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Rocket Companies (RKT) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Rocket Companies Revenue Highlights

Latest Revenue (Y)

$3.61B

Latest Revenue (Q)

$646.95M

Main Segment (Y)

Subscription Revenue

Rocket Companies Revenue by Period

Rocket Companies Revenue by Year

DateRevenueChange
2023-12-31$3.61B-36.42%
2022-12-31$5.68B-55.18%
2021-12-31$12.68B-18.43%
2020-12-31$15.55B212.04%
2019-12-31$4.98B22.15%
2018-12-31$4.08B0.19%
2017-12-31$4.07B-

Rocket Companies generated $3.61B in revenue during NA 2023, up -36.42% compared to the previous quarter, and up 88.60% compared to the same period a year ago.

Rocket Companies Revenue by Quarter

DateRevenueChange
2024-09-30$646.95M-43.71%
2024-06-30$1.15B-0.56%
2024-03-31$1.16B35.31%
2023-12-31$854.25M-26.66%
2023-09-30$1.16B-2.76%
2023-06-30$1.20B90.83%
2023-03-31$627.74M41.87%
2022-12-31$442.46M-64.78%
2022-09-30$1.26B-7.22%
2022-06-30$1.35B-48.55%
2022-03-31$2.63B6.69%
2021-12-31$2.47B-19.92%
2021-09-30$3.08B16.97%
2021-06-30$2.63B-42.10%
2021-03-31$4.55B-1.48%
2020-12-31$4.62B0.45%
2020-09-30$4.60B-8.15%
2020-06-30$5.00B275.19%
2020-03-31$1.33B-29.55%
2019-12-31$1.89B19.26%
2019-09-30$1.59B75.51%
2019-06-30$904.46M51.07%
2019-03-31$598.69M-

Rocket Companies generated $646.95M in revenue during Q3 2024, up -43.71% compared to the previous quarter, and up 54.01% compared to the same period a year ago.

Rocket Companies Revenue Breakdown

Rocket Companies Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20
Closing Fees$77.90M$157.85M$506.69M$457.70M
Contact Center$902.00K$17.48M$45.48M$27.90M
Core Digital Media Lead Generation Revenue$4.61M$9.05M$27.70M$24.23M
Real Estate Network Referral$49.67M$48.21M$54.18M$42.78M
Service$8.01M$12.11M$12.75M$10.88M
Subscription Revenue$178.77M$118.34M--
Appraisal Revenue$39.91M$65.08M$96.47M$78.67M

Rocket Companies's latest annual revenue breakdown by segment (product or service), as of Dec 23: Subscription Revenue (49.69%), Closing Fees (21.65%), Real Estate Network Referral (13.81%), Appraisal Revenue (11.09%), Service (2.23%), Core Digital Media Lead Generation Revenue (1.28%), and Contact Center (0.25%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
Subscription Revenue$65.95M$60.59M$50.14M$46.45M$42.99M$39.19M$33.77M$32.65M$26.18M$25.75M-------
Real Estate Network Referral$14.36M$10.87M$12.08M$16.84M$13.78M$6.97M$9.29M$12.65M$14.87M$11.40M$14.40M$16.07M$14.13M$9.58M$9.32M$13.63M$11.84M
Closing Fees$29.23M$21.51M$18.43M$21.17M$20.81M$17.49M$18.41M$24.53M$37.93M$76.98M$111.18M$120.38M$117.96M$157.17M$155.44M$122.73M$106.04M
Appraisal Revenue$9.22M$8.86M$6.81M$8.28M$12.95M$11.87M$12.82M$14.95M$15.29M$22.02M$27.68M$23.22M$23.08M$22.49M$19.62M$20.66M$20.78M
Service--$1.34M$2.20M$2.28M$2.19M$2.97M$3.03M$3.11M$3.00M$2.57M$3.43M$3.20M$3.55M$3.73M$3.53M$1.92M
Core Digital Media Lead Generation Revenue--$1.23M$1.28M$1.04M$1.06M$743.00K$1.39M$2.45M$4.46M$5.15M$7.78M$8.08M$6.68M$5.41M$5.75M$5.50M
Contact Center--$78.00K$115.00K$187.00K$522.00K$1.97M$2.35M$3.84M$9.31M$10.72M$10.85M$12.29M$11.63M$8.50M$6.25M$5.82M

Rocket Companies's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Subscription Revenue (55.53%), Closing Fees (24.61%), Real Estate Network Referral (12.09%), and Appraisal Revenue (7.76%).

Rocket Companies Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
GHIGreystone Housing Impact Investors LP$104.90B$24.72M
RKTRocket Companies$3.61B$646.95M
COOPMr. Cooper Group$1.79B$424.00M
PFSIPennyMac Financial Services$1.40B$411.83M
UWMCUWM$1.31B$622.41M
LDIloanDepot$1.29B$340.51M
ECPGEncore Capital Group$1.22B$340.79M
OCNOcwen Financial$1.07B$239.10M
GHLDGuild Company$718.13M$159.26M
VELVelocity Financial$376.69M-
SNFCASecurity National Financial$318.50M$81.19M

RKT Revenue FAQ

What is Rocket Companies’s yearly revenue?

Rocket Companies's yearly revenue for 2023 was $3.61B, representing a decrease of -36.42% compared to 2022. The company's yearly revenue for 2022 was $5.68B, representing a decrease of -55.18% compared to 2021. RKT's yearly revenue for 2021 was $12.68B, representing a decrease of -18.43% compared to 2020.

What is Rocket Companies’s quarterly revenue?

Rocket Companies's quarterly revenue for Q3 2024 was $646.95M, a -43.71% decrease from the previous quarter (Q2 2024), and a -44.46% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $1.15B, a -0.56% decrease from the previous quarter (Q1 2024), and a -4.05% decrease year-over-year (Q2 2023). RKT's quarterly revenue for Q1 2024 was $1.16B, a 35.31% increase from the previous quarter (Q4 2023), and a 84.13% increase year-over-year (Q1 2023).

What is Rocket Companies’s revenue growth rate?

Rocket Companies's revenue growth rate for the last 3 years (2021-2023) was -71.50%, and for the last 5 years (2019-2023) was -27.46%.

What are Rocket Companies’s revenue streams?

Rocket Companies's revenue streams in c 23 are Closing Fees, Contact Center, Core Digital Media Lead Generation Revenue, Real Estate Network Referral, Service, Subscription Revenue, and Appraisal Revenue. Closing Fees generated $77.9M in revenue, accounting 21.65% of the company's total revenue, down -50.65% year-over-year. Contact Center generated $902K in revenue, accounting 0.25% of the company's total revenue, down -94.84% year-over-year. Core Digital Media Lead Generation Revenue generated $4.61M in revenue, accounting 1.28% of the company's total revenue, down -49.06% year-over-year. Real Estate Network Referral generated $49.67M in revenue, accounting 13.81% of the company's total revenue, up 3.03% year-over-year. Service generated $8.01M in revenue, accounting 2.23% of the company's total revenue, down -33.86% year-over-year. Subscription Revenue generated $178.77M in revenue, accounting 49.69% of the company's total revenue, up 51.06% year-over-year. Appraisal Revenue generated $39.91M in revenue, accounting 11.09% of the company's total revenue, down -38.68% year-over-year.

What is Rocket Companies’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Rocket Companies was Subscription Revenue. This segment made a revenue of $178.77M, representing 49.69% of the company's total revenue.