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Side-by-side financial comparison of LESAKA TECHNOLOGIES INC (LSAK) and Rocket Companies, Inc. (RKT). Click either name above to swap in a different company.

LESAKA TECHNOLOGIES INC is the larger business by last-quarter revenue ($3.0B vs $2.7B, roughly 1.1× Rocket Companies, Inc.). Rocket Companies, Inc. runs the higher net margin — 2.5% vs 0.0%, a 2.5% gap on every dollar of revenue. On growth, Rocket Companies, Inc. posted the faster year-over-year revenue change (52.2% vs 0.2%). Over the past eight quarters, LESAKA TECHNOLOGIES INC's revenue compounded faster (352.8% CAGR vs 39.5%).

Lesaka Technologies is a South-African financial technology company that is listed on the NASDAQ and Johannesburg Stock Exchange. Lesaka’s primary focus is on financial inclusion, offering financial services to previously underserved communities and merchants.

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.

LSAK vs RKT — Head-to-Head

Bigger by revenue
LSAK
LSAK
1.1× larger
LSAK
$3.0B
$2.7B
RKT
Growing faster (revenue YoY)
RKT
RKT
+52.0% gap
RKT
52.2%
0.2%
LSAK
Higher net margin
RKT
RKT
2.5% more per $
RKT
2.5%
0.0%
LSAK
Faster 2-yr revenue CAGR
LSAK
LSAK
Annualised
LSAK
352.8%
39.5%
RKT

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
LSAK
LSAK
RKT
RKT
Revenue
$3.0B
$2.7B
Net Profit
$437.0K
$68.0M
Gross Margin
Operating Margin
2.2%
6.3%
Net Margin
0.0%
2.5%
Revenue YoY
0.2%
52.2%
Net Profit YoY
100.8%
EPS (diluted)
$0.10

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LSAK
LSAK
RKT
RKT
Q3 26
$3.0B
Q4 25
$178.7M
$2.7B
Q3 25
$171.4M
$1.6B
Q2 25
$168.5M
$1.4B
Q1 25
$161.4M
$1.0B
Q4 24
$176.2M
$1.8B
Q3 24
$153.6M
$646.9M
Q2 24
$146.0M
$1.3B
Net Profit
LSAK
LSAK
RKT
RKT
Q3 26
$437.0K
Q4 25
$3.6M
$68.0M
Q3 25
$-4.3M
$-123.9M
Q2 25
$-28.4M
$-1.8M
Q1 25
$-22.1M
$-10.4M
Q4 24
$-32.5M
$33.9M
Q3 24
$-4.5M
$-22.0M
Q2 24
$-5.0M
$1.3M
Gross Margin
LSAK
LSAK
RKT
RKT
Q3 26
Q4 25
31.4%
Q3 25
30.9%
Q2 25
28.9%
Q1 25
27.5%
Q4 24
25.7%
58.9%
Q3 24
22.6%
-8.4%
Q2 24
22.6%
47.4%
Operating Margin
LSAK
LSAK
RKT
RKT
Q3 26
2.2%
Q4 25
1.2%
6.3%
Q3 25
0.2%
-11.5%
Q2 25
-16.7%
1.8%
Q1 25
0.4%
-21.5%
Q4 24
0.3%
38.1%
Q3 24
-0.0%
-76.9%
Q2 24
0.2%
14.8%
Net Margin
LSAK
LSAK
RKT
RKT
Q3 26
0.0%
Q4 25
2.0%
2.5%
Q3 25
-2.5%
-7.7%
Q2 25
-16.9%
-0.1%
Q1 25
-13.7%
-1.0%
Q4 24
-18.4%
1.9%
Q3 24
-3.0%
-3.4%
Q2 24
-3.4%
0.1%
EPS (diluted)
LSAK
LSAK
RKT
RKT
Q3 26
Q4 25
$0.04
$0.10
Q3 25
$-0.05
$-0.06
Q2 25
$-0.40
$-0.01
Q1 25
$-0.27
$-0.08
Q4 24
$-0.40
$0.28
Q3 24
$-0.07
$-0.19
Q2 24
$-0.08
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LSAK
LSAK
RKT
RKT
Cash + ST InvestmentsLiquidity on hand
$1.5B
$2.7B
Total DebtLower is stronger
$3.2B
Stockholders' EquityBook value
$22.9B
Total Assets
$11.5B
$60.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSAK
LSAK
RKT
RKT
Q3 26
$1.5B
Q4 25
$69.5M
$2.7B
Q3 25
$72.2M
$5.8B
Q2 25
$76.5M
$5.1B
Q1 25
$71.0M
$1.4B
Q4 24
$60.6M
$1.3B
Q3 24
$49.7M
$1.2B
Q2 24
$59.1M
$1.3B
Total Debt
LSAK
LSAK
RKT
RKT
Q3 26
$3.2B
Q4 25
$216.8M
Q3 25
$208.1M
Q2 25
$200.8M
Q1 25
$194.7M
Q4 24
$148.7M
Q3 24
$148.5M
Q2 24
$143.2M
Stockholders' Equity
LSAK
LSAK
RKT
RKT
Q3 26
Q4 25
$180.6M
$22.9B
Q3 25
$170.4M
$8.9B
Q2 25
$161.6M
$7.4B
Q1 25
$185.2M
$8.6B
Q4 24
$193.3M
$9.0B
Q3 24
$184.2M
$8.4B
Q2 24
$175.9M
$8.8B
Total Assets
LSAK
LSAK
RKT
RKT
Q3 26
$11.5B
Q4 25
$704.6M
$60.7B
Q3 25
$652.9M
$33.6B
Q2 25
$653.7M
$30.4B
Q1 25
$649.2M
$25.3B
Q4 24
$640.6M
$24.5B
Q3 24
$551.9M
$25.1B
Q2 24
$558.5M
$23.6B
Debt / Equity
LSAK
LSAK
RKT
RKT
Q3 26
Q4 25
1.20×
Q3 25
1.22×
Q2 25
1.24×
Q1 25
1.05×
Q4 24
0.77×
Q3 24
0.81×
Q2 24
0.81×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LSAK
LSAK
RKT
RKT
Operating Cash FlowLast quarter
$-1.2B
Free Cash FlowOCF − Capex
$-1.3B
FCF MarginFCF / Revenue
-47.2%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
-18.08×
TTM Free Cash FlowTrailing 4 quarters
$-4.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSAK
LSAK
RKT
RKT
Q3 26
Q4 25
$-10.9M
$-1.2B
Q3 25
$8.9M
$-50.3M
Q2 25
$-9.1M
$-1.9B
Q1 25
$10.7M
$-797.0M
Q4 24
$-9.2M
$1.8B
Q3 24
$-4.1M
$-1.3B
Q2 24
$5.7M
$-122.3M
Free Cash Flow
LSAK
LSAK
RKT
RKT
Q3 26
Q4 25
$-14.8M
$-1.3B
Q3 25
$4.9M
$-71.8M
Q2 25
$-13.2M
$-1.9B
Q1 25
$7.8M
$-811.0M
Q4 24
$-15.5M
$1.8B
Q3 24
$-8.1M
$-1.4B
Q2 24
$937.0K
$-138.3M
FCF Margin
LSAK
LSAK
RKT
RKT
Q3 26
Q4 25
-8.3%
-47.2%
Q3 25
2.9%
-4.5%
Q2 25
-7.8%
-137.2%
Q1 25
4.9%
-78.2%
Q4 24
-8.8%
103.1%
Q3 24
-5.3%
-209.6%
Q2 24
0.6%
-10.6%
Capex Intensity
LSAK
LSAK
RKT
RKT
Q3 26
Q4 25
2.2%
1.5%
Q3 25
2.3%
1.3%
Q2 25
2.4%
1.1%
Q1 25
1.7%
1.4%
Q4 24
3.6%
1.1%
Q3 24
2.6%
2.9%
Q2 24
3.2%
1.2%
Cash Conversion
LSAK
LSAK
RKT
RKT
Q3 26
Q4 25
-2.99×
-18.08×
Q3 25
Q2 25
Q1 25
Q4 24
54.42×
Q3 24
Q2 24
-94.46×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LSAK
LSAK

Segment breakdown not available.

RKT
RKT

Other$1.4B51%
Direct To Customer Segment$945.8M35%
Partner Network Segment$216.7M8%
Subscription Revenue$91.3M3%
Closing Fees$47.1M2%
Appraisal Revenue$10.7M0%

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