What is the market's earnings forecast for Rocket Companies next quarter?

What does Rocket Companies do and what are its main business segments?

What is Rocket Companies's latest dividend and current dividend yield?

What guidance did Rocket Companies's management provide for the next earnings period?

What is Rocket Companies's gross profit margin?

Did Rocket Companies beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for Rocket Companies year over year?

What were the key takeaways from Rocket Companies’s earnings call?

- **Record Q4 Performance**: Adjusted revenue of $2.44B (+15% YoY), EBITDA margin expands to 24%, with 50%+ refinance volume from servicing portfolio.
- **Market Share Surge**: Purchase market share jumps to 5.5%, up from 3.8% in 2024, driven by Redfin and Mr. Cooper integration.
- **AI-Driven Growth**: Automating 800K chats/month, reducing client acquisition costs and driving 2.5x conversion rates.
- **Compass Partnership**: Exclusive search portal for 340K Compass agents, with Rocket Mortgage offering $6K off closing costs, targeting $1T+ in(origination).
- **Q1 Guidance**: Revenue expected $2.6-2.8B, reflecting 20%+ YoY growth and margin expansion through expense synergies.

**【CEO Summary Section】**
- **Q4 2025 Results**: Adjusted revenue of $2.44 billion, beating high-end guidance by $140 million. Adjusted EBITDA rose to $592 million (24% margin), up from $349 million (20% margin) in Q3. Full-year adjusted EBITDA margin expanded to 19%.
- **Market Share Growth**: Purchase market share increased to 5.5% (from 3.8% in 2024), driven by integration of Redfin and Mr. Cooper acquisitions.
- **Integration Progress**: Redfin expense synergies realized 6 months ahead of schedule; Mr. Cooper synergies on track for 2026 completion (originally targeted for 2027). Over 50% of Q4 refinance volume came from the servicing portfolio, up from 30% in Q4 2020.
- **Compass Partnership**: Strategic alliance to expand inventory and affordability, with Redfin as Compass' exclusive search portal and Rocket Mortgage offering preferred pricing bundles.
- **AI-Driven Efficiency**: Automating 800,000 chats/month, 1.8M texts/month, and 2M calls/month, reducing client acquisition costs and driving 2.5x higher conversion rates.

**【CFO Financial Commentary】**
- **Q4 Financials**: GAAP net income of $316 million, adjusted EPS of $0.11. Full-year adjusted EPS grew to $0.28 (from $0.23 in 2024). Net rate lock volume (excluding correspondent) reached $36 billion, with gain on sale margin of 320bps.
- **Q1 2026 Guidance**: Adjusted revenue expected between $2.6 billion and $2.8 billion, reflecting 20%+ YoY growth. Expense synergies from acquisitions to drive margin expansion.
- **Liquidity**: $2.8 billion in cash and $10.1 billion in total liquidity, supporting investment in growth initiatives.
- **Reclassification Impact**: $150 million reclassification of warehouse interest expense to direct costs, with no impact on profitability.

**【Q&A Key Highlights】**
- **Compass Partnership Structure**: Redfin generates 1M+ buyer leads/year for Compass agents, with Rocket Mortgage offering up to $6,000 off closing costs. Recapture rates on Mr. Cooper portfolio exceeded expectations, with 50%+ refinance volume from servicing book.
- **Mortgage Product Expansion**: Jumbo loan volume grew 70% YoY, with Rocket's preferred pricing bundle gaining 40% QoQ traction in Direct-to-Consumer purchases.
- **2026 Outlook**: Mortgage market expected to grow 20-25%, driven by low rates and affordability focus. Rocket's integrated ecosystem positions it to capture share across cycles.
- **Expense Leverage**: AI-driven automation reduces client acquisition costs, with 100% of purchase pre-approvals now digital and 24/7 availability.
- **Regulatory Environment**: Rocket views banks' potential mortgage re-entry as a long-term challenge, given Rocket's superior recapture rates and AI-driven efficiency.

Rocket Companies, Inc. (RKT) Q4 2025 Earnings Call Transcript

- **Revenue Surge**: Q3 revenue of $1.783B beat expectations, driven by 26% QoQ net rate lock volume growth and 13% Redfin purchase contribution.
- **AI-Driven Efficiency**: AI agents cut processing time by 80%, saving 150,000 team hours annually, and boosted conversion rates by 10% during the refinance wave.
- **Integration Success**: Mr. Cooper servicing-origination integration achieved first loan close in 3 days; Redfin attach rate rose to 40%, with 13% of Rocket's purchase closings from Redfin.
- **Future Growth**: 2026 outlook includes 25% market growth (Fannie Mae), with Rocket targeting 50% Redfin attach rate and $60M annual synergies. AI enables 63% YoY loan officer capacity growth.


**【CEO Summary Section】**
- **Q3 Revenue Growth**: Adjusted revenue of $1.783 billion exceeded guidance, driven by 26% QoQ increase in net rate lock volume ($36 billion) and 11% QoQ rise in closed loan volume ($32 billion). Market share gains in both purchase and refinance, with Q3 being the strongest quarter in 3 years.
- **AI Impact**: Launched 3 AI agents (Pipeline Manager, Purchase Agreement Review, Rocket Pro Broker Underwriting) that reduced processing time by 80%, saved 150,000 team hours annually, and boosted conversion rates by 10% during the refinance surge.
- **Integrations Progress**: Mr. Cooper integration achieved seamless servicing-origination platform connection within 30 days, with 40,000 leads flowing into Rocket's pipeline by day 9 and first loan closing in 3 days. Redfin's mortgage attach rate rose from 27% to 40%, with 13% of Rocket's purchase closings originating from Redfin.

**【CFO Financial Commentary】**
- **Financial Highlights**: Adjusted EBITDA of $349 million (20% margin), up from 13% in Q2. Adjusted EPS of $0.07. Home equity loan volume doubled YoY. Total expenses $1.789 billion, driven by Redfin costs, variable production expenses, and one-time integration costs.
- **Integration Synergies**: Redfin expense synergies of $140 million realized, with $35 million in Q3. Mr. Cooper integration on track to achieve $500 million in total synergies ($400M expense, $100M revenue). Q4 guidance: $2.1-2.3 billion adjusted revenue (7% YoY growth ex-Redfin/Mr. Cooper).
- **Capital Position**: Pro forma liquidity of $11 billion, including $4 billion available cash. Expanded revolving credit facility to $2.3 billion.

**【Q&A Key Highlights】**
- **Mr. Cooper Synergies**: 40,000 leads/day from Mr. Cooper servicing portfolio, with 400 loan officers onboarded in 30 days. Target 50% Redfin attach rate by 2026, with $60 million annual revenue synergies.
- **AI Efficiency**: Loan officers handle 63% more loans YoY due to AI, enabling infinite capacity growth. Servicing cost reduction of 1/3 vs. industry average.
- **2026 Outlook**: Fannie Mae forecasts 25% market growth, with Rocket poised to capture share via recapture engine (30% of $10M servicing portfolio eligible for refinance at 5.5% rates).
- **Servicing Cap**: FHFA 20% servicing cap not constraining growth; Rocket's capital and liquidity exceed regulatory requirements.


Rocket Companies, Inc. (RKT) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: Q2 adjusted revenue up 9% YoY to $1.34 billion, driven by home equity loans doubling YoY.
- **AI Efficiency**: 20,000+ annual hours saved via AI, digital refinance completed in 30 minutes.
- **Redfin Success**: 65 clients closed in first 3 weeks, 200,000+ pre-qual clicks, 30% higher conversion rates.
- **Mr. Cooper Deal**: Q4 close expected; recapture synergies on track with potential upside.
- **Cost Savings**: $80M annualized savings from restructuring and business closures.

**【CEO Summary Section】**
- **Q2 Financial Highlights**: Adjusted revenue of $1.34 billion (9% YoY growth), net rate lock volume of $28 billion (13% YoY), and adjusted EBITDA of $172 million (13% margin). Despite a slow housing market, home equity loan volume doubled YoY.
- **AI-Driven Execution**: AI tools reduced administrative tasks, enabling 20% increase in client follow-ups. Agentic AI processed 80% of purchase agreements, saving 20,000 annual hours. Fully digital refinance experience completed in under 30 minutes.
- **Redfin Integration Progress**: Co-branded platform launched, 65 clients closed within first 3 weeks, 200,000+ pre-qualification clicks, and 7,000 agent referrals. Preferred pricing offered 1% rate reduction or $6,000 credits.

**【CFO Financial Commentary】**
- **Financial Performance**: GAAP net income $75 million, adjusted EPS $0.04. Gain-on-sale margin 280bps, consistent with 12-month average. 
- **Cost Management**: $80 million annualized savings from headcount reduction, Canada closure, and credit card wind-down. Q3 expenses expected to rise by $335 million (including $275M Redfin costs).
- **Capital Position**: $9.1 billion liquidity, $4 billion unsecured bonds issued for Mr. Cooper deal. Post-close, debt will be refinanced, reducing interest expense.

**【Q&A Highlights】**
- **3Q Outlook**: Adjusted revenue $1.6-1.75 billion (6% YoY growth). Purchase season expected to extend due to moderating home prices. 
- **Redfin Synergies**: Early success with 30% higher conversion rates for Rocket-to-Redfin clients. Target $200 million synergies ($60M revenue, $140M expense). 
- **Mr. Cooper Deal**: On track for Q4 close. Recapture rate assumptions validated; potential for higher-than-expected synergies. 
- **AI Impact**: Digital refinance completion time reduced to 30 minutes, aiming for under 10 minutes. AI eliminates human constraints, enabling infinite capacity growth.

Rocket Companies, Inc. (RKT) Q2 2025 Earnings Call Transcript

- **Q1 Execution Excellence**: $1.3B revenue, 50%+ client volume growth per team member, AI-driven 80% call review efficiency improvement.
- **Market Resilience**: Despite April volatility, Q2 guide reflects 2% YoY growth, with May/June showing recovery.
- **AI-Driven Scale**: >$150B origination capacity, 50%+ cost reduction per client, and $1M+ annual savings from Agentic AI.
- **Acquisition Synergy**: $30+ petabyte data ecosystem, 30k+ broker network, and end-to-end homeownership platform to launch in 2025.
- **Financial Flexibility**: $8.1B liquidity, option to save $100M+ in H2 if volumes underperform, and 35% public float post-transaction.


**【CEO Market & Q1 Performance】**
- **Market Dynamics**: Housing inventory rose 25% YoY (3.2 to 4 months of supply), while 30-year mortgage rates dropped from 7% to 6.6% in Q1, but reversed in April due to tariff-induced market volatility.
- **Q1 Results**: Adjusted revenue $1.3B (high end of guidance), $0.04 EPS. March was strongest in 3 years: 21% more origination clients, 14% faster turn times, 50% higher per-team-member client volume.
- **AI Impact**: Agentic AI reduced transfer tax processing costs by 50%, and call analysis tools cut review time by 80%, enabling 10x scaling of coaching.
- **Acquisition Strategy**: Redfin and Mr. Cooper acquisitions to create $30+ petabyte data ecosystem, 30k+ broker network, and end-to-end homeownership platform. Integration plans include 35+ workstreams targeting Q2 2025 close.

**【CFO Financial Highlights】**
- **Q1 Financials**: $26B net rate lock volume (+17% YoY), 289bps gain-on-sale margin, $169M adjusted EBITDA (13% margin). Adjusted net income $80M, EPS $0.04.
- **Q2 Outlook**: Revenue $1.175B-$1.325B (midpoint +2% YoY). Elevated marketing spend ($100M+ Q1/Q2) expected to drop $100M+ in H2 as brand halo effect materializes.
- **Capacity Leverage**: Origination capacity >$150B (growing daily), enabling cost savings if volumes underperform. AI-driven efficiency reduces fixed costs by 50%+ per client.
- **Balance Sheet**: $2.9B cash, $7.4B MSR, $8.1B liquidity. Revolving credit facility expanded to $2.25B post-acquisition.

**【Q&A Key Takeaways】**
- **Market Risk**: April purchase apps fell to lowest level since 2009, but May/June showing early recovery. Q2 margins expected lower than Q1 due to April volatility.
- **Subservicing Strategy**: Fully support Cooper's subservicing business, honor contracts, and leverage Rocket's recapture expertise to protect asset value.
- **Rocket Pro Growth**: 30%+ dashboard usage growth, 9,000+ pricing calls on Arrive platform. Home equity loans hit record volume, with 10%+ YoY growth in purchase clients.
- **Integration Priorities**: Focus on 35+ workstreams across data, AI, and client experience. Target 35% public float post-Up-C collapse to simplify capital structure.


Rocket Companies, Inc. (RKT) Q1 2025 Earnings Call Transcript

- **Record 2024 Growth**: $4.9B adjusted revenue (+30% YoY), 18% EBITDA margin, and 54% more clients served in Q4 via AI.
- **Share Expansion**: 8% purchase market share gain, doubling affordability product volume, and 50% new clients in home equity.
- **Brand Leap**: Super Bowl campaign boosted brand awareness +9pts, Rocket.com apps up 7x YoY.
- **2025 Outlook**: $1.175-1.325B Q1 revenue (+7% YoY), $150B origination capacity with flat costs, and $8.2B liquidity.
- **AI Superpower**: 1M team hours saved in 2024, 54% client growth, and 600+ custom AI apps built.
- **MSR Momentum**: 2024 added $77B UPB, targeting $1.9T 2025 originations with disciplined capital allocation.


**【CEO Summary Section】**
- **2024 Financial Highlights**: Adjusted revenue of $4.9 billion (+30% YoY), 18% adjusted EBITDA margin (vs. 2% prior year), and $0.23 adjusted EPS. Q4 revenue reached $1.2 billion (+34% YoY), with 24 billion in net rate lock volume (+47% YoY).
- **Market Share Growth**: Purchase market share increased by 8% YoY, driven by affordability programs (e.g., Welcome Home RateBreak, RocketRentRewards) and strategic origination partnerships. Home equity volume doubled YoY, with 50% of clients new to Rocket.
- **Technology & AI**: Rocket Logic automation saved 1 million team member hours, enabling 54% more clients served in Q4. Navigator AI workflow platform doubled usage, with 600+ custom apps built by teams.
- **Brand Expansion**: Super Bowl campaign "Own the Dream" boosted brand awareness by 9 points. Rocket.com saw 7x increase in mortgage applications from home listing pages. 2024 servicing portfolio grew to $593 billion UPB (+17% YoY), with 308,000 new clients.

**【CFO Financial Commentary】**
- **Q4 2024 Results**: Adjusted net income of $85 million ($0.04 EPS), up from $17 million ($0.01 EPS) prior year. Gain on sale margin 295bps (+32bps YoY). Full-year 2024 net rate lock volume $101 billion (+28% YoY).
- **Cost Efficiency**: 18% adjusted EBITDA margin reflects 30% revenue growth and AI-driven cost savings. Q4 variable costs increased due to higher production, but fixed costs remained flat.
- **2025 Outlook**: Q1 2025 revenue guide $1.175-1.325 billion (+7% YoY midpoint). $100 million YoY expense increase driven by: 
  1. Variable costs from higher production
  2. Rocket Money marketing ($10-15M)
  3. Super Bowl brand refresh ($50M)
- **Liquidity**: $8.2 billion total liquidity (including $2.9B available cash). 2025 origination capacity $150 billion with flat fixed costs.

**【Q&A Key Themes】**
- **Market Growth**: 2025 originations expected $1.9T (+10-15% YoY). Rocket optimistic on share gains despite macro challenges.
- **Brand Impact**: Rocket.com conversion rates exceed Rocket Homes. Super Bowl campaign drove 30% brand lift, with 40% of servicing clients returning for repeat transactions.
- **AI ROI**: AI tools saved 1M team hours in 2024, enabling 54% client growth. 2025 focus on expanding Rocket Logic to wholesale partners.
- **MSR Strategy**: 2024 acquired $77B UPB through bulk purchases and subservicing. 2025 priority to grow servicing portfolio via selective acquisitions.
- **Risk Management**: 50% of closed-end seconds from new clients, creating pipeline for future refinances as rates decline.


Actual	1.42	1.21	1.14	0.89	0.46	0.57	0.32	0.15	-0.03	-0.08	-0.1	-0.06	-0.02	0	0	0.04	0.06	0.08	0.04	0.04	0.04	0.07	0.11
Forecast	1.4344	1.0939	0.8778	0.8963	0.4796	0.4804	0.3659	0.1853	0.0201	-0.0251	-0.1187	-0.0888	-0.041	-0.0243	-0.0533	0.006	0.0489	0.0801	0.0276	0.0384	0.0273	0.0449	0.0896
Surprise	-1.00%	+10.61%	+29.87%	-0.70%	-4.09%	+18.65%	-12.54%	-19.05%	-249.25%	-218.73%	+15.75%	+32.43%	+51.22%	+100.00%	+100.00%	+566.67%	+22.70%	-0.12%	+44.93%	+4.17%	+46.52%	+55.90%	+22.77%

RKT

RKT fundamentals

RKT Q4 2025 Earnings

Earnings Call

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RKT

RKT fundamentals

RKT Q4 2025 Earnings

Earnings Call

RKT Earnings Call Summary for Q4/20254:30 PM on Feb 26, 2026

RKT Earnings Call Summary for Q3/20254:30 PM on Oct 30, 2025

RKT Earnings Call Summary for Q2/20254:30 PM on Jul 31, 2025

RKT Earnings Call Summary for Q1/20254:30 PM on May 8, 2025

RKT Earnings Call Summary for Q4/20244:30 PM on Feb 27, 2025

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