Rocket Companies Inc Class A (NYSE:RKT)
Stock Price:
$7.79
+0.13
(1.7%)
Updated
May 26, 2023 08:00 PM GMT+0000
| Market Cap | 15.30B |
|---|---|
| Revenue | 3.80B |
| Gross Profit | 3.80B |
| Shares Out | 1.96B |
| EPS (ttm) | -0.0131 |
| PE Ratio | -38.2793 |
| Forward PE | 312.4332 |
| Dividend Rate (ttm) | 0.0000 |
| Dividend Yield | 0.0000 |
| Trading Day | May 26 |
|---|---|
| Last Price | $7.79 |
| Previous Close | $7.66 |
| Change ($) | 0.13 |
| Change (%) | 1.7% |
| Day's Open | 7.63 |
| Day's Range | 7.5 - 7.79 |
| Day's Volume | 1.21M |
| 52 Week Range | 5.97 - 11.38 |
About Rocket Companies Inc Class A
Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer technology brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk and Edison Financial. Since 1985, Rocket Companies has been obsessed with helping its clients achieve the American dream of home ownership and financial freedom.
Rocket Companies offers an industry-leading client experience powered by our simple, fast, and trusted digital solutions. Rocket Companies has 22,000 team members across the United States and Canada.
Its flagship company, Rocket Mortgage, has been named to Fortune magazine's list of '100 Best Companies to Work For' for 17 consecutive years.
News
Quick info
Industry
Savings Institutions
Sector
Finance and Insurance
Employees
2,020
CEO
Jay Farner
Website
www.rocketcompanies.com
Ticker Symbol
RKT
Exchange
New York Stock Exchange
Reporting Currency
USD
Rocket Companies Inc Class A income statements (2022) (USD)
| August 2022 | August 2022 | May 2022 | May 2022 | March 2022 | |
|---|---|---|---|---|---|
| Total Revenue | 1.44B | 1.44B | 2.71B | 2.71B | 3.29B |
| Cost of Revenue | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 1.44B | 1.44B | 2.71B | 2.71B | 3.29B |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| Selling General & Admin | 461.23M | 461.23M | 603.92M | 603.92M | 621.36M |
| Operating Expense | 1.36B | 1.36B | 1.65B | 1.65B | 2.44B |
| Operating Income | 78.52M | 78.52M | 1.06B | 1.06B | 855.35M |
| Other Income Expense Net | 0 | 0 | 0 | 0 | 0 |
| EBIT | 78.52M | 78.52M | 1.06B | 1.06B | 855.35M |
| Interest Income | 0 | 0 | 0 | 0 | 0 |
| Pretax Income | 78.52M | 78.52M | 1.06B | 1.06B | 855.35M |
| Income Tax | 18.76M | 18.76M | 25.85M | 25.85M | -9.97M |
| Minority Interest | 56.34M | 56.34M | 0.98B | 0.98B | 817.27M |
| Net Income | 3.42M | 3.42M | 53.74M | 53.74M | 47.98M |
| Net Income Basic | 3.42M | 3.42M | 53.74M | 53.74M | 47.98M |
Rocket Companies Inc Class A income statements (2021) (USD)
| November 2021 | August 2021 | August 2021 | May 2021 | May 2021 | March 2021 | |
|---|---|---|---|---|---|---|
| Total Revenue | 3.19B | 2.73B | 2.73B | 4.65B | 4.65B | 5.16B |
| Cost of Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 3.19B | 2.73B | 2.73B | 4.65B | 4.65B | 5.16B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling General & Admin | 629.88M | 569.50M | 569.50M | 612.26M | 612.26M | 569.50M |
| Operating Expense | 1.76B | 1.67B | 1.67B | 1.81B | 1.81B | 2.26B |
| Operating Income | 1.43B | 1.06B | 1.06B | 2.84B | 2.84B | 2.89B |
| Other Income Expense Net | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT | 1.43B | 1.06B | 1.06B | 2.84B | 2.84B | 2.89B |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Pretax Income | 1.43B | 1.06B | 1.06B | 2.84B | 2.84B | 2.89B |
| Income Tax | 32.83M | 24.05M | 24.05M | 65.83M | 65.83M | 49.29M |
| Minority Interest | 1.32B | 0.98B | 0.98B | 2.65B | 2.65B | 6.26B |
| Net Income | 75.38M | 61.15M | 61.15M | 123.70M | 123.70M | -3.42B |
| Net Income Basic | 75.38M | 61.15M | 61.15M | 123.70M | 123.70M | -3.42B |
Rocket Companies Inc Class A income statements (2020) (USD)
| November 2020 | September 2020 | July 2020 | |
|---|---|---|---|
| Total Revenue | 5.08B | 5.64B | 2.40B |
| Cost of Revenue | 0 | 0 | 0 |
| Gross Profit | 5.08B | 5.64B | 2.40B |
| Research & Development | 0 | 0 | 0 |
| Selling General & Admin | 531.26M | 490.69M | 411.56M |
| Operating Expense | 2.02B | 2.16B | 2.30B |
| Operating Income | 3.06B | 3.48B | 98.02M |
| Other Income Expense Net | 0 | 0 | 0 |
| EBIT | 3.06B | 3.48B | 98.02M |
| Interest Income | 0 | 0 | 0 |
| Pretax Income | 3.06B | 3.48B | 98.02M |
| Income Tax | 61.68M | 20.67M | 736K |
| Minority Interest | 2.94B | -436K | -441K |
| Net Income | 57.90M | 3.46B | 97.72M |
| Net Income Basic | 57.90M | 3.46B | 97.72M |
Rocket Companies Inc Class A balance sheet (2023) (USD)
| March 2023 | |
|---|---|
| Current Cash | 0 |
| Receivables | 463.67M |
| Inventory | 0 |
| Current Assets | 17.58B |
| Other Current Assets | 7.35B |
| Short Term Investments | 14.69B |
| Long Term Investments | 2.50B |
| Property/Plant Equipment | 274.19M |
| Good Will | N.A |
| Intangible Assets | 1.26B |
| Tangible Assets (Net) | -682.22M |
| Other Assets | 59.30M |
| Total Assets | 20.08B |
| Accounts Payable | 116.33M |
| Other Current Liabilities | 748.96M |
| Total Current Liabilities | 10.79B |
| Total Liabilities | 19.51B |
| Long Term Debt | 0 |
| Current Long Term Debt | 9.93B |
| Minority Interest | 7.90B |
| Common Stock | 121.80M |
| Treasury Stock | 0 |
| Retained Earnings | 300.39M |
| Capital Surplus | N.A |
| Shareholder Equity | 576.70M |
| Other Liabilities | N.A |
Rocket Companies Inc Class A balance sheet (2022) (USD)
| August 2022 | May 2022 | March 2022 | |
|---|---|---|---|
| Current Cash | 0 | 0 | 0 |
| Receivables | 9.80M | 441.57M | 517.96M |
| Inventory | 0 | 0 | 0 |
| Current Assets | 21.82B | 22.60B | 30.11B |
| Other Current Assets | 7.04B | 7.59B | 6.14B |
| Short Term Investments | 19.45B | 18.28B | 25.46B |
| Long Term Investments | 3.26B | 2.65B | 2.66B |
| Property/Plant Equipment | 271.31M | 260.04M | 254.38M |
| Good Will | N.A | N.A | N.A |
| Intangible Assets | 0 | 1.29B | 1.30B |
| Tangible Assets (Net) | 534.60M | -738.85M | -631.26M |
| Other Assets | 2.07B | 135.49M | 113.04M |
| Total Assets | 25.08B | 25.25B | 32.77B |
| Accounts Payable | 233.72M | 288.86M | 271.54M |
| Other Current Liabilities | 737.66M | 762.74M | 787.37M |
| Total Current Liabilities | 15.21B | 14.76B | 21.76B |
| Total Liabilities | 24.54B | 24.70B | 32.11B |
| Long Term Debt | 0 | 0 | 0 |
| Current Long Term Debt | 14.24B | 13.71B | 20.70B |
| Minority Interest | 8.24B | 8.15B | 9.09B |
| Common Stock | 118.80M | 122.69M | 132.84M |
| Treasury Stock | 0 | 0 | 0 |
| Retained Earnings | 308.90M | 305.79M | 378.01M |
| Capital Surplus | N.A | N.A | N.A |
| Shareholder Equity | 534.60M | 547.29M | 665.66M |
| Other Liabilities | N.A | N.A | N.A |
Rocket Companies Inc Class A balance sheet (2021) (USD)
| November 2021 | August 2021 | May 2021 | March 2021 | |
|---|---|---|---|---|
| Current Cash | 0 | 0 | 0 | 0 |
| Receivables | 465.01M | 439.18M | 353.41M | 653.65M |
| Inventory | 0 | 0 | 0 | 0 |
| Current Assets | 34.52B | 34.35B | 33.55B | 36.48B |
| Other Current Assets | 6.11B | 5.89B | 6.46B | 5.21B |
| Short Term Investments | 29.36B | 29.09B | 25.29B | 28.07B |
| Long Term Investments | 1.29B | 1.27B | 1.18B | 1.06B |
| Property/Plant Equipment | 253.89M | 242.60M | 232.16M | 211.16M |
| Good Will | N.A | N.A | N.A | N.A |
| Intangible Assets | 44.15M | 45.86M | 46.50M | 47.23M |
| Tangible Assets (Net) | 660.45M | 579.86M | 509.04M | 443.27M |
| Other Assets | 77.39M | 83.12M | 66.98M | 41.55M |
| Total Assets | 35.81B | 35.62B | 34.73B | 37.53B |
| Accounts Payable | 347.29M | 287.53M | 297.46M | 251.96M |
| Other Current Liabilities | 785.85M | 835.67M | 818.09M | 1.14B |
| Total Current Liabilities | 25.36B | 26.39B | 24.82B | 28.77B |
| Total Liabilities | 35.10B | 34.99B | 34.18B | 37.04B |
| Long Term Debt | 0 | 0 | 0 | 0 |
| Current Long Term Debt | 24.23B | 25.27B | 23.71B | 27.38B |
| Minority Interest | 8.48B | 7.56B | 7.75B | 7.39B |
| Common Stock | 137.66M | 136.14M | 115.67M | 40.80M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Retained Earnings | 336.59M | 261.35M | 184.94M | 207.42M |
| Capital Surplus | N.A | N.A | N.A | N.A |
| Shareholder Equity | 704.60M | 625.72M | 555.53M | 490.50M |
| Other Liabilities | N.A | N.A | N.A | N.A |
Rocket Companies Inc Class A balance sheet (2020) (USD)
| November 2020 | September 2020 | July 2020 | |
|---|---|---|---|
| Current Cash | 0 | 0 | 0 |
| Receivables | 13.07M | 17.03M | 23.29M |
| Inventory | 0 | 0 | 0 |
| Current Assets | 36.02B | 27.69B | 18.37B |
| Other Current Assets | 5.21B | 4.75B | 3.68B |
| Short Term Investments | 26.89B | 22.38B | 16.53B |
| Long Term Investments | 1.73B | 1.16B | 1.78B |
| Property/Plant Equipment | 208.03M | 192.17M | 179.11M |
| Good Will | N.A | N.A | N.A |
| Intangible Assets | 0 | 0 | 0 |
| Tangible Assets (Net) | 330.68M | 5.53B | -233.23M |
| Other Assets | 736.80M | 714.79M | 1.33B |
| Total Assets | 37.75B | 28.86B | 20.16B |
| Accounts Payable | 252.55M | 219.65M | 234.61M |
| Other Current Liabilities | 853.16M | 414.27M | 1.08B |
| Total Current Liabilities | 30.63B | 22.57B | 17.03B |
| Total Liabilities | 37.42B | 23.32B | 20.39B |
| Long Term Debt | 0 | 0 | 0 |
| Current Long Term Debt | 29.52B | 21.94B | 15.72B |
| Minority Interest | 6.03B | 3.08M | 4.26M |
| Common Stock | 106.27M | 150.32M | 150.32M |
| Treasury Stock | 0 | 0 | 0 |
| Retained Earnings | 57.57M | 0 | 0 |
| Capital Surplus | N.A | N.A | N.A |
| Shareholder Equity | 330.68M | 5.53B | -233.23M |
| Other Liabilities | N.A | N.A | N.A |
Rocket Companies Inc Class A cash flow (2023) (USD)
| March 2023 | |
|---|---|
| Net Income | -17.65M |
| Depreciation | 23.99M |
| Changes in Receivables | 463.67M |
| Changes in Inventories | 0 |
| Cash Change | 722.29M |
| Cash Flow | 1.22B |
| Capital Expenditures | -5.17M |
| Investments | N.A |
| Investing Activity (other) | N.A |
| Total Investing Cash Flows | 196.57M |
| Dividends Paid | N.A |
| Net Borrowings | -6.41B |
| Other Financing Cash Flows | N.A |
| Cash Flow Financing | -1.52B |
| Exchange Rate Effect | N.A |
Rocket Companies Inc Class A cash flow (2022) (USD)
| November 2022 | August 2022 | May 2022 | March 2022 | |
|---|---|---|---|---|
| Net Income | 6.91M | 3.42M | 53.74M | 47.98M |
| Depreciation | 24.21M | 24.78M | 21.04M | 19.24M |
| Changes in Receivables | 11.18M | 9.80M | 441.57M | 517.96M |
| Changes in Inventories | 0 | 0 | 0 | 0 |
| Cash Change | 825.93M | 0.92B | 2.31B | 2.13B |
| Cash Flow | 3.02B | -2.19B | 8.77B | 4.41B |
| Capital Expenditures | -25.02M | -36.2M | -26.74M | -19.74M |
| Investments | N.A | N.A | N.A | N.A |
| Investing Activity (other) | N.A | N.A | N.A | N.A |
| Total Investing Cash Flows | -26.35M | 189.79M | 218.73M | -1.17B |
| Dividends Paid | N.A | N.A | N.A | N.A |
| Net Borrowings | -7.3B | -6.58B | -6.05B | -6.68B |
| Other Financing Cash Flows | N.A | N.A | N.A | N.A |
| Cash Flow Financing | -3.08B | 594.25M | -8.82B | -3.4B |
| Exchange Rate Effect | N.A | N.A | N.A | N.A |
Rocket Companies Inc Class A cash flow (2021) (USD)
| November 2021 | August 2021 | May 2021 | March 2021 | |
|---|---|---|---|---|
| Net Income | 75.38M | 61.15M | 123.70M | -3.42B |
| Depreciation | 19.58M | 20.59M | 15.30M | 26.68M |
| Changes in Receivables | 465.01M | 439.18M | 353.41M | 653.65M |
| Changes in Inventories | 0 | 0 | 0 | 0 |
| Cash Change | 2.23B | 1.97B | 2.86B | 1.97B |
| Cash Flow | 779.49M | -3.72B | 6.27B | 1.98B |
| Capital Expenditures | -30.88M | -31.03M | -36.63M | -33.15M |
| Investments | N.A | N.A | N.A | N.A |
| Investing Activity (other) | N.A | N.A | N.A | N.A |
| Total Investing Cash Flows | 512.11M | 33.94M | -38.89M | 206.15M |
| Dividends Paid | N.A | N.A | N.A | N.A |
| Net Borrowings | -7.44B | -6.59B | -6.55B | -6.39B |
| Other Financing Cash Flows | N.A | N.A | N.A | N.A |
| Cash Flow Financing | -0.96B | 2.79B | -5.35B | -3.71B |
| Exchange Rate Effect | N.A | N.A | N.A | N.A |
Rocket Companies Inc Class A cash flow (2020) (USD)
| November 2020 | September 2020 | July 2020 | |
|---|---|---|---|
| Net Income | 57.90M | 3.46B | 97.72M |
| Depreciation | 15.33M | 16.19M | 16.12M |
| Changes in Receivables | 13.07M | 17.03M | 23.29M |
| Changes in Inventories | 0 | 0 | 0 |
| Cash Change | 3.49B | 1.72B | 1.09B |
| Cash Flow | -1.74B | -2.3B | 380.01M |
| Capital Expenditures | -30.97M | -42.22M | 0 |
| Investments | N.A | N.A | N.A |
| Investing Activity (other) | N.A | N.A | N.A |
| Total Investing Cash Flows | 104.36M | -3.95M | 210.64M |
| Dividends Paid | N.A | N.A | N.A |
| Net Borrowings | -2.92B | -3.93B | -1.48B |
| Other Financing Cash Flows | N.A | N.A | N.A |
| Cash Flow Financing | 3.36B | 1.79B | 314.59M |
| Exchange Rate Effect | N.A | N.A | N.A |
Rocket Companies Inc Class A dividends (USD)
| Ex date | Payment date | Record date | Declared date | Amount | Description | Frequency |
|---|---|---|---|---|---|---|
| 07-03-2022 | 22-03-2022 | 08-03-2022 | N.A | 1.01 | Ordinary Shares Class A | Unspecified |
| 08-03-2021 | 23-03-2021 | 09-03-2021 | N.A | 1.11 | Ordinary Shares Class A | Unspecified |
Total Valuation
Rocket Companies Inc Class A has a market cap or net worth of $15.30 billion. The enterprise value is $0.99 billion.
Market Cap
15.30B
Enterprise Value
0.99B
Important Dates
Earnings Date
Aug 3, 2023
Ex-Dividend Date
n.a
Share Statistics
Rocket Companies Inc Class A has 1.96 billion shares outstanding.
Shares Outstanding
1.96B
Float
n.a
Valuation Ratios
The trailing PE ratio is -38.2793 and the forward PE ratio is 312.4332. Rocket Companies Inc Class A's PEG ratio is 0.3373.
PE Ratio
-38.2793
Forward PE
312.4332
PS Ratio
0.2602
PB Ratio
1.7200
PEG Ratio
0.3373
Stock Price Statistics
The stock price has increased by 0.1129%. The beta is 1.7246, so Rocket Companies Inc Class A's price volatility has been higher than the market average.
Beta (1Y)
1.7246
52-Week Price Change
+0.1129%
50-Day Moving Average
8.58
200-Day Moving Average
8.42
Average Volume (30 Days)
1.98M
Income Statement
In the last 12 months, Rocket Companies Inc Class A had revenue of $3.80 billion and earned $3.80 billion in profits. Earnings per share was $-0.0131.
Revenue
3.80B
Gross Profit
3.80B
EBITDA
-632.87M
Earnings per Share
-0.0131
About
Ticker Symbol
RKT
Reporting Currency
USD
Key Executives
Farner Jay
Chief Executive Officer
Walters Robert D. Jr.
President & Chief Oper Officer
Brown Brian Nicholas
Chief Accounting Officer