Rocket Companies Tops Q4 Estimates, Guides Q1 $2.6-$2.8B and 500,000-Listing Compass Deal
Rocket Companies reported Q4 adjusted EPS of $0.11 versus a $0.09 estimate and net revenue of $2.44B, $180M above forecasts and up from $1.19B a year earlier. The company guided Q1 revenue of $2.6-$2.8B versus $2.37B consensus and launched a three-year Compass alliance to add 500,000 listings.
1. Q4 Financial Results
Rocket delivered adjusted EPS of $0.11, beating the $0.09 consensus, and net revenue of $2.44B, up 105% year-over-year from $1.19B, producing adjusted net income of $316M and GAAP net income of $68M.
2. Volume and Margin Performance
The company generated $41.6B in total net rate lock volume and $47.3B in closed mortgage loan originations, marking the highest Q4 volumes in four years, and achieved a 2.82% gain-on-sale margin (3.20% excluding correspondent channels).
3. Q1 2026 Guidance
Management projects net revenue of $2.6B to $2.8B for the first quarter, exceeding the $2.37B consensus estimate and signaling sustained origination momentum.
4. Strategic Alliance with Compass
Under a three-year partnership, over 500,000 Compass exclusive listings will join the platform, integrating home search, agent and mortgage services while offering clients a 1% interest-rate reduction for one year or up to $6,000 in lender credits.