Rocket Companies (RKT) Company Report

Rocket Companies has strategically refocused on its core mortgage and home ownership business, divesting from ancillary ventures to prioritize market share in this segment.
In 2025, Rocket completed two key acquisitions: Redfin, to engage consumers earlier in the home buying process and leverage its 50 million monthly active users (MAUs), and Mr. Cooper, to achieve significant scale in mortgage servicing with a combined 10 million loans serviced and enhance client recapture.
The company is heavily investing in AI integration, utilizing its 30 petabytes of proprietary data to improve operational efficiency (loans per team member) and drive revenue growth by optimizing the conversion funnel.
Rocket aims to achieve 8% market share in purchase mortgages and 20% in refinancing, driven by increased recapture rates from its expanded servicing portfolio and the Redfin platform.
Management anticipates industry consolidation as challenging market conditions lead some competitors and banks to pull back, creating a growth opportunity for Rocket.

1 day ago

Transcript

Rocket Companies Discusses Strategy, Acquisitions, and AI at UBS Conference

RKT

M&A

New Projects/Investments

Rocket Companies is doubling down on its core mortgage and home ownership business, aiming to create a unified platform that integrates various services to improve consumer experience and cost-effectiveness.
In 2025, Rocket made two significant acquisitions: Redfin and Mr. Cooper. The Redfin acquisition leverages 50 million monthly active users (MAUs) to engage customers earlier in the home-buying process, while the Mr. Cooper acquisition expands servicing capabilities, resulting in a combined 10 million loans serviced.
The company is heavily investing in AI, utilizing 30 petabytes of proprietary data from its combined entities to enhance efficiency, reduce costs, and optimize revenue generation in the mortgage process.
Rocket aims to achieve 8% market share in purchase and 20% in refi, driven by increased recapture rates, Redfin's user base, and improved conversion funnels. The CFO anticipates industry consolidation, which could create further opportunities for Rocket.

1 day ago

Transcript

Rocket Companies CFO Discusses Strategic Focus, Acquisitions, and AI at UBS Conference

RKT

M&A

New Projects/Investments

Revenue Acceleration/Inflection

Rocket Companies is doubling down on its core mortgage and home ownership business, exiting ancillary ventures to prioritize market share and total addressable market (TAM) in its primary sector.
The company has made strategic acquisitions, including Redfin to grow purchase share by engaging consumers earlier in the home buying process, leveraging its 50 million monthly active users (MAUs), and Mr. Cooper to gain scale in mortgage servicing, combining for 10 million loans and improving recapture rates. The attachment rate of Redfin realtors to Rocket Mortgage has already increased from 25% to over 40%, with a goal of 50%.
Rocket is heavily investing in AI, leveraging its proprietary systems and 30 terabytes of data (from Rocket, Redfin, and Mr. Cooper) to train models for increased efficiency in the human-capital-intensive mortgage process, enhancing sales effectiveness and underwriting.
The company aims for significant market share growth, targeting 8% in purchase and 20% in refi, driven by increased recapture rates from its expanded servicing portfolio and the integration of Redfin, anticipating industry consolidation.

1 day ago

Transcript

Rocket Companies Announces Third Quarter 2025 Results and Q4 2025 Outlook

RKT

Earnings

M&A

Guidance Update

Rocket Companies reported adjusted revenue of $1.78 billion for Q3 2025, exceeding the high end of its guidance range, and a GAAP net loss of $124 million.
The company's Q3 2025 mortgage closed loan origination volume increased by 14% year-over-year to $32.4 billion, while net rate lock volume grew by 20% year-over-year to $35.8 billion.
On October 1, 2025, Rocket Companies completed an all-stock acquisition of Mr. Cooper Group, Inc., the largest home loan servicer in the United States.
For Q4 2025, Rocket Companies anticipates adjusted revenue to be between $2.1 billion and $2.3 billion.

Oct 30, 2025, 9:13 PM

8-K

Rocket Companies Reports Q3 2025 Results and Provides Q4 2025 Outlook

RKT

Earnings

Guidance Update

M&A

Rocket Companies reported adjusted revenue of $1,783 million and adjusted diluted EPS of $0.07 for Q3 2025. Net rate lock volume increased 26% quarter over quarter to $36 billion, contributing to an adjusted EBITDA of $349 million.
Significant progress was made on the integrations of Redfin and Mr. Cooper, which closed on schedule. The Redfin integration resulted in over 500,000 users starting home financing applications in September and an increase in the mortgage attach rate from 27% to nearly 40%. The Mr. Cooper integration saw 40,000 leads flow into Rocket's pipeline by day nine and the onboarding of 400 loan officers within 30 days.
AI-powered tools enhanced operational efficiency, with a refinance agent driving a nine-point jump in client follow-ups and a 10% lift in conversions. Additionally, a Purchase Agreement Review agent reduced processing time by 80%, saving over 150,000 team member hours annually.
For Q4 2025, Rocket Companies anticipates consolidated adjusted revenue, inclusive of the acquisitions, to be between $2 billion and $2.3 billion. Total consolidated expenses are projected at approximately $2.3 billion.

Oct 30, 2025, 8:30 PM

Transcript

Rocket Companies Reports Q3 2025 Results and Details Acquisitions

RKT

Earnings

M&A

Guidance Update

Rocket Companies reported Adjusted Revenue of $1,783 million and Adjusted EBITDA of $349 million for Q3 2025, with these results including a full quarter consolidation of Redfin.
The company completed the acquisition of Redfin on July 1, 2025, and Mr. Cooper on October 1, 2025, significantly expanding its integrated homeownership platform.
Rocket maintains a strong liquidity position, with $9.3 billion in total liquidity as of Q3 2025, and a pro forma liquidity of approximately $11 billion following the Mr. Cooper acquisition.
The company is focused on an AI-fueled homeownership strategy, having invested $500 million in AI and achieving 1.1 million+ hours saved annually through AI and automation in mortgage underwriting.
For Q4 2025, Rocket forecasts Adjusted Revenue between $2,100 million and $2,300 million, incorporating a full quarter of consolidated financial results from Redfin.

Oct 30, 2025, 8:30 PM

Presentation

Rocket Companies Announces Third Quarter 2025 Results and Q4 2025 Outlook

RKT

Earnings

Guidance Update

M&A

Rocket Companies reported Q3 2025 total revenue, net of $1.61 billion and adjusted revenue of $1.78 billion, exceeding its guidance range. The company also delivered adjusted net income of $158 million and adjusted EBITDA of $349 million for the quarter.
In Q3 2025, mortgage closed loan origination volume increased by 14% year-over-year to $32.4 billion, and net mortgage rate lock volume rose by 20% to $35.8 billion.
As of September 30, 2025, total liquidity was $9.3 billion, which included $5.8 billion of cash on the balance sheet.
The company completed the acquisition of Mr. Cooper Group, Inc. on October 1, and Jay Bray was appointed President and CEO of Rocket Mortgage on the same date.
For Q4 2025, adjusted revenue is expected to be between $2.1 billion and $2.3 billion.

Oct 30, 2025, 8:05 PM

Press Release

Rocket Companies Completes Mr. Cooper Acquisition and Announces Board and Executive Changes

RKT

M&A

Debt Issuance

Board Change

Rocket Companies, Inc. completed the acquisition of Mr. Cooper Group Inc. on October 1, 2025.
The company finalized exchange offers for Nationstar Mortgage Holdings Inc.'s 6.500% Senior Notes Due 2029 and 7.125% Senior Notes Due 2032, with $738,075,000 and $955,326,000 aggregate principal amounts tendered, respectively, and issued new Rocket Notes.
Rocket Companies also completed tender offers for Nationstar's 5.125% Senior Notes due 2030 and 5.750% Senior Notes due 2031, with $574,308,000 and $535,765,000 aggregate principal amounts tendered.
The Board of Directors appointed Jay Bray, former CEO of Mr. Cooper, as a Class II director and executive officer (President and CEO of Rocket Mortgage), and Tagar Olson as a Class I director, effective October 1, 2025.

Oct 1, 2025, 8:17 PM

8-K

Rocket Companies Completes Mr. Cooper Acquisition

RKT

M&A

Board Change

New Projects/Investments

Rocket Companies has completed a $14.2 billion all-stock acquisition of Mr. Cooper Group, integrating it with Rocket's loan origination to serve nearly 10 million homeowners.
This deal follows Rocket's earlier $1.75 billion acquisition of Redfin, enhancing its offerings with a real estate listing platform and brokerage services.
Jay Bray, former Mr. Cooper leader, will now serve as President and CEO of Rocket Mortgage and join Rocket's board of directors.
The combined company aims to lower costs and simplify the homebuying process by integrating mortgage servicing, loan origination, AI technology, and home search, solidifying Rocket's position with a servicing portfolio valued at $1.27 trillion in mortgage servicing rights.

Oct 1, 2025, 2:17 PM

Bloomberg

Rocket Companies Completes Acquisition of Mr. Cooper

RKT

M&A

CEO Change

Board Change

Rocket Companies completed the $14.2 billion acquisition of Mr. Cooper Group on October 1, 2025.
This transaction unites Rocket Companies, the largest home loan originator, with Mr. Cooper, the largest mortgage servicer, creating a combined servicing portfolio of nearly 10 million homeowners.
Jay Bray, Mr. Cooper's current CEO, will become the new President and CEO of Rocket Mortgage and join Rocket's board of directors.
Mr. Cooper and all its servicing functions will be rebranded under the Rocket umbrella.

Oct 1, 2025, 11:50 AM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for Rocket Companies.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Varun Krishna say about margins?What are Rocket Companies's strategic priorities?How is Rocket Companies positioned vs competitors?How did Rocket Companies do last quarter?

Let Fintool AI Agent track Rocket Companies's earnings for you

Get instant analysis when filings drop