Dan Gilbert’s Rocket Companies Reports First Full-Year Loss

Rocket Companies Reports First Full-Year Loss Since Going Public in 2020

Rocket Companies, the corporate parent of various Dan Gilbert businesses including Rocket Mortgage, has reported its first full-year loss since going public in 2020. The company incurred a net loss of $390 million on $3.8 billion in revenue for the entire year of 2023, compared to a profit of $700 million in 2022. The majority of this loss was seen in the fourth quarter, where Rocket recorded a net loss of $233 million on $694 million in revenue.