RKT Q1 2024 Earnings — Rocket Companies, Inc. Revenue & Financial Results | Market Cap Arena

RKTRocket Companies, Inc.

$45B

Q1 2024 Earnings

Financial Services Financial - Mortgages

Income Statement

Revenue

$1.4B+104.7% YoY

Gross Profit

$1.3B93.7% margin

Operating Income

$298M20.8% margin

Net Income

$16M1.1% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

+86.1%

Cash Flow

Operating Cash Flow

-$3.0B

Free Cash Flow

-$3.0B

Stock-Based Comp.

$31M

Balance Sheet

Total Assets

$22.2B

Total Liabilities

$13.6B

Stockholders' Equity

$651M

Cash & Equivalents

$861M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$701M	+104.7%
Gross Profit	$1.3B	$628M	+114.3%
Operating Income	$298M	-$416M	+171.7%
Net Income	$16M	-$19M	+187.5%

Revenue Segments

Direct To Customer Segment

$1.1B87%

Partner Network Segment

$170M13%