Revenue segments as reported by the company.

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Interest and amortization expense on non-funding debt

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Rocket Companies, Inc.

Rocket Cos., Inc. engages in the provision of a suite of services related to homeownership and other personal financial transactions. It operates through the following segments: Direct to Consumer and Partner Network. The Direct to Consumer segment consists of performance marketing and direct engagement through the Rocket Mortgage App. The Partner Network Segment focuses on partnerships with premier consumer-focused organizations, brokers and mortgage professionals who leverage the platform and scale to provide mortgage solutions to clients. The company was founded by Daniel Gilbert in 1985 and is headquartered in Detroit, MI.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

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Rocket Companies reports solid Q4 performance amidst market challenges

Rocket Companies navigated challenges in 2022 with resilience, focusing on client engagement and strategic investments to drive growth and enhance market position.
Despite margin impacts in Q4, the company remains optimistic about the mortgage industry outlook, leveraging opportunities in the purchase market and consumer engagement for future success.
With a strong emphasis on client experience and retention, Rocket Companies aims to capitalize on market shifts and strategic initiatives to drive revenue growth and market share expansion.

Rocket Companies reports strong Q1 results and eyes mortgage market

Rocket Companies delivered strong Q1 results and is focused on enhancing the home buying experience through innovative initiatives and client engagement.
Despite challenges in home inventory levels and industry capacity, Rocket's financial strength and unique client approach position them well for growth.
The company's strategic outlook for Q2 revenue, emphasis on client relationships, and opportunities in the mortgage space highlight its resilience and growth potential.

Rocket Companies reports robust Q2 earnings amidst market challenges

Rocket Companies delivered strong financial performance in Q2, focusing on growth, cost-saving measures, and client satisfaction. Despite market challenges, they are optimistic about opportunities in the purchase-driven origination market and potential benefits from new regulations.

Rocket Companies, Inc. reports robust Q3 earnings amidst Q4 challenges

Rocket Companies, Inc. demonstrated strong financial performance in Q3 but anticipates challenges in Q4. Despite margin pressures and industry conditions, Rocket's strategic focus on growth, efficiency, and market positioning bode well for future opportunities and resilience in the market.

Rocket Companies posts strong Q4 results, eyes AI growth opportunities

Rocket Companies delivered robust financial performance in Q4 2023, showcasing revenue growth, expense management, and a focus on core business and home ownership.
The company's strengths lie in its strong balance sheet, innovative products, and strategic positioning in servicing and customer acquisition.
Challenges include industry dynamics, regulatory pressures, and the need for sustained growth amidst market uncertainties.
Opportunities for Rocket include AI-driven enhancements, margin improvements, and strategic investments in marketing and customer retention.

Rocket Companies reports robust Q1 results and AI-driven growth

Rocket Companies, Inc. delivered strong Q1 financial performance with a focus on market share growth, operational efficiencies, and AI-driven innovations.
Challenges include maintaining margins amid rising rates and competition in the servicing asset market, but opportunities lie in volume growth and AI differentiation.
Overall, Rocket's strategic initiatives position it well for continued growth and market share expansion in the mortgage industry.

Rocket Companies exceeds Q2 revenue targets, focuses on AI growth

Rocket Companies delivered strong financial results, exceeding revenue guidance and showcasing growth in market share and efficiency.
Their strategic focus on AI investments and operational efficiency bodes well for future profitability and market expansion.
While facing industry challenges, Rocket Companies remains optimistic and committed to driving growth through innovation and strategic initiatives.

Rocket Companies exceeds Q3 revenue, eyes growth amid market challenges

Rocket Companies delivered strong financial results in Q3 2024, exceeding revenue guidance and showcasing growth in market share. The company's focus on efficiency through AI-driven technology and strategic partnerships enhances its competitive position. Despite market challenges, Rocket remains optimistic about future growth and market opportunities.

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The final step in Lendesk's end-to-end digital mortgage experience saves time and adds a layer of security for both Canadian mortgage brokers and lenders VANCOUVER, BC , Feb. 15, 2023 /PRNewswire/ -- Lendesk Technologies, the premier FinTech provider for Canada's mortgage professionals, and a part of Rocket Companies (NYSE: RKT), today announced a partnership with Intellifi, a provider of end-to-end digital lending solutions, and Strive, a trusted CMHC approved residential mortgage lender. Through the first-of-its-kind collaboration, Lendesk will streamline the lending experience for Canadian mortgage professionals – brokers and lenders alike.

Lendesk Automates Loan Document Submission Through Partnerships with Tech Provider Intellifi and Mortgage Lender Strive

DETROIT , Feb. 14, 2023 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – today announced the Company will issue its fourth quarter and full year 2022 earnings on February 28, 2023. Leadership will host a conference call to discuss results at 4:30 p.m.

Rocket Companies to Announce Fourth Quarter and Full Year 2022 Results on February 28

Shares of Rocket Companies Inc. RKT, -3.08% slumped 4.5% toward a seventh-straight decline in premarket trading Monday, after the mortgage, real estate and financial services company said Chief Executive Jay Farner will retire after a 27-year career at the company. The company said when the retirement becomes effective, on June 1, Bill Emerson will assume the CEO role on an interim basis.

Rocket Companies stock falls toward 7th-straight loss as CEO Jay Farner to retire after 27 years with company

Jay Farner to Retire  June 1, 2023, After 27 Years with Company Longtime Rocket Executive Bill Emerson Named  Interim CEO, Emerson Served 15 Years as Farner's Immediate Predecessor Rocket Initiates Search for Permanent Successor DETROIT , Feb. 13, 2023 /PRNewswire/ -- Rocket Companies (NYSE: RKT), a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services businesses, including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money, today announced that following a 27-year career at the Company, Chief Executive Officer Jay Farner plans to retire from his position effective June 1, 2023. At that time, Bill Emerson, longtime Rocket executive and current Vice Chairman of Rock Holdings, will assume the role of Chief Executive Officer on an interim basis.

Rocket Companies Announces CEO Transition Plan

Rocket Companies (RKT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Rocket Companies (RKT) Soars 10.8%: Is Further Upside Left in the Stock?

Mortgage rates are falling. Will that be enough for the housing market to recover? Rocket Companies' CEO Jay Farner believes so

‘I'm very optimistic': Rocket Companies CEO says the housing market will return to ‘normal' in 2023

Rocket Companies, Inc. published its Q3 financial results on November 3, 2022. The firm provides an array of mortgage origination, servicing and related lending services in the United States.

Rocket Companies Hunkers Down For Worsening Real Estate Contraction

Douglas Elliman

Matterport

Opendoor

Redfin

LendingTree

Zillow

Although the housing market soared through the first two years of the post-pandemic new normal, the challenge now is that the paradigm shifted, necessitating a discussion about real estate stocks to sell.  Understandably, the topic of dumping publicly traded companies rarely sparks the warm and fuzzies.

7 Real Estate Stocks That May Not Survive 2023

Navitas Semiconductor Corp

Transocean

Sabre

TETRA Technologies

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

5 Well-Known Buy-Rated Stocks Trade Under $10 and Offer Huge Potential 2023 Gains

Mortgage Origination is a cyclical business, dependent on stable interest rates. In 2022, the Federal Reserve hiked rates at a pace never seen before.

Rocket Companies: In 2023, Mortgage Stocks May Be A Contrarian Buy

Special purpose credit program offers up to $7,500 in lender credits for first-time buyers in underserved communities to eliminate a significant hurdle to homeownership DETROIT , Dec. 27, 2022 /PRNewswire/ -- Rocket Mortgage, part of Rocket Companies (NYSE: RKT), today introduced Purchase Plus, a special purpose credit program intended to increase accessibility to homeownership in underserved communities. The new initiative offers up to $7,500 in credits for first-time homebuyers to use toward their mortgage costs.

Rocket Mortgage Introduces Purchase Plus, Helping Make the American Dream of Homeownership More Attainable

The worst appears to be over for the mortgage space.

Why Things Could Be Looking Up for Rocket Companies' Stock

Home Point Capital

KB Home

PulteGroup

Though the housing sector represented one of the most remarkable developments of the post-coronavirus new normal, the subsequent paradigm shift necessitates a discussion about real estate stocks to sell. To be clear, it's not that this segment suddenly became irrelevant.

7 Real Estate Stocks to Sell While You Still Can

Rocket Companies Inc (NYSE:RKT) is seeing a bullish options surge today, with 22,000 calls across the tape so far, which is three times the intraday average.

Call Traders Target RKT as Stock Rallies from Lows

3D Systems

Live Nation

Cosmos Holdings

Carvana

Karat Packaging

Prologis

Insiders can sell for a whole host of reasons, including to make other investments, buy a house and pay for life's expenses.

Insider Buying in 3D Systems, Live Nation and 5 Others

The mortgage market is highly cyclical, but Rocket is working to diversify its business.

Here's How Rocket Is Diversifying Its Offerings in a Tough Mortgage Environment

The FinTech leader's J.D. Power recognition is their 20th top ranking for client satisfaction, including eight #1 rankings for mortgage servicing DETROIT , Nov. 10, 2022 /PRNewswire/ -- Rocket Mortgage, part of Rocket Companies (NYSE: RKT), was today named #1 in the nation for client satisfaction in primary mortgage origination by J.D.

Finding a Better Way: Rocket Mortgage Ranked #1 in the U.S. for Client Satisfaction in Mortgage Origination by J.D. Power for 12th Time

Rocket Companies, Inc. (NYSE:RKT ) Q3 2022 Results Earnings Conference Call November 3, 2022 4:30 PM ET Company Participants Sharon Ng - Vice President-Investor Relations Jay Farner - Vice Chairman and Chief Executive Officer Brian Brown - Chief Accounting Officer Conference Call Participants James Faucette - Morgan Stanley Kevin Barker - Piper Sandler Ryan Nash - Goldman Sachs Doug Harter - Credit Suisse Mark DeVries - Barclays Derek Sommers - Jefferies Kevin Kaczmarek - Zelman & Associates Arren Cyganovich - Citigroup Operator Good morning. My name is Chris and I will be your conference operator today.

Rocket Companies, Inc. (RKT) Q3 2022 Results - Earnings Call Transcript

Rocket Companies (RKT) delivered earnings and revenue surprises of -300% and 18.53%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Rocket Companies (RKT) Reports Q3 Loss, Tops Revenue Estimates

Generated Q3'22 net revenue of $1.3 billion and net income of $96 million Delivered closed loan volume, net rate lock volume and gain on sale margin within our guided range Rocket reached 24 million Rocket Accounts1 across our ecosystem, as of September 30, 2022 Launched Rocket Rewards, our new loyalty program Approved renewal and extension of the $1 billion share repurchase program DETROIT , Nov. 3, 2022 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based FinTech platform company consisting of tech-driven real estate, mortgage and financial services businesses – including Rocket Mortgage, Rocket Homes, Rocket Money (formerly known as Truebill) and Rocket Loans – today announced results for the quarter ended September 30, 2022. "This period of change and reset in the mortgage industry creates significant opportunity for Rocket.

Rocket Companies Announces Third Quarter Results

Lennar

Toll Brothers

Perhaps the most debated topic of the new normal, the concept of real estate stocks to sell finally achieved mass-scale credibility. It all comes down to fundamental realities and it's better to not overthink it.

Hurry! 7 Pitiful Real Estate Stocks to Sell Before 2022 Ends

This is the latest in a series of new loan programs from Rocket Mortgage that help Americans achieve homeownership DETROIT , Nov. 2, 2022 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), today introduced a conventional loan option for Americans who are interested in purchasing or refinancing a manufactured home. "After revolutionizing the home loan experience for traditional site-built homes, we are proud to bring the technology and expert guidance Rocket is known for to those who are purchasing manufactured homes," said Bob Walters, CEO of Rocket Mortgage.

Rocket Mortgage Again Expands Home Loan Options, Begins Financing Manufactured Homes

Loyalty program offers homebuyers savings on closing costs when using America's largest lender. DETROIT , Nov. 1, 2022 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT), a Detroit-based FinTech platform company consisting of tech-driven financial businesses – including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money – today unveiled Rocket Rewards, an innovative loyalty program empowering consumers to accrue points that can be redeemed toward various financial transactions across the Rocket Platform.

Rocket Companies Introduces Rocket Rewards: New Engagement Program Helps Consumers Save Toward Their Financial Future

DETROIT , Oct. 20, 2022 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based FinTech platform company consisting of tech-driven real estate, mortgage, and financial services businesses – including Rocket Mortgage, Rocket Homes, Rocket Auto and Rocket Money (formerly known as Truebill) – today announced the Company will issue its third quarter earnings on November 3, 2022. Leadership will host a conference call to discuss results at 4:30 p.m.

Rocket Companies Announces Third Quarter 2022 Earnings Date

Rocket helps partners reduce costs and streamline processes by generating loan estimates, disclosures and closing documents through digital client portal DETROIT , Oct. 17, 2022 /PRNewswire/ -- Rocket Pro TPO, the division of Rocket Mortgage working exclusively with independent mortgage brokers and correspondent lenders, today announced the national launch of "Correspondent Assist." Through the new program, Rocket will offer non-delegated correspondent lenders new and valuable operational benefits with the option to use a suite of new tech-driven fulfillment services, in addition to the existing platform supporting correspondent partners.

News for Rocket Companies, Inc. Stock (RKT)