other_material
confidence high
sentiment negative
materiality 0.60
Rocket files Redfin financials: Q2 revenue $280M, net loss $38M, restructuring costs $24M
Rocket Companies, Inc.
- Redfin Q2 2025 revenue $280.5M (down 5% YoY); net loss $38.4M, worsening from $28.1M loss in Q2 2024.
- H1 2025 net loss $130.9M; accumulated deficit $1.12B. Restructuring charges $24.1M from Zillow rental restructuring affecting 450 employees.
- Redfin received $100M upfront from Zillow for exclusive rental listings deal; deferred revenue $92.3M at June 30, 2025.
- Acquisition by Rocket closed July 1, 2025; Redfin shareholders received 0.7926 Rocket shares per Redfin share.
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