earnings
confidence high
sentiment negative
materiality 0.70
Rocket Companies Q1 GAAP net loss of $212M, adjusted revenue $1.3B at high end of guidance
Rocket Companies, Inc.
2025-Q1 EPS reported
-$0.08
- GAAP net loss of $212M ($0.08 diluted loss per share) vs net income of $291M in Q1'24.
- Adjusted revenue of $1.296B, at high end of guidance; total revenue net of $1.037B, down from $1.384B.
- Adjusted EBITDA of $169M, down slightly from $174M; adjusted net income of $80M ($0.04 EPS).
- Mortgage origination volume $21.6B (+7% YoY); gain on sale margin 2.89% vs 3.11% in Q1'24.
- Net rate lock volume $26.1B, up 17% YoY; CEO cites Redfin and Mr. Cooper integration.