Rithm Capital Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Rithm Capital Corp reported revenue of $4.6B (-11.8% year on year) and net income of $718.1M (-23.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues | $5.1B | $6.5B | $3.7B | — |
| Total Revenues | $4.6B | $5.2B | $3.8B | $4.7B |
| Interest expense and warehouse line fees | $1.7B | $1.8B | $1.4B | $791.0M |
| General and administrative | $1.0B | $868.5M | $730.8M | $875.4M |
| Compensation and benefits | $1.3B | $1.1B | $787.1M | $1.2B |
| Total Operating Expenses | $4.0B | $3.8B | $2.9B | $3.3B |
| Realized and unrealized gains, net | $125.9M | ($215.7M) | ($37.2M) | $1.1B |
| Other income (loss), net | $83.2M | $57.3M | ($69.0M) | $131.3M |
| Total Other Income (Loss) | $209.0M | ($158.4M) | ($106.2M) | ($120.1M) |
| Income (Loss) before Income Taxes | $806.4M | $1.2B | $752.8M | $1.3B |
| Income tax expense | $88.3M | $267.3M | $122.2M | $279.5M |
| Net Income (Loss) | $718.1M | $941.5M | $630.7M | $983.3M |
| Non-controlling interests in income of consolidated subsidiaries | $8.8M | — | — | — |
| Redeemable non-controlling interests in income of consolidated subsidiaries | $12.2M | — | — | — |
| Net Income (Loss) Attributable to Rithm Capital Corp. | $697.1M | — | — | — |
| Change in redemption value of redeemable non-controlling interests | $15.6M | — | — | — |
| Dividends on preferred stock | $114.2M | $96.5M | $89.6M | $89.7M |
| Net Income (Loss) Attributable to Common Stockholders | $567.2M | $835.0M | $532.7M | $864.8M |
| Basic (in dollars per share) | $1.05 | $1.69 | $1.11 | $1.84 |
| Diluted (in dollars per share) | $1.04 | $1.67 | $1.10 | $1.80 |
| Basic (in shares) | 537.9M | 495.5M | 481.9M | 468.8M |
| Diluted (in shares) | 546.1M | 499.6M | 483.7M | 481.6M |
| Dividends Declared per Share of Common Stock (in dollars per share) | $1.00 | $1.00 | $1.00 | $1.00 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues | $1.3B | $1.5B | $1.3B | $1.5B |
| Interest expense and warehouse line fees | $464.1M | $430.7M | $402.7M | $417.9M |
| General, administrative and operating | $307.3M | $336.0M | $237.1M | $239.6M |
| Compensation and benefits | $410.5M | $378.4M | $299.1M | $294.4M |
| Depreciation and amortization | $93.5M | $92.6M | — | — |
| Total Operating Expenses | $1.3B | $1.2B | $938.9M | $951.9M |
| Realized and unrealized gains, net | $56.3M | ($15.2M) | $53.4M | $22.7M |
| Other income, net | $23.8M | $26.9M | $16.8M | $18.5M |
| Total Other Income | $80.1M | $11.7M | $70.2M | $41.2M |
| Income (Loss) before Income Taxes | $86.9M | $154.2M | $236.9M | $306.4M |
| Income tax expense (benefit) | $19.0M | $44.8M | $8.1M | ($11.6M) |
| Net Income | $67.9M | $109.5M | $228.8M | $318.0M |
| Non-controlling interests in income of consolidated subsidiaries | $8.0M | ($146.0K) | $3.3M | $3.2M |
| Redeemable non-controlling interests in income of consolidated subsidiaries | $3.6M | $6.9M | $3.9M | $3.1M |
| Net Income Attributable to Rithm Capital Corp. | $56.3M | $102.7M | $221.5M | $311.7M |
| Change in redemption value of redeemable non-controlling interests | $0 | $0 | $0 | $0 |
| Dividends on preferred stock | $36.1M | $34.8M | $27.9M | $27.8M |
| Net Income Attributable to Common Stockholders | $20.2M | $67.8M | $193.7M | $283.9M |
| Basic (in dollars per share) | $0.04 | $0.12 | $0.36 | $0.54 |
| Diluted (in dollars per share) | $0.04 | $0.12 | $0.35 | $0.53 |
| Basic (in shares) | 558.3M | 556.7M | 541.8M | 530.2M |
| Diluted (in shares) | 568.3M | 565.9M | 551.3M | 537.3M |
| Dividends Declared per Share of Common Stock (in dollars per share) | $0.25 | $0.25 | $0.25 | $0.25 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value | $10.4B | $10.3B | $8.4B | $8.9B |
| Government and government-backed securities (includes $5,230,139 and $9,711,346 at fair value, respectively) | $5.3B | $9.7B | — | — |
| Residential mortgage loans, held-for-sale (includes [$—] and [$4,307,571] at fair value, respectively) | $5.5B | $4.4B | $2.5B | $3.4B |
| Residential mortgage loans, held-for-investment, at fair value | $324.7M | $361.9M | — | — |
| Consumer loans held-for-investment, at fair value | $784.4M | $665.6M | $1.3B | — |
| Residential transition loans, at fair value | $2.7B | $2.2B | $2.2B | $2.1B |
| Residential mortgage loans subject to repurchase | $4.0B | $2.7B | $1.8B | $1.2B |
| Real estate, net | $6.2B | — | — | — |
| Insurance company investments, at fair value | $906.5M | — | — | — |
| Cash and cash equivalents | $1.8B | $1.5B | $1.3B | $1.3B |
| Restricted cash | $941.8M | $459.1M | $385.6M | $281.1M |
| Servicer advances receivable | $3.1B | $3.2B | $2.8B | $2.8B |
| Other assets | $5.6B | $4.6B | $3.5B | $1.9B |
| Investments, at fair value and other assets | $5.8B | $5.1B | — | — |
| Total Assets | $53.1B | $46.0B | $35.3B | $32.5B |
| Secured financing agreements | $13.8B | $16.8B | $12.6B | $11.3B |
| Secured notes and bonds payable (includes [$185,460] and [$185,460] at fair value, respectively) | $15.2B | $10.3B | $10.7B | $10.1B |
| Residential mortgage loan repurchase liability | $4.0B | $2.7B | $1.8B | $1.2B |
| Unsecured notes, net of issuance costs | $1.4B | $1.2B | $719.0M | $545.1M |
| Interest Sensitive Insurance Contract Liabilities | $960.2M | — | — | — |
| Dividends payable | $178.9M | $153.1M | $135.9M | $129.8M |
| Accrued expenses and other liabilities (includes [[•]] and [$525,486] at fair value, respectively) | $3.3B | $2.6B | $2.3B | $1.5B |
| Notes payable, at fair value and other liabilities | $5.0B | $4.3B | — | — |
| Total Liabilities | $43.8B | $38.2B | $28.2B | $25.5B |
| Redeemable Non-controlling Interests of Consolidated Subsidiaries (Note 22) | $314.3M | — | — | — |
| 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 | 1.4B | 1.3B | 1.3B | 1.3B |
| Common stock, $0.01 par value, 2,000,000,000 shares authorized, 555,880,947 and 520,656,256 issued and outstanding, respectively | 5.6M | 5.2M | 4.8M | 4.7M |
| Additional paid-in capital | $7.0B | $6.5B | $6.1B | $6.1B |
| Accumulated deficit | ($19.9M) | ($47.0M) | ($373.1M) | ($418.7M) |
| Accumulated other comprehensive income | $71.1M | $50.9M | $43.7M | $37.7M |
| Stockholders’ Equity in Rithm Capital Corp. | $8.4B | $7.8B | $7.0B | $6.9B |
| Non-controlling interests in equity of consolidated subsidiaries | $509.9M | $91.3M | $94.1M | $67.1M |
| Total Stockholders’ Equity | $8.9B | $7.9B | $7.1B | $7.0B |
| Total Liabilities and Equity | $53.1B | $46.0B | $35.3B | $32.5B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value | $11.1B | $10.9B | $10.4B | $10.4B |
| Government and government-backed securities (includes $4,887,937 and $5,230,139 at fair value, respectively) | $4.9B | $5.1B | $8.6B | $8.9B |
| Residential mortgage loans (includes $5,083,003 and $5,752,169 at fair value, respectively) | $4.3B | $5.1B | $5.9B | $4.2B |
| Consumer loans, at fair value | $707.1M | $805.3M | $598.1M | $465.2M |
| Residential transition loans, at fair value | $3.8B | $3.2B | $2.6B | $2.5B |
| Residential mortgage loans subject to repurchase | $4.3B | $4.4B | $2.7B | $2.3B |
| Real estate, net | $6.1B | $6.2B | — | — |
| Insurance company investments, at fair value | $1.1B | $1.0B | — | — |
| Cash, cash equivalents and restricted cash | $2.5B | $2.5B | — | — |
| Servicer advances receivable | $2.8B | $2.9B | $2.6B | $2.7B |
| Other assets | $5.6B | $5.7B | $4.7B | $4.7B |
| Investments, at fair value and other assets | $6.9B | $5.7B | $5.6B | $4.9B |
| Total Assets | $54.1B | $53.4B | $47.2B | $44.3B |
| Secured financing agreements | $13.7B | $13.9B | $16.5B | $15.9B |
| Secured notes and bonds payable (includes $134,319 and $143,442 at fair value, respectively) | $14.4B | $14.8B | $9.5B | $9.8B |
| Residential mortgage loan repurchase liability | $4.3B | $4.4B | $2.7B | $2.3B |
| Unsecured notes, net of issuance costs | $1.9B | $1.4B | $1.4B | $1.4B |
| Interest sensitive insurance contract liabilities | $1.1B | $1.1B | — | — |
| Dividends payable | $185.0M | $179.1M | $169.6M | $161.0M |
| Accrued expenses and other liabilities (includes $610,185 and $638,090 at fair value, respectively) | $3.1B | $3.1B | $3.1B | $2.4B |
| Notes payable, at fair value and other liabilities | $6.0B | $4.9B | $4.8B | $4.1B |
| Total Liabilities | $44.7B | $43.9B | $38.3B | $36.0B |
| Redeemable Non-controlling Interests of Consolidated Subsidiaries (Note 22) | $397.3M | $361.1M | $296.8M | $261.0M |
| 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 | 1.6B | 1.6B | 1.4B | 1.2B |
| Common stock, $0.01 par value, 2,000,000,000 shares authorized, 558,407,031 and 555,880,947 issued and outstanding, respectively | 5.6M | 5.6M | 5.5M | 5.3M |
| Additional paid-in capital | $7.0B | $7.0B | $7.0B | $6.7B |
| Accumulated deficit | ($226.4M) | ($100.0M) | $70.8M | $18.4M |
| Accumulated other comprehensive income | $71.5M | $73.3M | $69.8M | $64.8M |
| Stockholders’ Equity in Rithm Capital Corp. | $8.5B | $8.6B | $8.5B | $7.9B |
| Non-controlling interests in equity of consolidated subsidiaries | $534.6M | $534.1M | $114.2M | $110.8M |
| Total Stockholders’ Equity | $9.1B | $9.1B | $8.6B | $8.1B |
| Total Liabilities and Equity | $54.1B | $53.4B | $47.2B | $44.3B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $718.1M | $941.5M | $630.7M | $983.3M |
| Change in fair value of investments, net | ($64.6M) | $336.9M | $843.9M | ($1.1B) |
| Change in fair value of secured notes and bonds payable | $25.3M | $5.9M | $17.2M | ($45.8M) |
| (Gain) loss on settlement of investments, net | ($108.9M) | ($129.4M) | ($820.2M) | $1.4B |
| Gain on sale of originated residential mortgage loans, held-for-sale, net | ($729.5M) | ($682.5M) | ($508.4M) | ($1.1B) |
| Gain on transfer of loans to real estate owned (“REO”) | ($1.2M) | — | — | — |
| Accretion and other amortization | ($7.0M) | ($87.7M) | ($120.7M) | ($91.9M) |
| Reversal of credit losses on securities, loans and REO | ($4.9M) | ($319.0K) | ($478.0K) | $15.0M |
| Non-cash portions of servicing revenue, net | $1.2B | $251.2M | $618.0M | ($645.4M) |
| Deferred tax provision | $60.3M | $254.4M | $90.0M | $271.2M |
| Mortgage loans originated and purchased for sale, net of fees | ($66.3B) | ($60.4B) | ($39.8B) | ($76.4B) |
| Sales proceeds and loan repayment proceeds for residential mortgage loans, held-for-sale | $63.4B | $57.3B | $40.4B | $83.3B |
| Sales proceeds and loan repayment proceeds of consolidated entities | $997.4M | $386.7M | — | — |
| Residential transition loans repayment proceeds of consolidated entities | $0 | $0 | — | — |
| Interest received from servicer advance investments, RMBS, loans and other | $48.7M | $56.2M | $54.5M | $62.4M |
| Interest received from reverse repurchase agreements | $0 | $57.4M | — | — |
| Premiums collected on insurance contract liabilities | $39.0M | — | — | — |
| Increase (Decrease) In Benefits Paid On Insurance Contract Liabilities | ($4.6M) | — | — | — |
| Principal repayments and sales proceeds of investments of consolidated entities | $0 | $318.9M | — | — |
| Loan originations and investment purchases of consolidated entities | ($529.4M) | ($474.1M) | — | — |
| Servicer advances receivable | $44.3M | ($222.9M) | $15.0M | ($36.7M) |
| Other assets | ($128.4M) | ($63.2M) | ($428.8M) | $405.5M |
| Accrued expenses and other liabilities | ($66.4M) | ($88.8M) | $89.9M | ($89.0M) |
| Net cash provided by (used in) operating activities | ($1.3B) | ($2.2B) | $1.1B | $6.9B |
| Business acquisitions, net of cash acquired | ($1.1B) | ($603.8M) | ($324.8M) | $0 |
| Purchase of servicer advance investments | ($692.8M) | ($781.9M) | ($852.0M) | ($988.8M) |
| Purchase of Excess MSRs | $0 | ($122.9M) | — | — |
| Purchase of government-backed and other securities | ($2.5B) | ($1.2B) | — | — |
| Proceeds from sale of government-backed and other securities | $3.1B | $2.6B | — | — |
| Purchase of Treasury securities | ($99.0M) | ($12.4B) | ($998.1M) | — |
| Treasury sales and Treasury securities payable | $3.3B | $7.2B | $1.8B | — |
| Reverse repurchase agreements entered and repurchase agreements closed | ($507.9M) | ($2.3B) | ($1.8B) | — |
| Reverse repurchase agreements closed and repurchase agreements entered | $503.9M | $4.1B | — | — |
| Maturity of Treasury securities | $100.0M | $75.0M | $1.0B | — |
| Purchase of SFR properties, MSRs and other assets | ($402.6M) | ($449.9M) | ($106.4M) | ($416.1M) |
| Purchase of residential transition loans | ($9.0M) | $0 | ($146.6M) | — |
| Origination of residential transition loans | ($4.1B) | ($2.9B) | — | — |
| Purchase of consumer loans | ($500.3M) | — | — | — |
| Draws on revolving consumer loans | ($22.1M) | ($24.1M) | ($27.5M) | ($29.6M) |
| Purchase of insurance company investments, at fair value | ($152.8M) | — | — | — |
| Net settlement of derivatives and hedges | $187.1M | $129.4M | $867.6M | — |
| Return of investments in Excess MSRs | $39.7M | $38.2M | $31.9M | $17.7M |
| Return of investments in equity method investees | $6.1M | $32.4M | — | — |
| Principal repayments from servicer advance investments | $737.8M | $809.0M | $880.9M | $1.0B |
| Principal repayments from government, government-backed and other securities | $841.7M | $751.3M | $693.5M | $1.1B |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $177.4M | $109.5M | $627.5M | $398.7M |
| Change in fair value of investments, net | $1.3M | $18.9M | ($81.7M) | ($7.9M) |
| Change in fair value of secured notes and bonds payable | $13.3M | $6.0M | $26.1M | $24.0M |
| Gain on settlement of investments, net | ($154.5M) | ($72.2M) | ($19.9M) | ($11.5M) |
| Gain on sale of originated residential mortgage loans, held-for-sale, net | ($415.3M) | ($208.3M) | ($525.8M) | ($329.5M) |
| Gain on transfer of loans to real estate owned (“REO”) | ($1.3M) | ($796.0K) | ($707.0K) | ($40.0K) |
| Depreciation and amortization | $186.2M | — | — | — |
| Deferred financing cost amortization and other accretion | ($23.3M) | $44.3M | ($40.0M) | ($34.3M) |
| Reversal of credit losses on securities, loans and REO | ($108.0K) | $107.0K | ($4.0M) | ($2.9M) |
| Non-cash portions of servicing revenue, net | $651.9M | $225.3M | $790.0M | $508.7M |
| Deferred tax provision | $52.4M | $38.7M | ($51.3M) | ($55.1M) |
| Mortgage loans originated and purchased for sale, net of fees | ($33.1B) | ($16.2B) | ($46.9B) | ($29.4B) |
| Sales proceeds and loan repayment proceeds for residential mortgage loans, held-for-sale | $32.3B | $16.1B | $44.2B | $29.1B |
| Interest received from servicer advance investments, RMBS, loans and other | $24.4M | $12.4M | $36.3M | $23.1M |
| Principal repayments and sales proceeds of investments of consolidated entities | $437.2M | $0 | — | — |
| Loan originations and investment purchases of consolidated entities | ($184.0M) | ($155.6M) | ($531.0M) | ($390.0M) |
| Servicer advances receivable | $284.3M | $204.9M | $513.2M | $463.3M |
| Other assets | $174.2M | ($259.2M) | $57.5M | $165.3M |
| Accrued expenses and other liabilities | ($140.3M) | ($249.4M) | ($16.5M) | ($121.7M) |
| Net cash provided by operating activities | $274.8M | $100.7M | ($1.2B) | $864.2M |
| Purchase of servicer advance investments | ($332.4M) | ($168.4M) | ($520.3M) | ($350.4M) |
| Purchase of government-backed and other securities | $0 | $0 | ($2.0B) | ($1.5B) |
| Proceeds from sale of government-backed and other securities | $0 | $0 | $1.3M | $1.3M |
| Purchase of Treasury securities | ($24.7M) | $0 | ($74.2M) | ($49.5M) |
| Treasury sales and Treasury securities payable | $0 | — | $3.3B | $2.0B |
| Reverse repurchase agreements entered and repurchase agreements closed | $0 | $0 | ($507.9M) | ($507.9M) |
| Reverse repurchase agreements closed and repurchase agreements entered | $0 | $0 | $503.9M | $503.9M |
| Maturity of Treasury securities | $25.0M | $0 | $75.0M | $50.0M |
| Purchase of SFR properties, MSRs and other assets | ($226.7M) | ($116.8M) | ($263.2M) | ($190.3M) |
| Purchase of residential transition loans | ($14.2M) | ($14.2M) | ($3.4M) | — |
| Origination of residential transition loans | ($2.6B) | $1.4B | ($3.0B) | ($1.7B) |
| Purchase of consumer loans | ($425.1M) | ($134.4M) | ($221.0M) | — |
| Draws on revolving consumer loans | ($8.6M) | ($4.0M) | ($16.8M) | ($11.7M) |
| Purchase of commercial real estate | ($90.6M) | $39.7M | — | — |
| Purchase of insurance company investments, at fair value | ($408.8M) | ($208.0M) | — | — |
| Net settlement of derivatives and hedges | ($525.6M) | ($158.4M) | $112.5M | ($52.1M) |
| Return of investments in Excess MSRs | $15.6M | $7.7M | $31.5M | $22.1M |
| Return of investments in equity method investees | $51.6M | $42.3M | $3.3M | $3.3M |
| Principal repayments from servicer advance investments | $346.8M | $179.3M | $557.9M | $376.1M |
| Principal repayments from government, government-backed and other securities | $356.3M | $163.9M | $583.5M | $361.6M |
| Principal repayments from residential mortgage loans | $20.8M | $10.5M | $32.0M | $22.1M |
| Principal repayments from consumer loans | $222.1M | $124.1M | $315.3M | $199.0M |
| Principal repayments and sales proceeds of residential transition loans | $957.9M | $600.8M | — | — |
| Principal repayments and sales proceeds of residential transition loans/ Principal repayments and sales proceeds of investments of consolidated entities | $671.1M | $335.7M | $2.3B | $1.4B |
| Loan originations and investment purchases of consolidated entities | ($14.2M) | — | $0 | $0 |
Rithm Capital Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.