Rocket Companies' Q2 Earnings Beat Expectations, Boosting Stock 5.3%

Rocket Companies (RKT) stock surged 5.3% in after-hours trading following Q2 earnings and revenue that beat expectations, driven by climbing loan originations. The lender issued strong Q3 guidance, with adjusted revenue expected to be between $1.12 billion and $1.15 billion, and loan volume exceeding consensus estimates.

Rocket Companies (RKT) stock surged 5.3% in after-hours trading following the release of its Q2 2025 earnings report, which beat market expectations. The fintech platform company, which includes mortgage, real estate, title, and personal finance businesses, reported a total revenue of $1.36 billion, net of $1.34 billion in adjusted revenue, and an adjusted net income of $75 million. These results were above the high end of the company's guidance range.

The company's adjusted revenue of $1.34 billion exceeded expectations, driven by a 13% increase in mortgage closed loan origination volume to $29.056 billion. This growth was supported by a 2.80% gain on sale margin, a 19 bps decrease compared to the same period last year. The company also reported a GAAP net income of $34 million, an adjusted EBITDA of $172 million, and an adjusted diluted earnings per share of $0.04.

Varun Krishna, CEO and Director of Rocket Companies, highlighted the successful completion of the Redfin acquisition as a significant milestone. He noted that the integration of Rocket and Redfin has already led to an expansion of the purchase funnel, rising conversion rates, and the closing of deals by Redfin clients with Rocket.

The company also provided strong Q3 guidance, with adjusted revenue expected to be between $1.12 billion and $1.15 billion, and loan volume exceeding consensus estimates. Rocket Mortgage, the company's mortgage platform, continues to innovate and enhance its digital offerings, including the launch of new AI-powered tools and a bridge loan product. The company's commitment to technology and innovation is evident in its recent hackathon, which saw participants develop transformative homeownership technology solutions.

In addition to its financial performance, Rocket Companies has been recognized for its leadership in client service. Rocket Mortgage was named #1 in client satisfaction for mortgage servicing by J.D. Power for the 11th consecutive year. The company's focus on technology and innovation, combined with its strong financial performance, positions it well for continued growth and success.

References:
[1] https://www.prnewswire.com/news-releases/rocket-companies-announces-second-quarter-2025-results-302518985.html