Quarterly ResultAug 6, 2026, 05:32 PM
Rocket Companies Q2 Revenue $2.78B; GAAP Net Income $229M
AI Summary
Rocket Companies announced strong second quarter 2026 results, with total revenue, net, reaching $2.78 billion and GAAP net income of $229 million. The company reported its most profitable quarter in four years, driven by record levels of purchase and refinance market share. Operational highlights included becoming the nation's #1 home equity lender, expanding the Redfin partnership, and scaling AI-powered tools across operations. Rocket Companies also issued $1.5 billion in senior notes and provided a Q3 2026 adjusted revenue outlook of $2.5 billion to $2.7 billion.
Key Highlights
- Q2 2026 total revenue, net, was $2.78 billion, up from $1.45 billion in Q2 2025.
- Q2 2026 GAAP net income was $229 million, compared to $34 million in Q2 2025.
- Q2 2026 adjusted net income reached $441 million, significantly up from $75 million in Q2 2025.
- Q2 2026 adjusted EBITDA was $766 million, an increase from $172 million in Q2 2025.
- Total liquidity stood at $11.2 billion as of June 30, 2026, including $3.1 billion cash.
- Issued $1.5 billion in senior notes in June 2026, upsized from $1.2 billion.
- Q3 2026 adjusted revenue is projected to be between $2.5 billion and $2.7 billion.
- Total servicing portfolio unpaid principal balance was $2.0 trillion as of June 30, 2026.
Price Impact
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