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Rithm Capital Income Statement

Revenue, expenses, and profitability over time

Rithm Capital generated $5.0B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $720.9M with a 14.44% net margin. Diluted EPS is $1.09, which declined 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$5.0BNet Income (TTM)$720.9MEps Diluted (TTM)$1.09
Latest FilingQ1 2026
Report Date2026-05-04
Market Cap$5.2B
P/E Ratio7.16
ROE8.8%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Compensation and benefits$362.9M$271.5M$294.4M$299.1M$453.9M$378.4M
Depreciation and amortization—$24.6M———$92.6M
General and administrative$233.6M$213M$239.6M$237.1M$297.4M$336M
Interest expense and warehouse line fees$449.4M$419.1M$417.9M$402.7M$422.8M$430.7M
Provision for credit losses—-$2M-$890K-$1.1M-$874K$107K
Total operating expenses$1B$928.1M$951.9M$938.9M$1.2B$1.2B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.52$0.07$0.54$0.36$0.08$0.12
Diluted earnings per share$0.51$0.07$0.53$0.35$0.09$0.12
Weighted-average shares, basic495.5M524.1M530.2M541.8M537.9M556.7M
Weighted-average shares, diluted499.6M530.6M537.3M551.3M546.1M565.9M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain (loss) on disposal of assets$25.2M-$1.1M$22.7M$53.4M$50.9M-$15.2M
Net investment gains (losses)$36.5M$7.9M$41.2M$70.2M$89.7M$11.7M
Other income (expense), net$11.2M$9.1M$18.5M$16.8M$38.8M$26.9M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$492.6M$56.8M$306.4M$236.9M$206.3M$154.2M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$200.7M-$23.9M-$11.6M$8.1M$115.7M$44.8M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$290.2M$78.8M$311.7M$221.5M$85M$102.7M
Preferred stock dividends$26.9M$26.7M$27.8M$27.9M$31.9M$34.8M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends declared (in dollars per share)$0.25$0.25$0.25$0.25$0.25$0.25
Income taxes paid$2.6M$3.4M$13.2M$6.2M—$1.2M
Increase in accrued expenses and other liabilities—-$200.1M——-$49.9M-$249.4M
Increase (Decrease) in Other Operating Assets$20.8M$291K-$165.6M$107.8M$185.9M$259.2M
Interest Paid, Excluding Capitalized Interest, Operating Activity$376.6M$454.5M$444.1M$421.2M$445.5M$444.7M
Noncontrolling Interest, Change in Redemption Value$0-$15.6M$0$0$0$0
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$2B$56M-$1.3B$1.5B-$790.9M$312.3M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$337.6M-$1.3B$1.9B$625.6M$1.4B-$739.5M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation-$1.8B$1.4B-$557.1M-$2B-$114.6M$100.7M
Other income, net (Note 6)$11.2M$9.1M$18.5M$16.8M$38.8M$26.9M
Preferred Stock Dividends and Other Adjustments$26.9M$26.7M$27.8M$27.9M$31.9M$34.8M
Proceeds from Equity Method Investment, Distribution, Return of Capital$4.8M$2.5M$872K$0$2.7M$42.3M
Proceeds from Issuance of Common Stock$507K$107.4M———$0
Proceeds from issuance of preferred stock$0$0———$242.1M
Proceeds From Issuance Of Secured Debt$8.9B$17.3B$14B$10.5B$9.3B$7.9B
Proceeds from revolver$20.4B$15.5B$19.9B$22.6B$25.8B$23.2B
Proceeds from Noncontrolling Interests$4.4M$45.8M$3.5M$35.2M$23.5M$68.7M
Repayments and sales of loans$10.4M$10.3M$11.9M$9.9M$10.1M$10.5M
Residential mortgage loan sales$16.3B$13.4B$15.8B$15.1B$19.2B$16.1B
Transfer from residential mortgage loans to real estate owned and other assets$2.1M$9.2M$7.3M$6.8M$3.6M$8.4M
Repayments of Lines of Credit$19.5B$16.5B$18.8B$21.1B$25.9B$22.9B
Repayments of Notes Payable$1.3B$2.1B$1.7B$1.3B$1.4B$2B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.6B$976.9M$1.2B$1.1B$1.3B$1.4B