Rocket Companies, Inc.
Description
Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services 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; and Rocket Loans, an online-based personal loans business. It also offers Core Digital Media, a online marketing platform in the mortgage and personal financial product sectors; Rocket Money, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a software services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; Rock Connections, a sales and support platform specializing in contact center services; and Rocket Innovation Studio that recruits and mentors top technology talent. 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. The company operates as a subsidiary of Rock Holdings Inc.
About
CEO
Mr. Varun Krishna
Employees
14,700
Instrument type
Common Stock
Sector
Financial Services
Industry
Mortgage Finance
MIC code
XNYS
Address
1050 Woodward Avenue, Detroit, MI 48226, United States
×
![Enlarged Chart]()
Oscillators
Invalid data format
Summary
Invalid data format
Moving Averages
Invalid data format
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 11, 2025 | — | — | — | — |
| Jul 30, 2025 | — | — | — | — |
| Apr 30, 2025 | — | — | — | — |
| Feb 21, 2025 | — | — | — | — |
| Nov 13, 2024 | 0.08 | 0.08 | 0.00 | 0.00% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 12 | — | 14 |
| Average estimate | — | 0.07 | — | 0.52 |
| Low estimate | — | 0.02 | — | 0.34 |
| High estimate | — | 0.12 | — | 0.71 |
| Last year EPS | — | 0.04 | — | 0.21 |
[stock_revenue_estimate]
Growth estimates
Current qtr
0.000%
Next qtr. (Mar 2025)
75.480%
Current year
398.670%
Next year (Dec 2025)
151.060%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 3.65B | 5.68B | 12.68B | 15.46B | 4.93B |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 3.80B | 4.65B | 5.79B | 5.24B | 3.67B |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | -402.90M | 741.91M | 6.18B | 9.53B | 904.44M |
| Tax provision | -12.82M | 41.98M | 112.74M | 132.38M | 7.31M |
| Net income | -390.08M | 699.93M | 6.07B | 9.40B | 897.13M |
| Basic EPS | -0.12 | 0.39 | 2.36 | 1.77 | 0.00 |
| Diluted EPS | -0.15 | 0.28 | 2.32 | 1.76 | 0.00 |
| Basic average shares | 128.64M | 120.58M | 130.58M | 111.93M | 100.37M |
| Diluted average shares | 128.64M | 120.58M | 130.58M | 111.93M | 100.37M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | -390.08M | 699.93M | 6.07B | 9.40B | 897.13M |
| Minority interests | 374.57M | -653.51M | -5.76B | -9.20B | -897.13M |
| Preferred stock dividends | — | -22,000 | -150,000 | — | 865.73M |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 1.11B | 722.29M | 2.13B | 1.97B | 1.39B |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | — | — | — | — | 508.14M |
| Other receivables | 493.09M | 428.78M | 508.07M | 383.88M | 194.70M |
| Inventory | — | — | — | — | — |
| Prepaid assets | 158.26M | 192.88M | 169.01M | 179.41M | 118.95M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 347.70M | 366.19M | 427.90M | 238.55M | 278.92M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 496.60M | 442.30M | 536.06M | 481.22M | 432.09M |
| Construction in progress | 29.15M | 92.35M | 56.39M | 79.43M | 39.90M |
| Leases | 261.30M | 202.81M | 229.34M | 148.32M | 133.00M |
| Accumulated depreciation | -536.20M | -463.26M | -567.41M | -497.81M | -428.54M |
| Goodwill | 8.91B | 9.46B | 7.98B | 2.96B | 2.96B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 6.44B | 6.95B | 5.39B | 2.86B | 2.87B |
| Investments and advances | 39.52M | 40.34M | 41.88M | — | 205.11M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 171.35M | 116.33M | 271.54M | 251.96M | 157.40M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | 319.31M | 672.88M | 75.00M | 375.00M | 165.00M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 4.93B | 5.27B | 9.70B | 7.32B | 5.51B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | 142.99M | 25.12M | 19.91M | 506.07M | 43.79M |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 20,000 | 20,000 | 20,000 | 20,000 | 3.51B |
| Retained earnings | 284.30M | 300.39M | 378.01M | 207.42M | — |
| Other shareholders equity | 52,000 | 69,000 | 81,000 | 317,000 | -151,000 |
| Total shareholders equity | 8.30B | 8.48B | 9.76B | 7.88B | 3.52B |
| Additional paid in capital | 340.53M | 276.22M | 287.56M | 282.74M | — |
| Treasury stock | — | — | — | — | — |
| Minority interest | 7.68B | 7.90B | 9.09B | 7.39B | 5.01M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | -390.08M | 699.93M | 6.07B | 9.40B | 897.13M | 614.86M | 770.71M |
| Depreciation | 110.27M | 94.02M | 74.71M | 74.32M | 74.95M | 76.92M | 68.81M |
| Deferred Taxes | -17.78M | 36.17M | 48.32M | 66.53M | — | — | — |
| Stock-Based Compensation | 180.13M | 216.00M | 163.71M | 136.19M | 39.70M | 33.64M | 32.90M |
| Other Non-Cash Items | 1.37B | 11.42B | 7.77B | 691.17M | -4.89B | 2.79B | 1.48B |
| Accounts Receivable | -8.73M | -1.04M | 12.42M | 7.25M | 3.76M | -1.03M | 80.12M |
| Accounts Payable | 55.02M | -155.21M | 11.17M | 94.56M | 64.67M | -49.08M | -10.12M |
| Other Assets & Liabilities | -216.83M | -322.33M | 154.03M | -265.26M | -35.18M | -76.23M | 66.73M |
| Operating Cash Flow | 1.09B | 11.99B | 14.30B | 10.20B | -3.84B | 3.39B | 2.49B |
| Investing Activities | |||||||
| Capital Expenditures | -60.34M | -93.12M | -118.29M | -106.35M | -48.84M | -64.47M | -67.78M |
| Net Intangibles | 910.68M | 657.28M | 748.93M | 561.56M | 136.82M | — | — |
| Net Acquisitions | — | — | -1.23B | — | — | -28.15M | -22.60M |
| Purchase of Investments | -5.47M | — | -39.90M | -2.50M | — | -28.15M | — |
| Sale of Investments | 6.48M | 2.06M | — | — | 136.82M | — | — |
| Investing Cash Flow | -59.33M | -91.07M | -1.39B | -48.33M | 90.81M | -122.10M | -91.31M |
| Financing Activities | |||||||
| Long-Term Debt Issuance | 184,000 | 720,000 | 3.57B | 7.83B | 7.11B | — | 1.29B |
| Long-Term Debt Payments | -650.99M | -10.50B | -6.31B | -1.30B | — | -1.05B | — |
| Other Financing Charges | 2.37M | -2.18B | -3.99B | -6.74B | 114.24M | -706.85M | -474.27M |
| Financing Cash Flow | -623.56M | -12.90B | -7.22B | 1.76B | 7.23B | -1.68B | 992.14M |
| Other Cash Details | |||||||
| End Cash Position | 1.14B | 789.10M | 2.21B | 2.05B | 1.46B | 1.14B | 1.44B |
| Income Tax Paid | — | 12.54M | 76.63M | 55.70M | 10.97M | 515,000 | 965,000 |
| Interest Paid | 380.78M | 327.58M | 429.76M | 370.44M | 261.39M | 209.22M | 174.21M |
| Free Cash Flow | -51.23M | 10.72B | 7.44B | -1.78B | -7.03B | 1.37B | -310.50M |
Error: Invalid format in Holders JSON file.
Article
Rocket Makes Super Bowl History with Own the Dream Ad and Live In-Stadium Singalong
A first-of-its-kind Super Bowl moment blends an anthemic ad with a live stadium singalong, uniting Americans in a call to come home DETROIT , Feb. 9, 2025 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company consisting of mortgage, real estate and personal finance businesses, tonight launched its Own the Dream integrated marketing campaign during the second quarter of Super Bowl LIX. The company's ad spot turned into a nationwide singalong, bringing millions of Americans together.
Feb 10, 2025
Article
Rocket Launches Rocket.com Website with Integrated Search, Financing and Management Tools
Rocket Companies unites and streamlines the end-to-end homeownership process with Rocket Mortgage and Rocket Homes DETROIT , Jan. 22, 2025 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company consisting of mortgage, real estate and personal finance businesses, today announced the launch of Rocket.com. Rocket.com empowers consumers to search, purchase and manage their home financing with an intuitive, AI-driven experience, simplifying every step of the homeownership journey.
Jan 22, 2025
Article
Rocket Companies Unifies Under the 'Rocket' Brand with New Visual Identity
The announcement marks the first phase of Rocket's brand restage, set to be fully revealed during the company's return to the Super Bowl CLICK HERE TO FIND A GALLERY OF IMAGES SHOWING THE NEW VISUAL IDENTITY DETROIT , Jan. 14, 2025 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company consisting of mortgage, real estate and personal finance businesses, today unveiled a bold refresh to its brand identity. Designed to position Rocket as one of the most inclusive brands in America, the visual identity unifies many of the company's services under the overarching "Rocket" brand, creating an influential end-to-end homeownership experience.
Jan 14, 2025
