Filing Flows › Rocket Companies (RKT) › Q3 2025
Rocket Companies (RKT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Rocket Companies (RKT) reported revenue of $1.6B for the third quarter 2025 (Q3 2025), +148% from a year earlier and +18% from the quarter before. Operating margin was -17.1%, net loss $124M (7.7% of revenue).
Rocket Companies, Q3 2025: revenue $1.6B (+148% year over year), operating margin -17.1%, net loss $124M, operating cash flow −$49.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +18% | +148% |
| Operating profit | −$275M | -1232% | — |
| Net earnings | −$124M | -465% | — |
| Operating cash flow | −$49.0M | — | — |
What changed
Revenue was $1.6B in Q3 2025, up 148% year over year and up 18% from the previous quarter.
Operating costs exceeded revenue by $0.27B, an operating margin of -17.1%. Total costs grew 64% against revenue growth of 148%. The fastest-growing cost line was Other operating costs (+73%). The quarter ended with a net loss of $0.12B, after a profit of $0.03B the previous quarter. Non-operating items added $0.09B, -48% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$0.05B. Non-cash charges added back $0.08B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.07B.
Questions
What was Rocket Companies' revenue in the third quarter 2025?
Rocket Companies (RKT) reported revenue of $1.6B for the third quarter 2025 (Q3 2025), +148% from a year earlier and +18% from the quarter before.
Was Rocket Companies profitable in the third quarter 2025?
Operating loss was $275M (-17.1% of revenue) and net loss $124M.
Source: Rocket Companies 10-Q on SEC EDGAR.