AI-extracted from the 10-Q filed 2026-08-07 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Rocket Companies delivered net income of $230M on $2.8B total revenue in Q2 2026, boosted by 69% YoY closed loan volume growth to $49.1B and expanded servicing portfolio from acquisitions.
Biggest Revenue Drivers
Gain on sale of loans, net$1.2B+48% YoY
Increase in mortgage production volume with gain on sale margin of 2.48% vs. 2.80% prior year, reflecting Correspondent channel mix shift.
Loan servicing income, net$450M+123% YoY
Servicing fee income increased $665M to $1.1B driven by larger average portfolio from Mr. Cooper acquisition; Change in fair value of MSRs negative $616M reflecting portfolio collection/realization.
Biggest Revenue Drivers
Total revenue: $2.8B+92% YoY
Gain on sale of loans, net$1.2B+48% YoY
Increase in mortgage production volume with gain on sale margin of 2.48% vs. 2.80% prior year, reflecting Correspondent channel mix shift.
Loan servicing income, net$450M+123% YoY
Servicing fee income increased $665M to $1.1B driven by larger average portfolio from Mr. Cooper acquisition; Change in fair value of MSRs negative $616M reflecting portfolio collection/realization.
Interest income$583M+146% YoY
Custodial deposit income associated with larger average servicing portfolio and higher mortgage loan origination volume.
Other income$546M+179% YoY
Real estate services revenue increased $246M from Redfin transactions; Rocket Close revenue up $44M; Rocket Money revenue up $20M.
Largest Expense Items
Salaries, commissions and team member benefits$1.0B+69% YoY
Increased variable compensation from higher origination volume plus expenses for additional team members from acquisitions.
General and administrative expenses$568M+98% YoY
Acquisition-related expenses and increased variable costs associated with higher origination volume.
Depreciation and amortization$145M+437% YoY
Increase in amortization of intangible assets from Redfin and Mr. Cooper acquisitions.
Margins: Operating margin improved significantly: Q2 2026 generated $281M income before taxes on $2.8B revenue (10.1% margin) versus $24M on $1.5B revenue (1.7%) in Q2 2025. Adjusted EBITDA surged to $766M from $172M, reflecting strong origination leverage and acquisition integration benefits, though modest margin compression in Gain on sale margin from 2.80% to 2.48% due to Correspondent channel mix.
Watch Items from the Filing
Pending HouseCanary litigation: March 2026 jury verdict awarded $175M damages to HouseCanary on misappropriation/fraud claims; Rocket Close recorded $103M reserve as of June 30, 2026 versus $74M at December 31, 2025. Outcome uncertain; judgment not yet entered.
MSR portfolio represents $18.9B fair value asset exposed to interest rate and prepayment risks; 1.37% delinquency rate among 1.2T UPB serviced loans; 100 BPS OAS increase would reduce value by $692M.
Correspondent channel contributed $10.2B (21% of net rate lock volume) in Q2 2026 with only 0.19% gain on sale margin versus 4.13% for DTC, indicating channel profitability pressure.
Strong liquidity position of $11.2B as of June 30, 2026 ($3.1B cash plus $2.3B undrawn credit and $5.8B undrawn MSR/advance lines); company in compliance with all regulatory minimum net worth and capital requirements.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Watterson SarahDirectorGrant or award · Aug 17, 2026
About Rocket Companies, Inc. (RKT): stock profile, AI score and financials
Rocket Companies, Inc. (RKT) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores RKT at 74.7/100 on a composite quality score built from its SEC filings, placing it at rank #105 of 2,925 stocks — the top 5% of the AI-ranked universe. RKT scores in the top quartile across institutional flow (95.5), revenue growth (93.8), revenue scale (86.5). Areas of concern include earnings quality (4.0) and free cash flow (18.8), which score below median versus the broader universe. Shareholder dilution risk is elevated at 23.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Rocket Companies, Inc. reports quarterly revenue of $2.8B, net income of $230.0M, an operating margin of 10.1%. Top institutional holders of RKT by reported 13-F value include Capital World Investors, BlackRock, PRICE T ROWE ASSOCIATES, based on the most recent SEC filings. RKT trades on the NYSE exchange and files with the SEC under CIK 1805284. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate RKT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Rocket Companies, Inc. directly from SEC EDGAR.