Filing Flows › Rocket Companies (RKT) › Q1 2025
Rocket Companies (RKT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Rocket Companies (RKT) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), -25% from a year earlier and -41% from the quarter before. Operating margin was -27.6%, net loss $212M (20.4% of revenue).
Rocket Companies, Q1 2025: revenue $1.0B (-25% year over year), operating margin -27.6%, net loss $212M, operating cash flow −$796M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -41% | -25% |
| Operating profit | −$287M | — | — |
| Net earnings | −$212M | — | — |
| Operating cash flow | −$796M | — | — |
What changed
Revenue was $1.0B in Q1 2025, down 25% year over year and down 41% from the previous quarter.
Operating costs exceeded revenue by $0.29B, an operating margin of -27.6%. The quarter ended with a net loss of $0.21B, after a profit of $0.65B the previous quarter. Minority interests bore $0.20B of it: to shareholders the quarter was a loss of $0.01B. Non-operating items added $0.06B, -29% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$0.80B. Non-cash charges added back $0.03B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.65B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.81B.
Questions
What was Rocket Companies' revenue in the first quarter 2025?
Rocket Companies (RKT) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), -25% from a year earlier and -41% from the quarter before.
Was Rocket Companies profitable in the first quarter 2025?
Operating loss was $287M (-27.6% of revenue) and net loss $212M.
Source: Rocket Companies 10-Q on SEC EDGAR.