10-K · March 2, 2026
Rocket Companies, Inc. successfully navigated a transformative year in 2025, resulting in significant growth driven by acquisitions. Despite a net loss of $234 million for the year, driven mostly by increased expenses…
Earnings analysis · 10-Q
RKT earnings analysis
Filed May 11, 2026 · Our reading of the company's report
The latest report
Rocket Companies, Inc. reported strong Q1 2026 results with revenues of $2.94 billion and earnings per share (EPS) of $0.15, surpassing analyst estimates. The firm also originated $44.7 billion in residential mortgage…
Read full summary
Rocket Companies, Inc. reported strong Q1 2026 results with revenues of $2.94 billion and earnings per share (EPS) of $0.15, surpassing analyst estimates. The firm also originated $44.7 billion in residential mortgage loans, indicating significant growth from $21.6 billion in the same quarter last year. However, operating expenses rose sharply, impacting net income positively amid an inflationary environment.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.15
- Segment
- Direct to Consumer
- Segment
- Partner Network
What stood out
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Strong Revenue Growth
Q1 2026 revenue reached $2.94 billion, up 167% from $1.1 billion in Q1 2025.
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EPS Surpasses Expectations
Reported EPS was $0.15, exceeding estimates of $0.12 by 25%.
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Substantial Loan Origination
Closed loan origination volume increased to $44.7 billion, up from $21.6 billion year-over-year.
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Improved Cash Position
Cash and cash equivalents rose to $2.7 billion, up $1.6 billion compared to March 31, 2025.
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Acquisitions Contributed to Growth
The acquisitions of Redfin and Mr. Cooper bolstered revenue streams significantly.
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Adjusted EBITDA Increase
Adjusted EBITDA for Q1 2026 was $738 million, up from $169 million in Q1 2025.
What to watch
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High Operating Expenses
Total expenses increased sharply to $2.54 billion, up 92% from $1.32 billion in Q1 2025, impacting profitability.
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Market Volatility Concerns
Ongoing global tensions and inflationary pressures could impact future mortgage demand.
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Integration Risks Post-Acquisitions
Integration of acquired businesses Redfin and Mr. Cooper may present operational challenges.
Management's outlook
Guidance for Q2 2026 adjusted revenue is expected between $2.7 billion and $2.9 billion.
Earlier filings 4
10-Q · November 6, 2025
Rocket Companies, Inc. reported a strong Q3 2025 with revenue of $1.783 billion, surpassing estimates and showcasing an improvement in gross margin compared to previous periods. Management pointed to increased mortgage…
10-Q · August 8, 2025
Rocket Companies, Inc. (RKT) reported a mixed Q2 2025 performance, with revenue increasing to $1.45 billion from $1.38 billion in Q2 2024, while experiencing a decline in net income. The company's significant…
10-Q · May 9, 2025
Rocket Companies, Inc. reported Q1 2025 results with revenues of $1.296 billion, surpassing consensus estimates of $1.25 billion, while EPS matched expectations at $0.04. Despite the revenue growth, a significant net…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.