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Rocket Companies(RKT) - 2025 Q2 - Earnings Call Presentation
2025-07-31 20:30
Company Overview - Rocket Companies has facilitated over $1.9 trillion in total transaction volume and has served 10 million clients[15] - Rocket Mortgage is the 1 mortgage lender in America[15] Market Opportunity - The total addressable homeownership market is estimated at $29 trillion[20] - The mortgage origination market is valued at $2 trillion[22] - The homebuying market, including mortgage, real estate, title, and homeowner's insurance, is estimated at $5 trillion[22] - 50% of renters are "rent burdened"[25] - 92% of Americans believe homeownership is an essential part of the American dream[25] Financial Performance - Rocket Companies reported adjusted revenue of $1.340 billion for Q2 2025[87] - Adjusted EBITDA for Q2 2025 was $172 million[87] - The company's servicing portfolio includes $609 billion in serviced UPB (unpaid principal balance) and 2.8 million loans serviced[94] - Recurring servicing fee income is $1.6 billion[94] - The MSR (Mortgage Servicing Rights) fair value is $7.6 billion[94]