RKT Q2 2023 Earnings — Rocket Companies, Inc. Revenue & Financial Results | Market Cap Arena

RKTRocket Companies, Inc.

$45B

Q2 2023 Earnings

Financial Services Financial - Mortgages

Income Statement

Revenue

$1.3B-9.7% YoY

Gross Profit

$1.2B92.4% margin

Operating Income

$138M10.7% margin

Net Income

$7M0.6% margin

EPS (Diluted)

$0.00

QoQ Revenue Growth

+84.8%

Cash Flow

Operating Cash Flow

-$281M

Free Cash Flow

-$299M

Stock-Based Comp.

$51M

Balance Sheet

Total Assets

$20.9B

Total Liabilities

$12.5B

Stockholders' Equity

$591M

Cash & Equivalents

$883M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.3B	$1.4B	-9.7%
Gross Profit	$1.2B	$1.4B	-11.5%
Operating Income	$138M	$79M	+76.2%
Net Income	$7M	$3M	+117.8%

Revenue Segments

Direct To Customer Segment

$1.0B89%

Partner Network Segment

$129M11%