Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.

Rocket Companies, Inc.

Rocket Companies is a Detroit-based company that provides digital solutions for complex financial transactions, focusing on homeownership and financial services.

Rocket Companies

Rocket Companies® is a Detroit-based company made up of businesses that provide simple, fast and trusted digital solutions for complex transactions. The name comes from our flagship business, now known as Rocket Mortgage®, which was founded in 1985. Today, we’re a publicly traded company involved in many different industries, including mortgages, fintech, real estate, automotive and more. We’re insistently different in how we look at the world and committed to an inclusive workplace where every voice is heard.

As we gear up this week for the Rocket Mortgage Classic, we're taking a moment to celebrate the incredible volunteers and Team Members who have made this event unforgettable in years past! Your dedication and hard work brings the tournament to life and showcases the spirit of both Rocket and Detroit. 

#RocketMortgageClassic #VolunteerAppreciation #MyRocketCareer

Not a Team Member yet? Join us! https://ow.ly/malU50Ry0Yu

This week, was our two-day Slacktivation event as we embrace Slack as a company! From the interactive help desks to engaging learning opportunities with our Tech Team, it was a fantastic success. Highlights included some of our Paws at Work dogs grooving on the dance floor, photo ops for Team Members, and fun emoji activations. With delicious treats like bubble tea, churros, and pretzels, it was a feast for all. Shoutout to our CEO, Varun Krishna, for joining the fun!

We’re excited for this new chapter of enhanced collaboration and communication. #MyRocketCareer

Not a Team Member Yet? Join us!
https://ow.ly/malU50Ry0Yu

It feels like yesterday... a small, passionate group of us at Rocket Mortgage set out to bring Dan Gilbert’s vision of hosting a PGA Tour event in the city of Detroit to life. 

When Dan moved our company to downtown Detroit 14 years ago, he knew a key to growth was attracting people and events to shine a spotlight on Detroit and that is where the Rocket Mortgage Classic was born.

Fast forward to today as we embark on our 6th Rocket Mortgage Classic, the world is buzzing about Detroit and the world has taken notice – the NFL Draft, the Central Station reopening, the Grand Prix, GM moving to the Hudson Building, and even more yet to come

It's a testament to the power of belief, as one of my favorite ISM says: "You will see it when you believe it."

Dan, thank you for trusting us, your unwavering support made the Rocket Mortgage Classic a reality.  Every day they are writing chapters of the book they are writing of Detroit's resurgence story. It's an epic tale, and I'm grateful to be a small part of it

#PlayedInDetroit
#ChangingTheCourse

Last week our team hosted the ACIM - All Company Intern Meeting! We brought our 2024 interns from all over both the US and Canada to learn about our company goals, build relationships and experience the city of Detroit. 

A heartfelt thank you to our amazing senior leaders for joining us to speak and inspire this group; Jonathan Mildenhall, Austin Niemiec, Alpa Lally, LaQuanda Sain and Heather Lovier. Also a quick shoutout to Brittany Ednie for planning and my leaders for encouraging our vision, listening to our wild ideas and always showing up to support Ray Macksoud Danielle Matela. 

Excited to see this intern group grow, innovate and develop meaningful connections this summer! ☀ 

Rocket Companies #RocketInternship #Internship #RocketCompanies 

351 Summer Interns….

From 31 🇺🇸 states…

And 2 🇨🇦 provinces..

Representing 121 schools.

Had the pleasure to talk to the group about what they don’t teach you about business in school.

The future is bright for this group!  Excited to see their impact over the next few months.

Onward.  Upward.

Rocket Mortgage Rocket Companies #Internship

Rocket Team Members really showed up at Pride this year across our office locations, especially in our home city of Detroit. We asked community members and Team Members alike, to tell us:

"What does home means to you?" Comment your answer!

Not a Team Member Yet? Join us!
https://ow.ly/malU50Ry0Yu

	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	4.07B -	4.08B 0.19%	4.98B 22.15%	15.55B 212.04%	12.68B 18.43%	5.68B 55.18%	3.61B 36.42%
cost of revenue	586.83M -	588.43M 0.27%					110.27M -
gross profit	3.49B -	3.49B 0.17%	4.98B 42.74%	15.55B 212.04%	12.68B 18.43%	5.68B 55.18%	3.50B 38.36%
selling and marketing expenses	787.84M -	878.03M 11.45%	905M 3.07%	949.93M 4.96%	1.25B 31.54%	945.69M 24.32%	736.68M 22.10%
general and administrative expenses	2.23B -	2.30B 3.08%	2.77B 20.44%	4.29B 55.19%	4.54B 5.80%	3.70B 18.42%	3.06B 17.38%
selling general and administrative expenses	3.02B -	3.17B 5.26%	3.67B 15.63%	5.24B 42.81%	5.79B 10.46%	4.65B 19.69%	3.80B 18.34%
research and development expenses
other expenses	-215.87M -	-214.75M 0.52%	-339.55M 58.11%	-701.59M 106.63%	-18.05B 2,473.08%	3.24B 117.97%	-3.55B 209.32%
cost and expenses	3.39B -	-2.65B 178.15%	3.33B 225.86%	4.54B 36.30%	-12.26B 370.12%	5.10B 141.56%	3.66B 28.24%
operating expenses	2.80B -	-2.65B 194.53%	3.33B 225.86%	4.54B 36.30%	-12.26B 370.12%	5.10B 141.56%	3.55B 30.40%
interest expense	180.94M -	229.35M 26.75%	271.77M 18.50%	431.82M 58.89%	491.89M 13.91%	319.98M 34.95%	359.97M 12.50%
ebitda	1.02B -	921.80M 9.78%	974.69M 5.74%	404.65M 58.48%	495.66M 22.49%	254.94M 48.57%	67.35M 73.58%
operating income	952.87M -	844.88M 11.33%	899.74M 6.49%	330.33M 63.29%	420.95M 27.43%	160.92M 61.77%	-42.92M 126.67%
depreciation and amortization	68.81M -	76.92M 11.78%	74.95M 2.55%	74.32M 0.85%	74.71M 0.53%	94.02M 25.84%	110.27M 17.28%
total other income expenses net	-180.93M -	-229.62M 26.91%	-1.37M 99.40%	9.20B 673,203.51%	5.76B 37.36%	580.99M 89.92%	-359.97M 161.96%
income before tax	771.94M -	618.10M 19.93%	898.37M 45.34%	9.53B 960.99%	6.18B 35.11%	741.91M 88.00%	-402.90M 154.31%
income tax expense	1.23M -	3.24M 164.17%	5.98M 84.46%	132.38M 2,112.25%	112.74M 14.84%	41.98M 62.76%	-12.82M 130.53%
net income	770.70M -	612.89M 20.48%	893.75M 45.83%	9.40B 951.66%	6.07B 35.40%	699.93M 88.47%	-15.51M 102.22%
weighted average shs out	100.37M -	100.37M 0%	100.37M 0%	111.93M 11.51%	130.58M 16.66%	120.58M 7.66%	1.98B 1,542.53%
weighted average shs out dil	103.75M -	101.21M 2.44%	101.21M 0%	116.24M 14.85%	1.99B 1,611.51%	1.97B 0.90%	1.98B 0.45%
eps	7.68 -	6.11 20.44%	8.90 45.66%	83.98 843.60%	46.50 44.63%	5.80 87.53%	-0.01 100.13%
epsdiluted	7.43 -	6.06 18.44%	8.83 45.71%	80.86 815.74%	3.05 96.23%	0.36 88.20%	-0.01 102.17%

COM:ROCKETCOMPANIES

Rocket Companies

Last Close

13.68

21/11 21:00

Market Cap

1.98B

Beta: -

Volume Today

3.05M

Avg: -

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