On this page of StockholderLetter.com we present the latest annual shareholder letter from Rocket Companies, Inc. — ticker symbol RKT. Reading current and past RKT letters to shareholders can bring important insights into the investment thesis.
2025 Annual Report
Rocket is in a category of one. We are a homeownership company with an integrated end-to-end platform designed to deliver speed and certainty at scale.
A letter from our CEO Dear Rocket Stockholders, In 2025, Rocket demonstrated who we are. We delivered strong financial results while fundamentally reshaping our company through the successful closing and integration of Redfin and Mr. Cooper two transformative acquisitions that position Rocket for growth across market cycles. This was a year of decisive action and exceptional execution. For the full year, we generated $6.9 billion in adjusted revenue.1 Our adjusted EBITDA margin1 expanded to 19 percent, up from 18 percent in 2024. Adjusted diluted EPS1 reached 28 cents, compared to 23 cents in 2024. We executed against our financial and operational goals in every quarter in 2025, reflecting the strength of our business model and passion of our team members. ~10M With the integration of Redfin and Mr. Cooper, Rocket has become something the industry has never seen before: an expansive, endclients in our servicing to-end ecosystem and platform operating portfolio at scale across the entire homeownership journey. Redfin brings a low-cost, high-intent lead pipeline that strengthens our origination funnel. Mr. Cooper adds a substantial servicing revenue stream that enhances our recapture capabilities our ability to turn servicing clients into repeat borrowers when they refinance or purchase their next home. We are a category of one. We are now the only player to span home search, mortgage origination, servicing, title, and closing at scale. We reach 62 million monthly active users across Redfin and Rocket. Our distribution network includes over 3,000 loan officers, over 8,000 mortgage broker partners, and hundreds of thousands of real estate agents. In 2025, we served 460,000 home buyers and homeowners through origination and supported nearly 10 million clients in our servicing portfolio. 2
Our platform technology powers our ecosystem, enabling seamless, frictionless experiences for our clients, partners, and team members. In Q4 2025, we structurally doubled the capacity of our production team through technology while driving higher conversion and incremental origination volume. We are building the foundation for infinite capacity engineered to scale with the massive demand we generate through our top-of-funnel strength and expansive distribution network. 460K homebuyers and homeowners through origination What we are most proud of is what we accomplished together. The Rocket, Redfin, and Mr. Cooper teams came together in 2025 united around our mission to Help Everyone Home. The integration of these three organizations required exceptional collaboration, shared purpose, and unwavering commitment from tens of thousands of dedicated team members. We proved that when talented people align around a meaningful mission, extraordinary things become possible. In 2025, Rocket celebrated our 40-year anniversary. Yet it still feels like Day 1. We accomplished extraordinary things this year. We begin a new chapter in an exceptionally strong position to accomplish even more in the decades ahead. The best is yet to come. Varun Krishna Chief Executive Officer, Rocket Companies; Interim CEO, Redfin 2025 Annual Report 3
 • shareholder letter icon 4/29/2026 Letter Continued (Full PDF)
 • stockholder letter icon 4/26/2023 RKT Stockholder Letter
 • stockholder letter icon 4/26/2024 RKT Stockholder Letter
 • stockholder letter icon 5/29/2025 RKT Stockholder Letter
 • stockholder letter icon More "Investment Brokerages" Category Stockholder Letters
 • Benford's Law Stocks icon RKT Benford's Law Stock Score = 95


RKT Shareholder/Stockholder Letter Transcript:

2025
Annual
Report


Rocket is in a
category of one.
We are a homeownership company with an
integrated end-to-end platform designed
to deliver speed and certainty at scale.

A letter from
our CEO
Dear Rocket Stockholders,
In 2025, Rocket demonstrated who we are. We delivered strong financial results while
fundamentally reshaping our company through the successful closing and integration of
Redfin and Mr. Cooper     two transformative acquisitions that position Rocket for growth
across market cycles. This was a year of decisive action and exceptional execution.
For the full year, we generated $6.9 billion
in adjusted revenue.1 Our adjusted EBITDA
margin1 expanded to 19 percent, up from
18 percent in 2024. Adjusted diluted EPS1
reached 28 cents, compared to 23 cents
in 2024. We executed against our financial
and operational goals in every quarter in
2025, reflecting the strength of our business
model and passion of our team members.
~10M
With the integration of Redfin and Mr. Cooper,
Rocket has become something the industry
has never seen before: an expansive, endclients in our servicing
to-end ecosystem and platform operating
portfolio
at scale across the entire homeownership
journey. Redfin brings a low-cost, high-intent lead pipeline that strengthens our origination
funnel. Mr. Cooper adds a substantial servicing revenue stream that enhances our recapture
capabilities     our ability to turn servicing clients into repeat borrowers when they refinance
or purchase their next home.
We are a category of one. We are now the only player to span home search, mortgage
origination, servicing, title, and closing at scale. We reach 62 million monthly active users
across Redfin and Rocket. Our distribution network includes over 3,000 loan officers,
over 8,000 mortgage broker partners, and hundreds of thousands of real estate agents.
In 2025, we served 460,000 home buyers and homeowners through origination and
supported nearly 10 million clients in our servicing portfolio.
2

Our platform technology powers our
ecosystem, enabling seamless, frictionless
experiences for our clients, partners, and
team members. In Q4 2025, we structurally
doubled the capacity of our production team
through technology while driving higher
conversion and incremental origination
volume. We are building the foundation for
infinite capacity     engineered to scale with
the massive demand we generate through
our top-of-funnel strength and expansive
distribution network.
460K
homebuyers and homeowners
through origination
What we are most proud of is what we
accomplished together. The Rocket, Redfin,
and Mr. Cooper teams came together in 2025 united around our mission to Help Everyone
Home. The integration of these three organizations required exceptional collaboration,
shared purpose, and unwavering commitment from tens of thousands of dedicated team
members. We proved that when talented people align around a meaningful mission,
extraordinary things become possible.
In 2025, Rocket celebrated our 40-year anniversary. Yet it still feels like Day 1.
We accomplished extraordinary things this year. We begin a new chapter in an
exceptionally strong position to accomplish even more in the decades ahead.
The best is yet to come.
Varun Krishna
Chief Executive Officer, Rocket Companies;
Interim CEO, Redfin
2025 Annual Report
3


shareholder letter icon 4/29/2026 Letter Continued (Full PDF)
 

RKT Stockholder/Shareholder Letter (Rocket Companies, Inc.) | www.StockholderLetter.com
Copyright © 2023 - 2026, All Rights Reserved

Nothing in StockholderLetter.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy.