Rocket Companies Announces Fourth Quarter and Full Year 2025 Results

Detroit, MI, February 26, 2026 – Rocket Companies, Inc. (NYSE: RKT), the parent of Rocket Mortgage and affiliated fintech brands, released its financial results for the fourth quarter and full year ended December 31, 2025. The report not only shows a robust financial recovery compared to 2024, but also includes key strategic initiatives that could have significant implications for shareholders and the company’s future valuation.

Key Financial Highlights

• Full-Year Revenue Surge: Rocket Companies posted total revenue of \$6.91 billion in FY 2025, a substantial increase from \$4.43 billion in FY 2024.
• GAAP Net Income: The company reported a net income of \$68 million for Q4 2025 (up from a net loss of \$68 million in Q4 2024) and \$649 million for the full year 2025 (up from a net loss of \$23 million in 2024).
• EPS Improvement: Q4 2025 diluted earnings per share (EPS) was \$0.02 (Q4 2024: \$0.23), while full-year EPS improved to (\$0.05) from \$0.21 in 2024, reflecting the impact of share count and restructuring.
• Adjusted EPS: On an adjusted basis, diluted EPS for Q4 2025 stood at \$0.11 (Q4 2024: \$0.04), with full-year adjusted EPS of \$0.28 (2024: \$0.23).
• Adjusted Net Income: Adjusted net income for the year reached \$316 million (2024: \$85 million), indicating a stronger underlying performance after accounting for non-cash items and one-time expenses.
• Total Equity: Rocket Companies’ total equity rose sharply to \$22.90 billion at year-end 2025 (2024: \$9.04 billion).

Strategic & Operational Developments

• Three-Year Strategic Plan Announced: Management revealed a new three-year strategic roadmap aimed at accelerating technology investments, optimizing operating costs, and expanding into adjacent markets. While specifics were not disclosed, the company emphasized fintech innovation and consumer experience as central pillars.
• Significant Up-C Collapse and Share Count Change: As of June 30, 2025, Rocket Companies completed the Up-C collapse, moving to a two-class share structure. This has a direct impact on earnings per share calculations and could affect future capital allocation and shareholder returns.
• Robust Liquidity and Balance Sheet: The company finished 2025 with \$9.02 billion in cash and equivalents, up from \$5.10 billion in 2024. This positions Rocket well for strategic investments, potential dividends, or share buybacks.
• Reduction in Funding Facilities and Improved Leverage: Funding facilities were \$14.16 billion at year-end, up from \$6.80 billion, but supported by a stronger equity position and increased cash, suggesting improved financial flexibility.
• MSR (Mortgage Servicing Rights) Growth: MSRs at fair value grew to \$2.79 billion from \$2.24 billion, reflecting higher origination and servicing revenue. The company continues to benefit from its servicing portfolio, especially in a volatile rate environment.

Segments and Revenue Drivers

• Gain on Sale of Loans: For 2025, gain on sale of loans, net, reached \$3.81 billion (2024: \$3.01 billion), demonstrating strong origination activity and secondary market execution.
• Loan Servicing Income: Total loan servicing income was \$1.46 billion in 2025, compared to \$0.88 billion in 2024.
• Interest Income: Rocket reported \$0.16 billion of interest income for Q4 2025, up from \$0.10 billion in Q4 2024.
• Marketing and Advertising: The company continued to invest heavily in customer acquisition, with marketing and advertising expenses totaling \$6.91 billion for the year, up from \$4.43 billion in 2024, reflecting the push for growth.

Shareholder and Price-Sensitive Considerations

• Return to Profitability and Growth: The sharp turnaround in profitability, strong revenue growth, and significant cash build-up are positive indicators for future dividend potential, share buybacks, or growth investments, all of which can drive share price appreciation.
• Capital Structure Changes: The Up-C collapse and two-class share structure could influence shareholder voting, EPS comparability, and capital allocation decisions going forward.
• Strategic Plan and Technology Focus: The announcement of a three-year strategic plan focused on technology, fintech innovation, and operational efficiency could be a catalyst for re-rating the stock if execution is successful.
• Balance Sheet Strength: The significant increase in equity and liquidity provides Rocket Companies with flexibility to weather market volatility and pursue M&A or strategic investments, which may be closely watched by investors.
• Upcoming Earnings Call: Management will hold a conference call at 4:30 p.m. ET on February 26, 2026, which may provide further details on the strategic roadmap, capital allocation, and 2026 outlook. Investors should monitor this closely for additional disclosures or forward-looking statements.

Conclusion

Rocket Companies’ 2025 results demonstrate a major recovery and positive momentum, marked by a return to profitability, strong revenue growth, and a fortified balance sheet. The company’s new strategic plan, combined with a streamlined capital structure, sets the stage for potential accelerated growth and shareholder value creation in the coming years. These developments are highly relevant for investors and could significantly impact the company’s future share price.

Disclaimer

This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Financial figures are based on Rocket Companies’ official filings and press releases. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. The author makes no warranty as to the accuracy or completeness of the information presented.

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