Rocket Companies, Inc. (NYSE: RKT)

Rocket Companies is a Detroit based fintech company that operates a mortgage real estate and personal finance platform with the mission to Help Everyone Home. The company provides an AI driven vertically integrated homeownership ecosystem that covers home search mortgage finance and servicing title and closing financial wellness and personal loans. Its flagship business Rocket Mortgage is the nation's largest mortgage originator by loan volume and the nation's largest mortgage servicer with a portfolio unpaid principal balance of $2.1 trillion as of December 31 2025. Rocket Companies also owns Redfin a digital real estate brokerage Rocket Close a title and settlement provider Rocket Money a personal finance app and Rocket Loans a personal loan lender.

Rocket Companies generates revenue primarily from gain on sale of loans loan servicing income interest income and other income. The gain on sale of loans comes from the origination and sale of mortgage loans. While loans are held for sale the company earns interest income from borrowers which is partially offset by funding costs. Loan servicing income provides recurring cash flows from servicing mortgages including fees for late payments and modifications. Other income includes deposit income from custodial accounts revenue from Rocket Close title and closing services subscription fees from Rocket Money revenue from Redfin real estate services and interest income from Rocket Loans.

The company operates through the following segments: Direct to Consumer and Partner Network.

• Direct to Consumer channel allows customers to interact with Rocket Mortgage digitally or through mortgage bankers and is supported by brand campaigns and performance marketing efforts.

• Partner Network includes the Wholesale channel where independent mortgage professionals access Rocket technology loan products and operational support the Premier Enterprise Partner channel that works with financial institutions and consumer focused companies to offer mortgage solutions and the Correspondent channel that purchases loans from third party originators and institutions using Rocket underwriting and secondary market capabilities.

Rocket Companies holds a leading position in the US mortgage market as the largest originator by loan units and the largest servicer with over $2 trillion in loans under management. The company benefits from a strong brand recognized for speed simplicity and trust and from its AI driven technology platform that provides data analytics and process automation. Competitors include large banks independent mortgage firms and other fintech lenders but Rocket Companies differentiates itself through vertical integration high customer retention rates and a comprehensive suite of homeownership services.

Rocket Companies serves retail borrowers seeking mortgages home buyers and sellers using its real estate platform real estate agents who partner with Redfin mortgage brokers and financial institutions that work through the Wholesale and Correspondent channels and consumers looking for personal loans or financial management tools through Rocket Money and Rocket Loans.