Rocket Companies, Inc. reported significant financial developments in its latest 10-Q filing for the quarter ending September 30, 2025. The company generated total revenue of $1.6 billion, a substantial increase of 148% from $646.9 million in the same quarter of 2024. This growth was primarily driven by a 22% rise in the gain on sale of loans, which reached $1.0 billion, compared to $844.4 million a year earlier. The net loss for the quarter was $123.9 million, a notable improvement from a loss of $481.4 million in the prior year, reflecting a decrease in losses attributed to better operational performance and increased loan origination volumes.
In the nine months ending September 30, 2025, Rocket Companies reported total revenue of $4.0 billion, up 20% from $3.3 billion in the same period of 2024. The net loss for this period was $302.2 million, a significant increase from a loss of $12.8 million in the previous year. The company attributed this improvement to a 13% increase in closed loan origination volume, which totaled $83.1 billion, compared to $73.4 billion in 2024. The adjusted EBITDA for the nine months was $690.1 million, slightly higher than $685.0 million in the prior year.
Strategically, Rocket Companies completed two major acquisitions in 2025: Redfin on July 1 and Mr. Cooper on October 1. These acquisitions are expected to enhance the company's market position and operational capabilities. Additionally, the company underwent an Up-C Collapse on June 30, 2025, simplifying its organizational structure and eliminating non-controlling interests, which has streamlined its financial reporting.
Operationally, Rocket Companies reported a total of 2.86 million loans serviced as of September 30, 2025, with a total serviced UPB of $613.1 billion, compared to $546.1 billion a year prior. The company also noted a slight increase in its servicing delinquency rate, which stood at 1.41%. The number of Rocket Money paying subscribers increased to 4.5 million, up from 3.9 million in the previous year, indicating strong growth in its personal finance segment.
Looking ahead, Rocket Companies expressed optimism about its future performance, citing improved market conditions and the successful integration of its recent acquisitions. The company anticipates that the combination of its enhanced service offerings and expanded market reach will drive further growth in revenue and profitability.
About Rocket Companies, Inc.
Rocket Companies is a Detroit-based financial technology firm specializing in mortgage, real estate, and personal finance services. Its core offerings include Rocket Mortgage, a digital mortgage lender; Rocket Homes, a home search platform; Rocket Close, a title and settlement provider; Rocket Money, a personal finance app; and Rocket Loans, a personal lending business. The company leverages AI, proprietary technology, and data insights to deliver seamless, client-centric digital experiences across the homeownership lifecycle.
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