Shares of Rocket Companies (RKT), a leading fintech platform for mortgage, real estate, and personal finance services, surged 6.55% in pre-market trading on Friday, February 28, 2025. The stock's pre-market soar followed the company's better-than-expected fourth-quarter 2024 earnings results and an optimistic outlook for 2025.

Rocket Companies reported a 34% year-over-year increase in adjusted revenue for Q4 2024, reaching $1.2 billion, which was at the high end of the company's guidance range. The strong performance was driven by robust growth in mortgage origination volume, with Rocket Mortgage generating $23.6 billion in net rate lock volume, a 47% increase compared to the same period in the prior year.

For the full year 2024, Rocket Companies achieved a 30% year-over-year increase in adjusted revenue, totaling $4.9 billion. The company also expanded its purchase market share during the year, fueled by strategic optimizations across its processes, teams, marketing, and technology. Additionally, Rocket Companies saw significant growth in its home equity loan volume, reinforcing its position as the largest originator of closed-end second mortgages in the country.

Looking ahead, the company provided guidance for first-quarter 2025 adjusted revenue in the range of $1.175 billion to $1.325 billion, reflecting continued growth expectations. Rocket Companies' CEO, Varun Krishna, expressed confidence in the company's momentum, stating, "We're well-positioned to help even more Americans find their path to homeownership."