Rocket Companies, Inc. filed its third-quarter 2026 earnings release on October 29, 2026, reporting total revenue, net of $3.284 billion and GAAP net income of $709 million for the quarter ended September 30, 2026.

Key Highlights

  • Total revenue, net: $3.284 billion in Q3 2026, compared to $1.695 billion in Q3 2025, according to the filing.
  • GAAP net income: $709 million in Q3 2026, compared to a GAAP net loss of $124 million in Q3 2025.
  • Adjusted EBITDA: $748 million in Q3 2026, up from $349 million in Q3 2025.
  • Total closed mortgage loan origination volume: $43.6 billion, with a total gain on sale margin of 2.54%.
  • Total servicing portfolio: Unpaid principal balance of $2.0 trillion, covering 9.1 million loans serviced as of September 30, 2026.
  • Total liquidity: $11.4 billion as of September 30, 2026, including $2.7 billion in cash and cash equivalents.
  • Q4 2026 outlook: The company disclosed it expects adjusted revenue between $2.1 billion and $2.3 billion for Q4 2026.

Rocket Companies Reports Highest Profitability Margin in Nearly Five Years for Q3 2026

Rocket Companies (NYSE:RKT) reported third-quarter 2026 results showing a year-over-year swing from a net loss to a net gain. According to the filing, total revenue, net reached $3.284 billion in Q3 2026 versus $1.695 billion in Q3 2025, while GAAP diluted earnings per share came in at $0.25 compared to a diluted loss per share of $0.06 in the same quarter a year earlier. Adjusted diluted earnings per share were $0.15 in Q3 2026, up from $0.07 in Q3 2025. Year-to-date GAAP net income was reported at $1.235 billion versus a net loss of $302 million for the comparable 2025 period.

On the origination side, the filing reported that excluding correspondent volume, Rocket generated $30.4 billion in net rate lock volume and $33.5 billion in closed mortgage loan origination volume. Direct to Consumer accounted for $22.1 billion in net rate lock volume at a gain on sale margin of 4.31%, while Rocket Pro generated $8.2 billion in net rate lock volume at a margin of 0.70%. Correspondent contributed $10.0 billion in net rate lock volume at a gain on sale margin of 0.15%. The company also disclosed that during Q3 2026, mortgage servicing rights sales totaled $23 billion of unpaid principal balance, generating $379 million of cash proceeds, with the company retaining subservicing and recapture services on nearly 70% of the MSRs sold.

The filing noted several operational milestones, including that AI pulled credit on nearly 20% of Direct to Consumer loan volume before a client spoke with a loan officer, up from zero a year ago, and that Rocket's AI voice platform handled 65% of inbound calls in servicing, resolving more than half on its own. The company also disclosed the appointment of Alessio Sanfilippo as Chief Executive Officer of Redfin and Sarah Watterson as an independent director, increasing the board to 10 members. CEO Varun Krishna stated, "We changed the economics of our business. Rates went up. We took share. Profits grew. That's not a coincidence."

What Was Disclosed

Rocket Companies disclosed Q3 2026 financial results including total revenue, net of $3.284 billion, GAAP net income of $709 million, adjusted EBITDA of $748 million, total closed loan origination volume of $43.6 billion, and a total servicing portfolio of $2.0 trillion unpaid principal balance across 9.1 million loans.