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Dec 31, 2022
Rocket Companies Q4 2022 Earnings Report
Rocket Companies experienced a challenging market environment, strategically adjusted its business, and invested in client engagement programs, while also focusing on cost management and share repurchases.
Key Takeaways
Rocket Companies reported a net revenue of $481 million and a net loss of $493 million for Q4 2022. The company focused on managing costs, growing its servicing portfolio, and investing in technology and client engagement. Total liquidity stood at approximately $8.1 billion as of December 31, 2022.
Generated total revenue, net of $481 million and net loss of $493 million, or a loss of 14 cents per diluted share.
Rocket Mortgage generated $19 billion in mortgage origination closed loan volume with a gain on sale margin of 2.17%.
Reduced total expenses by $202 million dollars from Q3 2022 to Q4 2022.
Grew servicing book unpaid principal balance to $535 billion at December 31, 2022.
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 Q1 2023, Rocket Companies expects adjusted revenue of between $700 million to $850 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income