Rocket Companies Q2 Earnings Beat, Strong Guidance Lifts RKT Stock

Rocket Companies (RKT) reported Q2 earnings that beat expectations, with revenue of $1.34 billion and EPS of 4 cents. The company's closed loan origination volume climbed 18% YoY to $29.1 billion. RKT guided for Q3 revenue of $1.60 billion to $1.75 billion, ahead of the consensus estimate. Shares surged 14.6% to $16.93.

Detroit, July 2, 2025 - Rocket Companies, Inc. (NYSE: RKT), the Detroit-based fintech platform company, announced its second-quarter 2025 financial results, which exceeded market expectations. The company reported total revenue of $1.36 billion and net income of $34 million, with adjusted revenue and net income of $1.34 billion and $75 million, respectively. Adjusted earnings per share (EPS) came in at $0.04, surpassing the high end of the company's guidance range.

Key highlights from the quarter include:

- Revenue Growth: The company's total revenue of $1.36 billion marked a 12% increase year-over-year (YoY), driven by strong performance across its mortgage, real estate, title, and personal finance businesses.
- Loan Origination Volume: Closed loan origination volume climbed 18% YoY to $29.1 billion, reflecting the company's robust growth in mortgage lending.
- Earnings: Adjusted net income of $75 million and adjusted EBITDA of $172 million underscored the company's profitability and operational efficiency.
- Guidance: For the third quarter of 2025, Rocket Companies guided for revenue between $1.60 billion and $1.75 billion, ahead of the consensus estimate of $1.55 billion.
- Stock Performance: Shares of Rocket Companies surged 14.6% to $16.93 on the news, reflecting investor confidence in the company's financial performance and outlook.

The company also highlighted several strategic initiatives and operational improvements, including the successful integration of Redfin, which was acquired in July. The acquisition is expected to drive growth in the real estate and mortgage segments.

Rocket Companies' strong Q2 performance and positive outlook for the third quarter position the company well for continued growth and profitability. The company's focus on innovation, operational efficiency, and strategic acquisitions is likely to drive further shareholder value.

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