Rocket Companies reports loss for 2025

Detroit-based firm had a busy year with Redfin and Mr. Cooper acquisitions

Published on Feb. 26, 2026

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Dan Gilbert's Rocket Companies, the parent company of Rocket Mortgage, reported a net loss of $234 million on $6.69 billion in total revenue for the full year 2025, despite a solid fourth quarter that saw $68 million in net profit on $2.69 billion in revenue. The company made two major acquisitions in 2025, buying Seattle-based Redfin and a large Texas-based mortgage lender and servicing firm known as Mr. Cooper, in separate all-stock deals.

Why it matters

Rocket Companies is Detroit's largest downtown employer, and its financial performance is closely watched as an indicator of the health of the city's business community. The company's acquisitions of Redfin and Mr. Cooper are part of its strategy to become a bigger one-stop-shop for homebuying and lending, but the net loss for the year raises questions about the integration and profitability of these new business lines.

The details

For the fourth quarter of 2025, Rocket reported a net profit of $68 million on $2.69 billion in revenue. However, for the full year, the company saw a net loss of $234 million on $6.69 billion in total revenue. Rocket's share price closed at $17.73 on Thursday, up from $13.08 the previous year.

  • Rocket Companies reported its full-year 2025 earnings on February 26, 2026.
  • Rocket acquired Seattle-based Redfin and the Texas-based mortgage lender Mr. Cooper in separate all-stock deals during 2025.

The players

Rocket Companies

The publicly traded corporate parent for multiple Gilbert businesses, including Rocket Mortgage. It recently acquired Redfin and Mr. Cooper.

Dan Gilbert

The founder and chairman of Rocket Companies, which is the largest downtown employer in Detroit.

Varun Krishna

The CEO of Rocket Companies.

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What they’re saying

“Rocket proved itself this quarter as a category of one. This is the power of an integrated homeownership ecosystem — massive top of funnel, scaled origination-servicing recapture, expansive distribution for industry professionals and a technologically advanced foundation for infinite capacity — built for the AI era.”

— Varun Krishna, CEO, Rocket Companies (Freep.com)

What’s next

Rocket Companies has not provided its 2025 employee headcount yet, although it last reported employing 14,200 people across the U.S. and Canada at the end of 2024. The company's financial performance and integration of its recent acquisitions will continue to be closely watched in the coming year.

The takeaway

Rocket Companies' net loss for 2025, despite a strong fourth quarter, highlights the challenges the Detroit-based firm faces as it seeks to expand its homebuying and lending services through major acquisitions. The company's ability to successfully integrate these new business lines and return to profitability will be crucial for its future growth and the continued health of Detroit's business community.