Jun 2026 (Q2 FY26) — Aug 6, 2026
Rocket Companies Q2 FY26 — Profitable Market Share Growth Amidst Challenging Market
Read the full callRocket Companies (RKT) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Rocket Companies earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 230 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
What management said, and what became of it
16 of 17 judged targets kept · 20 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted revenue | $2.700 billion to $2.900 billion | Mar 2026 | Adjusted revenue was $2.8 billion, near the midpoint of our guidance range. | Achieved |
| Adjusted revenue | $2.5 billion to $2.7 billion | Jun 2026 | we expect adjusted revenue to be between $2.5 billion and $2.7 billion in the third quarter. | New |
1 of Rocket Companies, Inc.'s 37 targets was missed. See which ones, and which are quietly gone. The 2 above are the free sample; 35 more targets are in the full ledger.
Claimed
- Adjusted revenue was $2.8 billion, near the midpoint of guidance.
- Adjusted EBITDA margin expanded to 28%, up from 26% in Q1.
- Achieved highest ever quarterly market share in both purchase (6.2%) and refinance (14.3%).
- Net corporate leverage ended the quarter at 0.9x, 20% lower since year-end.
- Realized $100 million of annualized Mr. Cooper expense synergies, with an additional $100 million identified for H1 2027.
Qualified
- Affordability deteriorated as mortgage rates moved higher through May and June, weakening demand.
- Gain on sale margin, excluding correspondent, decreased to 311 basis points from 322 basis points in Q1.
- Expected Q3 mortgage market to be smaller than Q2, something not seen since 2022.
Price
$10.71 −0.65% · −$0.07
Performance −35.7% 1Y
1Y: $16.66 on 17 Oct 2025 → $10.71. High $23.44 (15 Jan 2026), low $10.53 (14 Oct 2026).
- Previous close
- $10.78
- 52-week range
- $10.53 – $23.44
- One year
- −37.48%
Overview
- Symbol
- RKT
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
16 of 17 judged targets kept · 20 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted revenue | $2.700 billion to $2.900 billion | Mar 2026 | Adjusted revenue was $2.8 billion, near the midpoint of our guidance range. | Achieved |
| Adjusted revenue | $2.5 billion to $2.7 billion | Jun 2026 | we expect adjusted revenue to be between $2.5 billion and $2.7 billion in the third quarter. | New |
Claimed
- Adjusted revenue was $2.8 billion, near the midpoint of guidance.
- Adjusted EBITDA margin expanded to 28%, up from 26% in Q1.
- Achieved highest ever quarterly market share in both purchase (6.2%) and refinance (14.3%).
- Net corporate leverage ended the quarter at 0.9x, 20% lower since year-end.
- Realized $100 million of annualized Mr. Cooper expense synergies, with an additional $100 million identified for H1 2027.
Qualified
- Affordability deteriorated as mortgage rates moved higher through May and June, weakening demand.
- Gain on sale margin, excluding correspondent, decreased to 311 basis points from 322 basis points in Q1.
- Expected Q3 mortgage market to be smaller than Q2, something not seen since 2022.
The full ledger
Open Rocket Companies, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 37 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
Rocket Companies Q1 FY26 — Strong Performance Driven by AI and Integration Synergies
Read the full callDec 2025 (Q4 FY25) — Feb 26, 2026
Rocket Companies Q4 FY25 — Strong Performance Driven by AI and Strategic Partnerships
Read the full callEvery analysed call
Rocket Companies earnings calls (RKT)
Financials
What the filings say
Net profit, year on year: +11600% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Expenses | 1,144 | 1,094 | 1,324 | 1,427 | 1,789 | 2,523 | 2,541 | 2,503 |
| Interest | — | — | 109 | 155 | — | — | 349 | 374 |
| Profit before tax | -497 | 675 | -223 | 24 | -184 | 169 | 400 | 281 |
| Tax rate | 3.2% | 3.9% | 4.9% | −41.7% | 32.8% | 59.6% | 25.8% | 18.5% |
| Net profit | -22 | 34 | -10 | -2 | -124 | 68 | 297 | 230 |
| EPS ($ per share) | -0.16 | — | -0.07 | -0.01 | -0.06 | — | 0.11 | 0.08 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | — | 0 | 207 | 378 | 300 | 284 | 313 | 124 |
| Total liabilities | — | 16,607 | 29,652 | 23,015 | 11,607 | 10,930 | 15,467 | 37,787 |
| Fixed assets | — | 176 | 211 | 254 | 274 | 251 | 214 | 260 |
| Total assets | — | 20,123 | 37,535 | 32,775 | 20,082 | 19,232 | 24,510 | 60,685 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,431 | -6,979 | -1,677 | 7,744 | 10,823 | 111 | -2,630 | -3,927 |
| Cash from investing | -94 | 72 | 517 | -665 | 579 | 861 | -496 | -2,532 |
| Cash from financing | -1,673 | 7,225 | 1,758 | -6,921 | -12,824 | -624 | 3,279 | 8,103 |
| Net cash flow | -337 | 319 | 598 | 157 | -1,422 | 348 | 152 | 1,645 |
| Capital expenditure | -64 | -49 | -106 | -118 | -93 | -60 | -68 | -91 |
| Free cash flow | 1,367 | -7,028 | -1,784 | 7,626 | 10,730 | 51 | -2,698 | -4,018 |
RKT operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | 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.
Insider filings
104 filings between Nov 6, 2025 and Oct 7, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$7.69M
45 sales by 2 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 14
- Award — granted as compensation
- 3
- Option exercise — converted options into shares
- 37
- Tax withheld — shares kept back by the company to cover tax
Also filed: 3 other filings, 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Bray Jesse K | — | $5.69M | Oct 2, 2026 |
| Rizik Matthew | — | $2.01M | Jan 12, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 7, 2026 | Mildenhall Jonathan Chief Marketing Officer | Tax withheld | 12,860 | $149.0K |
| Oct 7, 2026 | Edwards Noah A. Chief Accounting Officer | Tax withheld | 2,302 | $26.7K |
| Oct 7, 2026 | Brown Brian Nicholas President & Chief Fin Officer | Tax withheld | 16,112 | $186.7K |
| Oct 7, 2026 | Banfield William D. Chief Business Officer | Tax withheld | 8,056 | $93.4K |
| Oct 7, 2026 | Lovier Heather M. Chief Operating Officer | Tax withheld | 8,056 | $93.4K |
| Oct 7, 2026 | Malhotra Shawn Chief Technology Officer | Tax withheld | 13,751 | $159.4K |
| Oct 2, 2026 | Bray Jesse K Pres & CEO, Rocket Mortgage | Sale 10b5-1 plan | 92,300 | $1.14M |
| Oct 1, 2026 | Bray Jesse K Pres & CEO, Rocket Mortgage | Sale 10b5-1 plan | 132,700 | $1.59M |
| Oct 1, 2026 | Bray Jesse K Pres & CEO, Rocket Mortgage | Tax withheld 10b5-1 plan | 57,200 | $658.4K |
| Sep 15, 2026 | Bray Jesse K Pres & CEO, Rocket Mortgage | Sale 10b5-1 plan | 225,000 | $2.95M |
| Sep 8, 2026 | Krishna Varun Chief Executive Officer | Tax withheld | 58,259 | $819.1K |
| Sep 8, 2026 | Brown Brian Nicholas President & Chief Fin Officer | Tax withheld | 14,675 | $206.3K |
| Sep 7, 2026 | Bray Jesse K Pres & CEO, Rocket Mortgage | Tax withheld | 29,279 | $411.7K |
| Sep 7, 2026 | Krishna Varun Chief Executive Officer | Tax withheld | 126,999 | $1.79M |
| Sep 7, 2026 | Edwards Noah A. Chief Accounting Officer | Tax withheld | 12,009 | $168.8K |
| Sep 7, 2026 | Lovier Heather M. Chief Operating Officer | Tax withheld | 61,669 | $867.1K |
| Sep 7, 2026 | Malhotra Shawn Chief Technology Officer | Tax withheld | 37,930 | $533.3K |
| Sep 7, 2026 | Brown Brian Nicholas President & Chief Fin Officer | Tax withheld | 44,042 | $619.2K |
| Sep 7, 2026 | Banfield William D. Chief Business Officer | Tax withheld | 61,315 | $862.1K |
| Sep 7, 2026 | Rizik Matthew Director | Option exercise | 14,796 | — |
| Sep 7, 2026 | Mildenhall Jonathan Chief Marketing Officer | Tax withheld | 80,287 | $1.13M |
| Sep 7, 2026 | Rizik Matthew Director | Other | 14,796 | $208.0K |
| Aug 17, 2026 | Watterson Sarah Director | Award | 14,566 | $0 |
| Jun 10, 2026 | Rampell Alastair Director | Award | 16,312 | $0 |
| Jun 10, 2026 | MARINER JONATHAN D Director | Award | 16,312 | $0 |
| Jun 10, 2026 | SHANK SUZANNE F. Director | Award | 16,312 | $0 |
| Jun 10, 2026 | Olson Tagar Director | Award | 11,255 | $0 |
| Jun 7, 2026 | Rizik Matthew Director | Other | 12,261 | $155.1K |
| Jun 7, 2026 | Rizik Matthew Director | Option exercise | 12,261 | — |
| May 6, 2026 | Malhotra Shawn Chief Technology Officer | Tax withheld | 52,484 | $739.5K |
| Apr 7, 2026 | Brown Brian Nicholas President & Chief Fin Officer | Tax withheld | 16,112 | $242.2K |
| Apr 7, 2026 | Edwards Noah A. Chief Accounting Officer | Tax withheld | 2,302 | $34.6K |
| Apr 7, 2026 | Lovier Heather M. Chief Operating Officer | Tax withheld | 8,056 | $121.1K |
| Apr 7, 2026 | Banfield William D. Chief Business Officer | Tax withheld | 8,056 | $121.1K |
| Apr 7, 2026 | Malhotra Shawn Chief Technology Officer | Tax withheld | 13,751 | $206.7K |
| Apr 7, 2026 | Mildenhall Jonathan Chief Marketing Officer | Tax withheld | 12,860 | $193.3K |
| Apr 1, 2026 | Bray Jesse K Pres & CEO, Rocket Mortgage | Tax withheld | 57,200 | $815.1K |
| Mar 11, 2026 | Bray Jesse K Pres & CEO, Rocket Mortgage | Gift | 62,960 | $0 |
| Mar 11, 2026 | Bray Jesse K Pres & CEO, Rocket Mortgage | Gift | 30,100 | $0 |
| Mar 8, 2026 | Krishna Varun Chief Executive Officer | Tax withheld | 58,259 | $871.0K |
| Mar 8, 2026 | Brown Brian Nicholas President & Chief Fin Officer | Tax withheld | 14,675 | $219.4K |
| Mar 7, 2026 | Brown Brian Nicholas President & Chief Fin Officer | Tax withheld | 16,572 | $247.8K |
| Mar 7, 2026 | Brown Brian Nicholas President & Chief Fin Officer | Award | 367,892 | $0 |
| Mar 7, 2026 | Krishna Varun Chief Executive Officer | Tax withheld | 52,082 | $778.6K |
| Mar 7, 2026 | Krishna Varun Chief Executive Officer | Award | 1,003,344 | $0 |
| Mar 7, 2026 | Banfield William D. Chief Business Officer | Tax withheld | 44,053 | $658.6K |
| Mar 7, 2026 | Mildenhall Jonathan Chief Marketing Officer | Tax withheld | 60,949 | $911.2K |
| Mar 7, 2026 | Banfield William D. Chief Business Officer | Award | 234,113 | $0 |
| Mar 7, 2026 | Mildenhall Jonathan Chief Marketing Officer | Award | 234,113 | $0 |
| Mar 7, 2026 | Bray Jesse K Pres & CEO, Rocket Mortgage | Award | 418,060 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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