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Income Statement (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Revenue | 1.77B | 16% |
| Gross Profit | 1.04B | 2016.8% |
| Cost of Revenue | 1.06B | 4.5% |
| Operating expense | 438M | 2.7% |
| Net Income | 34M | 253.9% |
| EBITDA | 633M | 233% |
Balance Sheet (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Total Assets | 24.5B | 2.4% |
| Total Liabilities | 15.5B | 7.7% |
| Total Equity | 9.04B | 8.3% |
| Shares Outstanding | 146M | 2.8% |
Cash Flow (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.84B | 237.8% |
| Cash from investing | -36M | 84.8% |
| Cash from financing | -1.77B | 219% |
EPS
Financial Highlights for Rocket Companies in Q4 '24
Rocket Companies reported a revenue of 1.77B, which is a 16% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.04B, marking a 2016.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.06B, a -4.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 438M, showing a -2.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 34M, showing a 253.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 633M, showing a 233% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Rocket Companies with growth in revenue, gross profit, and net income.
