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Sep 30, 2023
Rocket Companies Q3 2023 Earnings Report
Rocket Companies reported strong Q3 2023 results, exceeding adjusted revenue guidance and achieving profitability across GAAP net income, adjusted net income, and adjusted EBITDA metrics.
Key Takeaways
Rocket Companies reported a net revenue of $1.203 billion and a GAAP net income of $115 million, or $0.04 per diluted share, for Q3 2023. The company's adjusted revenue exceeded the high end of its guidance range.
Generated total revenue, net of $1.203 billion and GAAP net income of $115 million, or $0.04 per diluted share.
Rocket Mortgage generated $22.2 billion in mortgage origination closed loan volume with a gain on sale margin of 2.76%, marking the third consecutive quarter of increase.
Rocket gained purchase market share year-over-year and quarter-over-quarter.
Total liquidity was approximately $8.7 billion as of September 30, 2023.
Rocket Companies
Rocket Companies
Rocket Companies Revenue by Segment
Revenue by Segment
Direct to Consumer Revenue
CapyFin.comPartner Network Revenue
CapyFin.com Forward Guidance
In Q4 2023, Rocket Companies expects adjusted revenue of between $650 million to $800 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income