Rocket Companies, Inc. Reports $649 Million Quarterly Profit
The company records $1.8 billion revenue for Q4 ended Dec 31, 2024
Rocket Companies, Inc. [RKT] reported $649 million profit for Q4 ended Dec 31, 2024, having made a loss of $233 million in the same quarter of the previous year.
The company revealed in its 8-K filing to the SEC dated Feb 27, 2025 t hat it generated revenue of $1.8 billion for the period, compared with $694 million Q4 a year ago.
Based in Detroit, Michigan, the company reported $0.23 earnings per share for the period, compared to $0.09 a year ago.
The company's CEO and Director Varun Krishna said 2024 "was a foundational year for the next chapter" of Rocket. "We expanded our purchase market share, drove significant operating leverage, and continued building the future of homeownership. I am proud of our team's strong execution which delivered $4.9 billion in adjusted revenue, a 30% year-over-year increase - demonstrating the power of our AI-driven platform" said Krishna.
"We have momentum heading into 2025 with the launch of our unified Rocket brand and Rocket.com platform. We're well-positioned to help even more Americans find their path to homeownership."
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