Rocket Companies Q2 adjusted revenue $1.228B beat guidance; net income $178M vs $139M YoY

Rocket Companies, Inc.

2024-Q2 EPS reported $0.13

Total revenue net $1.301B (+5.3% YoY); adjusted revenue $1.228B exceeded high end of guidance range.
GAAP net income $178M ($0.01 diluted EPS); adjusted net income $121M ($0.06 adjusted EPS).
Adjusted EBITDA $225M, up from $18M in Q2 2023; fifth consecutive YoY increase.
Closed loan origination volume $24.7B; gain on sale margin 2.99% (vs 2.67% YoY).
First Investor Day to be held on September 10, 2024 in Detroit.

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