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Rocket Companies (RKT) Revenue & Revenue Breakdown

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Rocket Companies Revenue Highlights

Latest Revenue (Y)

$5.10B

Latest Revenue (Q)

$646.95M

Main Segment (Y)

Subscription Revenue

Rocket Companies Revenue by Period

Rocket Companies Revenue by Year

DateRevenueChange
2024-12-31$5.10B41.12%
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 $5.10B in revenue during NA 2024, up 41.12% compared to the previous quarter, and up 102.36% 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 24Dec 23Dec 22Dec 21Dec 20
Appraisal Revenue$35.53M$39.91M$65.08M$96.47M$78.67M
Closing Fees$106.45M$77.90M$157.85M$506.69M$457.70M
Real Estate Network Referral$53.55M$49.67M$48.21M$54.18M$42.78M
Subscription Revenue$266.94M$178.77M$118.34M--
Contact Center-$902.00K$17.48M$45.48M$27.90M
Service-$8.01M$12.11M$12.75M$10.88M
Core Digital Media Lead Generation Revenue-$4.61M$9.05M$27.70M$24.23M

Rocket Companies's latest annual revenue breakdown by segment (product or service), as of Dec 24: Subscription Revenue (57.72%), Closing Fees (23.02%), Real Estate Network Referral (11.58%), and Appraisal Revenue (7.68%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
Appraisal Revenue$17.45M$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
Subscription Revenue$140.40M$65.95M$60.59M$50.14M$46.45M$42.99M$39.19M$33.77M$32.65M$26.18M$25.75M-------
Real Estate Network Referral$28.32M$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$55.71M$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
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
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

Rocket Companies's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Subscription Revenue (58.05%), Closing Fees (23.03%), Real Estate Network Referral (11.71%), and Appraisal Revenue (7.22%).

Rocket Companies Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
GHIGreystone Housing Impact Investors LP$91.27B$24.72M
RKTRocket Companies$5.10B$646.95M
COOPMr. Cooper Group$2.23B$424.00M
UWMCUWM$2.16B$622.41M
PFSIPennyMac Financial Services$1.59B$411.83M
ECPGEncore Capital Group$1.32B$340.79M
LDIloanDepot$1.06B$340.51M
GHLDGuild$1.05B$159.26M
SNFCASecurity National Financial$318.50M$88.27M
VELVelocity Financial--

RKT Revenue FAQ

What is Rocket Companies’s yearly revenue?

Rocket Companies's yearly revenue for 2024 was $5.1B, representing an increase of 41.12% compared to 2023. The company's yearly revenue for 2023 was $3.61B, representing a decrease of -36.42% compared to 2022. RKT's yearly revenue for 2022 was $5.68B, representing a decrease of -55.18% compared to 2021.

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 (2022-2024) was -10.27%, and for the last 5 years (2020-2024) was -67.20%.

What are Rocket Companies’s revenue streams?

Rocket Companies's revenue streams in c 24 are Appraisal Revenue, Closing Fees, Real Estate Network Referral, and Subscription Revenue. Appraisal Revenue generated $35.53M in revenue, accounting 7.68% of the company's total revenue, down -10.97% year-over-year. Closing Fees generated $106.45M in revenue, accounting 23.02% of the company's total revenue, up 36.65% year-over-year. Real Estate Network Referral generated $53.55M in revenue, accounting 11.58% of the company's total revenue, up 7.81% year-over-year. Subscription Revenue generated $266.94M in revenue, accounting 57.72% of the company's total revenue, up 49.32% year-over-year.

What is Rocket Companies’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Rocket Companies was Subscription Revenue. This segment made a revenue of $266.94M, representing 57.72% of the company's total revenue.