---
schema_version: "secwatch.filing_event.v1"
accession: "0001805284-24-000061"
form_type: "8-K"
ticker: "RKT"
cik: "0001805284"
company_name: "Rocket Companies, Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:48:28.229895+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Rocket Companies Q1 net income $291M vs loss; revenue $1.38B, adjusted EBITDA $174M

## Summary
- GAAP net income of $291M ($0.11 diluted EPS) vs loss of $411M ($0.16 loss per share) in Q1 2023.
- Total revenue, net of $1.384B, more than double year-ago $666M; adjusted revenue $1.163B exceeded guidance high end.
- Adjusted EBITDA of $174M, highest in two years, compared to loss of $79M in Q1 2023.
- Closed loan origination volume $20.2B, up 19% YoY; gain-on-sale margin improved to 3.11% from 2.39%.
- CEO Varun Krishna cited accelerated top-line growth and expanded purchase and refinance market share.

## SEC filing metadata
- accession: 0001805284-24-000061
- form_type: 8-K
- ticker: RKT
- cik: 0001805284
- company_name: Rocket Companies, Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805284/000180528424000061/0001805284-24-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805284/000180528424000061/rkt-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001805284-24-000061
- JSON: https://secwatch.observer/filing/0001805284-24-000061.json
- Plain text: https://secwatch.observer/filing/0001805284-24-000061.txt

## Key facts
- Earnings Releases
  Rocket Companies, Inc. reported first quarter ended March 31, 2024 results: revenue $1,384, net income $291 million, EPS $0.11 per GAAP diluted earnings per share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $1,384
  - Net income: $291 million
  - EPS: $0.11 per GAAP diluted earnings per share
  - Result: reported results
  source text: our mission to help everyone home.” First Quarter 2024 Financial Summary 1 ROCKET COMPANIES ($ in millions, except per share amounts) Q1-24 Q1-23 (Unaudited) Total revenue, net $ 1,384 $ 666 Total expenses $ 1,085 $ 1,082 GAAP net income (loss) $ 291 $ (411) Adjusted revenue $ 1,163 $ 882 Adjusted net income (loss) $ 84 $ (111) Adjusted EBITDA $ 174 $ (79) GAAP
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805284/000180528424000061/0001805284-24-000061-index.htm
- Earnings Releases
  Rocket Companies, Inc. reported Q1'24 results: revenue $1.4 billion, net income $291 million, EPS $0.11 per GAAP diluted earnings per share.
  - Period: Q1'24
  - Revenue: $1.4 billion
  - Net income: $291 million
  - EPS: $0.11 per GAAP diluted earnings per share
  - Result: reported results
  source text: Generated Q1'24 total revenue, net of $1.4 billion and adjusted revenue of $1.2 billion. Adjusted revenue exceeded the high end of guidance range, and year-over-year growth accelerated for the third quarter in a row • Reported Q1'24 GAAP net income of $291 million, or $0.11 per GAAP diluted earnings per share and adjusted net income of $84 million, or $0.04 per adjusted diluted earnings per share • Delivered Q1'24 adjusted EBITDA of $174 million, the highest adjusted EBITDA in two years
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805284/000180528424000061/0001805284-24-000061-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.