Quarterly ResultAug 7, 2026, 07:37 AM
Rocket Companies Q2 Net Income $230M; Revenue +91.8% to $2.78B
AI Summary
Rocket Companies reported a significant turnaround in its second quarter 2026 financial results, achieving a net income of $230M compared to a net loss in the prior year period. Total revenue surged by 91.8% to $2.78B, driven by strong growth in both gain on sale of loans and loan servicing income. The results reflect the impact of strategic acquisitions completed in 2025 and the simplification of its organizational structure.
Key Highlights
- Net income attributable to Rocket Companies was $230M for Q2 2026, up from $(2)M in Q2 2025.
- Total revenue, net, increased 91.8% to $2.78B for Q2 2026, from $1.45B in Q2 2025.
- Diluted earnings per share (EPS) was $0.08 for Q2 2026, compared to $(0.01) in Q2 2025.
- Gain on sale of loans, net, rose to $1.21B in Q2 2026 from $816M in Q2 2025.
- Loan servicing income, net, increased to $450M in Q2 2026 from $202M in Q2 2025.
- Cash and cash equivalents stood at $3.10B as of June 30, 2026.
- Total assets were $60.98B as of June 30, 2026.
Price Impact
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