Rocket Companies IPO Presentation Deck
The "Rule of 40"
2017-Q1'20 Adj. Revenue CAGR + 2017-Q1'20 Average Adj. EBITDA Margin
69 %
56%
Square
55 %
Alphabet
54%
45 %
42%
39%
PayPal
38%
Shopify ROCKET Netflix
Source: Capital1Q, IBES Estimates.
Notes: The Rule of 40 defined here as 2017-LTM 202001 average EBITDA margin plus 2017-LTM 202001 revenue CAGR. Rocket metrics represent adjusted EBITDA and adjusted revenue Ouradjusted EBITDA and adjusted revenue are calculated by us using a
methodology that may be different from the methodology that other companies use for similarmeasures. As a result, our adjusted EBITDA and adjusted revenue may not be comparable to similarly described measures published by other companies. Refer to
slide 46 for reconciliation of adjusted metrics to GAAP
41
Amazon
35 %
Bill.com
ROCKET
Apple
26%
SpotifyView entire presentation