Rithm Capital Corp.RITMEarnings & Financial Report
Rithm Capital Corp. (Rithm) is an American investment management company headquartered in New York that focuses on real estate and alternative investments.
Revenue
$1.5B
Gross Profit
N/A
Operating Profit
$206.3M
Net Profit
$85.0M
Gross Margin
N/A
Operating Margin
13.8%
Net Margin
5.7%
YoY Growth
-27.6%
EPS
$0.09
Rithm Capital Corp. Q4 FY2025 Financial Summary
Rithm Capital Corp. reported revenue of $1.5B (down 27.6% YoY) for Q4 FY2025, with a net profit of $85.0M (down 70.7% YoY) (5.7% margin).
Key Financial Metrics
| Total Revenue | $1.5B |
|---|---|
| Net Profit | $85.0M |
| Gross Margin | N/A |
| Operating Margin | 13.8% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Rithm Capital Corp. Q4 FY2025 revenue of $1.5B breaks down across 11 segments, led by Servicing Revenue Net at $356.8M (23.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Servicing Revenue Net | $356.8M | 23.8% |
| Management Service Incentive | $287.0M | 19.1% |
| Change In Fair Value Of Mortgage Servicing Right | $213.3M | 14.2% |
| Gain On Originated Residential Mortgage Loans Held For Sale Net | $203.7M | 13.6% |
| Investment Portfolio | $136.4M | 9.1% |
| Mortgage Loans Subserviced | $84.0M | 5.6% |
| Residential Transitional Lending | $82.1M | 5.5% |
| Management Service | $72.5M | 4.8% |
| Other Rental Revenue | $43.6M | 2.9% |
| Other Property Maintenance Revenue | $27.7M | 1.8% |
| Miscellaneous Other Income | $7.2M | 0.5% |
Rithm Capital Corp. Revenue by Segment — Quarterly Trend
Rithm Capital Corp. revenue by segment across the last 4 reported quarters, showing how each business line (such as Servicing Revenue Net and Management Service Incentive) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Servicing Revenue Net | — | $356.8M | — | $419.8M |
| Management Service Incentive | — | $287.0M | $19.7M | $28.8M |
| Change In Fair Value Of Mortgage Servicing Right | — | $213.3M | — | $155.0M |
| Gain On Originated Residential Mortgage Loans Held For Sale Net | — | $203.7M | $196.3M | $169.7M |
| Investment Portfolio | — | $136.4M | $93.0M | $110.0M |
Rithm Capital Corp. Annual Revenue by Year
Rithm Capital Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.6B |
| 2024 | $5.1B |
| 2023 | $3.7B |
| 2022 | $4.9B |
Rithm Capital Corp. Quarterly Revenue & Net Profit History
Rithm Capital Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $828.2M | +508.5% | $109.5M | 13.2% |
| Q4 FY2025 | $1.5B | -27.6% | $85.0M | 5.7% |
| Q3 FY2025 | $1.1B | +78.5% | $221.5M | 20.0% |
| Q2 FY2025 | $1.2B | -1.0% | $311.7M | 25.6% |
| Q1 FY2025 | $768.4M | -36.5% | $78.8M | 10.3% |
| Q4 FY2024 | $2.1B | +229.6% | $290.2M | 14.0% |
| Q3 FY2024 | $619.5M | -45.4% | $121.7M | 19.7% |
| Q2 FY2024 | $1.2B | +10.7% | $235.6M | 19.2% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.23B | $619.5M | $2.07B | $768.4M | $1.22B | $1.11B | $1.50B | $828.2M |
| YoY Growth | 10.7% | -45.4% | 229.6% | -36.5% | -1.0% | 78.5% | -27.6% | 508.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $42.02B | $42.28B | $46.05B | $45.33B | $44.32B | $47.17B | $53.06B | $53.37B |
| Liabilities | $34.60B | $34.52B | $38.16B | $37.19B | $36.00B | $38.26B | $43.81B | $43.87B |
| Equity | $7.33B | $7.66B | $7.79B | $7.78B | $7.95B | $8.50B | $8.43B | $9.14B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $-55.7M | $768.1M | $-1.75B | $1.42B | $-557.1M | $-2.04B | $-114.6M |