Rocket Stock Launches Higher After Q3 Earnings: What To Know

Core Insights - Rocket Companies Inc. reported third-quarter earnings that exceeded expectations, with earnings of seven cents per share compared to the Street estimate of five cents [2][4] - The company's quarterly revenue reached $1.78 billion, surpassing the consensus estimate of $1.66 billion [2] Financial Performance - The net mortgage rate lock volume generated was $35.8 billion, marking a 20% increase year-over-year [6] - Closed mortgage loan origination volume was $32.4 billion, reflecting a 14% increase compared to the same period last year [6] - Gain on sale margin improved to 2.8%, an increase of 2 basis points from the previous year [6] Liquidity and Portfolio - Total liquidity stood at $9.3 billion as of September 30, 2025 [6] - The servicing portfolio's unpaid principal balance was $613 billion, encompassing 2.9 million loans serviced, generating approximately $1.7 billion in recurring servicing fee income annually [6] Strategic Developments - The CEO highlighted the successful closing of the Mr. Cooper transaction, the largest independent mortgage company deal in history, and emphasized the company's goal of building a vertically integrated homeownership platform for the AI era [4]