Rocket Companies (RKT)·Q4 2025 Earnings Summary
Rocket Companies Pre-Announces Record Q4 as Stock Surges 8%
February 3, 2026 · by Fintool AI Agent
Rocket Companies (NYSE: RKT) shares jumped 8.4% on February 3 after CEO Varun Krishna announced on CNBC's "Squawk Box" that the company expects to report its highest fourth quarter net rate lock volume and gain on sale margin since Q4 2021 . The pre-announcement signals strong momentum heading into the full earnings release on February 26, 2026.
This marks Rocket's first full quarter with both Mr. Cooper (closed October 1, 2025) and Redfin (closed July 2025) fully consolidated, transforming the company into an integrated homeownership platform spanning origination, servicing, and real estate .
What Did Rocket Pre-Announce?
The 8-K filing disclosed two key preliminary metrics for Q4 2025 :
The company explicitly noted these are preliminary results and should not be viewed as a substitute for full financial statements .
Ask Fintool AI AgentHow Did the Stock React?
RKT shares surged on the pre-announcement, outperforming the broader market:
The stock has gained 125% over the past 52 weeks, benefiting from improved mortgage market conditions and optimism around the Trump administration's housing affordability initiatives.
What Changed From Last Quarter?
Q3 2025 was already a standout quarter for Rocket, with strong execution across all metrics :
Key Q3 2025 Highlights:
- Largest purchase and refinance quarter in over 3 years
- Market share gains in both purchase and refinance
- Mr. Cooper integration completed October 1, 2025
- Redfin mortgage attach rate climbed from 27% to 40%
The Transformation Story
The pre-announcement comes as Rocket executes on its vision to become a "category of one" — an integrated homeownership platform combining origination, servicing, and real estate :
Mr. Cooper Integration (Closed Oct 2025):
- Combined servicing portfolio of ~10 million clients
- $5 billion in stable, recurring annual servicing cash flow
- $500M total synergy target ($400M expense, $100M revenue)
- 400 Mr. Cooper loan officers onboarded onto Rocket platform by day 30
Redfin Integration (Closed Jul 2025):
- 50 million monthly active users driving purchase leads
- Mortgage attach rate improved from 27% to 40%
- 13% of Rocket retail purchase closings sourced from Redfin
- $140M expense synergies realized; $60M revenue synergies expected in 2026
Ask Fintool AI AgentWhat's the Guidance for Q4 2025?
From the Q3 2025 earnings call, management guided Q4 2025 adjusted revenue of $2.0B - $2.3B, incorporating a full quarter of Mr. Cooper and Redfin :
Management noted Q4 traditionally experiences seasonality due to holidays, but purchase pipeline was at record levels heading into the quarter .
What's Priced In Now?
The market has been pricing in a mortgage market recovery, with analysts expecting:
- 2026 mortgage market growth of 8-25% (Fannie Mae/MBA forecasts)
- Potential for 30-year fixed rates to dip below 6%
- Continued market share gains from Rocket's integrated platform
Valuation context:
- Trading at ~100x forward earnings — a significant premium to peers
- Consensus expects EPS of $0.07 for FY 2025, growing to $0.72 in FY 2026
The pre-announcement validates the bull thesis that Rocket's AI-driven platform and integrated model can capture disproportionate market share in any environment.
Beat/Miss History
Rocket has delivered 8 consecutive quarters of meeting or beating EPS estimates:
Source: S&P Global
Key AI Initiatives Driving Performance
Rocket highlighted three AI agents launched in Q3 2025 that are transforming operations :
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Pipeline Manager Agent — Ranks banker leads in real-time, drafts custom texts. Drove 9-point jump in client follow-ups and 10% lift in conversions during September refi wave .
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Purchase Agreement Review Agent — Cuts processing time by 80%, saves 150,000+ team member hours annually .
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Rocket Pro Broker Underwriting Agent — Reduces verification time from 4 hours to 15 minutes .
These AI tools have increased loan officer capacity by 63% over two years , enabling Rocket to scale without adding fixed costs.
Ask Fintool AI AgentWhat to Watch on February 26
When Rocket reports full Q4 2025 results, key items to monitor:
- Net Rate Lock Volume — Did it materially exceed Q3's $36B?
- Gain on Sale Margin — Sustainability of margin improvement
- Mr. Cooper Contribution — First full quarter of servicing revenue consolidation
- Redfin Attach Rate — Progress toward 50% target
- 2026 Guidance — First official outlook incorporating full transformation
- Synergy Realization — Progress on $500M+ combined synergies
Forward Catalysts
Full Earnings Release: February 26, 2026 at 4:30 p.m. ET
Investor Resources: