Earnings release
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● ● ● ● Exceeded top end of closed loan volume and gain - on - sale margin guidance Achieved second consecutive record purchase quarter Generated net revenue of $ 3.1 billion and Adjusted Revenue of $ 3.2 billion¹ Delivered net income of $ 1.4 billion and Adjusted Net Income of $ 1.1 billion¹ Rocket Companies Announces Third Quarter Results DETROIT , November 4 , 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 the third quarter of 2021 . " We had an excellent third quarter , as we executed on our mission to remove friction from life's complex moments . Our core mortgage business exceeded the high end of guidance for closed loan volume and gain - on - sale margin , while achieving record purchase volume , " said Jay Farner , Vice Chairman and CEO of Rocket Companies . " We also announced our exciting partnership with Salesforce to provide ' Mortgage as a Service ' to financial institutions , leveraging Rocket Mortgage's transformational platform powered by Rocket technology . Looking ahead to 2022 , we expect to exceed 10 % share in a purchase - heavy mortgage market and continue to leverage our platform to grow and scale the other businesses in our ecosystem , including real estate , auto , personal loans and solar . " Third Quarter Financial Summary¹ ROCKET COMPANIES ( Units in ' 000s , $ amounts in millions , except per share ) Q3-21 Total revenue , net Total expenses Net income Adjusted Revenue Adjusted Net Income Adjusted EBITDA GAAP Diluted EPS Adjusted Diluted EPS $ $ $ $ $ $ $ $ Q3-20 ( Unaudited ) 4,616 $ 1,559 $ 2,995 $ 3,115 $ 1,689 $ 1,393 $ 3,162 $ 1,139 $ 1,568 $ 0.54 $ 0.57 $ 4,743 $ 2,421 $ 3,271 $ 0.54 1.22 Q3-19 1 1,592 $ 10,322 $ 1,093 $ 4,992 $ 495 $ 5,207 $ 1,801 $ 540 $ 771 $ YTD 21 N / A $ N / A $ 9,992 $ 3,865 $ 5,299 $ 2.00 $ 1.94 $ YTD 20 ( Unaudited ) ROCKET Companies 10,970 $ 4,327 $ 6,559 12,163 5,965 8,082 0.54 3.01 $ $ $ YTD 19 3,161 3,014 143 4,082 823 1,250 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 . Under GAAP , the basic and diluted earnings per share calculations for the three and nine months ended September 30 , 2020 , include only the period from August 6 , 2020 to September 30 , 2020. 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 .