Rocket Companies Exceeds Q2 Expectations, Revenue Soars 4.6% YoY

Rocket Companies (RKT) reported Q2 CY2025 results with sales up 4.6% YoY to $1.36 billion, beating market expectations. The fintech mortgage provider also exceeded revenue guidance for Q3 CY2025, with a midpoint of $1.68 billion. Non-GAAP profit per share was $0.04, above analyst estimates. The company's market capitalization stands at $30.84 billion.

Detroit, July 2, 2025 — Rocket Companies, Inc. (NYSE: RKT) reported its Q2 CY2025 results, showcasing a robust performance with sales up 4.6% year-over-year (YoY) to $1.36 billion, surpassing market expectations. The fintech mortgage provider also exceeded its revenue guidance for Q3 CY2025, with a midpoint of $1.68 billion. Non-GAAP profit per share was $0.04, outperforming analyst estimates. The company's market capitalization stands at $30.84 billion.

The quarterly results highlight significant growth in Rocket Companies' mortgage closed loan origination volume, which increased 18% YoY to $29.1 billion. Net rate lock volume also grew by 13% YoY to $28.4 billion. However, the gain on sale margin decreased to 2.80%, down by 19 basis points from the same period last year [4].

Varun Krishna, CEO and Director of Rocket Companies, noted, "Rocket delivered a standout second quarter, exceeding the high end of guidance with $1.34 billion in adjusted revenue and delivering adjusted diluted EPS of $0.04. Successfully closing the Redfin transaction marks a proud milestone in our legacy. We're already seeing early signs of what's possible with Rocket and Redfin together: our purchase funnel is expanding, conversion rates are rising, and Redfin clients are beginning to close with Rocket."

The acquisition of Redfin Corporation has been a strategic move, increasing Rocket Companies' Class A float to 12% and adding Redfin's platform, which attracts 50 million monthly active visitors. The company maintained a strong liquidity position with $9.1 billion in total liquidity as of June 30, including $5.1 billion in cash on the balance sheet. The servicing portfolio unpaid principal balance was $609 billion, representing approximately 2.8 million loans serviced, which generates about $1.6 billion in recurring servicing fee income annually [4].

Rocket Companies' stock price responded positively to the strong earnings report, increasing by 4.1% [2]. The company's forward guidance for the third quarter, projecting revenue between $1.6 billion and $1.75 billion, and an EPS estimate of $0.10, indicates continued optimism for the company's growth trajectory.

References:
[1] https://www.barchart.com/story/news/33759951/q2-holdings-nyseqtwo-posts-better-than-expected-sales-in-q2-provides-encouraging-quarterly-revenue-guidance
[2] https://www.investing.com/news/earnings/rocket-companies-stock-up-as-q2-results-top-estimates-93CH-4164482
[3] https://seekingalpha.com/news/4475924-rocket-companies-non-gaap-eps-of-0_04-beats-by-0_01-revenue-of-1_36b-beats-by-80m
[4] https://www.prnewswire.com/news-releases/rocket-companies-announces-second-quarter-2025-results-302518985.html