Rocket Companies Announces First Quarter 2025 Results DETROIT, May 8, 2025 – Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit- based fintech platform company including mortgage, real estate, title and personal finance businesses, today announced results for the first quarter ended March 31, 2025. "We entered 2025 with strength, delivering $1.3 billion in adjusted revenue, at the high end of our guidance range in the first quarter. This demonstrates the power of the Rocke ...

Generated Q1'25 total revenue, net of $1.0 billion and adjusted revenue of $1.3 billion. Adjusted revenue came in at the high end of our guidance range Reported Q1'25 GAAP net loss of $212 million, or $0.08 GAAP diluted loss per share and adjusted net income of $80 million, or $0.04 adjusted diluted earnings per share Delivered Q1'25 adjusted EBITDA of $169 millionDETROIT, May 8, 2025 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platfor ...

The Zacks Mortgage & Related Services industry continues to be hurt by the uncertainty in the mortgage market due to several evolving macroeconomic factors. Given the relatively higher mortgage rates, the origination volume and refinance activity are not expected to witness significant growth.Amid the ongoing economic headwinds, diversified business operations and favorable scenarios for the servicing segment will likely help industry players like Lending Tree, Inc. (TREE) and Rocket Companies Inc. (RKT) .I ...

Core Viewpoint - Rocket Companies (RKT) stock has surged over +35% in 2025, driven by plans to acquire Redfin (RDFN) and Mr. Cooper Group (COOP), creating a comprehensive homeownership experience [1][4][5] Group 1: Acquisitions - Rocket Companies plans to acquire Redfin in an all-stock transaction valued at $1.75 billion, with Redfin's stock priced at $12.50 per share [4] - The acquisition of Mr. Cooper Group, valued at $9.4 billion with a stock price of $143 per share, will expand Rocket Companies' customer base and enhance its mortgage services [5] - The merger will result in a combined mortgage portfolio exceeding $2 trillion, serving nearly 10 million customers [6] Group 2: Financial Outlook - Total sales for Rocket Companies are projected to increase by 13% in fiscal 2025 and by another 21% in FY26, reaching $7.11 billion [7] - The acquisitions are expected to contribute over $3 billion in annual revenue [7] - Annual earnings are anticipated to double to $0.46 per share in 2025, compared to $0.23 in 2024, with FY26 EPS projected to rise by 69% to $0.78 [7][8] Group 3: Balance Sheet - Rocket Companies holds $1.28 billion in cash and equivalents, with total assets of $24.51 billion, significantly exceeding total liabilities of $15.46 billion, which includes $10.84 billion in long-term debt [9] Group 4: Market Sentiment - The potential for further rate cuts has increased optimism for mortgage service providers, with Rocket Companies being a market bellwether amid broader market declines [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential long-term value creation through the acquisitions, although better buying opportunities may arise after the recent rally [10]

Rocket Companies (RKT) shares rallied 10% in the last trading session to close at $13.86. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 6.3% loss over the past four weeks.Shares of RKT have been surging for two consecutive trading sessions, fueled by a major acquisition announcement. On Monday, the company revealed plans to acquire Mr. Cooper Group (COOP) for $9.4 billion. The news triggered a wave of bulli ...

Shares of Rocket Companies (RKT 12.94%) are soaring on Wednesday. The mortgage company's stock gained 11.3% as of 11:50 a.m. ET and was up as much as 15.7% earlier in the day. The jump comes as the S&P 500 and Nasdaq Composite showed modest gains.A major Wall Street bank upgraded the stock following a recent acquisition announcement.Deutsche Bank says it's a buyDeutsche Bank analyst Mark DeVries gave Rocket a boost, upgrading the stock from a hold to a buy and raising his price target to $16 from $14. DeVri ...

Trying to gain market share Shares of the mortgage giant Rocket Companies (RKT -9.86%) were trading about 8% lower at 11:48 a.m. ET today, after the company announced plans to acquire the large mortgage servicing company Mr. Cooper Group. Offering additional revenue diversity While Rocket currently makes the bulk of its revenue from originating mortgages, a business that doesn't perform as well when interest rates are high, Mr. Cooper Group makes the bulk of its revenue from servicing mortgages. This busine ...

Better home inventory and recent declines in long-term bond yields are bringing back potential buyers to the housing market after years of struggle due to high interest rates and prices. Earlier this month, Rocket acquired real estate listing firm Redfin in an all-stock deal valued at $1.75 billion. Rocket Cos. said Monday it would buy home loan service provider Mr. Cooper Group for $9.4 billion, boosting its mortgages business in its second big deal this month to take advantage of a rebound in U.S. housing ...

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Most-visited real estate brokerage website joins with largest mortgage lender Connects Redfin's nearly 50 million monthly visitors to Rocket's mortgage products Rocket Companies to collapse "Up-C" structure and declares a special cash dividend of $0.80 per share of Class A common stock to be paid on April 3 Rocket to host conference call and webcast today at 8:00 a.m. ET DETROIT and SEATTLE, March 10, 2025 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform consisting of mortg ...