Market Summary
USD8.13+0.34
Market Closed4.36%
RKT Stock Price
RKT RSI Chart
RKT Valuation
RKT Price/Sales (Trailing)
RKT Profitability
RKT Fundamentals
RKT Revenue
RKT Earnings
Price Action
52 Week Range
5.9711.38
(Low)(High)
Last 7 days
1.6%
Last 30 days
-8.7%
Last 90 days
1.3%
Trailing 12 Months
-14.1%
RKT Financial Health
RKT Investor Care
Peers (Alternatives to Rocket Companies)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AAPL | 2.8T | 385.1B | 4.49% | 18.85% | 29.56 | 7.24 | -0.24% | -7.47% |
MSFT | 2.5T | 207.6B | 7.79% | 21.82% | 35.69 | 11.87 | 7.81% | -4.74% |
GOOG | 1.6T | 284.6B | 15.17% | 10.50% | 27.07 | 5.57 | 5.28% | -21.40% |
AMZN | 1.2T | 524.9B | 15.37% | 5.66% | 290.64 | 2.38 | 9.87% | -79.95% |
| MID-CAP | ||||||||
JBLU | 2.2B | 9.8B | -4.62% | -37.18% | -7.47 | 0.23 | 38.47% | -57.37% |
NYMT | 889.9M | 257.0M | -5.06% | -6.87% | -4.36 | 3.46 | 19.36% | -403.67% |
| SMALL-CAP | ||||||||
TLRY | 1.6B | 596.3M | -7.75% | -62.41% | -0.89 | 2.66 | -3.41% | -3791.67% |
PLAY | 1.6B | 2.0B | -9.25% | -16.29% | 11.36 | 0.79 | 50.64% | 26.23% |
MFA | 1.1B | 508.3M | -1.59% | -14.37% | -14.13 | 2.11 | 31.13% | -147.30% |
GPRO | 735.5M | 1.1B | -1.40% | -39.63% | 25.5 | 0.67 | -10.44% | -101.73% |
BYND | 660.8M | 401.7M | -23.93% | -64.02% | -2.03 | 1.64 | -13.79% | -27.19% |
CGC | 413.3M | 478.9M | -34.59% | -82.58% | -0.13 | 0.86 | -31.50% | -634.70% |
NKLA | 362.5M | 60.1M | -31.11% | -91.52% | -0.45 | 6.04 | 695.64% | -10.68% |
INO | 155.0M | - | -23.61% | -70.35% | -0.64 | 15.11 | 478.23% | 26.48% |
Financials for Rocket Companies
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | -100.0% | 699 | 1,908 | 3,116 | 4,325 | |
| Gross Profit | -24.7% | 4,184 | 5,559 | 6,503 | - | - |
| S&GA Expenses | -8.9% | 826 | 906 | 1,026 | 1,135 | 1,168 |
| EBITDA | -56.8% | 1,033 | 2,389 | 3,711 | 4,675 | - |
| EBITDA Margin | 17.9% | 1.48* | 1.25* | 0.86* | 1.08* | - |
| Earnings Before Taxes | -199.3% | -736 | 742 | 2,103 | 3,422 | 4,404 |
| EBT Margin | -3.8% | 1.06* | 1.10* | 0.79* | 1.02* | - |
| Interest Expenses | -6.5% | 184 | 197 | 205 | 190 | - |
| Net Income | -34.2% | 31.00 | 46.00 | 1,151 | 1,220 | 2,197 |
| Net Income Margin | -89.0% | 0.07* | 0.60* | 0.04* | 0.06* | - |
| Free Cahsflow | -22.8% | 10,730 | 13,904 | 11,658 | 10,134 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | 5.6% | 21,202 | 20,082 | 22,601 | 25,077 | 25,248 |
| Cash Equivalents | 32.6% | 958 | 722 | 826 | 915 | 2,311 |
| Net PPE | -2.5% | 267 | 274 | 274 | 271 | 260 |
| Liabilities | 12.8% | 13,093 | 11,607 | 13,689 | 16,305 | 16,547 |
| Shareholder's Equity | -4.3% | 8,109 | 8,476 | 8,911 | 8,772 | 8,701 |
| Retained Earnings | -6.5% | 281 | 300 | 316 | 309 | 306 |
| Additional Paid-In Capital | 6.7% | 295 | 276 | 242 | 226 | 241 |
| Accumulated Depreciation | 2.7% | 616 | 600 | 582 | - | - |
| Shares Outstanding | 0.2% | 119 | 119 | 123 | - | - |
| Minority Interest | -4.6% | 7,534 | 7,899 | 8,353 | 8,238 | 8,154 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | -93.3% | 726 | 10,823 | 14,012 | 11,772 | 10,243 |
| Share Based Compensation | -1.7% | 212 | 216 | 208 | 193 | 177 |
| Cashflow From Investing | -27.7% | 419 | 579 | -789 | -251 | -407 |
| Cashflow From Financing | 79.9% | -2,572 | -12,823 | -14,708 | -12,587 | -10,388 |
| Buy Backs | -56.4% | 78.00 | 178 | 354 | 369 | 332 |
Risks for RKT
What is the probability of a big loss on RKT?
99.3%
Probability that Rocket Companies stock will be more than 20% underwater in next one year
91.9%
Probability that Rocket Companies stock will be more than 30% underwater in next one year.
58.8%
Probability that Rocket Companies stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does RKT drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Rocket Companies was unfortunately bought at previous high price.
Drawdowns
Returns for RKT
Cumulative Returns on RKT
Which funds bought or sold RKT recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-23 | BROOKFIELD Corp /ON/ | sold off | -100 | -1,540,660 | - | -% |
2023-05-22 | AMERIPRISE FINANCIAL INC | sold off | -100 | -105,000 | - | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | unchanged | - | 215,000 | 949,000 | -% |
2023-05-18 | JPMORGAN CHASE & CO | added | 7.84 | 288,060 | 1,016,060 | -% |
2023-05-17 | Advisory Services Network, LLC | added | 115 | 3,015 | 4,702 | -% |
2023-05-17 | Westside Investment Management, Inc. | unchanged | - | 3,991 | 14,626 | -% |
2023-05-17 | Sunbelt Securities, Inc. | new | - | 299 | 299 | -% |
2023-05-17 | VIRGINIA RETIREMENT SYSTEMS ET AL | new | - | 112,700 | 112,700 | -% |
2023-05-16 | MERCER GLOBAL ADVISORS INC /ADV | reduced | -3.84 | 1,251,000 | 6,366,000 | 0.03% |
2023-05-16 | SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | reduced | -59.52 | -1,157,640 | 1,274,050 | 0.03% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Rocket Companies News
Schedule 13G FIlings of Rocket Companies
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | caledonia (private) investments pty ltd | 8.70% | 10,595,154 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 8.91% | 10,856,327 | SC 13G/A | |
| Feb 02, 2023 | invesco ltd. | 5.0% | 6,140,927 | SC 13G/A | |
| Feb 15, 2022 | caledonia (private) investments pty ltd | 6.89% | 9,312,452 | SC 13G | |
| Feb 14, 2022 | invesco ltd. | 7.6% | 10,298,814 | SC 13G | |
| May 10, 2021 | invesco ltd. | 4.1% | 5,615,003 | SC 13G/A | |
| Feb 16, 2021 | caledonia (private) investments pty ltd | 8.29% | 9,548,827 | SC 13G | |
| Feb 12, 2021 | invesco ltd. | 9.3% | 10,692,985 | SC 13G/A | |
| Feb 10, 2021 | blackrock inc. | 4.8% | 5,506,751 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 5.50% | 6,343,101 | SC 13G |
RKT Fair Value
Recent SEC filings of Rocket Companies
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 10, 2023 | 10-Q | Quarterly Report | |
| May 04, 2023 | 8-K | Current Report | |
| Apr 26, 2023 | DEFA14A | DEFA14A | |
| Apr 26, 2023 | DEF 14A | DEF 14A | |
| Apr 26, 2023 | ARS | ARS | |
| Mar 13, 2023 | 8-K | Current Report | |
| Mar 08, 2023 | 4 | Insider Trading | |
| Mar 08, 2023 | 4 | Insider Trading | |
| Mar 06, 2023 | 4 | Insider Trading | |
| Mar 06, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for RKT
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-07 | Farner Jay | sold (taxes) | -799,339 | 8.23 | -97,125 | chief executive officer |
2023-03-07 | Brown Brian Nicholas | sold (taxes) | -199,849 | 8.23 | -24,283 | chief fin. officer & treasurer |
2023-03-03 | Brown Brian Nicholas | acquired | - | - | 260,417 | chief fin. officer & treasurer |
2023-03-03 | Emerson William C. | acquired | - | - | 694,444 | - |
2023-03-03 | John Tina V. | acquired | - | - | 202,546 | general counsel & secretary |
2023-03-03 | Walters Robert D. Jr. | acquired | - | - | 347,222 | president & chief oper officer |
2022-12-27 | Rizik Matthew | bought | 13,900 | 6.95 | 2,000 | - |
2022-12-23 | Rizik Matthew | bought | 21,170 | 7.3 | 2,900 | - |
2022-12-22 | Rizik Matthew | bought | 21,930 | 7.31 | 3,000 | - |
2022-12-21 | Rizik Matthew | bought | 21,308 | 7.61 | 2,800 | - |
Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and e-Commerce businesses in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to online car purchasing platforms; and Rocket Loans, an online-based personal loans business. It also offer Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Rocket Solar, which connect homeowners with digital financing solutions through a team of trained solar advisors; Truebill, a personal finance app that helps clients manage every aspect of their financial lives; Lendesk, a technology services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; and Edison Financial, a digital mortgage broker. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings, Inc.
RKT Income Statement
2023-03-31Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($) $ in Thousands | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| Gain on sale of loans | ||
| Gain on sale of loans excluding fair value of MSRs, net | $ 265,003 | $ 687,170 |
| Fair value of originated MSRs | 204,560 | 796,616 |
| Gain on sale of loans, net | 469,563 | 1,483,786 |
| Loan servicing (loss) income | ||
| Servicing fee income | 366,385 | 366,214 |
| Change in fair value of MSRs | (398,279) | 454,380 |
| Loan servicing (loss) income, net | (31,894) | 820,594 |
| Interest income | ||
| Interest income | 66,744 | 90,540 |
| Interest expense on funding facilities | (29,060) | (41,696) |
| Interest income, net | 37,684 | 48,844 |
| Other income | 190,715 | 317,372 |
| Total revenue, net | 666,068 | 2,670,596 |
| Expenses | ||
| Salaries, commissions and team member benefits | 603,775 | 853,915 |
| General and administrative expenses | 195,390 | 275,857 |
| Marketing and advertising expenses | 181,604 | 328,058 |
| Depreciation and amortization | 30,685 | 21,042 |
| Interest and amortization expense on non-funding debt | 38,333 | 38,664 |
| Other expenses | 32,268 | 90,603 |
| Total expenses | 1,082,055 | 1,608,139 |
| (Loss) income before income taxes | (415,987) | 1,062,457 |
| Benefit from (provision for) income taxes | 4,504 | (25,849) |
| Net (loss) income | (411,483) | 1,036,608 |
| Net loss (income) attributable to non-controlling interest | 392,960 | (982,896) |
| Net (loss) income attributable to Rocket Companies | $ (18,523) | $ 53,712 |
| (Loss) earnings per share of Class A common stock | ||
| Basic (in dollars per share) | $ (0.15) | $ 0.44 |
| Diluted (in dollars per share) | $ (0.16) | $ 0.40 |
| Weighted average shares outstanding | ||
| Basic (in shares) | 124,732,722 | 122,691,728 |
| Diluted (in shares) | 1,974,629,808 | 1,975,379,132 |
| Comprehensive income (loss) | ||
| Net (loss) income | $ (411,483) | $ 1,036,608 |
| Cumulative translation adjustment | 7 | 588 |
| Unrealized loss on investment securities | (1,589) | (1,495) |
| Comprehensive (loss) income | (413,065) | 1,035,701 |
| Comprehensive loss (income) attributable to non-controlling interest | 394,441 | (982,049) |
| Comprehensive (loss) income attributable to Rocket Companies | $ (18,624) | $ 53,652 |
RKT Balance Sheet
2023-03-31Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 893,383 | $ 722,293 |
| Restricted cash | 64,307 | 66,806 |
| Mortgage loans held for sale, at fair value | 8,438,714 | 7,343,475 |
| Mortgage servicing rights (“MSRs”), at fair value | 6,669,939 | 6,946,940 |
| Notes receivable and due from affiliates | 8,073 | 10,796 |
| Property and equipment, net of accumulated depreciation and amortization of $486,940 and $463,262, respectively | 267,320 | 274,192 |
| Deferred tax asset, net | 541,248 | 537,963 |
| Lease right of use assets | 391,897 | 366,189 |
| Loans subject to repurchase right from Ginnie Mae | 1,626,587 | 1,642,392 |
| Goodwill and intangible assets, net | 1,253,309 | 1,258,928 |
| Other assets | 860,289 | 799,159 |
| Total assets | 21,202,279 | 20,082,212 |
| Liabilities | ||
| Funding facilities | 5,236,034 | 3,548,699 |
| Other financing facilities and debt | ||
| Senior Notes, net | 4,029,339 | 4,027,970 |
| Early buy out facility | 423,831 | 672,882 |
| Accounts payable | 135,039 | 116,331 |
| Lease liabilities | 448,331 | 422,769 |
| Forward commitments, at fair value | 87,918 | 25,117 |
| Investor reserves | 107,134 | 110,147 |
| Notes payable and due to affiliates | 30,451 | 33,463 |
| Tax receivable agreement liability | 577,996 | 613,693 |
| Loans subject to repurchase right from Ginnie Mae | 1,626,587 | 1,642,392 |
| Other liabilities | 390,274 | 393,200 |
| Total liabilities | 13,092,934 | 11,606,663 |
| Equity | ||
| Additional paid-in capital | 294,718 | 276,221 |
| Retained earnings | 280,997 | 300,394 |
| Accumulated other comprehensive (loss) income | (32) | 69 |
| Non-controlling interest | 7,533,642 | 7,898,845 |
| Total equity | 8,109,345 | 8,475,549 |
| Total liabilities and equity | 21,202,279 | 20,082,212 |
| Class A common stock | ||
| Equity | ||
| Common stock | 1 | 1 |
| Class B common stock | ||
| Equity | ||
| Common stock | 0 | 0 |
| Class C common stock | ||
| Equity | ||
| Common stock | 0 | 0 |
| Class D common stock | ||
| Equity | ||
| Common stock | 19 | 19 |
| IRLCs | ||
| Assets | ||
| Derivatives, at fair value | 182,112 | 90,635 |
| Forward commitments | ||
| Assets | ||
| Derivatives, at fair value | $ 5,101 | $ 22,444 |