Rocket Companies (RKT) Investor presentation summary

Q1-26 financial and operational highlights

• Adjusted revenue reached $2.8B, with adjusted EBITDA of $738M and adjusted net income of $422M, marking the most profitable quarter in four years.

• Incremental $1B monthly origination volume attributed to recent AI launches, with overall market share gains in both purchase and refinance segments.

• Integration of recent acquisitions is progressing ahead of plan, with consolidated results from Redfin and Mr. Cooper reflected in Q3-25 and Q4-25, respectively.

• Servicing portfolio expanded to $2.1T UPB, with 9.4M servicing clients, following the acquisition of Mr. Cooper.

• Closed loan volume for Q1-26 was $44.7B, with a net rate lock volume of $49.4B and a gain on sale margin of 2.74%.

Company overview and market position

• Holds the #1 position as a mortgage lender and servicer, with $2T in cumulative origination volume and 9.4M servicing clients.

• Recognized for exceptional client service, earning 23 J.D. Power awards and maintaining a net promoter score above 70.

• Operates in a large, fragmented market, with the top 10 players holding only 23% of mortgage originations and a $5T total addressable homeownership market.

• Provides an integrated, end-to-end ecosystem covering home search, financing, closing, and servicing.

Technology and AI-driven innovation

• Proprietary AI-powered platform leverages 30+ petabytes of data and over 200 trained AI models to drive conversion and scale.

• AI initiatives have enabled digital pre-approvals, automated communications, and fully online refinance processes, contributing to $2B in incremental monthly origination volume.

• Recapture rate is approximately 80%, nearly three times the industry average, enabling $0 client acquisition cost.