Rocket Companies CEO Varun Krishna and other executives saw a significant boost in compensation as Rocket completed major acquisitions in 2025 and began integrating those businesses.
According to the company’s proxy statement released Wednesday, Krishna received $52.9 million in total compensation in 2025, including a $1.26 million base salary, $3.99 million in non-equity incentive pay, $634,245 in other compensation and $46.99 million in stock awards.
According to the filing, one-time integration awards recognized the leadership of Krishna and others through the acquisitions of Redfin and Mr. Cooper and efforts to cut costs and grow revenue.
Rocket Companies acquired Redfin, an online real estate search platform, in July 2025 and Mr. Cooper, which specializes in servicing home loans, in October 2025.
Krishna’s compensation rose from $25.8 million in 2024, when he received $1.25 million in salary, $21.99 million in stock awards, $2.60 million in incentive pay and $36,372 in other compensation. In 2023, his first year as CEO, Krishna received $3.44 million, including a $404,110 salary, a $2.6 million bonus and $435,640 in other compensation.
Other executives also saw increases in compensation.
Brian Brown, CFO and treasurer, earned $16.13 million in 2025, up from $7.2 million in 2024, mostly consisting of stock awards and incentive pay. Heather Lovier, chief operating officer, received $10.3 million in 2025, compared with $4.65 million in 2024. Bill Banfield, chief business officer, earned $10.1 million in 2025, which included nearly $8.8 million in stock awards.
Jay Bray, president and CEO of Rocket Mortgage, earned $41.76 million in 2025, including a $5 million bonus, $15.99 million in stock awards and $20.45 million in other compensation.
According to the filing, Rocket reported $6.9 billion in adjusted revenue in 2025 and $0.28 in adjusted diluted earnings per share, up from $0.23 the prior year.
The company also said it helped 460,000 clients purchase homes or access home equity and served nearly 10 million servicing clients.
In March, Rocket Companies offered voluntary buyouts following a prior workforce reduction in October 2025 that impacted fewer than 1% of employees as it began integrating the businesses and streamlining overlapping roles
cwilliams@detroitnews.com
@CWilliams_DN
This article originally appeared on The Detroit News: Rocket acquisitions pay off big for CEO Varun Krishna
Reporting by Candice Williams, The Detroit News / The Detroit News
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