What is Rithm Capital's incentive income — revenue?

Rithm Capital (RITM) reported incentive income — revenue of $15.66M in Q1 2026.

How has Rithm Capital's incentive income — revenue changed year-over-year?

Rithm Capital's incentive income — revenue decreased by 45.4% year-over-year, from $28.69M to $15.66M.

What does incentive income — revenue mean?

This metric represents the total revenue recognized from performance-based incentive fees earned by the company for managing assets or providing specialized services. It reflects the company's ability to generate upside through successful investment outcomes or operational efficiency targets. This revenue stream is typically variable and tied to the underlying performance of managed portfolios or contractual benchmarks.

Rithm Capital RITM Incentive income — Revenue

Other product segments

Servicing fee revenue, net and interest income from MSRs and MSR financing receivables

$579.29M+1.5%

Interest income

$461.88M+4.7%

Servicing revenue, net

$375.06M+58.0%

Gain on originated residential mortgage loans, held-for-sale, net

$208.25M+30.3%

Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(211,456) and $(146,891), respectively)

-$204.23M+38.7%

Rental revenue

$191.69M—

Similar metrics at other companies

LAZIncentive Fees — Revenue

$11.82M+19.3%

ALTIIncentive fees — Total Revenue

-$89K-193%

RMRIncentive fees — Total revenues

$0-100%

DBRGIncentive fees — Revenue

$836K+13,833%

HLNEIncentive fees — Total revenues

$38.39M-45.3%

GCMGTotal incentive fees — Revenue

$11.99M-20.4%

Other financials

Income statement

See full

Revenue$1.4B+41.3%

Net income$102.7M+30.3%

EPS (diluted)$0.12+71.4%

Balance sheet

See full

Cash & equivalents$2.5B+64.9%

Total debt$169.7M-99.5%

Total equity$8.6B+10.7%

Total assets$53.4B+17.7%

Cash flow

See full

Operating cash flow$100.7M-92.9%

Valuation

See full

Market cap$5.15B-17.3%

Enterprise value$2.85B-92.7%

P/E7.1×-0.6×

P/S1×-0.3×

Profitability

See full

Net margin14.4%-1.0pp

Returns & leverage

See full

Return on equity8.8%-0.9pp

Debt / equity0×-4.3×

Where this comes from

Reported directly by Rithm Capital in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Rithm Capital’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Rithm Capital's incentive income — revenue?: Rithm Capital (RITM) reported incentive income — revenue of $15.66M in Q1 2026.
How has Rithm Capital's incentive income — revenue changed year-over-year?: Rithm Capital's incentive income — revenue decreased by 45.4% year-over-year, from $28.69M to $15.66M.
What does incentive income — revenue mean?: This metric represents the total revenue recognized from performance-based incentive fees earned by the company for managing assets or providing specialized services. It reflects the company's ability to generate upside through successful investment outcomes or operational efficiency targets. This revenue stream is typically variable and tied to the underlying performance of managed portfolios or contractual benchmarks.