RKT Rocket Companies (RKT) Q1 FY26 earnings call
Rocket Companies delivered strong Q1 FY26 results, exceeding revenue guidance and expanding EBITDA margins, driven by robust execution and strategic investments in AI. The company leveraged its integrated ecosystem, including Redfin and Mr. Cooper, to gain market share and accelerate synergy realization. Despite a challenging Q2 market outlook, Rocket is positioned for continued profitable growth through enhanced operating leverage and a balanced business model.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
RKT operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Net rate lock volume | $24BWe generated $24 billion in net rate lock volume, up 47% year-over-year.Source: earnings call transcript | $26BWe generated $26 billion in net rate lock volume, a 17% increase year-over-year and an 11% quarter-over-quarter increase, driven by growth in refinance and continued momentum in our home equity loan offering, which posted yet another record quarter.Source: earnings call transcript | $36BWe generated $36 billion in net rate lock volume, up 26% over the second quarter and $32 billion in closed loan volume, up 11% over the second quarter.Source: earnings call transcript | $42BWe delivered $42 billion in net rate lock volume.Source: earnings call transcript | $49BNet rate lock volume was $49 billion, up 19% from last quarter.Source: earnings call transcript | $47BWe generated $47 billion in total net rate lock volume and $49 billion in total closed loan volume.Source: earnings call transcript | -4.1% |
| Closed loan volume | — | — | $32BWe generated $36 billion in net rate lock volume, up 26% over the second quarter and $32 billion in closed loan volume, up 11% over the second quarter.Source: earnings call transcript | — | — | $49BWe generated $47 billion in total net rate lock volume and $49 billion in total closed loan volume.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.