Rithm Capital
Rithm Capital Corp. is a leading global asset manager and internally managed REIT focused on real estate, credit, and financial services. The company operates an integrated platform that combines large-scale operating companies with diversified investment portfolios and fee-based asset management capabilities. Its core value proposition lies in leveraging specialized expertise across the residential mortgage, commercial real estate, and private credit lifecycles to generate long-term risk-adjusted returns.
Financials
Based on Q1 2026 filing
Business Segments
Origination and Servicing
primaryOperates a top-tier residential mortgage platform through Newrez and NRM, focusing on loan production and the management of mortgage servicing rights (MSRs). This segment generates revenue through gain-on-sale margins from originations and recurring servicing fees from a massive portfolio of performing and delinquent loans.
Newrez, New Residential Mortgage LLC (NRM), Mortgage Servicing Rights (MSRs), Servicer Advances, Guardian Asset Management, eStreet Appraisal Management, Avenue 365 Lender Services
Individual Homeowners, Community Banks, Credit Unions, Independent Mortgage Banks, GSEs (Fannie Mae, Freddie Mac), Ginnie Mae
Asset Management
majorProvides investment management and advisory services to third-party capital through various vehicles including private funds and managed accounts. This segment focuses on generating fee-based revenue, including management and performance-based incentive fees across credit and real estate strategies.
Sculptor Capital Management, Crestline, Rithm Asset Management (RAM), Rithm Property Trust, R-HOME, Class A Office Portfolio
Institutional Investors, Pension Funds, Insurance Companies, Managed Accounts
Investment Portfolio
majorManages a diverse array of balance sheet investments including residential mortgage loans, single-family rental (SFR) properties, and various credit-related assets. The segment seeks to optimize returns through active asset management and capital structure optimization.
Adoor LLC, Single-Family Rental (SFR) Properties, Build-to-Rent (BTR) Communities, Non-Agency RMBS, Consumer Loans, Collateralized Loan Obligations (CLOs), GreenBarn Investment Group
Residential Tenants, Consumer Borrowers, Capital Markets Participants
Residential Transitional Lending
moderateProvides short-term business-purpose financing to real estate investors and developers for transitional use cases. This includes bridge financing, renovation loans, and construction lending primarily through the Genesis platform.
Genesis, Construction Loans, Renovation (Fix-and-Flip) Loans, Bridge Loans
Real Estate Investors, Residential Developers, Homebuilders
Segment Financials
Origination and Servicing — Investments
View metricServicing fee revenue, net and interest income from MSRs and MSR financing receivables — Revenue
View metricResidential Transitional Lending — Investments
View metricInvestment Portfolio — Investments
View metricResidential Transitional Lending — Total Revenue
View metricResidential Transitional Lending — Debt
View metricBusiness Overview
Competitive Position
A top-five U.S. non-bank mortgage lender and servicer with a globally diversified asset management platform.
Geographies
United States, United Kingdom, Japan, Hong Kong, United Arab Emirates, Canada
Customer Segments
Retail Borrowers, Institutional Investors, Real Estate Developers, Government-Sponsored Enterprises
Upstream Dependencies
Warehouse Financing Providers, Capital Markets Liquidity, GSE/Agency Guidelines, Technology and Data Providers
Downstream Customers
Homeowners, Institutional Fund Investors, Residential Tenants, Secondary Mortgage Market Buyers
Competitors & Partners
Competitors
Annaly Capital Management
NLY
Competitor in mortgage REIT and investment portfolio management
Chimera Investment Corp.
CIM
Vertically integrated mortgage REIT and manager
New York Mortgage Trust
ADAM
Competitor in mortgage origination and residential credit investment.
Ellington Financial Inc.
EFC
Competitor in mortgage servicing and opportunistic real estate investments
Two Harbors Investment Corporation
TWO
Competitor in MSR and mortgage servicing
TPG Mortgage Investment Trust
MITT
Peer mortgage REIT with integrated origination and servicing capabilities.
Cherry Hill Mortgage Investment
CHMI
Peer mortgage REIT with significant MSR holdings
PennyMac Financial Services, Inc.
PFSI
Competitor in mortgage lending and servicing
PennyMac Mortgage Investment Trust
PMT
Mortgage REIT and loan production competitor
Rocket Companies
RKT
Competitor in mortgage origination and servicing
Blackstone
BX
Competitor in alternative asset management and real estate
Partners
Rocket Companies
RKT
Successor to Mr. Cooper Group for Excess MSR servicing agreements
Upgrade, Inc.
Forward-flow agreement for consumer loan purchases
Goldman Sachs Group
GS
Seller of the Marcus consumer loan portfolio
Darwin Homes, Inc.
Strategic partner for the APM property management platform
GreenBarn Investment Group
Operator partner for commercial real estate asset management
Subsidiaries
Newrez LLC
Primary mortgage origination and servicing subsidiary
Sculptor Capital Management, Inc.
Alternative asset management subsidiary
Genesis Capital
Residential transitional lending platform
Crestline
Recently acquired asset management firm
Adoor LLC
Single-family rental property investment vehicle
CL Life and Annuity Insurance Company
Insurance and annuity subsidiary
Rithm Capital FAQ
Common questions about Rithm Capital
Rithm Capital Corp. is a leading global asset manager and internally managed REIT focused on real estate, credit, and financial services. The company operates an integrated platform that combines large-scale operating companies with diversified investment portfolios and fee-based asset management capabilities. Its core value proposition lies in leveraging specialized expertise across the residential mortgage, commercial real estate, and private credit lifecycles to generate long-term risk-adjusted returns.
Rithm Capital (RITM) has a market capitalization of $5.2B and trades on NYSE.
Rithm Capital generated $5.3B in trailing twelve-month revenue with net income of $720.9M, representing a net margin of 13.5%. These figures are based on the Q1 2026 filing.
Rithm Capital's key competitors include Annaly Capital Management, Chimera Investment Corp., Adamas Trust, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Rithm Capital has approximately 6,570 employees.