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Rocket Companies
(NYSE:RKT)
Rocket Companies (RKT) vs. SPDR S&P 500 ETF (SPY)
Rocket Companies Business Overview & Revenue Model
Rocket Companies Key Performance Indicators (KPIs)
Analyzes revenue from different business segments, highlighting which areas drive growth and profitability, and revealing strategic focus and potential vulnerabilities.
Main Street DataRocket Companies Earnings Call Summary
Rocket Companies Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.18B | 5.40B | 4.01B | 6.00B | 13.18B | 15.90B |
| Gross Profit | 5.73B | 4.93B | 3.65B | 5.68B | 12.68B | 15.46B |
| EBITDA | 681.96M | 780.97M | -292.63M | 835.93M | 6.26B | 9.61B |
| Net Income | -102.15M | 29.37M | -15.51M | 46.42M | 308.21M | 197.95M |
Balance Sheet | ||||||
| Total Assets | 33.58B | 24.51B | 19.23B | 20.08B | 32.77B | 37.53B |
| Cash, Cash Equivalents and Short-Term Investments | 5.86B | 1.27B | 1.11B | 722.29M | 2.13B | 7.67B |
| Total Debt | 22.26B | 13.98B | 9.56B | 10.35B | 21.18B | 27.65B |
| Total Liabilities | 24.72B | 15.47B | 10.93B | 11.61B | 23.02B | 29.65B |
| Stockholders Equity | 8.85B | 702.50M | 624.90M | 576.70M | 665.66M | 490.50M |
Cash Flow | ||||||
| Free Cash Flow | 1.64B | -3.43B | 49.99M | 10.72B | 7.44B | -1.78B |
| Operating Cash Flow | 1.84B | -2.63B | 110.33M | 10.82B | 7.74B | -1.68B |
| Investing Cash Flow | -35.65M | -495.47M | 861.15M | 578.74M | -664.85M | 517.20M |
| Financing Cash Flow | -1.77B | 3.28B | -623.56M | -12.82B | -6.92B | 1.76B |
Rocket Companies Technical Analysis
Rocket Companies Risk Analysis
Rocket Companies Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $6.59B | 13.66 | 12.55% | 0.94% | 25.42% | 190.85% | |
70 Outperform | $1.24B | 50.97 | 10.53% | ― | 23.81% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ― | ― | ― | ― | 2.27% | -17.46% | |
49 Neutral | $48.01B | 214.74 | -2.15% | ― | 22.56% | ― | |
48 Neutral | $8.16B | ― | 11.37% | 7.07% | -8.66% | ― | |
43 Neutral | $849.75M | -6.92 | -25.72% | ― | 3.91% | 27.78% |
Rocket Companies Corporate Events
The recent earnings call for Rocket Companies Inc. painted a picture of robust financial health and strategic success, albeit with some challenges on the horizon. The company showcased strong financial performance and strategic integrations, leading to significant market share gains and promising AI innovations. However, concerns about the housing market and potential seasonal slowdowns were also highlighted.
Rocket Companies, Inc., based in Detroit, operates as a fintech platform specializing in mortgage, real estate, and personal finance services, with a focus on leveraging AI technology to enhance homeownership experiences. In its third quarter of 2025, Rocket Companies reported a total revenue of $1.61 billion and an adjusted revenue of $1.78 billion, surpassing its guidance range. Despite a GAAP net loss of $124 million, the company achieved an adjusted net income of $158 million and an adjusted EBITDA of $349 million.
On October 1, 2025, Rocket Companies completed its acquisition of Mr. Cooper Group, marking the largest independent mortgage deal in history. This acquisition combines the largest home loan originator with the largest mortgage servicer in the U.S., creating a combined servicing portfolio of nearly 10 million homeowners. The merger aims to transform homeownership by integrating Mr. Cooper’s servicing expertise with Rocket’s origination capabilities and AI technology, ultimately lowering costs and simplifying the homeownership process. Jay Bray, CEO of Mr. Cooper, will join Rocket as the new President and CEO of Rocket Mortgage, further strengthening the company’s leadership.
The most recent analyst rating on (RKT) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Rocket Companies stock, see the RKT Stock Forecast page.
On September 18, 2025, Rocket Mortgage, LLC and One Reverse Mortgage, LLC, both subsidiaries of Rocket Companies, Inc., extended their Master Repurchase Agreement with UBS AG New York Branch to September 16, 2027. This amendment increased the company’s total funding capacity to $26.4 billion, up from $26.2 billion in June 2025, indicating a strategic move to enhance liquidity and financial flexibility.
The most recent analyst rating on (RKT) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Rocket Companies stock, see the RKT Stock Forecast page.
On September 22, 2025, Rocket Companies announced its pending acquisition of Mr. Cooper Group Inc. and the conditional redemption of Nationstar Mortgage Holdings’ senior notes, set for October 1, 2025, contingent on the acquisition’s completion. The acquisition is expected to close in the fourth quarter of 2025, and Rocket plans an internal reorganization post-acquisition, which could impact its market positioning and stakeholder interests.
The most recent analyst rating on (RKT) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Rocket Companies stock, see the RKT Stock Forecast page.
On September 4, 2025, Rocket Mortgage, LLC, a subsidiary of Rocket Companies, Inc., entered into an Amended and Restated Master Repurchase Agreement with Bank of Montreal, extending the agreement’s expiration to September 3, 2027, and increasing the facility to $1.0 billion. This agreement, along with other financial facilities, raised Rocket Companies’ total funding capacity to $26.4 billion, reflecting a slight increase from $26.2 billion in June 2025, but a decrease from $27.5 billion at the end of 2024.
The most recent analyst rating on (RKT) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Rocket Companies stock, see the RKT Stock Forecast page.
On September 2, 2025, Rocket Companies announced the extension of expiration dates for its tender offers and consent solicitations related to Nationstar Mortgage Holdings Inc.’s senior notes, in connection with its pending acquisition of Mr. Cooper Group Inc. The extension is intended to align with the anticipated closing of the acquisition, reflecting Rocket’s strategic move to consolidate its position in the mortgage industry. The extension applies to both tender offers and exchange offers, with the new expiration set for September 30, 2025, subject to further extensions. This move is crucial for Rocket’s acquisition strategy, as it aims to finalize the acquisition concurrently with the settlement of these offers, impacting stakeholders by potentially altering the financial and operational landscape of the combined entities.
The most recent analyst rating on (RKT) stock is a Hold with a $15.00 price target. To see the full list of analyst forecasts on Rocket Companies stock, see the RKT Stock Forecast page.
On August 20, 2025, Bill Emerson announced his retirement from his role as President of Rocket Companies, effective December 31, 2025. Despite stepping down as President, Mr. Emerson will remain involved with the company as a director, ensuring continuity in leadership and strategic direction.
The most recent analyst rating on (RKT) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on Rocket Companies stock, see the RKT Stock Forecast page.
On July 1, 2025, Rocket Companies completed its acquisition of Redfin Corporation, a Delaware-based company. This acquisition is significant for Rocket Companies as it provides unaudited financial statements and pro forma financial information, indicating the integration of Redfin into Rocket’s operations. The acquisition is expected to impact Rocket’s financial positioning and market strategy, although the specific implications for stakeholders are not detailed in the release.
The most recent analyst rating on (RKT) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Rocket Companies stock, see the RKT Stock Forecast page.
On August 4, 2025, Rocket Companies announced cash tender offers and consent solicitations for Nationstar Mortgage Holdings’ senior notes, as part of its acquisition of Mr. Cooper Group. The offers aim to amend indenture provisions, eliminating certain covenants and default events, and are contingent on acquiring Mr. Cooper. This move is expected to streamline Rocket’s financial operations and enhance its market positioning.
The most recent analyst rating on (RKT) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Rocket Companies stock, see the RKT Stock Forecast page.