Rocket Q4 net revenue $694M (+44% YoY), adjusted EBITDA $55M; revenue beat guidance

Rocket Companies, Inc.

2023-FY EPS reported -$0.15

Q4 net revenue $694M, adjusted revenue $885M exceeding guidance; net loss GAAP $233M ($0.09/share).
Adjusted net loss $6M ($0.00/share); adjusted EBITDA $55M positive for third straight quarter.
Full-year 2023 net revenue $3.8B; adjusted EBITDA $67M; cost reduced ~20% in 2023 after ~25% in 2022.
CEO Varun Krishna says purchase and refinance market share grew double-digits in 2023.
Company focusing on AI-fueled home ownership to drive scaled growth in share and profitability.

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 financial results for the fourth quarter and full year ended December 31, 2023.

Period: the fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 22, 2024, Rocket Companies, Inc. (the "Company") issued a press release announcing its results for the fourth quarter and full year ended December 31, 2023.

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Rocket Companies, Inc. filing history →

Source: SEC EDGAR

accession 0001805284-24-000004

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