NYSE$RKT
Rocket Companies Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Rocket Companies reported solid Q1 2023 results amidst an uncertain macro environment, with adjusted revenue exceeding the high end of guidance.
Rocket Companies announced Q1 2023 results, generating net revenue of $666 million and adjusted revenue of $882 million, which exceeded the high end of the guidance range. The company reported a net loss of $411 million, or a loss of $0.16 per diluted share, and an adjusted net loss of $111 million, or an adjusted loss of $0.06 per diluted share. Rocket Mortgage generated $17 billion in mortgage origination closed loan volume with a gain on sale margin of 2.39%.
- Generated total revenue, net of $666 million and net loss of $411 million, or a loss of $0.16 cents per diluted share.
- Generated total adjusted revenue of $882 million and adjusted net loss of $111 million, or an adjusted loss of $0.06 cents per diluted share.
- Rocket Mortgage generated $17 billion in mortgage origination closed loan volume. Gain on sale margin was 2.39%.
- Total liquidity was approximately $8.1 billion, as of March 31, 2023.
Headline financials
Revenue & EPS history
Rocket Companies · Revenue · Quarterly
$37.7M
Revenue by segment
Rocket Companies · $586M total across 2 segments · Q1 2023
- Direct to Consumer$495M-77.9%84.5%
- Partner Network$91M-68.8%15.5%
Forward guidance
In Q2 2023, Rocket Companies expects adjusted revenue of between $850 million to $1 billion.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+0.6%
Avg return
Earnings day
+5.6%
Avg return
5 days after
+2.2%
Avg return
30 days after
50%
12 / 24 earnings
Positive
+14.8%
Q3 2023
Best reaction
-15.5%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.4% | -14.9% | -20.1% | |
| Q4 2025 | +2.4% | -6.4% | -23.1% | |
| Q3 2025 | +6.0% | +2.3% | +25.3% | |
| Q2 2025 | +0.0% | +11.4% | +21.8% | |
| Q1 2025 | -4.7% | +8.2% | +9.6% | |
| Q4 2024 | +9.1% | +16.1% | +1.6% | |
| Q3 2024 | -10.3% | -13.7% | -20.6% | |
| Q2 2024 | +6.5% | +13.2% | +21.4% | |
| Q1 2024 | +7.6% | +13.1% | +12.5% | |
| Q4 2023 | +5.1% | +8.6% | +28.5% | |
| Q3 2023 | +14.8% | +8.5% | +31.2% | |
| Q2 2023 | +8.5% | +10.4% | +2.1% | |
| Q1 2023 | -2.2% | -4.3% | -4.2% | |
| Q4 2022 | +1.9% | +9.6% | +11.5% | |
| Q3 2022 | -4.5% | -0.6% | +27.2% | |
| Q2 2022 | -2.9% | -6.0% | -25.7% | |
| Q1 2022 | -11.9% | -3.5% | -0.6% | |
| Q4 2021 | +10.4% | +20.8% | -6.1% | |
| Q3 2021 | -2.4% | -4.3% | -10.9% | |
| Q2 2021 | +9.4% | +2.0% | -5.7% | |
| Q1 2021 | -15.5% | -21.5% | -12.1% | |
| Q4 2020 | +7.5% | +104.7% | +17.7% | |
| Q3 2020 | -1.8% | +1.9% | -3.0% | |
| Q2 2020 | -13.7% | -20.0% | -25.1% | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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