Earnings release
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Grew revenue , net to $ 4.6 billion , up 236 % year - over - year Increased Adjusted Revenue to $ 4.0 billion , up 91 % year - over - year¹ Grew net income to $ 2.8 billion , up 28x year - over - year Increased Adjusted Net Income to $ 1.8 billion , up 170 % year - over - year¹ Rocket Companies Announces First Quarter Results DETROIT , May 5 , 2021 - Rocket Companies , Inc. ( NYSE : RKT ) ( " Rocket Companies " or the " Company " ) , a Detroit - based holding company consisting of tech - driven real estate , mortgage and eCommerce businesses - including Rocket Mortgage , Amrock , Rocket Homes and Rocket Auto - today announced results for the quarter . Jay Farner , Rocket Companies ' Vice Chairman and CEO , stated , " The combination of our technology platform and Rocket Cloud Force of highly trained professionals , continues to deliver scalability and a client experience that is unmatched . In fact , this was the sixth consecutive quarter where our team was able to double the company's home loan volume year over - year . While the mortgage business continues to perform - with March producing our highest - ever purchase application volume - we also had success in our other verticals . Rocket Auto increased the number of vehicles it sold 65 % compared to this time last year , Amrock achieved its highest level of closings in company history with an increase of 110 % from the first quarter of 2020 and Rocket Homes increased the average monthly visitors on its website by more than 300 % versus Q1 last year . Our flywheel only continues to accelerate as we look forward to the second quarter and the rest of 2021. " First Quarter Financial Summary¹ ROCKET COMPANIES ( Units in ' 000s , $ amounts in millions , except per share ) Total revenue , net Total expenses Net come Adjusted Revenue Adjusted Net Income Adjusted EBITDA GAAP Diluted EPS Adjusted Diluted EPS ROCKET Companies 1 $ $ $ $ 4,584 $ 1,741 $ 2,777 $ $ $ Q1-21 ( Unaudited ) 4,040 $ 1,771 $ 2,407 $ Q1-20 1.07 0.89 1,366 1,266 99 2,110 656 922 N / A N / A 1 " GAAP " stands for Generally Accepted Accounting Principles in the U.S. On August 6 , 2020 , Rocket Companies ' stock began trading on the NYSE and it did not have any shares outstanding or calculations of earnings per share for any periods prior to this date . Please see the sections of this document titled " Non - GAAP Financial Measures " and " GAAP to non - GAAP Reconciliations " for more information on the Company's non - GAAP measures and its share count . Certain figures in the tables throughout this document may not foot due to rounding .