Filing Flows › Rocket Companies (RKT) › Q4 2025
Rocket Companies (RKT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 2, 2026
Rocket Companies (RKT) reported revenue of $2.7B for the fourth quarter 2025 (Q4 2025), +52% from a year earlier and +68% from the quarter before. Operating margin was 6.3%, net earnings $68.0M (2.5% of revenue).
Rocket Companies, Q4 2025: revenue $2.7B (+52% year over year), operating margin 6.3%, net earnings $68.0M, operating cash flow −$1.2B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +68% | +52% |
| Operating profit | $169M | — | -75% |
| Net earnings | $68.0M | — | -90% |
| Operating cash flow | −$1.2B | — | — |
What changed
Revenue was $2.7B in Q4 2025, up 52% year over year and up 68% from the previous quarter.
Operating profit was $0.17B, a 6.3% margin (down 31.9 points year over year). Operating profit fell $0.51B even though revenue rose $0.92B versus a year earlier, so costs grew faster than sales. Net earnings were $0.07B, up 103% year over year. The effective tax rate was 59.8%.
Operating cash flow was −$1.2B. Non-cash charges added back $0.16B of depreciation and amortization and $0.18B of share-based compensation. Working capital and other items used $1.6B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$1.3B.
Questions
What was Rocket Companies' revenue in the fourth quarter 2025?
Rocket Companies (RKT) reported revenue of $2.7B for the fourth quarter 2025 (Q4 2025), +52% from a year earlier and +68% from the quarter before.
Was Rocket Companies profitable in the fourth quarter 2025?
Operating profit was $169M (6.3% of revenue) and net earnings $68.0M.
Source: Rocket Companies 10-K on SEC EDGAR.