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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.
Rocket Companies
Rocket Companies
Rocket Companies Revenue by Segment
Revenue by Segment
Direct to Consumer Revenue
CapyFin.comPartner Network Revenue
CapyFin.com 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