Filing Flows › Rocket Companies (RKT) › Q2 2025
Rocket Companies (RKT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Rocket Companies (RKT) reported revenue of $1.4B for the second quarter 2025 (Q2 2025), +5% from a year earlier and +31% from the quarter before. Operating margin was 1.8%, net earnings $34.0M (2.5% of revenue).
Rocket Companies, Q2 2025: revenue $1.4B (+5% year over year), operating margin 1.8%, net earnings $34.0M, operating cash flow −$1.9B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +31% | +5% |
| Operating profit | $24.3M | — | -87% |
| Net earnings | $34.0M | — | -81% |
| Operating cash flow | −$1.9B | — | — |
What changed
Revenue was $1.4B in Q2 2025, up 5% year over year and up 31% from the previous quarter.
Operating profit was $0.02B, a 1.8% margin (down 13.0 points year over year). Operating profit fell $0.17B even though revenue rose $0.06B versus a year earlier, so costs grew faster than sales. Net earnings were −$1.8M. The effective tax rate was -41.7%.
Operating cash flow was −$1.9B. Non-cash charges added back $0.03B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $2.0B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$1.9B.
Questions
What was Rocket Companies' revenue in the second quarter 2025?
Rocket Companies (RKT) reported revenue of $1.4B for the second quarter 2025 (Q2 2025), +5% from a year earlier and +31% from the quarter before.
Was Rocket Companies profitable in the second quarter 2025?
Operating profit was $24.3M (1.8% of revenue) and net earnings $34.0M.
Source: Rocket Companies 10-Q on SEC EDGAR.