← Rocket Companies, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $4.2b |
$5.1b
+21.56%
|
$15.7b
+207.49%
|
$12.9b
-17.93%
|
$5.8b
-54.79%
|
$3.8b
-34.93%
|
$5.1b
+34.26%
|
$6.7b
+31.25%
|
$9.0b
+33.98%
|
|
| Cost of Revenue | $2.5b |
$3.0b
+17.11%
|
$4.6b
+54.35%
|
$4.7b
+1.55%
|
$3.2b
-30.47%
|
$2.5b
-23.07%
|
$2.8b
+11.88%
|
— | — | |
| Gross Profit | $1.7b |
$2.1b
+28.32%
|
$11.1b
+419.65%
|
$8.3b
-25.94%
|
$2.6b
-68.52%
|
$1.3b
-49.70%
|
$2.3b
+76.91%
|
— | — | |
| Marketing and advertising expenses | $878.0m | $905.0m | $949.9m | $1.2b | $945.7m | $736.7m | $824.0m | $1.1b | — | |
| General and administrative expenses | $592.5m | $685.0m | $1.1b | $1.2b | $906.2m | $802.9m | $893.2m | $1.4b | $5.7b | |
| Interest expense on funding facilities | ($99.3m) | ($134.9m) | ($245.5m) | ($261.1m) | ($166.4m) | ($206.6m) | ($315.6m) | ($376.0m) | $1.3b | |
| Interest income | ||||||||||
| Interest income, net | $101.6m | $115.8m | $84.1m | $168.9m | $184.2m | $120.9m | $97.6m | $125.0m | $1.2b | |
| Gain on sale of loans excluding fair value of originated MSRs, net | $2.0b | $3.1b | $11.9b | $6.6b | $1.2b | $974.0m | $1.7b | $2.1b | $4.8b | |
| Gain on sale of loans, net | $2.9b | $4.9b | $15.1b | $10.5b | $3.1b | $2.1b | $3.0b | $3.8b | $4.8b | |
| Other income | $588.4m | $736.6m | $1.8b | $1.6b | $873.2m | $911.3m | $1.1b | $2.0b | — | |
| Other expenses | $210.5m | $328.2m | $701.6m | $634.3m | $199.2m | $141.7m | $187.8m | $347.0m | — | |
| (Loss) income before income taxes | $618.1m | $904.4m | $9.5b | $6.2b | $741.9m | ($402.9m) | $668.1m | ($214.0m) | — | |
| (Provision for) benefit from income taxes | ($3.2m) | ($7.3m) | ($132.4m) | ($112.7m) | ($42.0m) | $12.8m | ($32.2m) | ($20.0m) | — | |
| Net loss (income) attributable to non-controlling interest | ($614.9m) | ($897.1m) | ($9.2b) | ($5.8b) | ($653.5m) | $374.6m | ($606.5m) | $166.0m | — | |
| Basic (in dollars per share) | — | — | ($82.21) | ($44.14) | ($5.42) | $2.91 | ($4.30) | $0.13 | — | |
| Diluted (in dollars per share) | — | — | ($79.16) | ($2.90) | ($0.33) | $0.19 | ($4.30) | $0.13 | — | |
| Comprehensive (loss) income | ||||||||||
| Fair value of originated MSRs | $959.2m | $1.8b | $3.1b | $3.9b | $2.0b | $1.1b | $1.3b | $1.7b | — | |
| Servicing fee income | $820.4m | $950.2m | $1.1b | $1.3b | $1.5b | $1.4b | $1.5b | $2.3b | — | |
| Change in fair value of MSRs, net | — | ($1.6b) | ($2.4b) | ($689.4m) | $185.0m | ($701.0m) | ($578.7m) | ($1.5b) | — | |
| Loan servicing income, net | $591.6m | ($646.4m) | ($1.2b) | $636.5m | $1.6b | $700.8m | $883.5m | $787.0m | — | |
| Salaries, commissions and team member benefits | $1.7b | $2.1b | $3.2b | $3.4b | $2.8b | $2.3b | $2.3b | $3.3b | — | |
| Depreciation and amortization | $76.9m | $75.0m | $74.3m | $74.7m | $94.0m | $110.3m | $112.9m | $290.0m | $527.0m | |
| Interest and amortization expense on non-funding debt | $130.0m | $136.9m | $186.3m | $230.7m | $153.6m | $153.4m | $153.6m | $438.0m | — | |
| Net (loss) income | $614.9m | $897.1m | $9.4b | $6.1b | $699.9m | ($390.1m) | $635.8m | ($234.0m) | — | |
| Net (loss) income attributable to Rocket Companies | $0 | $0 | $198.0m | $308.2m | $46.4m | ($15.5m) | $29.4m | ($68.0m) | — | |
| Cumulative translation adjustment | ($1.1m) | $877k | $885k | ($115k) | ($950k) | ($191k) | ($1.4m) | $1.0m | — | |
| Comprehensive loss (income) attributable to non-controlling interest | ($613.8m) | ($898.0m) | ($9.2b) | ($5.8b) | ($653.1m) | $374.7m | ($605.2m) | $165.0m | — | |
| Comprehensive (loss) income attributable to Rocket Companies | $0 | $0 | $197.9m | $307.8m | $46.4m | ($15.5m) | $29.3m | ($68.0m) | — | |
| Total expenses | $3.6b | $4.2b | $6.2b | $6.7b | $5.1b | $4.2b | $4.4b | $6.9b | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.