RKT Rocket Companies (RKT) Q3 FY25 earnings call
Rocket Companies delivered a strong Q3 FY25, exceeding revenue guidance and gaining market share, driven by a surge in refinance activity and effective AI deployment. The company successfully integrated Redfin and closed the Mr. Cooper acquisition, creating a unique, vertically integrated homeownership platform designed for resilience across market cycles. Management is confident in future growth, leveraging AI for efficiency and expanding client reach.
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RKT operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | This call Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | 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.