What does real estate exchange revenue — revenue mean?

This metric represents the total revenue generated from services provided through the company's real estate exchange platform, primarily involving lead generation, referral fees, and transaction facilitation for home buyers and sellers. It captures the income derived from connecting consumers with real estate professionals and facilitating the broader home-buying ecosystem outside of direct mortgage origination. This revenue stream is a key indicator of the company's ability to monetize its platform beyond its core lending business.

Rocket Companies RKT Real Estate Exchange Revenue — Revenue

Other product segments

Real Estate Brokerage

$138M—

Subscription Revenue

$103M+21.2%

Closing Fees

$49M+104%

License

$42M—

Appraisal Revenue

$11M+22.2%

Real Estate Partner Revenue

$9M—

Similar metrics at other companies

TNLExchange-related revenue — Revenue from Contract with Customer, Excluding Assessed Tax

$8.75M0.0%

GEMIExchange — Total net revenue from contracts with customers

$17.17M-27.0%

VACExchange and other services revenues — Revenue from contracts with customers

$93M+1.1%

JOEReal Estate — Revenue

$39.7M+3.6%

JEFReal estate revenues — Revenues from contracts with customers

$2.25M-79.7%

TNLExchange-related revenue — Managed property owner's association

0.30.0%

Other financials

Income statement

See full

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

See full

Net margin-1.8%-2.4pp

FCF margin-16.2%—

Returns & leverage

See full

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 us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 real estate exchange revenue — revenue?: Rocket Companies (RKT) reported real estate exchange revenue — revenue of $15M in Q1 2026.
What does real estate exchange revenue — revenue mean?: This metric represents the total revenue generated from services provided through the company's real estate exchange platform, primarily involving lead generation, referral fees, and transaction facilitation for home buyers and sellers. It captures the income derived from connecting consumers with real estate professionals and facilitating the broader home-buying ecosystem outside of direct mortgage origination. This revenue stream is a key indicator of the company's ability to monetize its platform beyond its core lending business.