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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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Source: https://incomestatements.info
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