Rithm Capital Financials
This page shows Rithm Capital (RITM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).
Rithm’s profit engine sits in a large leveraged balance sheet, while recent cash generation has moved the other way.
Rithm reported positive net income while operating cash flow stayed negative, improving only from-$2.19B to-$1.29B . With total assets at$53.1B and ROA at just1.1% , the numbers suggest the balance sheet is producing accounting earnings faster than it is releasing cash, which is a crucial distinction in a finance-heavy model.
The latest year ended with debt to equity around 4.2x, underscoring a funding-dependent model rather than one buffered by large retained cash. Cash of
The company became bigger without becoming more efficient: total assets rose from
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Rithm Capital's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Rithm Capital's revenue declined 6.7% year-over-year, from $4.9B to $4.6B. This contraction results in a growth score of 51/100.
Rithm Capital has elevated debt relative to equity (D/E of 4.20), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 16/100, reflecting increased financial risk.
Rithm Capital generates a 6.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 29/100. This is down from 10.7% the prior year.
Rithm Capital passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Rithm Capital generates $-2.28 in operating cash flow (-$1.3B OCF vs $567.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Rithm Capital generated $4.6B in revenue in fiscal year 2025. This represents a decrease of 6.7% from the prior year.
Rithm Capital reported $567.2M in net income in fiscal year 2025. This represents a decrease of 32.1% from the prior year.
Rithm Capital earned $1.04 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 37.7% from the prior year.
Cash & Balance Sheet
Rithm Capital held $1.8B in cash against $35.4B in long-term debt as of fiscal year 2025.
Rithm Capital paid $1.00 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Rithm Capital had 556M shares outstanding in fiscal year 2025. This represents an increase of 6.8% from the prior year.
Margins & Returns
Rithm Capital's net profit margin was 12.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.6 percentage points from the prior year.
Rithm Capital's ROE was 6.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.0 percentage points from the prior year.
Capital Allocation
Rithm Capital spent $50.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
RITM Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B+6.9% | $1.3B+16.8% | $1.1B-9.2% | $1.2B+24.6% | $976.9M-35.0% | $1.5B+50.3% | $999.4M-13.5% | $1.2B |
| 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 | $336.0M+4.4% | $321.9M+35.8% | $237.1M-1.0% | $239.6M+12.5% | $213.0M-8.8% | $233.6M+8.5% | $215.3M+0.4% | $214.5M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $9.9M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $44.8M-61.3% | $115.7M+1333.9% | $8.1M+169.6% | -$11.6M+51.5% | -$23.9M-111.9% | $200.7M+355.9% | -$78.4M-251.9% | $51.6M |
| Net Income | $102.7M+328.9% | -$44.9M-120.3% | $221.5M-28.9% | $311.7M+295.5% | $78.8M-59.3% | $193.7M+59.1% | $121.7M-48.3% | $235.6M |
| EPS (Diluted) | $0.12 | N/A | $0.35-34.0% | $0.53+657.1% | $0.07 | N/A | $0.20-53.5% | $0.43 |
RITM Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $53.4B+0.6% | $53.1B+12.5% | $47.2B+6.4% | $44.3B-2.2% | $45.3B-1.6% | $46.0B+8.9% | $42.3B+0.6% | $42.0B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $1.6B-10.9% | $1.8B+14.7% | $1.6B+0.6% | $1.6B+7.2% | $1.5B+2.4% | $1.5B-11.0% | $1.6B+32.4% | $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 | N/A | N/A |
| Goodwill | $316.6M0.0% | $316.6M+136.6% | $133.8M0.0% | $133.8M0.0% | $133.8M0.0% | $133.8M+1.5% | $131.9M0.0% | $131.9M |
| Total Liabilities | $43.9B+0.1% | $43.8B+14.5% | $38.3B+6.3% | $36.0B-3.2% | $37.2B-2.6% | $38.2B+10.5% | $34.5B-0.2% | $34.6B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $35.2B-0.8% | $35.4B+10.0% | $32.2B+3.3% | $31.2B-3.2% | $32.2B-1.1% | $32.6B+10.0% | $29.6B-1.5% | $30.1B |
| Total Equity | $8.6B+2.1% | $8.4B-0.8% | $8.5B+6.9% | $7.9B+2.2% | $7.8B-0.2% | $7.8B+1.8% | $7.7B+4.5% | $7.3B |
| Retained Earnings | -$100.0M-401.3% | -$19.9M-128.2% | $70.8M+284.7% | $18.4M+114.2% | -$129.9M-176.5% | -$47.0M+73.6% | -$177.7M-24.1% | -$143.2M |
RITM Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $100.7M+187.9% | -$114.6M+94.4% | -$2.0B-266.5% | -$557.1M-139.2% | $1.4B+181.1% | -$1.8B-328.3% | $768.1M+570.2% | $114.6M |
| 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 | -$739.5M-151.0% | $1.4B+131.6% | $625.6M-67.1% | $1.9B+245.7% | -$1.3B-286.4% | -$337.6M+50.1% | -$676.2M-125.6% | $2.6B |
| Financing Cash Flow | $312.3M+139.5% | -$790.9M-152.3% | $1.5B+217.7% | -$1.3B-2394.4% | $56.0M-97.2% | $2.0B+473.3% | $349.8M+112.7% | -$2.7B |
| Dividends Paid | $139.6M+0.4% | $139.0M+0.4% | $138.5M+4.4% | $132.6M+0.1% | $132.5M+1.8% | $130.2M+0.2% | $129.9M+6.1% | $122.4M |
| Share Buybacks | $0 | $0 | $0 | $0-100.0% | $50.0M | $0 | $0 | $0 |
RITM Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | 7.4%+10.9pp | -3.5%-23.5pp | 20.0%-5.6pp | 25.6%+17.5pp | 8.1%-4.8pp | 12.9%+0.7pp | 12.2%-8.2pp | 20.4% |
| Return on Equity | 1.2%+1.7pp | -0.5%-3.1pp | 2.6%-1.3pp | 3.9%+2.9pp | 1.0%-1.5pp | 2.5%+0.9pp | 1.6%-1.6pp | 3.2% |
| Return on Assets | 0.2%+0.3pp | -0.1%-0.6pp | 0.5%-0.2pp | 0.7%+0.5pp | 0.2%-0.2pp | 0.4%+0.1pp | 0.3%-0.3pp | 0.6% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 4.08-0.1 | 4.20+0.4 | 3.79-0.1 | 3.92-0.2 | 4.14-0.0 | 4.18+0.3 | 3.87-0.2 | 4.10 |
| 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 $4.6B in total revenue for fiscal year 2025. This represents a -6.7% 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 declined by 6.7% year-over-year, from $4.9B to $4.6B in fiscal year 2025.
Is Rithm Capital profitable?
Yes, Rithm Capital (RITM) reported a net income of $567.2M in fiscal year 2025, with a net profit margin of 12.4%.
How much debt does Rithm Capital have?
As of fiscal year 2025, Rithm Capital (RITM) had $1.8B in cash and equivalents against $35.4B in long-term debt.
What is Rithm Capital's net profit margin?
Rithm Capital (RITM) had a net profit margin of 12.4% in fiscal year 2025, 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 2025.
What is Rithm Capital's return on equity (ROE)?
Rithm Capital (RITM) has a return on equity of 6.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Rithm Capital's operating cash flow?
Rithm Capital (RITM) generated -$1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Rithm Capital's total assets?
Rithm Capital (RITM) had $53.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Rithm Capital's debt-to-equity ratio?
Rithm Capital (RITM) had a debt-to-equity ratio of 4.20 as of fiscal year 2025, 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 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Rithm Capital's cash runway?
Based on fiscal year 2025 data, Rithm Capital (RITM) had $1.8B in cash against an annual operating cash burn of $1.3B. This gives an estimated cash runway of approximately 17 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 2 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 to 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 -2.28x, 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.
How financially healthy is Rithm Capital?
Rithm Capital (RITM) scores 16 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.