RKT Q1 2023 Earnings — Rocket Companies, Inc. Revenue & Financial Results | Market Cap Arena

RKTRocket Companies, Inc.

$45B

Q1 2023 Earnings

Financial Services Financial - Mortgages

Income Statement

Revenue

$701M-74.1% YoY

Gross Profit

$628M89.5% margin

Operating Income

-$416M-59.3% margin

Net Income

-$19M-2.6% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

+35.7%

Cash Flow

Operating Cash Flow

-$1.3B

Free Cash Flow

-$1.4B

Stock-Based Comp.

$52M

Balance Sheet

Total Assets

$21.2B

Total Liabilities

$13.1B

Stockholders' Equity

$576M

Cash & Equivalents

$893M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$701M	$2.7B	-74.1%
Gross Profit	$628M	$2.6B	-76.1%
Operating Income	-$416M	$1.1B	-139.2%
Net Income	-$19M	$54M	-134.5%

Revenue Segments

Direct To Customer Segment

$711M89%

Partner Network Segment

$91M11%