$RKT · Rocket Companies, Inc.
Rocket Companies reported Q3 2026 results with total revenue of $3.284B, nearly double the $1.695B in Q3 2025. GAAP net income swung to $709M from a -$124M loss a year ago, while adjusted EBITDA reached $748M versus $349M. The company guided Q4 adjusted revenue to $2.1B-$2.3B.
- Q3 total revenue, net of $3.284B nearly doubled from $1.695B in Q3 2025.
- GAAP net income swung to $709M from a -$124M loss YoY; adjusted EBITDA hit $748M vs $349M.
- Excluding correspondent, gain on sale margin was 3.33%; Direct to Consumer margin was 4.31%.
- Total servicing portfolio reached $2.0 trillion UPB across 9.1 million loans.
- Q4 adjusted revenue guidance set at $2.1B to $2.3B.
Extended-hours trading shows RKT at $12.50, up 4.87% vs the regular close of $11.92, reflecting strong positive reaction to the revenue surge and swing to profitability. The $33.66B market cap company delivered its highest profitability margin in nearly five years.
Rocket delivered its highest profitability margin in nearly five years while mortgage rates climbed to multi-year highs, validating its acquisition-and-AI strategy in a hostile rate environment.
Rocket claims #1 mortgage lender by volume across purchase, refinance, home equity, and servicing per Inside Mortgage Finance Q2 2026 rankings. The integration of Redfin and Mr. Cooper assets is driving recapture and cross-sell momentum that peers lack.
Mortgage rates climbed to a three-year high during Q3, which could pressure origination volumes going forward. The Q4 adjusted revenue guidance of $2.1B-$2.3B implies a sequential decline from Q3's $2.574B adjusted revenue.