Rocket Companies Q3 net revenue falls 58% YoY to $1.3B; posts adjusted net loss

Rocket Companies, Inc.

2022-Q3 EPS reported $0.47

Net revenue $1.295B, down 58% from $3.115B in Q3 2021; GAAP net income $96M vs $1.393B.
Adjusted net loss $166M, adjusted EBITDA loss $160M; adjusted diluted EPS loss $0.08.
Board approved renewal of $1B share repurchase program, effective Nov 11, 2022, for two years.
Rocket reached 24 million Rocket Accounts as of Sept 30, 2022; launched Rocket Rewards loyalty program.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Rocket Companies, Inc. reported third quarter ended September 30, 2022 results: revenue $1,295, net income $96, EPS $0.04.

Period: third quarter ended September 30, 2022
Revenue: $1,295
Net income: $96
EPS: $0.04
Result: reported results

Exact text from the filing

of Rocket.” Third Quarter Financial Summary 2 ROCKET COMPANIES ($ amounts in millions, except per share) Q3-22 Q3-21 YTD 22 YTD 21 (Unaudited) (Unaudited) Total Revenue, net $ 1,295 $ 3,115 $ 5,358 $ 10,322 Total Expenses $ 1,188 $ 1,689 $ 4,110 $ 4,992 GAAP Net Income $ 96 $ 1,393 $ 1,193 $ 5,207 Adjusted Revenue $ 888 $ 3,162 $ 3,945 $ 9,992 Adjusted Net

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Rocket Companies, Inc. filing history →

Source: SEC EDGAR

accession 0001805284-22-000272

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