secwatch.observer — SEC 8-K summary
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Issuer:     Rocket Companies, Inc. (RKT)
CIK:        0001805284
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001805284-25-000062
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rocket Companies Q1 GAAP net loss of $212M, adjusted revenue $1.3B at high end of guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805284/000180528425000062/0001805284-25-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805284/000180528425000062/rkt-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001805284-25-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer