Lower rates helped Detroit-based Rocket Companies, the parent of Rocket Mortgage, improve its originations in the first quarter of the year — a period also marked by the announcement of two major acquisitions in Redfin and Mr. Cooper. 

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Despite the buzz around being acquired by Rocket Companies, the first quarter of 2025 was a rough one for Redfin. 

In a document filed with the Securities and Exchange Commission (SEC) on Tuesday, Redfin announced that it recorded $221.0 million in revenue in Q1 2025, down 2% annually, while its net loss for the quarter came in at $92.5 million, up from a net loss of $66.8 million in Q1 2024. 

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Redfin has not been shy about generating headlines in 2025. Much of the attention has been focused on the deal with Rocket, but that’s not necessarily the deal federal regulators have their eye on. 

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