Rocket Companies, Inc., a Detroit-based fintech firm, reported a net loss of $234 million for the fiscal year ending December 31, 2025, a significant shift from the $636 million net income recorded in 2024. Despite this loss, the company's Adjusted EBITDA increased to $1.3 billion, up from $862 million in the previous year. The company's flagship business, Rocket Mortgage, remains the nation's largest mortgage originator by loan units and the largest mortgage servicer, managing a portfolio with an unpaid principal balance (UPB) of $2.1 trillion as of the end of 2025. The net client retention rate for the servicing portfolio stood at 97% annually.
A key driver of Rocket Companies' performance was its mortgage origination business, which saw a closed loan origination volume of $130.4 billion in 2025, a 29% increase from the $101.2 billion originated in 2024. This growth was fueled by both the Direct to Consumer and Partner Network segments, with origination volumes of $71.9 billion and $58.4 billion, respectively. The gain on sale margin, however, decreased slightly from 2.95% in 2024 to 2.83% in 2025. The company's purchase market share increased to 4.3%, up from 4.0% in the previous year, while the refinance market share remained constant at 12.1%.
Strategic acquisitions played a significant role in Rocket Companies' 2025 activities. The company completed the acquisition of Redfin, a digital real estate brokerage, on July 1, 2025, and Mr. Cooper, a mortgage servicer and originator, on October 1, 2025. These acquisitions were aimed at expanding Rocket Mortgage's capabilities and creating a more integrated homeownership ecosystem. The company also completed an Up-C Collapse on June 30, 2025, to simplify its organizational and capital structure.
Operationally, Rocket Companies continued to focus on technology and data, emphasizing the use of AI to enhance client experiences. As of December 31, 2025, the company had approximately 23,500 team members across the United States, Canada, and India. The company also rebranded key businesses under the "Rocket" brand, including Redfin as "Redfin Powered by Rocket" and Mr. Cooper as "Mr. Cooper Powered by Rocket Mortgage," to highlight a more connected experience across home search, real estate, and mortgage services. The company's future success depends on its ability to adapt to technological changes, manage risks associated with AI, and navigate the evolving regulatory landscape.
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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