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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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