Rocket Companies Announces First Quarter 2026 Results
Rocket Companies reported Q1 total revenue of $2.94 billion, more than doubling year-over-year, with GAAP net income of $297 million compared to a prior year loss. Adjusted revenue of $2.82 billion exceeded the high end of company guidance, driven by strong origination volume and gain-on-sale margins. The company generated $49.4 billion in net rate lock volume and $44.7 billion in closed loan volume during the quarter. Total liquidity remains robust at $9.4 billion, while the servicing portfolio grew to $2.1 trillion in unpaid principal balance.
Key figures
- Eps
- 0.1
- Revenue
- 2941000000
- Guidance
- Q2 2026 adjusted revenue $2.7B-$2.9B
- Liquidity
- 9400000000
- Adjusted ebitda
- 738000000
- Adjusted revenue
- 2822000000
- Closed loan volume
- 44700000000
- Adjusted net income
- 422000000
- Gain on sale margin
- 2.74%
- Net rate lock volume
- 49400000000
- Servicing portfolio upb
- 2.1 trillion
AI analysis
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