Rocket Companies posts $709 million Q3 profit and forecasts lower Q4 revenue amid high mortgage rates
Rocket Companies reported third‑quarter 2026 total revenue of $3.28 billion and GAAP net income of $709 million. Adjusted revenue was $2.57 billion with adjusted net income of $419 million and adjusted EBITDA of $748 million. CEO Varun Krishna said the firm gained purchase and refinance market share and delivered its highest profitability margin in nearly five years despite mortgage rates climbing to a three‑year high. The company guided Q4 2026 adjusted revenue to $2.1 billion‑$2.3 billion, citing elevated rates and seasonal slowdown.
Why it matters
The lower Q4 revenue guidance, below consensus, signals reduced near‑term top‑line growth for investors, while the strong Q3 profitability and market‑share gains suggest the business can sustain margins in a high‑rate environment. The guidance range will be a key driver of the stock’s valuation in the coming weeks.
Key facts
- 1Total revenue, net of $3.28 billion for Q3 2026. prnewswire.com
- 2GAAP net income of $709 million for Q3 2026. prnewswire.com
- 3Adjusted revenue of $2.57 billion for Q3 2026. prnewswire.com
- 4Adjusted net income of $419 million for Q3 2026. prnewswire.com
- 5Adjusted EBITDA of $748 million for Q3 2026. prnewswire.com
- 6Q4 2026 adjusted revenue guidance of $2.1 billion‑$2.3 billion. prnewswire.com
Summary written by AlphAI AI Desk from 20 of 24 sources. Not investment advice. Figures are as stated by the linked sources.