Rocket Companies(US:RKT)2025-05-09 01:13Market Opportunity - The total addressable homeownership market is valued at $29 trillion[19] - The mortgage origination market is estimated at $5 trillion[22] - The top 10 players hold only 23% of mortgage originations, indicating a highly fragmented market[20] - 94% of Americans believe homeownership is an essential part of the American dream[24] Rocket Platform & Performance - Rocket's client recapture rate is 3 times higher than the industry average, with Rocket at 83% compared to the industry's 25%[37] - Rocket has invested $500 million in AI over the last five years[48] - Rocket services 28 million loans with a serviced unpaid principal balance (UPB) of $600 billion[39, 78] - Rocket's servicing portfolio has a fair value of $73 billion[78] - Rocket has a 97% net client retention rate[45, 78] Financial Highlights (Q1 2025) - Adjusted revenue was $1296 million, an increase of 11% year-over-year[72, 86] - Adjusted EBITDA was $169 million, with an EBITDA margin of 13%[72, 86]