Rocket Companies (RKT) Revenue & Revenue Breakdown
Rocket Companies Revenue Highlights
Latest Revenue (Y)
$3.61B
Latest Revenue (Q)
$1.15B
Main Segment (Y)
Subscription Revenue
Rocket Companies Revenue by Period
Rocket Companies Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $3.61B | -36.42% |
| 2022-12-31 | $5.68B | -55.18% |
| 2021-12-31 | $12.68B | -18.43% |
| 2020-12-31 | $15.55B | 212.04% |
| 2019-12-31 | $4.98B | 22.15% |
| 2018-12-31 | $4.08B | 0.19% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $1.15B | -0.56% |
| 2024-03-31 | $1.16B | 35.31% |
| 2023-12-31 | $854.25M | -26.66% |
| 2023-09-30 | $1.16B | -2.76% |
| 2023-06-30 | $1.20B | 90.83% |
| 2023-03-31 | $627.74M | 41.87% |
| 2022-12-31 | $442.46M | -64.78% |
| 2022-09-30 | $1.26B | -7.22% |
| 2022-06-30 | $1.35B | -48.55% |
| 2022-03-31 | $2.63B | 6.69% |
| 2021-12-31 | $2.47B | -19.92% |
| 2021-09-30 | $3.08B | 16.97% |
| 2021-06-30 | $2.63B | -42.10% |
| 2021-03-31 | $4.55B | -1.48% |
| 2020-12-31 | $4.62B | 0.45% |
| 2020-09-30 | $4.60B | -8.15% |
| 2020-06-30 | $5.00B | 275.19% |
| 2020-03-31 | $1.33B | -29.55% |
| 2019-12-31 | $1.89B | 19.26% |
| 2019-09-30 | $1.59B | 75.51% |
| 2019-06-30 | $904.46M | 51.07% |
| 2019-03-31 | $598.69M | - |
Rocket Companies generated $1.15B in revenue during Q2 2024, up -0.56% compared to the previous quarter, and up 183.10% compared to the same period a year ago.
Rocket Companies Revenue Breakdown
Rocket Companies Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|
| Service | $8.01M | $12.11M | $12.75M | $10.88M |
| Real Estate Network Referral | $49.67M | $48.21M | $54.18M | $42.78M |
| 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 |
| 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/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Subscription Revenue | $60.59M | $50.14M | $46.45M | $42.99M | $39.19M | $33.77M | $32.65M | $26.18M | $25.75M | - | - | - | - | - | - | - |
| Real Estate Network Referral | $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 |
| Appraisal Revenue | $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 |
| Closing Fees | $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 |
| 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 |
| 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 |
| 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 Mar 24: Subscription Revenue (59.50%), Closing Fees (21.13%), Real Estate Network Referral (10.67%), and Appraisal Revenue (8.70%).
Rocket Companies Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| GHI | Greystone Housing Impact Investors LP | $104.90B | $21.97B |
| RKT | Rocket Companies | $3.61B | $1.15B |
| COOP | Mr. Cooper Group | $1.79B | $583.00M |
| PFSI | PennyMac Financial Services | $1.40B | $887.09M |
| UWMC | UWM | $1.31B | $507.09M |
| LDI | loanDepot | $1.29B | $361.86M |
| ECPG | Encore Capital Group | $1.22B | $355.29M |
| OCN | Ocwen Financial | $1.07B | $239.10M |
| GHLD | Guild Company | $718.13M | $285.69M |
| VEL | Velocity Financial | $376.69M | - |
| SNFCA | Security 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 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). The company'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). RKT's quarterly revenue for Q4 2023 was $854.25M, a -26.66% decrease from the previous quarter (Q3 2023), and a 93.07% increase year-over-year (Q4 2022).
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 Service, Real Estate Network Referral, Closing Fees, Contact Center, Core Digital Media Lead Generation Revenue, Subscription Revenue, and Appraisal Revenue. Service generated $8.01M in revenue, accounting 2.23% of the company's total revenue, down -33.86% 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. 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. 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.