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Mar 31, 2022
Rocket Companies Q1 2022 Earnings Report
Rocket Companies reported a solid performance in Q1 2022, achieving its best Q1 volume in purchase and cash out refinances and generating a net income of $1.0 billion.
Key Takeaways
Rocket Companies reported Q1 net revenue of $2.7 billion and net income of $1.0 billion. The company achieved its best Q1 purchase and cash-out refinance originations in its history. Rocket Mortgage generated $54.0 billion in mortgage origination closed loan volume with a gain on sale margin of 3.01%.
Generated Q1 net revenue of $2.7 billion and Adjusted Revenue of $1.9 billion.
Delivered Q1 net income of $1.0 billion and Adjusted Net Income of $293 million.
Achieved best Q1 purchase and cash-out refinance originations in Rocket Companies' history.
Rocket Mortgage generated $54.0 billion in mortgage origination closed loan volume.
Revenue by Segment
Forward Guidance
Rocket Companies expects closed loan volume of between $35 billion and $40 billion, net rate lock volume of between $31 billion and $38 billion, and gain on sale margins of 2.60% to 2.90% for Q2 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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