Rocket Companies Management
Management criteria checks 2/4
Rocket Companies' CEO is Varun Krishna, appointed in Sep 2023, has a tenure of 1.25 years. total yearly compensation is $3.45M, comprised of 11.7% salary and 88.3% bonuses, including company stock and options. directly owns 0.049% of the company’s shares, worth $10.99M. The average tenure of the management team and the board of directors is 1.3 years and 4.3 years respectively.
Key information
Varun Krishna
Chief executive officer
US$3.4m
Total compensation
| CEO salary percentage | 11.7% |
| CEO tenure | 1.3yrs |
| CEO ownership | 0.05% |
| Management average tenure | 1.3yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
Rocket Companies: Strong Bearish Trend And Weak Market Sentiments
Dec 19Rocket Companies: Sky-High Hopes, Grounded Reality
Sep 17Rocket Companies: Time To Cool The Jets (Rating Downgrade)
Jun 13Rocket Companies Is Materially Overpriced Considering The Interest Rate Outlook
Mar 28Rocket Companies: Market Share Gains Support A Positive Outlook
Mar 20Rocket Mortgage: Housing Market Recovery Creates Potential Opportunity
Oct 17Rocket Companies: Stabilization, Albeit At Very Low Levels
Sep 18Rocket Companies: Weak Near-Term Performance Puts Pressure On The Stock
Jul 11Rocket Recovery With Expected Increase In Home Buying
Jul 03Rocket Companies' Platform Is Strong; Depends On Interest Rate/Mortgage Convexity
Jun 09Rocket Companies Hunkers Down For Worsening Real Estate Contraction
Jan 13Rocket Companies marginally up as CEO buys $600K shares
Dec 15Rocket Companies stock drops 11% as Argus cuts to Hold on concerns over recent deals
Nov 16Rocket Companies Q3 Earnings Preview - Quantitative Analysis
Oct 31Rocket Companies: Still Some Supply/Demand Downside, But Cheap - A Cautious Buy
Sep 30Rocket Companies: Shares Look To Keep Rebounding Off The June Low
Aug 08Hold: Rocket Companies Is Far From Its Doomsday
May 18Is Rocket Companies Stock A Buy Or Sell After Recent Earnings? We're Bullish Into Low Expectations
Mar 03Rocket Companies Focuses On Revenue Diversification
Dec 23Rocket Companies: Uncertainties In Revenue Growth
Nov 08CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$15m |
| Jun 30 2024 | n/a | n/a | US$13m |
| Mar 31 2024 | n/a | n/a | US$19m |
| Dec 31 2023 | US$3m | US$404k | -US$16m |
Compensation vs Market: Varun's total compensation ($USD3.45M) is below average for companies of similar size in the US market ($USD12.73M).
Compensation vs Earnings: Insufficient data to compare Varun's compensation with company performance.
CEO
Varun Krishna (41 yo)
1.3yrs
Tenure
US$3,445,914
Compensation
Mr. Varun Krishna serves as Chief Executive Officer of Rocket Companies, Inc. since September 05, 2023 & serves as its Director since December 21, 2023. He serves as Chief Executive Officer of Rocket Mortg...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | 4.8yrs | no data | no data | |
| CEO & Director | 1.3yrs | US$3.45m | 0.049% $ 11.0m | |
| President & Director | 1.3yrs | US$6.82m | 0.19% $ 42.1m | |
| CFO & Treasurer | 2.1yrs | US$3.02m | 0.20% $ 43.8m | |
| Executive Legal Counsel & Secretary | 2.2yrs | US$2.35m | 0.036% $ 8.0m | |
| Chief Operating Officer | less than a year | no data | 0.37% $ 81.7m | |
| Chief Accounting Officer | less than a year | no data | 0.032% $ 7.1m | |
| Group Chief Technology Officer | less than a year | no data | 0.36% $ 80.7m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Marketing Officer | less than a year | no data | 0.35% $ 77.7m | |
| Chief Talent & DEI Officer | 2.9yrs | no data | no data | |
| Chief Business Officer | no data | no data | 0.39% $ 87.7m |
1.3yrs
Average Tenure
47.5yo
Average Age
Experienced Management: RKT's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | 4.8yrs | no data | no data | |
| CEO & Director | less than a year | US$3.45m | 0.049% $ 11.0m | |
| President & Director | 1.8yrs | US$6.82m | 0.19% $ 42.1m | |
| Independent Director | 4.1yrs | US$316.97k | 0.038% $ 8.5m | |
| Independent Director | 4.3yrs | US$313.22k | 0.074% $ 16.5m | |
| Independent Director | 4.3yrs | US$305.73k | 0.050% $ 11.1m | |
| Director | 4.8yrs | no data | no data | |
| Independent Director | less than a year | no data | no data | |
| Director | 4.8yrs | no data | 0.41% $ 91.1m |
4.3yrs
Average Tenure
62yo
Average Age
Experienced Board: RKT's board of directors are considered experienced (4.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 12:11 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Rocket Companies, Inc. is covered by 22 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark DeVries | Barclays |
| Terry Ma | Barclays |
| Mark DeVries | Barclays |