US EditionPublished • loading... • Updated
Rocket Companies: Q3 Earnings Snapshot
Rocket Companies reported adjusted net income of $158 million despite a $124 million net loss tied to costs from the $14.2 billion acquisition of Mr. Cooper.
- On Thursday, Rocket Companies, Inc. reported a third-quarter net loss of $123.9 million on net revenue of $1.61 billion, the Detroit-based parent of Rocket Mortgage said.
- Rocket's recent $14.2 billion acquisition of Mr. Cooper followed the company's plan to build a vertically integrated homeownership platform for the AI era, the company said.
- Adjusted metrics revealed $1.78 billion in adjusted revenue and $158 million in adjusted net income, while Rocket Mortgage reported $32.4 billion in closed loan origination volume, up 14%.
- For the current quarter ending in December, Rocket Companies expects revenue between $2.1 billion and $2.3 billion after results exceeded Wall Street expectations.
- Looking at sequential and year-ago results, the previous quarter showed net income of $34 million on $1.36 billion in revenue, compared with a $481 million net loss on $647 million during the same quarter in 2024, the company said.
Insights by Ground AI
33 Articles
33 Articles
abc12/WJRT+29 Reposted by 29 other sources
Rocket Companies Announces Third Quarter 2025 Results
Generated Q3'25 total revenue, net of $1.61 billion and adjusted revenue of $1.78 billion. Adjusted revenue came in above the high end of our guidance rangeReported Q3'25 GAAP net loss of $124 million and adjusted net income of $158 millionDelivered…
·Flint, United States
Read Full Article
Rocket Companies' Q3 2025 earnings soar past expectations
Rocket Companies reported a third-quarter 2025 adjusted net income of $158 million on adjusted revenue of $1.78 billion, exceeding the high end of its guidance range, the Detroit-based mortgage lender said Thursday. On a GAAP basis, the company posted a net loss of $124 million on total revenue of $1.61 billion, up from Q2 2025’s revenue figure of $1.36 billion. Rocket generated $35.8 billion in net mortgage rate lock volume during the quarter, …
Coverage Details
Total News Sources33
Leaning Left2Leaning Right0Center17Last UpdatedBias Distribution89% Center
Bias Distribution
- 89% of the sources are Center
89% Center
11%
C 89%
Factuality
To view factuality data please Upgrade to Premium
