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Rithm Capital Corp. (RITM) Financials

RITM
Trailing 12 months to June 30, 2026
Revenue $5.1B +7.7% YoY
Net Income $335.6M -52.5% YoY
EPS (Diluted) $0.60 -54.2% YoY
Operating Cash Flow -$1.9B -1454.0% YoY
Market Cap $4.9B as of Oct 3, 2026
Price / Sales 1.0x on $5.1B revenue, trailing 12 months to June 30, 2026
Price / Earnings 14.5x on $335.6M net income, trailing 12 months to June 30, 2026
Price / Book 0.6x on $8.5B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RITM SEC filings page.

Rithm Capital Corp. (RITM) reported $5.1B in revenue over the twelve months to Jun 30, 2026, up 7.7% from the prior twelve months. This page shows its 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).

Rhea AI RITM FY2025

Rithm’s asset base expanded while returns and cash conversion weakened, leaving a larger, more debt-funded platform producing less profit.

From FY2024 to FY2025, assets expanded 15.2% while net income fell 32.1%, showing that the larger balance sheet produced less earnings per asset. The same deterioration appears in return on assets, which dropped from 1.8% to 1.1%; the latest expansion came with weaker asset productivity.

The earnings-to-cash relationship is strained: operating cash flow was negative in both FY2024 and FY2025, at -$2.2B and -$1.3B, despite net income in each year. FY2023 instead produced $693.6M of operating cash flow, so the recent cash-conversion pattern represents a material shift rather than a steady feature of reported profit.

Leverage remains central to the model: the debt-to-equity ratio held near 4.2x while liabilities increased 14.8% in FY2025. Equity grew only 8.1% against a 15.2% increase in assets, indicating that the expansion relied more on liabilities than on equity capital.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Rithm Capital Corp. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
2/7

Rithm Capital Corp. passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

For every $1 of reported earnings, Rithm Capital Corp. used $2.28 of operating cash (-$1.3B OCF vs $567.2M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.3B
YoY+5.4%
QoQ-7.1%
5Y CAGR+24.6%

Rithm Capital Corp. generated $1.3B in revenue in Q2 2026. This represents an increase of 5.4% from the same quarter a year earlier. Against the prior quarter it is down 7.1%.

Net Income
$56.3M
YoY-81.9%
QoQ-45.2%
5Y CAGR-17.3%
10Y CAGR-5.0%

Rithm Capital Corp. reported $56.3M in net income in Q2 2026. This represents a decrease of 81.9% from the same quarter a year earlier. Against the prior quarter it is down 45.2%.

EPS (Diluted)
$0.04
5Y CAGR-31.2%
10Y CAGR-18.2%

Rithm Capital Corp. earned $0.04 per diluted share (EPS) in Q2 2026.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$1.7B
YoY+4.0%
QoQ+1.1%
5Y CAGR+11.7%
10Y CAGR+21.7%

Rithm Capital Corp. held $1.7B in cash against $36.0B in long-term debt as of Q2 2026.

Dividends Per Share
$0.25
5Y CAGR+4.6%
10Y CAGR-5.9%

Rithm Capital Corp. paid $0.25 per share in dividends in Q2 2026.

Shares Outstanding
558M
5Y CAGR+3.7%
10Y CAGR+9.3%

Rithm Capital Corp. had 558M shares outstanding in Q2 2026.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Net Margin
4.4%
YoY-21.2pp
QoQ-3.0pp
5Y change-29.8pp

Rithm Capital Corp.'s net profit margin was 4.4% in Q2 2026, showing the share of revenue converted to profit. This is down 21.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.0 percentage points.

Return on Equity
0.7%
YoY-3.3pp
QoQ-0.5pp
5Y change-1.7pp
10Y change-2.7pp

Rithm Capital Corp.'s ROE was 0.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 3.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.5 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks
$0

Rithm Capital Corp. repurchased no shares in Q2 2026.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

RITM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RITM quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$1.3B+5.4%$1.4B+41.3%$1.3B-14.1%$1.1B+10.6%$1.2B+5.3%$976.9M-22.5%$1.5B+117.2%$999.4M-12.0%
SG&A Expenses$307.3M+42.4%$336.0M+57.8%$345.7M+48.0%$237.1M+10.1%$215.8M+0.6%$213.0M+3.9%$233.6M+21.4%$215.3M+12.9%
Income Tax$19.0M+263.6%$44.8M+287.1%$115.7M-42.3%$8.1M+110.3%-$11.6M-122.5%-$23.9M-125.6%$200.7M+572.3%-$78.4M-249.2%
Net Income$56.3M-81.9%$102.7M+30.3%-$44.9M-123.2%$221.5M+82.0%$311.7M+32.3%$78.8M-72.3%$193.7M+388.4%$121.7M-45.0%
EPS (Basic)$0.04-92.6%$0.12+71.4%$0.08-84.6%$0.36+80.0%$0.54+22.7%$0.07-87.0%$0.52+388.9%$0.20-50.0%
EPS (Diluted)$0.04$0.12+71.4%$0.09-82.4%$0.35+75.0%$0.53+23.3%$0.07$0.51+383.3%$0.20-50.0%
Diluted Shares (Avg)568M566M+6.7%N/A551M+11.0%537M+9.4%531MN/A497M+2.6%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Interest Expense.

RITM Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RITM quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$54.1B+22.1%$53.4B+17.7%$53.1B+15.2%$47.2B+11.6%$44.3B+5.5%$45.3B-5.4%$46.0B+15.9%$42.3B+14.9%
Cash & Equivalents$1.7B+4.0%$1.6B+10.2%$1.8B+26.7%$1.6B-1.7%$1.6B+29.2%$1.5B+31.4%$1.5B+13.3%$1.6B+34.7%
Short-Term Investments$0$0$0$0$0$0$0$0
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$316.6M+136.6%$316.6M+136.6%$316.6M+136.6%$133.8M+1.5%$133.8M+1.5%$133.8M+1.5%$133.8M+1.5%$131.9M+54.8%
Total Liabilities$44.7B+24.1%$43.9B+18.0%$43.8B+14.8%$38.3B+10.8%$36.0B+4.0%$37.2B-8.6%$38.2B+17.0%$34.5B+16.9%
Long-Term Debt$36.0B+15.5%$35.2B+9.2%$35.4B+8.9%$32.2B+8.8%$31.2B+3.7%$32.2B-1.5%$32.6B+20.7%$29.6B+22.2%
Total Equity$8.5B+7.2%$8.6B+10.7%$8.4B+8.2%$8.5B+11.0%$7.9B+8.5%$7.8B+8.8%$7.8B+11.2%$7.7B+6.2%
Retained Earnings-$226.4M-1330.8%-$100.0M+23.1%-$19.9M+57.6%$70.8M+139.8%$18.4M+112.8%-$129.9M+44.0%-$47.0M+87.4%-$177.7M-8.3%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.

RITM Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RITM quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$174.1M+131.2%$100.7M-92.9%-$114.6M+93.5%-$2.0B-365.8%-$557.1M-586.1%$1.4B+208.1%-$1.8B-67.5%$768.1M+50.9%
Depreciation & Amortization$93.5M+293.2%$92.6M+277.1%$36.0M+46.8%$23.1M-33.6%$23.8M-27.6%$24.6M-23.1%$24.5M$34.8M
Investing Cash Flow-$1.2B-164.9%-$739.5M+43.3%$1.4B+529.2%$625.6M+192.5%$1.9B-28.0%-$1.3B+67.8%-$337.6M-119.8%-$676.2M-5.8%
Financing Cash Flow$1.1B+188.5%$312.3M+458.2%-$790.9M-139.4%$1.5B+331.9%-$1.3B+53.3%$56.0M-98.9%$2.0B+460.2%$349.8M+1273.4%
Dividends Paid$139.6M+5.3%$139.6M+5.4%$139.0M+6.8%$138.5M+6.6%$132.6M+8.3%$132.5M+9.6%$130.2M+7.8%$129.9M+7.5%
Share Buybacks$0$0-100.0%$0$0$0$50.0M$0$0

Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow.

RITM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

RITM quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin4.4%-21.2pp7.4%-0.6pp-3.5%-16.4pp20.0%+7.9pp25.6%+5.2pp8.1%-14.5pp12.9%+22.6pp12.2%-7.3pp
Return on Equity0.7%-3.3pp1.2%+0.2pp-0.5%-3.0pp2.6%+1.0pp3.9%+0.7pp1.0%-3.0pp2.5%+3.4pp1.6%-1.5pp
Return on Assets0.1%-0.6pp0.2%0.0pp-0.1%-0.5pp0.5%+0.2pp0.7%+0.1pp0.2%-0.4pp0.4%+0.6pp0.3%-0.3pp
Debt-to-Equity4.23+0.3x4.08-0.1x4.200.0x3.79-0.1x3.92-0.2x4.14-0.4x4.18+0.3x3.87+0.5x
Asset Turnover0.020.0x0.030.0x0.020.0x0.020.0x0.030.0x0.020.0x0.030.0x0.020.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Rithm Capital Corp. RITM FY2025 $4.6B $567.2M 12.4% $4.9B —
STARWOOD PROPERTY TRUST, INC. STWD FY2025 $1.8B $411.5M 22.3% $4.9B 26/100
Blackstone Mortgage Trust, Inc. (NEW) BXMT FY2025 $920.3M $109.6M 11.9% $1.9B 16/100
AGNC Investment Corp. AGNCN FY2025 N/A $1.7B N/A N/A —
Arbor Realty Trust, Inc. ABR FY2025 $510.4M $157.8M 30.9% $692.1M 31/100
AGNC Investment Corp. AGNC FY2025 N/A $1.7B N/A $10.6B —

Frequently Asked Questions

What is Rithm Capital Corp.'s annual revenue?

Rithm Capital Corp. (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 Corp.'s revenue growing?

Rithm Capital Corp. (RITM) revenue declined by 6.7% year-over-year, from $4.9B to $4.6B in fiscal year 2025.

Is Rithm Capital Corp. profitable?

Yes, Rithm Capital Corp. (RITM) reported a net income of $567.2M in fiscal year 2025, with a net profit margin of 12.4%.

Rithm Capital Corp. (RITM) reported diluted earnings per share of $1.04 for fiscal year 2025. This represents a -37.7% 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.

As of fiscal year 2025, Rithm Capital Corp. (RITM) had $1.8B in cash and equivalents against $35.4B in long-term debt.

Rithm Capital Corp. (RITM) had a net profit margin of 12.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Rithm Capital Corp. (RITM) paid $1.00 per share in dividends during fiscal year 2025.

Rithm Capital Corp. (RITM) has a return on equity of 6.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Rithm Capital Corp. (RITM) recorded an outflow of $1.3B in operating cash flow during fiscal year 2025, representing cash used by core business activities.

Rithm Capital Corp. (RITM) had $53.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Rithm Capital Corp. (RITM) spent $50.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Rithm Capital Corp. (RITM) had 556M shares outstanding as of fiscal year 2025.

Rithm Capital Corp. (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.

Rithm Capital Corp. (RITM) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Rithm Capital Corp. (RITM) trades at 14.5x earnings, its market capitalization divided by net income of $335.6M net income, trailing 12 months to June 30, 2026. The market capitalization is $4.9B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Rithm Capital Corp. (RITM) trades at 1.0x sales, its market capitalization divided by revenue of $5.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.9B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Rithm Capital Corp. (RITM) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.

For every $1 of reported earnings, Rithm Capital Corp. (RITM) used $2.28 of operating cash (-$1.3B OCF vs $567.2M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.

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