“Rocket delivered a standout second quarter, exceeding the high end of guidance with $1.34 billion in adjusted revenue and delivering adjusted diluted EPS of $0.04”
https://www.prnewswire.com/news-releases/rocket-companies-announces-second-quarter-2025-results-302518985.html
“Successfully closing the Redfin transaction marks a proud milestone in our legacy. We’re already seeing early signs of what’s possible with Rocket and Redfin together: our purchase funnel is expanding, conversion rates are rising, and Redfin clients are beginning to close with Rocket”
https://www.prnewswire.com/news-releases/rocket-companies-announces-second-quarter-2025-results-302518985.html
Revenue came in at $1.36 billion. GAAP profit stood at $34 million. Adjusted profit reached $75 million. Closed loan originations rose to $29.1 billion. Net rate lock volume came in at $28.4 billion. Gain‑on‑sale margin fell to 2.80 percent, down 19 basis points. All from Q2 2025 earnings summary.
https://www.prnewswire.com/news-releases/rocket-companies-announces-second-quarter-2025-results-302518985.html
Redfin brings about 50 million site users each month and adds over 2,200 agents to Rocket’s lead flow.
It builds more buying leads and early deals.
AI tools help cut costs so the platform can scale toward $150 billion in loans.
Liquidity reached $9.1 billion, including $5.1 billion in cash and $2.0 billion in undrawn servicing lines. That could matter if buyer interest slows.
https://www.prnewswire.com/news-releases/rocket-companies-announces-second-quarter-2025-results-302518985.html
Third Point increased its stake after the Mr. Cooper deal, calling the merger “transformative” for adding servicing to origination.
https://www.reuters.com/sustainability/sustainable-finance-reporting/third-point-bets-rocket-companies-informa-caseys-general-stores-q2-letter-says-2025-07-30/
If mortgage rates fail to head lower by autumn, refinance volume may stay weak. Redfin must deliver fast. Two things must go right: actual rate cuts and smooth merger moves.
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