US Market News
2月前
Rithm Capital Corp. Announces First Quarter 2026 ResultsApril 28, 2026 6:30 AM
Business Wire
Rithm Capital Corp. (NYSE: RITM; “Rithm Capital,” “Rithm” or the “Company”) today reported the following information for the first quarter ended March 31, 2026.
“Despite a challenging and volatile market environment, Rithm delivered strong Q1 results, with Newrez generating a 19% annualized operating ROE(3), Genesis posting 80% year-over-year origination growth, and our asset management platform growing to approximately $60 billion in AUM,” said Michael Nierenberg, CEO of Rithm Capital. “Our diversified owner-operator model is built to perform through disruption, and we are confident the current conditions create compelling opportunities to drive long-term value for our shareholders.”
Financial Highlights:
GAAP net income of $67.8 million, or $0.12 per diluted common share(1)
Earnings available for distribution of $289.6 million, or $0.51 per diluted common share(1)(2)
Common dividend of $139.6 million, or $0.25 per common share
Book value per common share of $12.51(1)
Q1 2026
Q4 2025
Summary Operating Results:
GAAP Net Income per Diluted Common Share(1)
$
0.12
$
0.09
GAAP Net Income (in millions)
$
67.8
$
53.1
Non-GAAP Results:
Earnings Available for Distribution per Diluted Common Share(1)(2)
$
0.51
$
0.74
Earnings Available for Distribution(2) (in millions)
$
289.6
$
418.9
Common Dividend:
Common Dividend per Share
$
0.25
$
0.25
Common Dividend (in millions)
$
139.6
$
139.0
Business Highlights:
Origination & Servicing:
Newrez LLC (“Newrez”), Rithm Capital’s multichannel mortgage origination and servicing platform, posted pre-tax operating income of $273.7 million in Q1’26, excluding mortgage servicing rights (“MSRs”) mark-to-market (“MTM”) loss, net of hedges, and other non-operating items of $(23.1) million, up from $249.1 million in Q4’25, excluding MSRs MTM loss, net of hedges, and other non-operating items of $(216.5) million.
Newrez generated a 19% annualized operating return on equity (“ROE”)(3) on $5.7 billion of segment equity in Q1’26.
Total servicing unpaid principal balance (“UPB”) reached $850 billion at the end of Q1’26, which includes $257 billion UPB of third-party servicing.
Origination funded production volume was $15.5 billion in Q1’26, a decrease of 18% quarter over quarter (“QoQ”) and an increase of 31% year over year (“YoY”).
Investment Portfolio:
Rithm Capital completed four non-qualified mortgage securitizations in Q1’26 totaling $2.0 billion in UPB.
Acquired $140 million in home improvement loans in Q1’26 under the previously announced forward flow agreement with Upgrade, Inc., bringing the total purchased to date through quarter-end to $667 million.
Residential Transitional Lending:
Rithm Capital’s residential transitional lending platform, Genesis Capital LLC (“Genesis Capital”), recorded Q1’26 origination volume of $1.6 billion, a YoY increase of 80%, continuing a series of record volume quarters.
Genesis Capital continued to expand its sponsor base, growing new sponsors funded by 118 in Q1’26, a 258% increase YoY. Total sponsors funded for the first quarter of 2026 also expanded to 266, achieving 40% YoY growth.
Asset Management:
Rithm Asset Management, Rithm Capital’s alternative asset management platform, which primarily includes Sculptor Capital Management Inc. (“Sculptor Capital”) and Crestline Management, L.P. (“Crestline”), had approximately $59 billion of assets under management (“AUM”)(4) as of March 31, 2026, up from $35 billion at quarter end Q1’25, driven by the acquisition of Crestline and additional fund raising activity throughout the year.
In Q1’26, Sculptor Capital committed over $1 billion to investments in its latest Real Estate Fund V, representing approximately 20% of capital raised since its inception, and it deployed over $2 billion in capital into corporate credit and asset-based finance investments.
Sculptor Capital also continued its active presence in the collateralized loan obligation (“CLO”) markets with a new U.S. CLO for approximately $400 million of AUM in the first quarter of 2026.
Crestline raised $100 million in net inflows in Q1’26 for its private perpetual business development company, Crestline Lending Solutions Fund, from institutional investors, bringing total commitments to over $500 million.
Commercial Real Estate:
Rebranded the Company’s commercial real estate platform Paramount Group to Elecor Properties (“Elecor”) to align the corporate brand with the vision to elevate the portfolio, properties and tenant experience.
Elecor, Rithm Capital’s recently acquired owner and operator of Class A office properties in New York and San Francisco, witnessed continued leasing momentum with New York City lease occupancy increasing by 4.7% YoY, and with over 350k square feet of new lease activity, 74% of which is in the San Francisco portfolio.
Refinanced 1325 Avenue of the Americas through a single-asset, single borrower commercial mortgage-backed securities financing.
(1)
Per diluted common share calculations for both GAAP Net Income and Earnings Available for Distribution are based on 565,927,074 and 564,691,202 weighted average diluted shares for the quarters ended March 31, 2026 and December 31, 2025, respectively. The per share calculation of Book Value is based on 557,902,002 common shares outstanding as of March 31, 2026.
(2)
Earnings Available for Distribution is a non-GAAP financial measure. For a reconciliation of Earnings Available for Distribution to GAAP Net Income, as well as an explanation of this measure, please refer to the section entitled Non-GAAP Financial Measures and Reconciliation to GAAP Net Income below.
(3)
Q1’26 annualized operating ROE is a non-GAAP measure. Q1’26 annualized operating ROE is calculated based on annualized pre-tax operating income of $273.7 million, excluding MSRs MTM loss, net of hedges, and other non-operating items of $(23.1) million, divided by the average Origination and Servicing segment ending equity of $5.7 billion.
(4)
AUM is estimated and refers to the value of assets for which Rithm Capital and its affiliates provide discretionary investment management or advisory services. AUM is generally calculated as the sum of: (i) the net asset value of managed accounts and open-ended funds or gross asset value of real estate and real estate funds, (ii) uncalled capital commitments and (iii) par value of structured credit vehicles (e.g., collateralized loan obligations). AUM includes amounts that are not subject to management fees, incentive income or other amounts earned on AUM. AUM also includes amounts that are invested in other affiliated funds/vehicles. Rithm Capital's calculation of AUM is intended to provide a consistent and comparable measure of managed assets across its businesses; however it is not based on any specific regulatory definition and may differ from similarly titled measures presented by other asset managers and, as a result, may not be comparable.
ADDITIONAL INFORMATION
For additional information that management believes to be useful for investors, please refer to the latest presentation posted on the Investors - News section of the Company’s website, www.rithmcap.com. Information on, or accessible through, our website is not a part of, and is not incorporated into, this press release.
EARNINGS CONFERENCE CALL
Rithm Capital’s management will host a conference call on Tuesday, April 28, 2026 at 8:00 A.M. Eastern Time. A copy of the earnings release will be posted to the Investors - Events & Presentations section of Rithm Capital’s website, www.rithmcap.com.
The conference call may be accessed by dialing 1-833-974-2382 (from within the U.S.) or 1-412-317-5787 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference “Rithm Capital First Quarter 2026 Earnings Call.” In addition, participants are encouraged to pre-register for the conference call at https://dpregister.com/sreg/10208453/103db8ca815.
A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.rithmcap.com. Please allow extra time prior to the call to visit the website and download any necessary software required to listen to the internet broadcast.
A telephonic replay of the conference call will also be available two hours following the call’s completion through 11:59 P.M. Eastern Time on Tuesday, May 5, 2026, by dialing 1-855-669-9658 (from within the U.S.) or 1-412-317-0088 (from outside of the U.S.); please reference access code “2668521”.
Rithm Capital Corp. and Subsidiaries
Consolidated Statements of Operations (Unaudited)
($ in thousands, except share and per share data)
Three Months Ended
March 31,
2026
December 31,
2025
Revenues
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables
$
579,288
$
570,070
Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(211,456) and $(232,554), respectively)
(204,229
)
(421,815
)
Servicing revenue, net
375,059
148,255
Interest income
461,877
500,814
Gain on originated residential mortgage loans, held-for-sale, net
208,250
203,731
Asset management revenue
106,587
359,489
Rental revenue
191,691
46,202
Other revenue
36,772
32,258
1,380,236
1,290,749
Expenses
Interest expense and warehouse line fees
430,662
422,821
General, administrative and operating
336,002
261,366
Compensation and benefits
378,410
453,932
Depreciation and amortization
92,644
35,985
1,237,718
1,174,104
Other Income (Loss)
Realized and unrealized gains (losses), net
(15,154
)
50,876
Other income (loss), net
26,876
38,804
11,722
89,680
Income before Income Taxes
154,240
206,325
Income tax expense (benefit)
44,762
115,747
Net Income
109,478
90,578
Non-controlling interests in income of consolidated subsidiaries
(146
)
1,234
Redeemable non-controlling interests in income of consolidated subsidiaries
6,946
4,353
Net Income Attributable to Rithm Capital Corp.
102,678
84,991
Change in redemption value of redeemable non-controlling interests
—
—
Dividends on preferred stock
34,847
31,875
Net Income Attributable to Common Stockholders
$
67,831
$
53,116
Net Income per Share of Common Stock
Basic
$
0.12
$
0.10
Diluted
$
0.12
$
0.09
Weighted Average Number of Shares of Common Stock Outstanding
Basic
556,720,287
555,021,130
Diluted
565,927,074
564,691,202
Dividends Declared per Share of Common Stock
$
0.25
$
0.25
Rithm Capital Corp. and Subsidiaries
Consolidated Balance Sheets
($ in thousands, except share and per share data)
March 31, 2026
(Unaudited)
December 31, 2025
Assets
Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value
$
10,859,933
$
10,359,141
Government and government-backed securities ($5,041,769 and $5,230,139 at fair value, respectively)
5,066,754
5,254,905
Residential mortgage loans ($5,083,003 and $5,752,169 at fair value, respectively)(A)
5,137,741
5,808,960
Consumer loans, held-for-investment, at fair value(A)
805,294
784,399
Residential transition loans, at fair value
3,197,813
2,699,864
Residential mortgage loans subject to repurchase
4,427,618
3,952,792
Real estate, net(A)
6,174,559
6,175,735
Insurance company investments, at fair value
1,021,920
906,454
Cash, cash equivalents and restricted cash(A)
2,368,374
2,656,938
Servicer advances receivable
2,865,556
3,090,613
Other assets ($3,018,569 and $2,707,456 at fair value, respectively)(A)
5,714,249
5,583,976
Assets of Consolidated Entities(A):
Investments, at fair value and other assets
5,734,733
5,789,349
Total Assets
$
53,374,544
$
53,063,126
Liabilities and Equity
Liabilities
Secured financing agreements(A)
$
13,923,496
$
13,763,802
Secured notes and bonds payable ($134,319 and $143,442 at fair value, respectively)(A)
14,827,171
15,203,770
Residential mortgage loan repurchase liability
4,427,618
3,952,792
Unsecured notes, net of issuance costs
1,424,635
1,421,088
Interest sensitive insurance contract liabilities
1,069,355
960,209
Dividends payable
179,104
178,900
Accrued expenses and other liabilities ($610,185 and $638,090 at fair value, respectively)(A)
3,085,378
3,349,643
Liabilities of Consolidated Entities(A):
Notes payable, at fair value and other liabilities
4,932,492
4,978,212
Total Liabilities
43,869,249
43,808,416
Commitments and Contingencies
Redeemable Noncontrolling Interests of Consolidated Subsidiaries
361,138
314,303
Stockholders’ Equity
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 67,564,122 and 57,564,122 issued and outstanding, $1,689,104 and $1,439,104 aggregate liquidation preference, respectively
1,632,915
1,390,790
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 557,902,002 and 555,880,947 issued and outstanding, respectively
5,579
5,559
Additional paid-in capital
6,998,267
6,982,991
Accumulated deficit
(99,976
)
(19,945
)
Accumulated other comprehensive income
73,292
71,092
Stockholders’ Equity in Rithm Capital Corp.
8,610,077
8,430,487
Non-controlling interests in equity of consolidated subsidiaries
534,080
509,920
Total Stockholders’ Equity
9,144,157
8,940,407
Total Liabilities and Equity
$
53,374,544
$
53,063,126
(A)
The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”) and certain other consolidated VIEs, including funds and collateralized financing entities that are presented separately within assets and liabilities of consolidated entities. VIE assets can only be used to settle obligations and liabilities of the VIEs. VIE creditors do not have recourse to Rithm Capital Corp.
NON-GAAP FINANCIAL MEASURES AND RECONCILIATION TO GAAP NET INCOME
The Company has four primary variables that impact its performance: (i) net interest margin on assets held within the investment portfolio; (ii) realized and unrealized gains or losses on assets held within the investment portfolio and operating companies, including any impairment or reserve for expected credit losses; (iii) income from the Company’s operating company investments; and (iv) the Company’s operating expenses and taxes.
“Earnings available for distribution” is a non-GAAP financial measure of the Company’s operating performance, which is used by management to evaluate the Company’s performance, excluding: (i) net realized and unrealized gains and losses on certain assets and liabilities; (ii) net other income and losses; (iii) non-capitalized transaction-related expenses; (iv) depreciation and amortization on real estate investment properties; (v) straight-line rental income on commercial real estate properties; and (vi) deferred taxes.
The Company’s definition of earnings available for distribution excludes certain realized and unrealized losses, which although they represent a part of the Company’s recurring operations, are subject to significant variability and are generally limited to a potential indicator of future economic performance. Within net other income and losses, management primarily excludes (i) equity-based compensation expenses, (ii) non-cash deferred interest expense, (iii) amortization expense related to intangible assets and debt acquired below or above market prices and (iv) straight-line rental income on commercial real estate properties, as management does not consider this non-cash activity to be a component of earnings available for distribution. With regard to non-capitalized transaction-related expenses, management does not view these costs as part of the Company’s core operations, as they are considered by management to be similar to realized losses incurred at acquisition. Non-capitalized transaction related expenses generally relate to legal and valuation service costs, as well as other professional service fees, incurred when the Company acquires certain investments, as well as costs associated with the acquisition and integration of acquired businesses. Management also excludes deferred taxes because the Company believes deferred taxes are not representative of current operations.
Management believes that the adjustments to compute “earnings available for distribution” specified above allow investors and analysts to readily identify and track the operating performance of the assets that form the core of the Company’s activity, assist in comparing the core operating results between periods and enable investors to evaluate the Company’s current core performance using the same financial measure that management uses to operate the business. Management also utilizes earnings available for distribution as a financial measure in its decision-making process relating to improvements to the underlying fundamental operations of the Company’s investments, as well as the allocation of resources between those investments, and management also relies on earnings available for distribution as an indicator of the results of such decisions. Earnings available for distribution excludes certain recurring items, such as gains and losses (including impairment and reserves as well as derivative activities) and non-capitalized transaction-related expenses, because they are not considered by management to be part of the Company’s core operations for the reasons described herein. As such, earnings available for distribution is not intended to reflect all of the Company’s activity and should be considered as only one of the factors used by management in assessing the Company’s performance, along with GAAP net income which is inclusive of all of the Company’s activities.
The Company views earnings available for distribution as a consistent financial measure of its portfolio’s ability to generate income for distribution to common stockholders. Earnings available for distribution does not represent and should not be considered as a substitute for, or superior to, net income or as a substitute for, or superior to, cash flows from operating activities, each as determined in accordance with GAAP, and the Company’s calculation of this financial measure may not be comparable to similarly entitled financial measures reported by other companies. Furthermore, to maintain qualification as a REIT, U.S. federal income tax law generally requires that the Company distribute at least 90% of its REIT taxable income annually, determined without regard to the deduction for dividends paid and excluding net capital gains. Because the Company views earnings available for distribution as a consistent financial measure of its ability to generate income for distribution to common stockholders, earnings available for distribution is one metric, but not the exclusive metric, that the Company’s board of directors uses to determine the amount, if any, and the payment date of dividends on common stock. However, earnings available for distribution should not be considered as an indication of the Company’s taxable income, a guaranty of its ability to pay dividends or as a proxy for the amount of dividends it may pay, as earnings available for distribution excludes certain items that impact its cash needs.
Reconciliation of Non-GAAP Measure to the Respective GAAP Measure
The table below provides a reconciliation of earnings available for distribution to the most directly comparable GAAP financial measure (dollars in thousands, except share and per share data):
Three Months Ended
March 31,
2026
December 31,
2025
Net income attributable to common stockholders - GAAP
$
67,831
$
53,116
Adjustments:
Realized and unrealized losses, net, including MSR change in valuation inputs and assumptions
71,844
166,648
Other loss, net
15,633
26,330
Depreciation and amortization
87,280
27,824
Non-capitalized transaction-related expenses
8,330
33,373
Deferred taxes
38,718
111,614
Earnings available for distribution - Non-GAAP
$
289,636
$
418,905
Net income per diluted share
$
0.12
$
0.09
Earnings available for distribution per diluted share
$
0.51
$
0.74
Weighted average number of shares of common stock outstanding, diluted
565,927,074
564,691,202
SEGMENT INFORMATION
($ in thousands)
First Quarter Ended March 31, 2026
Origination
and
Servicing
Residential
Transitional
Lending
Asset
Management
Investment
Portfolio
Commercial
Real Estate
Corporate
Category
Total
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables
$
579,288
$
—
$
—
$
—
$
—
$
—
$
579,288
Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(211,456))
(204,229
)
—
—
—
—
—
(204,229
)
Servicing revenue, net
375,059
—
—
—
—
—
375,059
Interest income
234,877
87,659
38,897
95,967
1,832
2,645
461,877
Gain on originated residential mortgage loans, held-for-sale, net
194,972
—
—
13,278
—
—
208,250
Asset management revenue
—
—
104,818
—
1,769
—
106,587
Rental revenue
—
—
—
20,487
171,204
—
191,691
Other revenue
23,333
—
—
6,385
7,054
—
36,772
Total Revenue
828,241
87,659
143,715
136,117
181,859
2,645
1,380,236
Interest expense and warehouse line fees
215,797
35,659
6,173
76,555
58,462
38,016
430,662
Other segment expenses
151,269
6,537
49,811
25,109
84,000
19,276
336,002
Compensation and benefits
207,074
20,822
113,016
5,115
11,282
21,101
378,410
Depreciation and amortization
6,088
1,943
11,526
8,482
64,605
—
92,644
Total Operating Expenses
580,228
64,961
180,526
115,261
218,349
78,393
1,237,718
Realized and unrealized gains (losses), net
—
(606
)
(1,394
)
(13,034
)
(120
)
—
(15,154
)
Other income (loss), net
2,614
1,055
9,476
11,694
2,035
2
26,876
Total Other Income (Loss)
2,614
449
8,082
(1,340
)
1,915
2
11,722
Income (Loss) before Income Taxes
$
250,627
$
23,147
$
(28,729
)
$
19,516
$
(34,575
)
$
(75,746
)
$
154,240
Total Assets
$
28,311,493
$
4,505,746
$
4,504,047
$
9,905,297
$
5,902,572
$
245,389
$
53,374,544
Stockholders' Equity in Rithm Capital Corp.
$
5,797,840
$
934,217
$
1,282,840
$
1,564,567
$
1,249,074
$
(2,218,461
)
$
8,610,077
Fourth Quarter Ended December 31, 2025
Origination
and
Servicing
Residential Transitional
Lending
Asset
Management
Investment
Portfolio
Commercial
Real Estate
Corporate
Category
Total
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables
$
570,070
$
—
$
—
$
—
$
—
$
—
$
570,070
Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(232,554))
(421,815
)
—
—
—
—
—
(421,815
)
Servicing revenue, net
148,255
—
—
—
—
—
148,255
Interest income
305,075
82,075
16,470
93,696
337
3,161
500,814
Gain on originated residential mortgage loans, held-for-sale, net
188,023
—
—
15,708
—
—
203,731
Asset management revenue
—
—
359,229
—
260
—
359,489
Rental revenue
—
—
—
20,369
25,833
—
46,202
Other revenue
24,556
—
—
6,602
1,100
—
32,258
Total Revenue
665,909
82,075
375,699
136,375
27,530
3,161
1,290,749
Interest expense and warehouse line fees
254,331
34,960
6,720
87,927
8,188
30,695
422,821
Other segment expenses
159,952
9,073
48,215
26,661
13,124
4,341
261,366
Compensation and benefits
213,425
17,583
187,273
795
14,285
20,571
453,932
Depreciation and amortization
6,171
1,939
8,594
8,927
10,354
—
35,985
Total Operating Expenses
633,879
63,555
250,802
124,310
45,951
55,607
1,174,104
Realized and unrealized gains (losses), net
—
6,829
3,565
40,464
18
—
50,876
Other income (loss), net
527
158
9,777
28,860
(520
)
2
38,804
Total Other Income (Loss)
527
6,987
13,342
69,324
(502
)
2
89,680
Income (Loss) before Income Taxes
$
32,557
$
25,507
$
138,239
$
81,389
$
(18,923
)
$
(52,444
)
$
206,325
Total Assets
$
27,459,943
$
4,057,146
$
4,514,978
$
10,687,181
$
5,885,235
$
458,643
$
53,063,126
Stockholders' Equity in Rithm Capital Corp.
$
5,566,600
$
881,484
$
1,365,165
$
1,664,739
$
1,068,309
$
(2,115,810
)
$
8,430,487
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information in this press release constitutes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not historical facts. They represent management’s current expectations regarding future events and are subject to a number of trends and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those described in the forward-looking statements. Accordingly, you should not place undue reliance on any forward-looking statements contained herein. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Cautionary Statement Regarding Forward Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent annual and quarterly reports and other filings filed with the U.S. Securities and Exchange Commission, which are available on the Company’s website (www.rithmcap.com). New risks and uncertainties emerge from time to time, and it is not possible for Rithm Capital to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Forward-looking statements contained herein speak only as of the date of this press release, and Rithm Capital expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Rithm Capital's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.
ABOUT RITHM CAPITAL
Rithm Capital Corp. is a global alternative asset manager with significant experience managing credit and real estate assets. Rithm’s integrated platform spans asset-based finance, residential and commercial real estate lending, mortgage servicing rights, and structured credit. Through platforms including Elecor Properties, Newrez, Genesis Capital, Sculptor Capital Management, and Crestline Management, Rithm employs a unique owner-operator model to drive value for shareholders and investors. For more information, visit www.rithmcap.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260428165155/en/
Investor Relations
212-850-7770
ir@rithmcap.com
Original: Rithm Capital Corp. Announces First Quarter 2026 Results
US Market News
5月前
Rithm Capital Corp. Announces Fourth Quarter and Full Year 2025 ResultsFebruary 3, 2026 6:45 AM
Business Wire
Rithm Capital Corp. (NYSE: RITM; “Rithm Capital,” “Rithm” or the “Company”) today reported the following information for the fourth quarter ended and full year ended December 31, 2025.
Michael Nierenberg, Chief Executive Officer of Rithm Capital, said, “2025 was a year of strategic progress for Rithm, marked by disciplined execution and consistent performance across every segment of our business. We delivered a 19% EAD return on equity for the full year and, through the targeted acquisitions of Crestline and Paramount Group, we continued to expand our diversified, alternative asset management platform, ending the year with over $100 billion in investable assets. At the same time, we deepened our value creation capabilities across real estate and credit, further strengthening our platform.
“Our Q4 results underscore the durable momentum we have built as we closed key transactions, expanded our client franchise and maintained solid earnings that reflect the power of our unified ecosystem. As we enter 2026, Rithm is well-positioned for growth. The strategic investments we have made across asset management, Newrez, Genesis, and our investment portfolio provide a strong foundation to outcompete and capture strategic opportunities for our clients and shareholders. Our scale, diversity, and proprietary insight as an owner-operator give us distinctive advantages in today’s market, and I am confident in our platform and the growth trajectory ahead.”
Fourth Quarter 2025 Financial Highlights:
GAAP net income of $53.1 million, or $0.09 per diluted common share(1)
Earnings available for distribution of $418.9 million, or $0.74 per diluted common share(1)(2)
Common dividend of $139.0 million, or $0.25 per common share
Book value per common share of $12.66(1)
Full Year 2025 Financial Highlights:
GAAP net income of $567.2 million, or $1.04 per diluted common share(1)
Earnings available for distribution of approximately $1.3 billion, or $2.35 per diluted common share(1)(2)
Common dividend of $542.6 million, or $1.00 per common share
Q4 2025
Q3 2025
FY 2025
FY 2024
Summary Operating Results:
GAAP Net Income per Diluted Common Share(1)
$
0.09
$
0.35
$
1.04
$
1.67
GAAP Net Income (in millions)
$
53.1
$
193.7
$
567.2
$
835.0
Non-GAAP Results:
Earnings Available for Distribution per Diluted Common Share(1)(2)
$
0.74
$
0.54
$
2.35
$
2.10
Earnings Available for Distribution(2) (in millions)
$
418.9
$
296.9
$
1,282.2
$
1,050.5
Common Dividend:
Common Dividend per Share
$
0.25
$
0.25
$
1.00
$
1.00
Common Dividend (in millions)
$
139.0
$
138.5
$
542.6
$
503.4
Business Highlights:
Origination & Servicing:
Newrez LLC (“Newrez”), Rithm Capital’s multichannel mortgage origination and servicing platform, posted pre-tax operating income of $249.1 million in Q4’25, excluding the net of hedge mortgage servicing rights (“MSRs”) mark-to-market (“MTM”) loss and other non-operating items of $(216.5) million, down from $314.9 million in Q3’25, excluding the net of hedge MSRs MTM loss and other non-operating items of $(80.8) million.
For the full year 2025, Newrez posted pre-tax operating income of $1.1 billion, excluding the net of hedge MSRs MTM loss and other non-operating items of $(467.5) million, up from $966.4 million in 2024, excluding the net of hedge MSRs MTM gain and other non-operating items of $146.4 million.
Newrez generated a 17% annualized operating return on equity (“ROE”) on $5.9 billion of equity(3) in Q4’25. For the full year 2025, Newrez generated a 20% operating ROE on $5.8 billion of equity(3).
Total servicing unpaid principal balance (“UPB”) reached $852 billion at year end 2025, an increase of 1% year over year (“YoY”), which includes $256 billion UPB of third-party servicing, an increase of 1% YoY.
Origination funded production volume was $18.8 billion in Q4’25, an increase of 15% quarter over quarter (“QoQ”) and 9% YoY, and $63.3 billion for the full year 2025, an increase of 7% YoY.
Investment Portfolio:
Rithm Capital completed three non-qualified mortgage (“NQM”) securitizations in Q4’25 totaling $1.5 billion in UPB. For the full year 2025, Rithm Capital completed eight securitizations totaling $4.0 billion in UPB, achieving a record at Rithm Capital for NQM securitizations for both Q4’25 and for the full year 2025.
Acquired $294 million in home improvement loans in Q4’25 under the previously announced forward flow agreement with Upgrade, Inc.
Residential Transitional Lending:
Rithm Capital’s residential transitional lending platform, Genesis Capital LLC (“Genesis Capital”), recorded Q4’25 and full year 2025 origination volume of $1.4 billion and $4.8 billion, respectively, a YoY increase of 17% and 33%, respectively, continuing a series of record volume quarters achieved in 2025.
Genesis Capital continued to expand its sponsor base, growing new sponsors by 96 in Q4’25, a 123% increase YoY. New sponsor activity for full year 2025 also expanded to 269, achieving 66% YoY growth.
Asset Management:
Rithm Capital’s alternative asset manager, Sculptor Capital Management Inc. (“Sculptor Capital”), grew to approximately $38 billion of assets under management (“AUM”)(4) as of December 31, 2025, including gross fundraising inflows of $5.8 billion across the Sculptor platform in 2025, a 16% YoY increase.
In Q4’25, Sculptor Capital closed on its latest Real Estate Fund V with $5.5 billion in commitments, making it the largest fund in Sculptor’s real estate fund series and building upon the company’s 20+ year track record.
Sculptor Capital also continued its active presence in the collateralized loan obligation markets with 14 transactions for the full year 2025, contributing approximately $1.8 billion in AUM.
Rithm Capital completed its previously announced acquisition of Crestline Management, L.P. (“Crestline”), a Fort Worth, TX based alternative asset manager on December 1, 2025. As of September 30, 2025, Crestline managed $18 billion in AUM(4) across several complementary investment strategies, including direct lending, opportunistic credit, NAV-based lending and insurance.
Rithm Capital also completed its previously announced acquisition of Paramount Group, Inc., an owner and operator of Class A office properties in New York and San Francisco, on December 19, 2025.
(1)
Per diluted common share calculations for both GAAP Net Income and Earnings Available for Distribution are based on 564,691,202 and 551,295,686 weighted average diluted shares for the quarters ended December 31, 2025 and September 30, 2025, respectively. Per diluted common share calculations for both GAAP Net Income and Earnings Available for Distribution are based on 546,091,491 and 499,597,670 weighted average diluted shares for the years ended December 31, 2025 and 2024, respectively. The per share calculation of Book Value is based on 555,880,947 common shares outstanding as of December 31, 2025.
(2)
Earnings Available for Distribution is a non-GAAP financial measure. For a reconciliation of Earnings Available for Distribution to GAAP Net Income, as well as an explanation of this measure, please refer to the section entitled Non-GAAP Financial Measures and Reconciliation to GAAP Net Income below.
(3)
Q4’25 annualized operating ROE and full year 2025 operating ROE are non-GAAP measures. Q4’25 annualized operating ROE is calculated based on annualized pre-tax operating income of $249.1 million, excluding the net of hedge MSRs MTM and other non-operating items of $(216.5) million, divided by the average Origination and Servicing segment ending equity of $5.9 billion. Operating ROE for the full year 2025 is calculated based on pre-tax operating income of $1.1 billion, excluding the net of hedge MSRs MTM and other non-operating items of $(467.5) million, divided by the average Origination and Servicing segment ending equity of $5.8 billion.
(4)
AUM is estimated and refers to the value of assets for which Rithm Capital and its affiliates provide discretionary investment management or advisory services. AUM is generally calculated as the sum of: (i) the net asset value of managed accounts and open-ended funds or gross asset value of real estate and real estate funds, (ii) uncalled capital commitments and (iii) par value of structured credit vehicles. AUM includes amounts that are not subject to management fees, incentive income or other amounts earned on AUM. Rithm Capital's calculation of AUM is intended to provide a consistent and comparable measure of managed assets across its businesses; however it is not based on any specific regulatory definition and may differ from similarly titled measures presented by other asset managers and, as a result, may not be comparable.
ADDITIONAL INFORMATION
For additional information that management believes to be useful for investors, please refer to the latest presentation posted on the Investors - News section of the Company’s website, www.rithmcap.com. Information on, or accessible through, our website is not a part of, and is not incorporated into, this press release.
EARNINGS CONFERENCE CALL
Rithm Capital’s management will host a conference call on Tuesday, February 3, 2026 at 8:00 A.M. Eastern Time. A copy of the earnings release will be posted to the Investors - News section of Rithm Capital’s website, www.rithmcap.com.
The conference call may be accessed by dialing 1-833-974-2382 (from within the U.S.) or 1-412-317-5787 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference “Rithm Capital Fourth Quarter and Full Year 2025 Earnings Call.” In addition, participants are encouraged to pre-register for the conference call at https://dpregister.com/sreg/10206337/103377fcf1a.
A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.rithmcap.com. Please allow extra time prior to the call to visit the website and download any necessary software required to listen to the internet broadcast.
A telephonic replay of the conference call will also be available two hours following the call’s completion through 11:59 P.M. Eastern Time on Tuesday, February 10, 2026, by dialing 1-855-669-9658 (from within the U.S.) or 1-412-317-0088 (from outside of the U.S.); please reference access code “1202515”.
Rithm Capital Corp. and Subsidiaries
Consolidated Statements of Operations
($ in thousands, except share and per share data)
Three Months Ended
Year Ended December 31,
December 31, 2025
(Unaudited)
September 30, 2025
(Unaudited)
2025
(Unaudited)
2024
Revenues
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables
$
570,070
$
579,281
$
2,294,969
$
1,993,319
Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(232,554), $(189,881), $(746,006) and $(602,241), respectively)
(421,815
)
(264,351
)
(1,174,549
)
(455,918
)
Servicing revenue, net
148,255
314,930
1,120,420
1,537,401
Interest income
500,814
453,786
1,874,315
1,949,790
Gain on originated residential mortgage loans, held-for-sale, net
203,731
196,308
729,526
682,535
Other revenues
78,460
55,628
238,927
227,472
Asset management revenues
359,489
84,871
627,040
520,294
1,290,749
1,105,523
4,590,228
4,917,492
Expenses
Interest expense and warehouse line fees
422,821
402,690
1,662,433
1,835,325
General and administrative
297,351
237,092
1,011,564
868,484
Compensation and benefits
453,932
299,073
1,318,879
1,134,768
1,174,104
938,855
3,992,876
3,838,577
Other Income (Loss)
Realized and unrealized gains (losses), net
50,876
53,393
125,867
72,639
Other income (loss), net
38,804
16,809
83,164
57,255
89,680
70,202
209,031
129,894
Income before Income Taxes
206,325
236,870
806,383
1,208,809
Income tax expense (benefit)
115,747
8,072
88,291
267,317
Net Income
90,578
228,798
718,092
941,492
Noncontrolling interests in income of consolidated subsidiaries
1,234
3,331
8,820
9,989
Redeemable noncontrolling interests in income of consolidated subsidiaries
4,353
3,929
12,215
—
Net Income Attributable to Rithm Capital Corp.
84,991
221,538
697,057
931,503
Change in redemption value of redeemable noncontrolling interests
—
—
15,611
—
Dividends on preferred stock
31,875
27,876
114,246
96,456
Net Income Attributable to Common Stockholders
$
53,116
$
193,662
$
567,200
$
835,047
Net Income per Share of Common Stock
Basic
$
0.10
$
0.36
$
1.05
$
1.69
Diluted
$
0.09
$
0.35
$
1.04
$
1.67
Weighted Average Number of Shares of Common Stock Outstanding
Basic
555,021,130
541,835,419
537,879,037
495,479,956
Diluted
564,691,202
551,295,686
546,091,491
499,597,670
Dividends Declared per Share of Common Stock
$
0.25
$
0.25
$
1.00
$
1.00
Rithm Capital Corp. and Subsidiaries
Consolidated Balance Sheets
($ in thousands, except share and per share data)
December 31,
2025
(Unaudited)
2024
Assets
Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value
$
10,359,141
$
10,321,671
Government and government-backed securities ($5,230,139 and $9,711,346 at fair value, respectively)
5,254,905
9,736,116
Residential mortgage loans, held-for-sale ($5,427,481 and $4,307,571 at fair value, respectively)(A)
5,484,272
4,374,241
Residential mortgage loans, held-for-investment, at fair value
324,688
361,890
Consumer loans, held-for-investment, at fair value(A)
784,399
665,565
Residential transition loans, at fair value
2,699,864
2,178,075
Residential mortgage loans subject to repurchase
3,952,792
2,745,756
Real estate, net(A)
4,673,886
1,056,193
Insurance company investments, at fair value
906,454
—
Cash and cash equivalents(A)
1,847,626
1,458,743
Restricted cash(A)
809,312
308,443
Servicer advances receivable
3,090,613
3,198,921
Intangible assets, net
1,878,196
331,949
Other assets ($2,707,456 and $2,311,979 at fair value, respectively)(A)
5,216,432
4,203,568
Assets of Consolidated Entities(A):
Investments, at fair value and other assets
5,789,349
5,107,826
Total Assets
$
53,071,929
$
46,048,957
Liabilities and Equity
Liabilities
Secured financing agreements(A)
$
13,763,802
$
16,782,467
Secured notes and bonds payable ($143,442 and $185,460 at fair value, respectively)(A)
15,203,770
10,298,075
Residential mortgage loan repurchase liability
3,952,792
2,745,756
Unsecured notes, net of issuance costs
1,421,088
1,204,220
Interest sensitive insurance contract liabilities
960,209
—
Dividends payable
178,900
153,114
Accrued expenses and other liabilities ($638,090 and $525,486 at fair value, respectively)(A)
3,349,847
2,630,771
Liabilities of Consolidated Entities(A):
Notes payable, at fair value and other liabilities
4,978,212
4,348,244
Total Liabilities
43,808,620
38,162,647
Commitments and Contingencies
Redeemable Noncontrolling Interests of Consolidated Subsidiaries
314,303
—
Stockholders’ Equity
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 57,564,122 and 51,964,122 issued and outstanding, $1,439,104 and $1,299,104 aggregate liquidation preference, respectively
1,390,790
1,257,254
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 555,880,947 and 520,656,256 issued and outstanding, respectively
5,559
5,206
Additional paid-in capital
6,982,991
6,528,613
Retained earnings
(19,945
)
(46,985
)
Accumulated other comprehensive income
71,092
50,886
Stockholders’ Equity in Rithm Capital Corp.
8,430,487
7,794,974
Noncontrolling interests in equity of consolidated subsidiaries
518,519
91,336
Total Stockholders’ Equity
8,949,006
7,886,310
Total Liabilities and Equity
$
53,071,929
$
46,048,957
(A)
The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”) and certain other consolidated VIEs, including funds and collateralized financing entities (“CFEs”) that are presented separately within assets and liabilities of consolidated entities. VIE assets can only be used to settle obligations and liabilities of the VIEs. VIE creditors do not have recourse to Rithm Capital Corp.
NON-GAAP FINANCIAL MEASURES AND RECONCILIATION TO GAAP NET INCOME
The Company has four primary variables that impact its performance: (i) net interest margin on assets held within the investment portfolio; (ii) realized and unrealized gains or losses on assets held within the investment portfolio and operating companies, including any impairment or reserve for expected credit losses; (iii) income from the Company’s operating company investments; and (iv) the Company’s operating expenses and taxes.
“Earnings available for distribution” is a non-GAAP financial measure of the Company’s operating performance, which is used by management to evaluate the Company’s performance, excluding: (i) net realized and unrealized gains and losses on certain assets and liabilities; (ii) net other income and losses; (iii) non-capitalized transaction-related expenses; and (iv) deferred taxes.
The Company’s definition of earnings available for distribution excludes certain realized and unrealized losses, which although they represent a part of the Company’s recurring operations, are subject to significant variability and are generally limited to a potential indicator of future economic performance. Within net other income and losses, management primarily excludes (i) equity-based compensation expenses, (ii) severance costs, (iii) non-cash deferred interest expense, (iv) depreciation expense related to real estate properties and (v) amortization expense related to intangible assets, as management does not consider this non-cash activity to be a component of earnings available for distribution. With regard to non-capitalized transaction-related expenses, management does not view these costs as part of the Company’s core operations, as they are considered by management to be similar to realized losses incurred at acquisition. Non-capitalized transaction related expenses generally relate to legal and valuation service costs, as well as other professional service fees, incurred when the Company acquires certain investments, as well as costs associated with the acquisition and integration of acquired businesses. Management also excludes deferred taxes because the Company believes deferred taxes are not representative of current operations.
Management believes that the adjustments to compute “earnings available for distribution” specified above allow investors and analysts to readily identify and track the operating performance of the assets that form the core of the Company’s activity, assist in comparing the core operating results between periods and enable investors to evaluate the Company’s current core performance using the same financial measure that management uses to operate the business. Management also utilizes earnings available for distribution as a financial measure in its decision-making process relating to improvements to the underlying fundamental operations of the Company’s investments, as well as the allocation of resources between those investments, and management also relies on earnings available for distribution as an indicator of the results of such decisions. Earnings available for distribution excludes certain recurring items, such as gains and losses (including impairment and reserves as well as derivative activities) and non-capitalized transaction-related expenses, because they are not considered by management to be part of the Company’s core operations for the reasons described herein. As such, earnings available for distribution is not intended to reflect all of the Company’s activity and should be considered as only one of the factors used by management in assessing the Company’s performance, along with GAAP net income which is inclusive of all of the Company’s activities.
The Company views earnings available for distribution as a consistent financial measure of its portfolio’s ability to generate income for distribution to common stockholders. Earnings available for distribution does not represent and should not be considered as a substitute for, or superior to, net income or as a substitute for, or superior to, cash flows from operating activities, each as determined in accordance with GAAP, and the Company’s calculation of this financial measure may not be comparable to similarly entitled financial measures reported by other companies. Furthermore, to maintain qualification as a REIT, U.S. federal income tax law generally requires that the Company distribute at least 90% of its REIT taxable income annually, determined without regard to the deduction for dividends paid and excluding net capital gains. Because the Company views earnings available for distribution as a consistent financial measure of its ability to generate income for distribution to common stockholders, earnings available for distribution is one metric, but not the exclusive metric, that the Company’s board of directors uses to determine the amount, if any, and the payment date of dividends on common stock. However, earnings available for distribution should not be considered as an indication of the Company’s taxable income, a guaranty of its ability to pay dividends or as a proxy for the amount of dividends it may pay, as earnings available for distribution excludes certain items that impact its cash needs.
Reconciliation of Non-GAAP Measure to the Respective GAAP Measure
The table below provides a reconciliation of earnings available for distribution to the most directly comparable GAAP financial measure (dollars in thousands, except share and per share data):
Three Months Ended
Year Ended December 31,
December 31,
2025
September 30,
2025
2025
2024
Net income (loss) attributable to common stockholders - GAAP
$
53,116
$
193,662
$
567,200
$
835,047
Adjustments:
Realized and unrealized (gains) losses, net, including MSR change in valuation inputs and assumptions
166,648
44,364
397,845
(181,070
)
Other (income) loss, net
54,154
43,248
203,037
142,285
Computershare Mortgage Acquisition:
Bargain purchase gain
—
—
—
(27,415
)
Non-recurring acquisition and restructuring expenses
—
—
—
14,936
Non-capitalized transaction-related expenses
33,373
11,735
53,775
12,286
Deferred taxes
111,614
3,883
60,348
254,402
Earnings available for distribution - Non-GAAP
$
418,905
$
296,892
$
1,282,205
$
1,050,471
Net income (loss) per diluted share
$
0.09
$
0.35
$
1.04
$
1.67
Earnings available for distribution per diluted share
$
0.74
$
0.54
$
2.35
$
2.10
Weighted average number of shares of common stock outstanding, diluted
564,691,202
551,295,686
546,091,491
499,597,670
SEGMENT INFORMATION
($ in thousands)
Fourth Quarter Ended December 31, 2025
Origination and Servicing
Residential Transitional Lending
Asset Management
Investment Portfolio
Corporate Category
Total
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables
$
570,070
$
—
$
—
$
—
$
—
$
570,070
Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(232,554))
(421,815
)
—
—
—
—
(421,815
)
Servicing revenue, net
148,255
—
—
—
—
148,255
Interest income
305,075
82,075
16,807
93,696
3,161
500,814
Gain on originated residential mortgage loans, held-for-sale, net
188,023
—
—
15,708
—
203,731
Other revenues
24,556
—
26,933
26,971
—
78,460
Asset management revenues
—
—
359,489
—
—
359,489
Total Revenues
665,909
82,075
403,229
136,375
3,161
1,290,749
Interest expense and warehouse line fees
254,331
34,960
18,878
87,927
26,725
422,821
Other segment expenses
159,952
9,073
61,339
26,661
4,341
261,366
Compensation and benefits
213,425
17,583
201,558
795
20,571
453,932
Depreciation and amortization
6,171
1,939
18,948
8,927
—
35,985
Total Operating Expenses
633,879
63,555
300,723
124,310
51,637
1,174,104
Realized and unrealized gains (losses), net
—
6,829
3,583
40,464
—
50,876
Other income (loss), net
527
158
9,257
28,860
2
38,804
Total Other Income (Loss)
527
6,987
12,840
69,324
2
89,680
Income (Loss) before Income Taxes
32,557
25,507
115,346
81,389
(48,474
)
206,325
Income tax expense (benefit)
94,114
(59
)
24,873
(4,268
)
1,087
115,747
Net Income (Loss)
(61,557
)
25,566
90,473
85,657
(49,561
)
90,578
Noncontrolling interests in income (loss) of consolidated subsidiaries
976
—
(911
)
1,169
—
1,234
Redeemable noncontrolling interests in income of consolidated subsidiaries
—
—
1,907
—
2,446
4,353
Net Income (Loss) Attributable to Rithm Capital Corp.
(62,533
)
25,566
89,477
84,488
(52,007
)
84,991
Dividends on preferred stock
—
—
—
—
31,875
31,875
Net Income (Loss) Attributable to Common Stockholders
$
(62,533
)
$
25,566
$
89,477
$
84,488
$
(83,882
)
$
53,116
Total Assets
$
27,459,943
$
4,057,146
$
10,409,016
$
10,687,181
$
458,643
$
53,071,929
Stockholders' Equity in Rithm Capital Corp.
$
5,566,600
$
881,484
$
1,650,474
$
1,664,739
$
(1,332,810
)
$
8,430,487
Third Quarter Ended September 30, 2025
Origination and Servicing
Residential Transitional Lending
Asset Management
Investment Portfolio
Corporate Category
Total
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables
$
579,281
$
—
$
—
$
—
$
—
$
579,281
Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(189,881))
(264,351
)
—
—
—
—
(264,351
)
Servicing revenue, net
314,930
—
—
—
—
314,930
Interest income
309,878
77,606
10,601
52,480
3,221
453,786
Gain on originated residential mortgage loans, held-for-sale, net
182,446
—
—
13,862
—
196,308
Other revenues
28,946
—
—
26,682
—
55,628
Asset management revenues
—
—
84,871
—
—
84,871
Total Revenues
836,200
77,606
95,472
93,024
3,221
1,105,523
Interest expense and warehouse line fees
254,253
36,785
6,181
78,767
26,704
402,690
Other segment expenses
141,525
5,112
26,926
19,248
21,151
213,962
Compensation and benefits
198,213
15,805
65,590
1,032
18,433
299,073
Depreciation and amortization
6,342
1,936
7,423
7,429
—
23,130
Total Operating Expenses
600,333
59,638
106,120
106,476
66,288
938,855
Realized and unrealized gains (losses), net
—
3,145
6,628
43,620
—
53,393
Other income (loss), net
(1,756
)
138
10,987
7,433
7
16,809
Total Other Income (Loss)
(1,756
)
3,283
17,615
51,053
7
70,202
Income (Loss) before Income Taxes
234,111
21,251
6,967
37,601
(63,060
)
236,870
Income tax expense (benefit)
7,754
(627
)
942
3
—
8,072
Net Income (Loss)
226,357
21,878
6,025
37,598
(63,060
)
228,798
Noncontrolling interests in income (loss) of consolidated subsidiaries
916
—
961
1,454
—
3,331
Redeemable noncontrolling interest in income of consolidated subsidiary
—
—
1,309
—
2,620
3,929
Net Income (Loss) Attributable to Rithm Capital Corp.
225,441
21,878
3,755
36,144
(65,680
)
221,538
Dividends on preferred stock
—
—
—
—
27,876
27,876
Net Income (Loss) Attributable to Common Stockholders
$
225,441
$
21,878
$
3,755
$
36,144
$
(93,556
)
$
193,662
Total Assets
$
29,143,691
$
3,944,081
$
2,835,646
$
10,741,474
$
500,502
$
47,165,394
Stockholders' Equity in Rithm Capital Corp.
$
6,180,238
$
941,029
$
924,367
$
1,739,359
$
(1,286,476
)
$
8,498,517
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain information in this press release constitutes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not historical facts. They represent management’s current expectations regarding future events and are subject to a number of trends and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those described in the forward-looking statements. Accordingly, you should not place undue reliance on any forward-looking statements contained herein. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Cautionary Statement Regarding Forward Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent annual and quarterly reports and other filings filed with the U.S. Securities and Exchange Commission, which are available on the Company’s website (www.rithmcap.com). New risks and uncertainties emerge from time to time, and it is not possible for Rithm Capital to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Forward-looking statements contained herein speak only as of the date of this press release, and Rithm Capital expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Rithm Capital's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.
ABOUT RITHM CAPITAL
Rithm Capital Corp. is a global alternative asset manager with significant experience managing credit and real estate assets. The firm combines deep institutional expertise with an entrepreneurial culture that drives innovation and disciplined growth across multiple market segments. Rithm’s integrated investment platform spans across asset-based finance, lending across residential and commercial real estate, mortgage servicing rights (MSRs) and structured credit. Through subsidiaries such as Newrez, Genesis Capital, Sculptor Capital Management, Crestline Management, and Paramount Group, Rithm has established a unique owner-operator model, capable of sourcing, financing, and actively managing debt and equity investments, to drive value for shareholders and investors.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260203639571/en/
Investor Relations
212-850-7770
ir@rithmcap.com
Original: Rithm Capital Corp. Announces Fourth Quarter and Full Year 2025 Results
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