See more : GCL Technology Holdings Limited (GCPEF) Income Statement Analysis – Financial Results
Complete financial analysis of Rocket Companies, Inc. (RKT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Rocket Companies, Inc., a leading company in the Financial – Mortgages industry within the Financial Services sector.
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Rocket Companies, Inc. (RKT)
About Rocket Companies, Inc.
Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and e-Commerce businesses in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to online car purchasing platforms; and Rocket Loans, an online-based personal loans business. It also offer Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, which connect homeowners with digital financing solutions through a team of trained solar advisors; Truebill, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a technology services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; and Edison Financial, a digital mortgage broker. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings, Inc.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 3.61B | 5.68B | 12.68B | 15.55B | 4.98B | 4.08B | 4.07B |
| Cost of Revenue | 110.27M | 94.02M | 74.71M | 74.32M | 74.95M | 588.43M | 586.83M |
| Gross Profit | 3.50B | 5.59B | 12.61B | 15.47B | 4.91B | 3.49B | 3.49B |
| Gross Profit Ratio | 96.95% | 98.35% | 99.41% | 99.52% | 98.50% | 85.58% | 85.59% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 3.06B | 3.70B | 4.54B | 4.29B | 2.77B | 2.30B | 2.23B |
| Selling & Marketing | 736.68M | 945.69M | 1.25B | 949.93M | 905.00M | 878.03M | 787.84M |
| SG&A | 3.80B | 4.65B | 5.79B | 5.24B | 3.67B | 3.17B | 3.02B |
| Other Expenses | 0.00 | 3.24B | -18.05B | -701.59M | -339.55M | -214.75M | -215.87M |
| Operating Expenses | 3.80B | 5.10B | -12.26B | 4.54B | 3.33B | -2.65B | 2.80B |
| Cost & Expenses | 3.80B | 5.10B | -12.26B | 4.54B | 3.33B | -2.65B | 3.39B |
| Interest Income | 327.45M | 350.59M | 430.09M | 329.59M | 250.75M | 200.93M | 159.58M |
| Interest Expense | 359.97M | 319.98M | 491.89M | 431.82M | 271.77M | 229.35M | 180.94M |
| Depreciation & Amortization | 110.27M | 94.02M | 74.71M | 74.32M | 74.95M | 69.78M | 60.46M |
| EBITDA | 67.35M | 0.00 | 0.00 | 0.00 | 1.25B | 816.36M | 870.81M |
| EBITDA Ratio | 1.86% | 4.48% | 3.91% | 2.60% | 19.56% | 22.60% | 25.09% |
| Operating Income | -294.87M | 160.92M | 420.95M | 330.33M | 899.74M | 844.88M | 952.87M |
| Operating Income Ratio | -8.16% | 2.83% | 3.32% | 2.12% | 18.06% | 20.71% | 23.40% |
| Total Other Income/Expenses | -108.03M | -319.98M | -491.89M | -431.82M | -346.72M | -229.35M | -104.61M |
| Income Before Tax | -402.90M | 741.91M | 6.18B | 9.53B | 898.37M | 618.10M | 771.94M |
| Income Before Tax Ratio | -11.15% | 13.05% | 48.76% | 61.30% | 18.03% | 15.15% | 18.96% |
| Income Tax Expense | -12.82M | 41.98M | 112.74M | 132.38M | 5.98M | 3.24M | 1.23M |
| Net Income | -15.51M | 699.93M | 6.07B | 9.40B | 893.75M | 612.89M | 770.70M |
| Net Income Ratio | -0.43% | 12.31% | 47.87% | 60.45% | 17.94% | 15.02% | 18.93% |
| EPS | -2.32 | 5.80 | 46.50 | 83.98 | 8.90 | 6.11 | 7.68 |
| EPS Diluted | -0.15 | 0.36 | 3.05 | 80.86 | 8.83 | 6.06 | 7.43 |
| Weighted Avg Shares Out | 128.64M | 120.58M | 130.58M | 111.93M | 100.37M | 100.37M | 100.37M |
| Weighted Avg Shares Out (Dil) | 1.98B | 1.97B | 1.99B | 116.24M | 101.21M | 101.21M | 103.75M |
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Rocket Companies: Continued Upside Expectation Is Justified
HELOC demand from homeowners surging as Fed cuts interest rates
Rate cut is already baked into mortgage rates, says Rocket Companies CEO Varun Krishna
3 Stocks to Watch as Call Option Activity Heats Up
3 Key Reasons Why Rocket Companies Stock Will Rally Soon
Rocket Companies Leaders Unveil Long-term Growth Strategy at Inaugural Investor Day
Mortgage Technology Veteran Dan Sogorka to Lead Rocket's Broker Business Into AI-Driven Revolution
Rocket Companies to Host Investor Day on Tuesday, September 10, 2024
Source: https://incomestatements.info
Category: Stock Reports