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Rocket Companies (RKT)
NYSE:RKT
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.12Last Year’s EPS
0.04Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive: the company beat Q4 revenue guidance, delivered strong volume and margin expansion, realized material integration synergies early, and highlighted sizable operating leverage from AI and automation that enabled higher volumes with lower headcount. Strategic moves (Redfin and Mr. Cooper acquisitions plus the Compass partnership) and scale metrics (market share gains, servicing UPB, liquidity) underpin a constructive outlook. Near-term presentation changes, reclassification and acquisition-related charges raise noise in Q1 results, and structural housing challenges (affordability, inventory) and macro/regulatory risks remain. On balance, operational outperformance and accelerating synergies substantially outweigh the noted near-term costs and market challenges.Company Guidance
Q4 Revenue Beat and Strong Top-Line
Adjusted revenue for Q4 of fiscal 2025 was $2.44 billion, beating the high end of guidance by $140 million.
Robust Volume and Margin Performance
Q4 net rate lock volume was $42 billion (excluding correspondent channel: $36 billion) with a fourth-quarter gain on sale margin of 320 bps (highest Q4 level since 2021). Full-year gain on sale margin was 283 bps.
Material EBITDA and EPS Improvement
Adjusted EBITDA rose from $349 million in Q3 to $592 million in Q4 (≈+69.6%), with EBITDA margin expanding from 20% to 24%. Full-year adjusted EBITDA margin improved to 19% from 18% year-over-year. Adjusted diluted EPS was $0.11 in Q4 and $0.28 for FY2025 versus $0.23 in FY2024 (≈+21.7%).
Market Share Gains
Market share grew to 5.5% in Q4 from 3.8% a year earlier — an increase of 1.7 percentage points (~45% relative increase).
Integration Progress & Realized Synergies
Closed Redfin and Mr. Cooper integrations are ahead of schedule. Rocket realized $140 million in Redfin expense synergies in under 6 months and expects Mr. Cooper synergies to be fully realized well ahead of the original 2027 target. Successfully migrated 600,000 loans in a single day to a unified servicing platform.
AI & Technology Delivering Operating Leverage
Management reported nearly $50 billion of loan volume in Q4 (annualized run-rate ~$200 billion) delivered with roughly half the headcount versus prior cycles. Automation yields 2.5x conversion for digitally qualified pre-approval leads; Rocket handles ~800,000 chats, 1.8 million texts, 2 million outbound calls and 5 million documents per month and stated it is capturing over $1 billion of incremental volume per month through automation.
Product and Channel Momentum
Redfin preferred pricing bundle purchase volume rose 40% quarter-over-quarter. Closed-end second product volume nearly doubled year-over-year with December the largest month ever (>$1 billion). Jumbo loan originations grew ~70% year-over-year.
Scale of Platform and Servicing Portfolio
Rocket reported 62 million monthly active users across Rocket and Redfin, served 460,000 customers via origination in 2025, supports 9.5 million servicing clients, and ended the year with $2.1 trillion in unpaid principal balance (≈$300 billion of UPB with note rates above 6%). Management estimates servicing generates ~$5 billion in annualized recurring cash flow.
Strong Liquidity Position
Company ended the year with $2.8 billion in available cash and total liquidity of $10.1 billion (available cash plus undrawn credit).
Strategic Alliance with Compass
Announced a partnership with Compass: Redfin becomes exclusive portal for Compass private/coming-soon listings, Compass becomes Redfin's largest brokerage partner (340,000 agents), Rocket Mortgage becomes Compass' digital mortgage partner; contract references >1 million buyer inquiries over three years and leverages Redfin's ~50 million MAUs.
RKT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RKT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $17.77 | $18.19 | +2.36% |
Oct 30, 2025 | $15.94 | $16.66 | +4.52% |
Jul 31, 2025 | $14.77 | $16.54 | +11.98% |
May 08, 2025 | $11.65 | $11.11 | -4.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Rocket Companies (RKT) report earnings?
Rocket Companies (RKT) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Rocket Companies (RKT) earnings time?
Rocket Companies (RKT) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RKT EPS forecast?
RKT EPS forecast for the fiscal quarter 2026 (Q1) is 0.12.