Page 1

Rocket Companies Announces Second Quarter Results ROCKET Companies • Achieved record purchase closed loan origination volume , nearly doubling year - over - year Fourth consecutive quarter of meeting or exceeding guidance for closed loan , net rate lock volume , and gain on sale margins Generated revenue , net of $ 2.7 billion and Adjusted Revenue of $ 2.8 billion¹ Delivered net income of $ 1.0 billion and Adjusted Net Income of $ 0.9 billion¹ DETROIT , August 12 , 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 , Rocket Homes , Amrock and Rocket Auto ― today announced results for second quarter of 2021 . " Our mortgage , real estate , auto and personal finance brands , powered by the tech - driven Rocket platform , delivered a strong second quarter , ” said Jay Farner , Vice Chairman and CEO of Rocket Companies . " Our record purchase mortgage volume puts us well on the path to our goal of becoming the largest retail home purchase lender in the nation by the end of 2023. That strong momentum will carry us into the second half of the year , as we expect our 2021 mortgage origination closed loan volume to exceed 2020's record performance of $ 320 billion . Our newer businesses Rocket Homes , Rocket Auto and solar program leverage our existing platform and represent significant growth opportunities . " Second Quarter Financial Summary¹ ROCKET COMPANIES ( Units in ' 000s , $ amounts in millions , except per share ) Q2-21 Q2-20 ( Unaudited ) Q2-19 YTD 21 YTD 20 ( Unaudited ) YTD 19 Total revenue , net $ 2,669 $ 5,036 $ 937 $ Total expenses $ 1,608 $ 1,550 $ 990 $ Net income ( loss ) $ 1,037 $ 3,464 $ ( 53 ) $ 7,253 $ 3,349 $ 3,814 $ 6,402 $ 1,569 2,816 $ 1,921 3,563 $ ( 352 ) Adjusted Revenue $ 2,790 $ 5,310 $ 1,328 $ 6,830 $ 7,420 $ 2,281 Adjusted Net Income 920 $ 2,851 $ 261 $ Adjusted EBITDA 1,279 $ 3,841 $ 398 $ 2,691 $ 3,685 $ 3,507 $ 284 4,762 $ 479 GAAP Diluted EPS $ 0.40 N / A N / A $ Adjusted Diluted EPS 0.46 N / A N / A $ 1.46 1.35 N / A N / A 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 . 1