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Rocket Companies RKT Direct to Consumer — Contribution margin

Similar metrics at other companies

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SHOODirect-to-Consumer — Operating income (loss)
-$1.58M+74.6%
Netgear logo
NTGRConsumer — Segment Contribution Margin
-0.2%-0.1pp
PSK
PSKYDirect-to-Consumer — Adjusted EBITDA
$251M+330%
Netgear logo
NTGRConsumer — Segment Contribution Income
-$126K+91.4%
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SHOODirect-to-Consumer — Revenue
$206.01M+83.8%
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SHOODirect-to-Consumer — Cost of sales (exclusive of depreciation and amortization)
$70.21M+57.1%

Other financials

Income statement

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Revenue$2.9B+167%
Net income$297.0M+3,070%
EPS (diluted)$0.10+225%

Balance sheet

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Cash & equivalents$3.0B+108%
Total debt$10.4B+3,260%
Total equity$23.2B+171%
Total assets$59.4B+135%

Cash flow

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Operating cash flow$1.9B+333%
CapEx$43.0M+207%
Free cash flow$1.8B+324%

Valuation

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Market cap$42.44B+1,776%
Enterprise value$49.9B-2,052%
P/E263×+220×
P/S4.9×+4.5×

Profitability

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Net margin-1.8%-2.4pp
FCF margin-16.2%

Returns & leverage

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Return on equity-1.2%-1.5pp
Debt / equity0.4×+0.4×

Where this comes from

Reported directly by Rocket Companies in its filing.

Tagged under the XBRL concept rkt:GrossProfitNetOfMSRAdjustmentDueToValuationAssumptions.

The official record: Rocket Companies’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Rocket Companies's direct to consumer — contribution margin?
Rocket Companies (RKT) reported direct to consumer — contribution margin of $1.15B in Q1 2026.
How has Rocket Companies's direct to consumer — contribution margin changed year-over-year?
Rocket Companies's direct to consumer — contribution margin increased by 181.8% year-over-year, from $407M to $1.15B.
What is the long-term trend for Rocket Companies's direct to consumer — contribution margin?
Over 4 years (2021 to 2025), Rocket Companies's direct to consumer — contribution margin has grown at a -24.4% compound annual growth rate (CAGR), from $6.4B to $2.09B.
What does direct to consumer — contribution margin mean?
This metric represents the profitability of the direct-to-consumer segment after accounting for direct variable costs but before allocating corporate overhead. It serves as a primary indicator of the segment's ability to generate cash flow from its core lending activities. A strong contribution margin demonstrates the scalability of the digital lending platform and the effectiveness of the company's customer acquisition strategy.