Rocket Companies, Inc. Earnings Recaps
Q1 2026
May 8, 2026
Rocket Companies’ shares surged 7.1% on robust revenue and margin expansion driven by strong origination volumes and operational leverage. The market rewarded the company’s execution amidst market volatility and its advanced AI integration that is enhancing client engagement and efficiency.
Key takeaways
- Adjusted revenue came in at $2.8 billion, exceeding the high end of guidance.
- Net rate lock volume rose 19% quarter over quarter to $49 billion, reflecting increased purchase and refinance activity despite a volatile mortgage rate environment.
- Adjusted EBITDA reached $738 million, with margins expanding to 26% from 23%, indicating effective cost management and operating leverage.
- Adjusted diluted EPS improved to $0.15 from $0.11 in the prior quarter.
- Significant AI investments ($500 million over six years) are driving productivity gains, notably reducing loan officer prospecting time from two hours daily to zero, improving funnel efficiency and client engagement.
Q3 2025
Oct 31, 2025
Rocket Companies delivered a strong performance in Q3 2025, exceeding revenue expectations and capturing market share amid a challenging housing environment.
Key takeaways
- Adjusted revenue reached $1.783 billion, surpassing guidance due to a notable increase in refinance activity.
- Net rate lock volume rose by 26% sequentially to $36 billion, while closed loan volume increased by 11% to $32 billion.
- Adjusted EBITDA margin expanded to 20%, up from 13% in the prior quarter, with adjusted diluted EPS at $0.07.
- Successful integration of Redfin and Mr. Cooper initiatives, enhancing client engagement and expanding the customer pipeline to approximately 60 million.
- AI-driven tools launched this quarter significantly improved loan processing efficiency and client conversion rates, highlighting Rocket’s innovation focus.