Rocket Companies reported its most profitable quarter in four years as artificial intelligence initiatives, a larger servicing portfolio and recent acquisitions helped the Detroit-based firm grow market share despite a choppy mortgage backdrop.

The Detroit-based company reported net revenue of $2.94 billion for the quarter ending March 31, up from $1.1 billion in the same period a year earlier. Adjusted revenue rose to $2.82 billion, up from $1.36 billion in Q1 2025, and exceeding the high end of the company’s guidance range.

“This quarter shows the model is working,” CEO Varun Krishna said during the company’s earnings call. “We details ⇒

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