Updated Aug 7, 2026
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Rocket Companies posts $766 million adjusted EBITDA in Q2 2026, most profitable quarter in four years

DETROIT, August 6. At $766 million in adjusted EBITDA, the second quarter ended June 30, 2026 was Rocket Companies' (NYSE: RKT) most profitable in four years, the company said. Total revenue net came in at $2.78 billion, up from $1.45 billion in Q2 2025. GAAP net income reached $229 million against $34 million a year earlier, and adjusted net income was $441 million, compared with $75 million in the year-ago period.

By Nadia Petrova2 min readRKT
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Key takeaways

  • Rocket Companies reported $766 million in adjusted EBITDA for Q2 2026 (ended June 30, 2026), its most profitable quarter in four years.
  • Total revenue net was $2.78 billion, up from $1.45 billion in Q2 2025, with GAAP net income of $229 million versus $34 million a year earlier.
  • The company generated $49.1 billion in total closed mortgage loan origination volume and $47.0 billion in total net rate lock volume at a 2.48% total gain on sale margin.
  • Purchase market share rose to 6.2% (from 5.5% in Q4 2025) and refinance market share climbed to 14.3% (from 12.2%).
  • Total liquidity was $11.2 billion as of June 30, 2026, and the servicing portfolio covered $2.0 trillion in unpaid principal balance across 9.1 million loans.

DETROIT, August 6. At $766 million in adjusted EBITDA, the second quarter ended June 30, 2026 was Rocket Companies' (NYSE: RKT) most profitable in four years, the company said. Total revenue net came in at $2.78 billion, up from $1.45 billion in Q2 2025. GAAP net income reached $229 million against $34 million a year earlier, and adjusted net income was $441 million, compared with $75 million in the year-ago period.

Origination volume and market share

The Detroit-based homeownership platform generated $47.0 billion in total net rate lock volume and $49.1 billion in total closed mortgage loan origination volume for the quarter. Total gain on sale margin was 2.48%.

Excluding correspondent, Direct to Consumer produced $26.0 billion in net rate lock volume and $28.1 billion in closed loan origination volume at a 4.13% gain on sale margin. Rocket Pro, the wholesale broker channel, added $10.9 billion in net rate lock volume at a 0.69% gain on sale margin, reflecting pricing investments tied to the Compass partnership.

Purchase market share reached 6.2%, up from 5.5% in Q4 2025. Refinance market share climbed to 14.3% from 12.2% over the same interval, the company disclosed.

Servicing and liquidity

Total liquidity stood at $11.2 billion as of June 30, 2026, comprising $3.1 billion of cash and equivalents, $2.3 billion of undrawn credit lines, and $5.8 billion of undrawn MSR and advance lines. The servicing portfolio covered $2.0 trillion in unpaid principal balance across 9.1 million loans.

During Q2, Rocket sold $53 billion in unpaid principal balance of mortgage servicing rights, generating $795 million in cash proceeds, and retained subservicing and recapture services on nearly 80% of those MSRs sold. Rocket Mortgage completed what the company described as one of the largest servicing migrations in industry history, consolidating all clients onto a single platform.

Platform metrics and capital markets

Rocket Mortgage became the nation's top home equity lender among independent mortgage companies in Q2, the company said. Since the product launched in mid-2022, Rocket has helped more than 250,000 homeowners access over $24 billion in equity, according to the filing.

Redfin, Rocket's digital real estate brokerage, doubled mortgage leads year over year in June and reached record mortgage attach rates. Loan officers using AI-powered pipeline tools are handling nearly 40% more clients than a year ago. An AI Voice platform deployed across servicing handled more than 1 million inbound calls within three months of launch, with task resolution running nearly 25% faster than the company's previous interactive voice response system, the release shows.

On June 9, Rocket Companies priced $1.5 billion in senior notes: $900 million of 6.125% notes due 2031 and $600 million of 6.500% notes due 2034. The offering was upsized from an initially announced $1.2 billion and was more than seven times oversubscribed.

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Frequently asked

Why was Q2 2026 significant for Rocket Companies?

It was Rocket's most profitable quarter in four years, with $766 million in adjusted EBITDA, $2.78 billion in total revenue net, and $441 million in adjusted net income.

How did Rocket's mortgage servicing rights activity perform in the quarter?

Rocket sold $53 billion in unpaid principal balance of mortgage servicing rights for $795 million in cash proceeds, retaining subservicing and recapture services on nearly 80% of the MSRs sold.

What did Rocket do in the capital markets during the quarter?

On June 9, Rocket priced $1.5 billion in senior notes—$900 million of 6.125% notes due 2031 and $600 million of 6.500% notes due 2034—an offering upsized from $1.2 billion and more than seven times oversubscribed.

How is Rocket using AI in its operations?

Loan officers using AI-powered pipeline tools are handling nearly 40% more clients than a year ago, and an AI Voice platform handled more than 1 million inbound calls within three months of launch with task resolution nearly 25% faster than the prior system.

How has Rocket's home equity product performed?

Rocket Mortgage became the nation's top home equity lender among independent mortgage companies in Q2, having helped more than 250,000 homeowners access over $24 billion in equity since the product launched in mid-2022.