Rithm Capital Financials

RITM

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Weak

3/9

Rithm Capital passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

-2.32x

For every $1 of reported earnings, Rithm Capital generates $-2.32 in operating cash flow (-$2.2B OCF vs $941.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

This page shows Rithm Capital (RITM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$5.2B

YoY+38.4%

5Y CAGR+16.5%

10Y CAGR+31.1%

Rithm Capital generated $5.2B in revenue in fiscal year 2024. This represents an increase of 38.4% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$941.5M

YoY+49.3%

5Y CAGR+9.2%

10Y CAGR+7.9%

Rithm Capital reported $941.5M in net income in fiscal year 2024. This represents an increase of 49.3% from the prior year.

EPS (Diluted)

$1.67

YoY+51.8%

5Y CAGR+4.5%

10Y CAGR-4.1%

Rithm Capital earned $1.67 per diluted share (EPS) in fiscal year 2024. This represents an increase of 51.8% from the prior year.

Cash & Debt

$1.5B

YoY+13.3%

5Y CAGR+22.5%

10Y CAGR+21.2%

Rithm Capital held $1.5B in cash against $32.6B in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.00

YoY+0.0%

5Y CAGR-12.9%

10Y CAGR-4.5%

Rithm Capital paid $1.00 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

521M

YoY+7.7%

5Y CAGR+4.6%

10Y CAGR+13.9%

Rithm Capital had 521M shares outstanding in fiscal year 2024. This represents an increase of 7.7% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

18.1%

YoY+1.3pp

5Y CAGR-6.9pp

10Y CAGR-109.4pp

Rithm Capital's net profit margin was 18.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.3 percentage points from the prior year.

Return on Equity

12.1%

YoY+3.1pp

5Y CAGR+3.6pp

10Y CAGR-15.6pp

Rithm Capital's ROE was 12.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 3.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

Rithm Capital spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

RITM Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$5.2B+38.4%	$3.8B-23.5%	$4.9B+32.0%	$3.7B+123.6%	$1.7B-31.2%	$2.4B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$868.5M+14.1%	$761.1M-15.1%	$896.1M+3.5%	$865.8M+57.9%	$548.4M+10.5%	$496.5M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	$1.4B+79.7%	$791.0M+59.1%	$497.3M-14.9%	$584.5M-37.4%	$933.8M
Income Tax	$267.3M+118.8%	$122.2M-56.3%	$279.5M+76.7%	$158.2M+835.4%	$16.9M-59.5%	$41.8M
Net Income	$941.5M+49.3%	$630.7M-35.9%	$983.3M+22.1%	$805.6M+159.3%	-$1.4B-324.1%	$605.9M
EPS (Diluted)	$1.67+51.8%	$1.10-38.9%	$1.80+19.2%	$1.51+142.9%	$-3.52-362.7%	$1.34

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$1.1B-9.2%	$1.2B+58.4%	$768.4M-57.1%	$1.8B+55.0%	$1.2B-8.3%	$1.3B+82.3%	$691.7M-39.1%	$1.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$237.1M-1.0%	$239.6M+0.9%	$237.5M+1.7%	$233.6M+8.9%	$214.5M+4.6%	$205.1M+6.6%	$192.4M+0.9%	$190.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	$414.4M+3.5%	$400.5M+4.7%	$382.6M
Income Tax	$8.1M+169.6%	-$11.6M+51.5%	-$23.9M-111.9%	$200.7M+288.6%	$51.6M-44.7%	$93.4M+212.9%	$29.9M-43.2%	$52.6M
Net Income	$221.5M-28.9%	$311.7M+295.5%	$78.8M-73.7%	$300.2M+27.4%	$235.6M-17.1%	$284.0M+523.0%	-$67.2M-130.4%	$221.2M
EPS (Diluted)	$0.35-34.0%	$0.53+657.1%	$0.07-86.0%	$0.50+16.3%	$0.43-20.4%	$0.54+400.0%	$-0.18-145.0%	$0.40

RITM Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$46.0B+15.9%	$39.7B+14.8%	$34.6B-13.0%	$39.7B+19.5%	$33.3B-25.9%	$44.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.5B+13.3%	$1.3B-3.7%	$1.3B+0.3%	$1.3B+41.0%	$944.9M+78.7%	$528.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$0-100.0%	$473.1M	$0-100.0%	$4.2M-99.9%	$5.3B
Goodwill	$133.8M+1.5%	$131.9M+54.8%	$85.2M0.0%	$85.2M+189.1%	$29.5M0.0%	$29.5M
Total Liabilities	$38.2B+17.0%	$32.6B+18.3%	$27.6B-16.6%	$33.1B+18.9%	$27.8B-26.1%	$37.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$32.6B+20.7%	$27.0B+22.5%	$22.0B-26.2%	$29.8B+15.7%	$25.8B-27.7%	$35.7B
Total Equity	$7.8B+11.2%	$7.0B+0.9%	$6.9B+5.1%	$6.6B+24.1%	$5.3B-25.7%	$7.2B
Retained Earnings	-$47.0M+87.4%	-$373.1M+10.9%	-$418.7M+48.5%	-$813.0M+26.7%	-$1.1B-301.7%	$549.7M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$47.2B+6.4%	$44.3B-2.2%	$45.3B-1.6%	$46.0B+9.6%	$42.0B-12.3%	$47.9B+20.7%	$39.7B+8.0%	$36.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.6B+0.6%	$1.6B+7.2%	$1.5B+2.4%	$1.5B+17.8%	$1.2B+9.0%	$1.1B-11.7%	$1.3B+5.7%	$1.2B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$220.0M
Goodwill	$133.8M0.0%	$133.8M0.0%	$133.8M0.0%	$133.8M+1.5%	$131.9M0.0%	$131.9M0.0%	$131.9M+54.8%	$85.2M
Total Liabilities	$38.3B+6.3%	$36.0B-3.2%	$37.2B-2.6%	$38.2B+10.3%	$34.6B-15.0%	$40.7B+24.8%	$32.6B+10.5%	$29.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$32.2B+3.3%	$31.2B-3.2%	$32.2B-1.1%	$32.6B+8.3%	$30.1B-8.0%	$32.7B+21.3%	$27.0B+11.3%	$24.2B
Total Equity	$8.5B+6.9%	$7.9B+2.2%	$7.8B-0.2%	$7.8B+6.4%	$7.3B+2.5%	$7.1B+2.0%	$7.0B-2.8%	$7.2B
Retained Earnings	$70.8M+284.7%	$18.4M+114.2%	-$129.9M-176.5%	-$47.0M+67.2%	-$143.2M+38.3%	-$232.1M+37.8%	-$373.1M-127.5%	-$164.0M

RITM Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$2.2B-415.1%	$693.6M-87.9%	$5.8B+67.5%	$3.4B+83.3%	$1.9B+217.2%	-$1.6B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$2.4B-1219.0%	$216.7M+63.1%	$132.9M-93.9%	$2.2B-74.7%	$8.6B+178.6%	-$11.0B
Financing Cash Flow	$4.8B+673.4%	-$842.5M+85.5%	-$5.8B-12.7%	-$5.2B+49.0%	-$10.1B-178.7%	$12.8B
Dividends Paid	N/A	N/A	N/A	$375.9M+13.1%	$332.5M-58.8%	$807.8M
Share Buybacks	$0	$0-100.0%	$5.2M	$0-100.0%	$7.5M	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$2.0B-266.5%	-$557.1M-139.2%	$1.4B+181.1%	-$1.8B-1629.9%	$114.6M+108.7%	-$1.3B-25.6%	-$1.0B-305.7%	$509.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$625.6M-67.1%	$1.9B+245.7%	-$1.3B-286.4%	-$337.6M-112.8%	$2.6B+165.2%	-$4.1B-337.2%	$1.7B+367.2%	-$639.0M
Financing Cash Flow	$1.5B+217.7%	-$1.3B-2394.4%	$56.0M-97.2%	$2.0B+172.9%	-$2.7B-152.6%	$5.2B+1038.5%	-$556.8M-2286.0%	$25.5M
Dividends Paid	$138.5M+4.4%	$132.6M+0.1%	$132.5M+1.8%	$130.2M+6.4%	$122.4M+1.2%	$120.9M+0.1%	$120.8M0.0%	$120.8M
Share Buybacks	$0	$0-100.0%	$50.0M	$0	$0	$0	N/A	N/A

RITM Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	18.1%+1.3pp	16.8%-3.2pp	20.0%-1.6pp	21.6%+103.0pp	-81.4%-106.4pp	25.0%
Return on Equity	12.1%+3.1pp	9.0%-5.2pp	14.2%+2.0pp	12.2%	N/A	8.5%
Return on Assets	2.0%+0.5pp	1.6%-1.3pp	2.8%+0.8pp	2.0%+6.1pp	-4.1%-5.4pp	1.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.18+0.3	3.85+0.7	3.17-1.3	4.52-0.3	4.84-0.1	4.98
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	20.0%-5.6pp	25.6%+15.3pp	10.3%-6.5pp	16.8%-3.6pp	20.4%-2.1pp	22.5%+32.2pp	-9.7%-29.2pp	19.5%
Return on Equity	2.6%-1.3pp	3.9%+2.9pp	1.0%-2.8pp	3.9%+0.6pp	3.2%-0.8pp	4.0%	N/A	3.1%
Return on Assets	0.5%-0.2pp	0.7%+0.5pp	0.2%-0.5pp	0.7%+0.1pp	0.6%-0.0pp	0.6%+0.8pp	-0.2%-0.8pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.79-0.1	3.92-0.2	4.14-0.0	4.18+0.1	4.10-0.5	4.57+0.7	3.85+0.5	3.36
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Rithm Capital's annual revenue?

Rithm Capital (RITM) reported $5.2B in total revenue for fiscal year 2024. This represents a 38.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Rithm Capital's revenue growing?

Rithm Capital (RITM) revenue grew by 38.4% year-over-year, from $3.8B to $5.2B in fiscal year 2024.

Is Rithm Capital profitable?

Yes, Rithm Capital (RITM) reported a net income of $941.5M in fiscal year 2024, with a net profit margin of 18.1%.

What is Rithm Capital's earnings per share (EPS)?

Rithm Capital (RITM) reported diluted earnings per share of $1.67 for fiscal year 2024. This represents a 51.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Rithm Capital have?

As of fiscal year 2024, Rithm Capital (RITM) had $1.5B in cash and equivalents against $32.6B in long-term debt.

What is Rithm Capital's net profit margin?

Rithm Capital (RITM) had a net profit margin of 18.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Rithm Capital pay dividends?

Yes, Rithm Capital (RITM) paid $1.00 per share in dividends during fiscal year 2024.

What is Rithm Capital's return on equity (ROE)?

Rithm Capital (RITM) has a return on equity of 12.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Rithm Capital's operating cash flow?

Rithm Capital (RITM) generated -$2.2B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Rithm Capital's total assets?

Rithm Capital (RITM) had $46.0B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Rithm Capital have outstanding?

Rithm Capital (RITM) had 521M shares outstanding as of fiscal year 2024.

What is Rithm Capital's debt-to-equity ratio?

Rithm Capital (RITM) had a debt-to-equity ratio of 4.18 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Rithm Capital's return on assets (ROA)?

Rithm Capital (RITM) had a return on assets of 2.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Rithm Capital's cash runway?

Based on fiscal year 2024 data, Rithm Capital (RITM) had $1.5B in cash against an annual operating cash burn of $2.2B. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Rithm Capital's Piotroski F-Score?

Rithm Capital (RITM) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Rithm Capital's earnings high quality?

Rithm Capital (RITM) has an earnings quality ratio of -2.32x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.