Rocket Companies Inc (N:RKT)
Business Focus: N/A
| Sector: Technology | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1050 Woodward Avenue DETROIT MI 48226 |
| Tel: | N/A |
| Website: | https://www.rocketcompanies.com |
| IR: | See website |
| Key People | ||
| Bill Emerson President, Chief Operating Officer | Varun Krishna Chief Executive Officer, Director | Brian Brown Chief Financial Officer, Treasurer |
| Jonathan Mildenhall Chief Marketing Officer | Tina V. John General Counsel, Company Secretary | |
| Business Overview |
| Rocket Companies, Inc. is a financial technology company consisting of tech-driven real estate, mortgage and financial service businesses. The Company offers Rocket Platform. Its segments include Direct to Consumer and Partner Network. In the Direct to Consumer segment, clients have the ability to interact with Rocket Mortgage online and/or with the Company's mortgage bankers. The Company markets various brand campaigns and performance marketing channels to clients through its Direct to Consumer segment. Partner Network segment leverages its client service and brands to grow marketing and influencer relationships, and its mortgage broker partnerships through Rocket Pro third-party origination (TPO). The Company consists of personal finance and consumer technology brands, including Rocket Mortgage, Rocket Homes, Amrock, Rocket Money, Rocket Loans, Rocket Auto, Rocket Mortgage Canada, Lendesk, Core Digital Media, Rocket Central and Rock Connections. |
| Financial Overview |
| For the nine months ended 30 September 2023, Rocket Companies Inc revenues decreased 41% to $3.23B. Net loss applicable to common stockholders totaled $4.9M vs. income of $64.1M. Revenues reflect Direct to consumer segment decrease of 44% to $2.49B, Partner Network segment decrease of 39% to $343.7M. Net loss reflects Depreciation and amortization increase of 19% to $83.7M (expense). |
| Employees: | 14,700 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $40,253M as of Mar 31, 2024 |
| Annual revenue (TTM): | $4,746M as of Mar 31, 2024 |
| EBITDA (TTM): | $945.77M as of Mar 31, 2024 |
| Net annual income (TTM): | $19.22M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$1,627M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $11,124M as of Mar 31, 2024 |
| Shares outstanding: | 1,988,355,723 as of Apr 30, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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