![]() ![]() ![]() 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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