Rocket Companies, Inc. (RKT) a Detroit-based fintech platform including mortgage, real estate and personal finance businesses, Thursday reported net income attributable to the company of $33.9 million for the fourth quarter of 2024, compared to a net loss of $10.6 million in the same period last year.
Earnings per share were $0.23, up from a loss of $0.09 per share a year earlier. Adjusted net income was $85 million, an improvement from a loss of $6 million in the prior-year quarter.
Total revenue rose to $1.77 billion, a substantial increase from $693.8 million in the prior-year quarter, driven by higher gains on loan sales and improved loan servicing income.
Looking ahead, the company expects adjusted revenue between $1.175 billion and $1.325 billion for the first quarter of 2025.
RKT closed Thursday's trading at $12.83 down 1.91 percent or $0.25 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.