RKT Q2 2024 Earnings — Rocket Companies, Inc. Revenue & Financial Results | Market Cap Arena

RKTRocket Companies, Inc.

$45B

Q2 2024 Earnings

Financial Services Financial - Mortgages

Income Statement

Revenue

$1.4B+6.7% YoY

Gross Profit

$1.3B91.3% margin

Operating Income

$192M13.9% margin

Net Income

$1M0.1% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

-3.7%

Cash Flow

Operating Cash Flow

-$122M

Free Cash Flow

-$453M

Stock-Based Comp.

$39M

Balance Sheet

Total Assets

$23.6B

Total Liabilities

$14.8B

Stockholders' Equity

$659M

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.4B	$1.3B	+6.7%
Gross Profit	$1.3B	$1.2B	+5.4%
Operating Income	$192M	$138M	+38.8%
Net Income	$1M	$7M	-82.6%

Revenue Segments

Direct To Customer Segment

$981M84%

Partner Network Segment

$188M16%