Rocket Companies, Inc.RKTEarnings & Financial Report
Rocket Companies, Inc., is an American fintech and homeownership services company. Founded by Dan Gilbert and based in Downtown Detroit, Michigan, the company is one of the largest mortgage lenders in the United States through its flagship subsidiary Rocket Mortgage. Its subsidiaries include Redfin, Forsalebyowner.com, and Rocket Money.
Revenue
$646.9M
Gross Profit
$-54.4M
Operating Profit
$-497.3M
Net Profit
$-22.0M
Gross Margin
-8.4%
Operating Margin
-76.9%
Net Margin
-3.4%
YoY Growth
-46.2%
EPS
$-0.19
Rocket Companies, Inc. Q3 FY2024 Financial Summary
Rocket Companies, Inc. reported revenue of $646.9M (down 46.2% YoY) for Q3 FY2024, with a net profit of $-22.0M (down 454.7% YoY) (-3.4% margin). Cost of goods sold was $701.3M, operating expenses totaled $443.0M.
Key Financial Metrics
| Total Revenue | $646.9M |
|---|---|
| Net Profit | $-22.0M |
| Gross Margin | -8.4% |
| Operating Margin | -76.9% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
Rocket Companies, Inc. Q3 FY2024 revenue of $646.9M breaks down across 6 segments, led by Other at $360.0M (55.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $360.0M | 55.6% |
| Partner Network Segment | $168.2M | 26.0% |
| Subscription Revenue | $66.0M | 10.2% |
| Closing Fees | $29.2M | 4.5% |
| Real Estate Network Referral | $14.4M | 2.2% |
| Appraisal Revenue | $9.2M | 1.4% |
Rocket Companies, Inc. Revenue by Segment — Quarterly Trend
Rocket Companies, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and Partner Network Segment) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Other | $1.4B | — | $421.6M | $154.1M |
| Partner Network Segment | $216.7M | — | $126.2M | $95.8M |
| Subscription Revenue | $91.3M | — | $86.9M | $84.5M |
| Closing Fees | $47.1M | — | $32.0M | $24.4M |
| Real Estate Network Referral | — | — | $15.0M | $10.3M |
Rocket Companies, Inc. Annual Revenue by Year
Rocket Companies, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $6.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $6.7B |
| 2024 | $5.1B |
| 2023 | $3.8B |
| 2022 | $5.8B |
Rocket Companies, Inc. Quarterly Revenue & Net Profit History
Rocket Companies, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $2.7B | +52.2% | $68.0M | 2.5% |
| Q3 FY2025 | $1.6B | +148.1% | $-123.9M | -7.7% |
| Q2 FY2025 | $1.4B | +4.6% | $-1.8M | -0.1% |
| Q1 FY2025 | $1.0B | -25.0% | $-10.4M | -1.0% |
| Q4 FY2024 | $1.8B | +155.0% | $33.9M | 1.9% |
| Q3 FY2024 | $646.9M | -46.2% | $-22.0M | -3.4% |
| Q2 FY2024 | $1.3B | +5.2% | $1.3M | 0.1% |
| Q1 FY2024 | $1.4B | +107.7% | $16.2M | 1.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.38B | $1.30B | $646.9M | $1.77B | $1.04B | $1.36B | $1.61B | $2.69B |
| YoY Growth | 107.7% | 5.2% | -46.2% | 155.0% | -25.0% | 4.6% | 148.1% | 52.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $22.22B | $23.65B | $25.12B | $24.51B | $25.25B | $30.36B | $33.58B | $60.69B |
| Liabilities | $13.61B | $14.83B | $16.77B | $15.47B | $16.67B | $22.91B | $24.72B | $37.79B |
| Equity | $8.61B | $8.81B | $8.35B | $9.04B | $8.58B | $7.45B | $8.85B | $22.90B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-3.01B | $-122.3M | $-1.34B | $1.84B | $-797.0M | $-1.85B | $-50.3M | $-1.23B |