![]() To enable long-run growth, Rocket seeks to pair its platform offerings with a virtuous cycle of efficient operations, providing unique client experiences through Rocket's integrated real estate platform, utilizing digital products, and increasing client base size and scalability through constant accessibility. ![]() Macro stressors extend into the company's Q1'23 financials, reporting a 39.17% YoY revenue decline to $888.85mn and a -1.35bn free cash flow, largely driven by negative FCF in operating activities and declines in investing cash flows. These activities have supported 2022 revenues of $3.85bn- down 61.51% since 2021, due to negative interest convexity and Rocket's wholesale funding methodology- and free cash flow of $10.73bn in the same period. Rocket Companies May'23 Investor Presentation Additionally, via brands like Amrock and One Reverse Mortgage, Rocket offers title and property insurance and reverse mortgage services. ![]() Rocket Companies ( NYSE: RKT) is a Detroit, Michigan-based mortgage loan provider, with its highly integrated operations spanning home financing, home sale and search, and other personal finance and lending provisions.
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