Rocket Q1 net revenue $666M, adjusted revenue $882M beats guidance; GAAP net loss $411M

Rocket Companies, Inc.

2023-Q1 EPS reported -$0.16

Net revenue $666M, down 75% YoY from $2,671M; GAAP net loss $411M vs profit $1,037M in Q1'22.
Adjusted revenue $882M, above guidance top end; adjusted net loss $111M.
GAAP diluted loss per share $0.16; adjusted diluted loss per share $0.06.
Rocket Accounts reached 27.6M; launched BUY+/SELL+ purchase initiative and Rocket Visa Signature Card.
Bill Emerson appointed interim CEO effective June 1, 2023, succeeding Jay Farner.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rocket Companies, Inc. reported first quarter ended March 31, 2023 results: revenue $666 million, net income $(411) million, EPS $(0.16) per diluted share.

Period: first quarter ended March 31, 2023
Revenue: $666 million
Net income: $(411) million
EPS: $(0.16) per diluted share
Result: reported results

Exact text from the filing

Rocket Companies Announces First Quarter 2023 Results • Generated Q1'23 net revenue of $666 million and adjusted revenue of $882 million.

View on SEC.gov

39 earnings releases filed in the last 30 days. Browse all earnings releases →

Rocket Companies, Inc. filing history →

Source: SEC EDGAR

accession 0001805284-23-000027

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.