Rocket Companies Earnings Reports

Rocket Companies delivered a strong second quarter in 2025, with total revenue of $1.36 billion and adjusted revenue of $1.34 billion, surpassing guidance. The company reported GAAP net income of $34 million and adjusted net income of $75 million, with adjusted diluted EPS of $0.04. Key operational highlights include significant increases in mortgage closed loan origination volume and net rate lock volume, alongside the strategic acquisition of Redfin Corporation.

Rocket Companies delivered adjusted revenue at the high end of their guidance range in Q1 2025, demonstrating the strength of their platform. The company also announced significant strategic acquisitions of Redfin and Mr. Cooper Group, aiming to integrate home search, origination, and servicing.

Rocket Companies delivered a strong performance in Q4 2024, with total revenue reaching $1.769 billion and GAAP net income of $649 million. The company also saw substantial increases in closed loan origination volume and net rate lock volume, alongside an improved gain on sale margin. Adjusted revenue and net income also showed positive trends, indicating operational efficiency and market share expansion.

Rocket Companies reported a mixed Q3 2024 with a GAAP net loss of $481 million but an adjusted net income of $166 million. The company saw a 32% year-over-year increase in adjusted revenue and the highest adjusted EBITDA in two years, driven by growth in purchase and refinance market share.

Rocket Companies reported Q2 2024 total revenue of $1.3 billion and adjusted revenue of $1.2 billion. GAAP net income was $178 million, or $0.01 per diluted share, and adjusted net income was $121 million, or $0.06 per diluted share. Closed loan origination volume increased by 10.4% year-over-year to $24.7 billion, and gain on sale margin increased to 2.99%.

Rocket Companies reported a net revenue of $1.4 billion and GAAP net income of $291 million, or $0.11 per diluted share, for Q1 2024. Adjusted revenue was $1.2 billion, exceeding the high end of the guidance range. The company saw a 19% increase in closed loan origination volume and an increase in gain on sale margin to 3.11%.

Rocket Companies reported Q4 2023 net revenue of $694 million and adjusted revenue of $885 million, exceeding the high end of guidance. The company had a GAAP net loss of $233 million, or $(0.09) per share, and an adjusted net loss of $6 million, or $0.00 per share. Despite a challenging year for mortgage originations, Rocket Companies achieved positive adjusted EBITDA for the third consecutive quarter and increased its market share.

Rocket Companies reported a net revenue of $1.203 billion and a GAAP net income of $115 million, or $0.04 per diluted share, for Q3 2023. The company's adjusted revenue exceeded the high end of its guidance range.

Rocket Companies reported a net revenue of $1.236 billion and a net income of $139 million for Q2 2023. Adjusted revenue was $1.002 billion, exceeding the high end of the guidance range. The company is implementing cost reduction measures expected to yield $150 to $200 million in annualized savings.

Rocket Companies announced Q1 2023 results, generating net revenue of $666 million and adjusted revenue of $882 million, which exceeded the high end of the guidance range. The company reported a net loss of $411 million, or a loss of $0.16 per diluted share, and an adjusted net loss of $111 million, or an adjusted loss of $0.06 per diluted share. Rocket Mortgage generated $17 billion in mortgage origination closed loan volume with a gain on sale margin of 2.39%.

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.

Rocket Companies announced Q3 2022 results with a net revenue of $1.3 billion and a net income of $96 million. The company reached 24 million Rocket Accounts and launched Rocket Rewards. They also approved the renewal and extension of the $1 billion share repurchase program.

Rocket Companies reported Q2 2022 results, which included a net revenue of $1.4 billion and a net income of $60 million. The company is actively investing in its business and transforming the Rocket services and engagement platforms. Expenses were reduced by approximately $300 million during the quarter.

Rocket Companies reported Q1 net revenue of $2.7 billion and net income of $1.0 billion. The company achieved its best Q1 purchase and cash-out refinance originations in its history. Rocket Mortgage generated $54.0 billion in mortgage origination closed loan volume with a gain on sale margin of 3.01%.

Rocket Companies reported strong Q4 2021 results, with net revenue of $2.6 billion and net income of $865 million. Rocket Mortgage's origination volume reached $75.9 billion. The company also declared a special dividend of $1.01 per share and continues to expand its platform through acquisitions like Truebill.

Rocket Companies announced excellent third-quarter results, exceeding the high end of guidance for closed loan volume and gain-on-sale margin. The company generated net revenue of $3.1 billion and net income of $1.4 billion.

Rocket Companies announced strong second-quarter results, with revenue of $2.7 billion and net income of $1.0 billion. The company achieved record purchase closed loan origination volume, nearly doubling year-over-year, and expects its 2021 mortgage origination closed loan volume to exceed 2020's record performance of $320 billion.

Rocket Companies reported a significant increase in revenue and net income for Q1 2021. Total revenue, net, grew to $4.6 billion, up 236% year-over-year, and net income increased to $2.8 billion, up 28x year-over-year. The company's closed loan origination volume reached $103.5 billion, a 100% increase compared to Q1 2020.

Rocket Companies reported a strong Q4 2020 with a 144% increase in revenue to $4.7 billion and a 277% increase in net income to $2.8 billion year-over-year. The company also announced a special dividend of $1.11 per Class A share.

Rocket Companies announced strong Q3 2020 results, with record closed loan origination volume of $89.0 billion, a 122% increase year-over-year. GAAP net income increased by 506% year-over-year to $3.0 billion. The company also announced a $1 billion share repurchase authorization.

Rocket Companies announced strong second quarter results with record closed loan origination volume of $72.3 billion and net income of $3.5 billion. The company benefited from a scalable mortgage origination platform and favorable market conditions.