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Sep 30, 2022
Rocket Companies Q3 2022 Earnings Report
Rocket Companies reported Q3 2022 results, generating net revenue of $1.3 billion and net income of $96 million.
Key Takeaways
Rocket Companies announced Q3 2022 results with a net revenue of $1.3 billion and a net income of $96 million. The company reached 24 million Rocket Accounts and launched Rocket Rewards. They also approved the renewal and extension of the $1 billion share repurchase program.
Generated Q3’22 net revenue of $1.3 billion and net income of $96 million.
Delivered closed loan volume, net rate lock volume and gain on sale margin within our guided range.
Rocket reached 24 million Rocket Accounts across our ecosystem, as of September 30, 2022.
Launched Rocket Rewards, our new loyalty program.
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 the following ranges in Q4 2022:
Positive Outlook
- Adjusted revenue of between $600 million to $750 million.
- Closed loan volume of between $17 billion and $22 billion.
- Net rate lock volume of between $15 billion and $21 billion.
- Gain on sale margins of 2.30% to 2.60%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income