Rithm Capital RITM Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total Revenue by Business | ||||||
| Corporate Category | $2.65M-16.3% | $3.16M-1.9% | $3.22M+3.0% | $3.13M+216% | $988K+32,833% | |
| Investment Portfolio | $136.12M-0.2% | $136.38M+46.6% | $93.02M-15.5% | $110.03M+4.7% | $105.12M+4.6% | |
| Origination and Servicing | $828.24M+24.4% | $665.91M-20.4% | $836.2M-9.7% | $925.63M+30.9% | $707.22M-37.7% | |
| Residential Transitional Lending | $87.66M+6.8% | $82.08M+5.8% | $77.61M+2.9% | $75.41M+13.4% | $66.51M-1.1% | |
| Other income (loss), net by Business | ||||||
| Corporate Category | $2K— | $0-100% | $7K+101% | -$1.21M-24,280% | $5K-58.3% | |
| Investment Portfolio | $11.69M-59.5% | $28.86M+288% | $7.43M-15.9% | $8.84M+494% | $1.49M-75.0% | |
| Origination and Servicing | $2.61M+396% | $527K+130% | -$1.76M-127% | $6.44M+5,553% | -$118K-102% | |
| Residential Transitional Lending | $1.06M— | —— | $138K+119% | -$713K-406% | -$141K— | |
| Nonoperating Gains (Losses) by Business | ||||||
| Corporate Category | $2K— | $0-100% | $7K+100% | -$1.87M-37,500% | $5K-58.3% | |
| Investment Portfolio | -$1.34M-102% | $69.32M+35.8% | $51.05M+104% | $25.02M+446% | $4.58M— | |
| Origination and Servicing | $2.61M+396% | $527K+130% | -$1.76M-127% | $6.44M+5,553% | -$118K-102% | |
| Residential Transitional Lending | $449K-93.6% | $6.99M+113% | $3.28M-46.1% | $6.1M+221% | $1.9M— | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Corporate Category | -$75.75M-56.3% | -$48.47M+23.1% | -$63.06M-12.2% | -$56.22M-18.7% | -$47.37M-18.7% | |
| Investment Portfolio | $19.52M-76.0% | $81.39M+116% | $37.6M+10.2% | $34.13M+90.0% | $17.96M— | |
| Origination and Servicing | $250.63M+670% | $32.56M-86.1% | $234.11M-23.2% | $305.01M+239% | $90.02M-81.4% | |
| Residential Transitional Lending | $23.15M-9.3% | $25.51M+20.0% | $21.25M-15.2% | $25.05M+57.3% | $15.92M+361% | |
| Equity, Attributable to Parent by Business | ||||||
| Corporate Category | -$2.22B-66.4% | -$1.33B-3.6% | -$1.29B-12.7% | -$1.14B-15.4% | -$989.58M+5.7% | |
| Investment Portfolio | $1.56B-6.0% | $1.66B-4.3% | $1.74B+12.1% | $1.55B+1.6% | $1.53B+0.3% | |
| Origination and Servicing | $5.8B+4.2% | $5.57B-9.9% | $6.18B+6.1% | $5.82B+5.6% | $5.52B-3.5% | |
| Residential Transitional Lending | $934.22M+6.0% | $881.48M-6.3% | $941.03M+14.7% | $820.75M-2.9% | $845.63M+5.5% | |
| Total Assets by Business | ||||||
| Corporate Category | $245.39M-46.5% | $458.64M-8.4% | $500.5M-15.2% | $590.27M+11.8% | $527.89M+140% | |
| Investment Portfolio | $9.91B-7.3% | $10.69B-0.5% | $10.74B+21.3% | $8.86B+3.4% | $8.57B+14.8% | |
| Origination and Servicing | $28.31B+3.1% | $27.46B-5.8% | $29.14B+1.9% | $28.61B-5.0% | $30.13B-7.1% | |
| Residential Transitional Lending | $4.51B+11.1% | $4.06B+2.9% | $3.94B+4.1% | $3.79B+3.3% | $3.67B+6.6% | |
| Equity, Including Portion Attributable to Noncontrolling Interest by Business | ||||||
| Corporate Category | -$2.22B-66.4% | -$1.33B-3.6% | -$1.29B-12.7% | -$1.14B-15.4% | -$989.58M+5.7% | |
| Investment Portfolio | $1.62B-5.8% | $1.72B-4.2% | $1.8B+11.6% | $1.61B+1.5% | $1.59B+1.3% | |
| Origination and Servicing | $5.81B+4.1% | $5.58B-9.9% | $6.19B+6.1% | $5.83B+5.5% | $5.53B-3.5% | |
| Residential Transitional Lending | $934.22M+6.0% | $881.48M-6.3% | $941.03M+14.7% | $820.75M-2.9% | $845.63M+5.5% | |
| Other segment expenses by Business | ||||||
| Corporate Category | $19.28M+344% | $4.34M-79.5% | $21.15M+41.9% | $14.91M+52.2% | $9.8M+40.7% | |
| Investment Portfolio | $25.11M-5.8% | $26.66M+38.5% | $19.25M-13.1% | $22.16M-3.6% | $22.99M+3.0% | |
| Origination and Servicing | $151.27M-5.4% | $159.95M+13.0% | $141.53M-3.7% | $146.99M+2.2% | $143.77M+1.2% | |
| Residential Transitional Lending | $6.54M-28.0% | $9.07M+77.5% | $5.11M-2.3% | $5.23M+8.3% | $4.83M-39.0% | |
| Operating Expenses by Business | ||||||
| Corporate Category | $78.39M+51.8% | $51.64M-22.1% | $66.29M+15.3% | $57.48M+18.8% | $48.36M+21.1% | |
| Investment Portfolio | $115.26M-7.3% | $124.31M+16.7% | $106.48M+5.5% | $100.92M+10.0% | $91.74M+2.5% | |
| Origination and Servicing | $580.23M-8.5% | $633.88M+5.6% | $600.33M-4.3% | $627.06M+1.6% | $617.08M-5.7% | |
| Residential Transitional Lending | $64.96M+2.2% | $63.56M+6.6% | $59.64M+5.6% | $56.45M+7.5% | $52.49M-7.5% | |
| Notes payable, at fair value and other liabilities by Business | ||||||
| Corporate Category | $0— | $0— | $0— | $0— | $0— | |
| Investment Portfolio | $2.73B-4.0% | $2.84B+8.1% | $2.63B+17.3% | $2.24B-3.0% | $2.31B-2.2% | |
| Origination and Servicing | $0— | $0— | $0— | $0— | $0— | |
| Residential Transitional Lending | $864.41M-0.4% | $868.22M+0.1% | $867.48M+0.4% | $863.99M+0.4% | $860.84M+0.1% | |
| Non-controlling interests in equity of consolidated subsidiaries by Business | ||||||
| Corporate Category | $0— | $0— | $0— | $0— | $0— | |
| Investment Portfolio | $58.37M+0.2% | $58.24M-0.5% | $58.51M-0.2% | $58.63M-0.1% | $58.69M+40.7% | |
| Origination and Servicing | $9.58M-2.6% | $9.83M-0.3% | $9.87M+4.5% | $9.44M+3.8% | $9.1M-6.1% | |
| Residential Transitional Lending | $0— | $0— | $0— | $0— | $0— | |
| Investments, at fair value and other assets by Business | ||||||
| Corporate Category | $0— | $0— | $0— | $0— | $0— | |
| Investment Portfolio | $3.15B-3.9% | $3.28B+6.9% | $3.07B+16.1% | $2.65B-2.7% | $2.72B-3.2% | |
| Origination and Servicing | $0— | $0— | $0— | $0— | $0— | |
| Residential Transitional Lending | $974.19M-0.7% | $980.76M-0.5% | $985.82M-0.4% | $989.4M-0.1% | $990.17M-0.6% | |
| Total Restricted Cash by Business | ||||||
| Corporate Category | $235.94M-1.0% | $238.44M+1.0% | $235.99M+1.1% | $233.37M+1.1% | $230.81M— | |
| Investment Portfolio | $52.55M-16.0% | $62.55M-5.7% | $66.32M+28.2% | $51.75M-22.8% | $67.05M+1.0% | |
| Origination and Servicing | $156.17M-10.6% | $174.67M-6.8% | $187.47M+4.2% | $179.88M+3.3% | $174.18M-16.2% | |
| Residential Transitional Lending | $36.85M-34.2% | $56.03M-32.0% | $82.41M+181% | $29.33M-32.3% | $43.31M+6.3% | |
| Other assets by Business | ||||||
| Corporate Category | $5.42M-44.0% | $9.67M+65.5% | $5.84M+76.6% | $3.31M-33.0% | $4.94M-14.2% | |
| Investment Portfolio | $2.51B+4.2% | $2.41B+1.5% | $2.38B+0.1% | $2.38B+4.6% | $2.27B+3.7% | |
| Origination and Servicing | $8.27B+6.1% | $7.79B+26.6% | $6.16B+4.4% | $5.9B-4.4% | $6.17B-12.7% | |
| Residential Transitional Lending | $140.15M-19.6% | $174.41M-4.8% | $183.14M+16.8% | $156.82M-23.2% | $204.18M+67.3% | |
| Gain (Loss) on Investments by Business | ||||||
| Corporate Category | $0— | $0— | $0+100% | -$661K— | $0— | |
| Investment Portfolio | -$13.03M-132% | $40.46M-7.2% | $43.62M+170% | $16.18M+423% | $3.09M— | |
| Origination and Servicing | $0— | $0— | $0— | $0— | $0-100% | |
| Residential Transitional Lending | -$606K-109% | $6.83M+117% | $3.15M-53.8% | $6.81M+233% | $2.04M— | |
| Compensation and benefits by Business | ||||||
| Corporate Category | $21.1M+2.6% | $20.57M+11.6% | $18.43M-10.2% | $20.53M+14.8% | $17.88M+124% | |
| Investment Portfolio | $5.12M+543% | $795K-23.0% | $1.03M+2.8% | $1M-13.6% | $1.16M-55.5% | |
| Origination and Servicing | $207.07M-3.0% | $213.43M+7.7% | $198.21M+4.2% | $190.17M+10.1% | $172.7M-3.8% | |
| Residential Transitional Lending | $20.82M+18.4% | $17.58M+11.2% | $15.81M+3.2% | $15.31M+6.4% | $14.39M-17.2% | |
| Liabilities by Business | ||||||
| Corporate Category | $2.22B+43.2% | $1.55B+0.1% | $1.55B+3.5% | $1.5B+16.5% | $1.29B+1.3% | |
| Investment Portfolio | $8.28B-7.6% | $8.96B+0.2% | $8.94B+23.4% | $7.25B+3.8% | $6.98B+18.4% | |
| Origination and Servicing | $22.5B+2.8% | $21.88B-4.7% | $22.95B+0.8% | $22.78B-7.4% | $24.6B-7.8% | |
| Residential Transitional Lending | $3.57B+12.5% | $3.18B+5.7% | $3B+1.2% | $2.97B+5.2% | $2.82B+7.0% | |
| Investments by Business | ||||||
| Corporate Category | $0— | $0— | $0— | $0— | $0— | |
| Investment Portfolio | $4.18B-15.0% | $4.91B-5.8% | $5.22B+38.5% | $3.77B+7.6% | $3.5B+46.7% | |
| Origination and Servicing | $18.74B+2.3% | $18.31B-15.3% | $21.61B+0.7% | $21.46B-5.7% | $22.76B-5.6% | |
| Residential Transitional Lending | $3.2B+18.4% | $2.71B+5.1% | $2.58B+3.1% | $2.5B+7.0% | $2.34B+6.4% | |
| Interest expense and warehouse line fees by Business | ||||||
| Corporate Category | $38.02M+42.2% | $26.73M+0.1% | $26.7M+21.3% | $22.02M+6.5% | $20.68M-17.2% | |
| Investment Portfolio | $76.56M-12.9% | $87.93M+11.6% | $78.77M+12.7% | $69.9M+17.2% | $59.64M+0.1% | |
| Origination and Servicing | $215.8M-15.2% | $254.33M0.0% | $254.25M-10.4% | $283.62M-3.2% | $292.95M-9.3% | |
| Residential Transitional Lending | $35.66M+2.0% | $34.96M-5.0% | $36.79M+9.4% | $33.62M+6.1% | $31.7M+6.0% | |
| D&A by Business | ||||||
| Corporate Category | $0— | $0— | $0-100% | $27K+575% | $4K-81.0% | |
| Investment Portfolio | $8.48M-5.0% | $8.93M+20.2% | $7.43M-5.4% | $7.85M-1.3% | $7.95M+56.9% | |
| Origination and Servicing | $6.09M-1.3% | $6.17M-2.7% | $6.34M+1.0% | $6.28M-18.0% | $7.66M-25.2% | |
| Residential Transitional Lending | $1.94M+0.2% | $1.94M+0.2% | $1.94M-15.4% | $2.29M+46.1% | $1.57M0.0% | |
| Impairment loss by Business | ||||||
| Origination and Servicing | $0— | $0— | $0— | $0— | $0— | |
| Residential Transitional Lending | $0— | $0— | $0— | $0— | $0— | |
| Debt by Business | ||||||
| Corporate Category | $1.26B+0.1% | $1.26B+0.1% | $1.26B+0.1% | $1.26B+21.4% | $1.03B+0.1% | |
| Investment Portfolio | $5.1B-10.4% | $5.69B-3.2% | $5.88B+28.0% | $4.59B+7.9% | $4.25B+37.0% | |
| Origination and Servicing | $16.78B-0.4% | $16.84B-5.8% | $17.89B-4.3% | $18.69B-8.2% | $20.35B-7.4% | |
| Residential Transitional Lending | $2.65B+19.3% | $2.22B+9.3% | $2.03B-2.0% | $2.07B+7.2% | $1.93B+10.7% | |
| Redeemable Non-controlling Interests of Consolidated Subsidiaries (Note 22) by Business | ||||||
| Corporate Category | $240.65M+0.9% | $238.44M+1.0% | $235.99M+1.1% | $233.37M+1.1% | $230.81M— | |
| Investment Portfolio | $0— | $0— | $0— | $0— | $0— | |
| Origination and Servicing | $0— | $0— | $0— | $0— | $0— | |
| Residential Transitional Lending | $0— | $0— | $0— | $0— | $0— | |
| Restricted Cash by Business | ||||||
| Corporate Category | $235.94M-1.0% | $238.44M+1.0% | $235.99M+1.1% | $233.37M+1.1% | $230.81M— | |
| Investment Portfolio | $35.61M-19.9% | $44.47M-5.3% | $46.96M+7.3% | $43.76M-16.0% | $52.07M+6.0% | |
| Origination and Servicing | $156.17M-10.6% | $174.67M-6.8% | $187.47M+4.2% | $179.88M+3.3% | $174.18M-16.2% | |
| Residential Transitional Lending | $23.47M-45.6% | $43.16M-40.6% | $72.65M+246% | $21.03M-39.4% | $34.67M+3.3% | |
| Cash & Equivalents by Business | ||||||
| Corporate Category | $4.03M-98.1% | $210.54M-18.6% | $258.67M-26.8% | $353.59M+21.0% | $292.14M+36.5% | |
| Investment Portfolio | $24.01M-26.9% | $32.85M+17.0% | $28.08M+12.6% | $24.94M+3.3% | $24.15M-13.7% | |
| Origination and Servicing | $1.12B-2.9% | $1.15B-0.2% | $1.16B+10.7% | $1.04B+4.4% | $1B-0.4% | |
| Residential Transitional Lending | $108.93M+12.2% | $97.05M+35.9% | $71.39M+6.4% | $67.08M+42.4% | $47.11M+25.3% | |
| Goodwill by Business | ||||||
| Corporate Category | $0— | $0— | $0— | $0— | $0— | |
| Investment Portfolio | $0— | $0— | $0— | $0— | $0— | |
| Origination and Servicing | $29.47M0.0% | $29.47M0.0% | $29.47M0.0% | $29.47M0.0% | $29.47M0.0% | |
| Residential Transitional Lending | $55.73M0.0% | $55.73M0.0% | $55.73M0.0% | $55.73M0.0% | $55.73M0.0% | |
| Investments in Equity Method Investees by Business | ||||||
| Corporate Category | $0— | $0— | $0— | $0— | $0— | |
| Investment Portfolio | $325.9M+0.4% | $324.46M+1.7% | $318.96M+3.5% | $308.29M+4.6% | $294.76M+1.1% | |
| Origination and Servicing | $26.89M+7.1% | $25.11M+1.3% | $24.78M+0.3% | $24.71M-1.9% | $25.18M+2.8% | |
| Residential Transitional Lending | $28.36M+2.4% | $27.71M+0.4% | $27.61M+87.8% | $14.7M+2.0% | $14.41M+7.9% | |
| Revenue by Product | ||||||
| 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+51.6% | -$421.82M-59.6% | -$264.35M-70.5% | -$155.01M+53.5% | -$333.38M-982% | |
| Gain on originated residential mortgage loans, held-for-sale, net | $208.25M+2.2% | $203.73M+3.8% | $196.31M+15.7% | $169.7M+6.2% | $159.79M-20.8% | |
| Interest income | $461.88M-7.8% | $500.81M+10.4% | $453.79M-5.2% | $478.46M+8.4% | $441.26M-9.1% | |
| Servicing fee revenue, net and interest income from MSRs and MSR financing receivables | $579.29M+1.6% | $570.07M-1.6% | $579.28M+0.8% | $574.82M+0.7% | $570.8M+7.4% | |
| Servicing revenue, net | $375.06M+153% | $148.26M-52.9% | $314.93M-25.0% | $419.81M+76.8% | $237.42M-58.0% | |
| Total Income and Fees Receivable by Product | ||||||
| Incentive income | $33.16M-88.6% | $290.17M+2,861% | $9.8M-65.6% | $28.48M-7.8% | $30.9M-83.1% | |
| Management fees | $45.8M-3.7% | $47.54M-17.4% | $57.57M+24.7% | $46.18M+37.6% | $33.57M+32.5% | |
| Net amount at risk by Product | ||||||
| Deferred Annuities | $0— | $0— | —— | —— | —— | |
| Fixed Indexed Annuities | $0— | $0— | —— | —— | —— | |
| Derivative liability, notional amount by Product | ||||||
| Ceded Reserves | $962.5M+11.2% | $865.8M— | —— | —— | —— | |
| Fixed Indexed Annuity | $34M+28.8% | $26.4M— | —— | —— | —— | |
| Funds Withheld | $954.1M+10.8% | $860.8M— | —— | —— | —— | |
| Interest credited by Product | ||||||
| Deferred Annuities | $12.84M+941% | $1.23M0.0% | $1.23M0.0% | $1.23M0.0% | $1.23M— | |
| Fixed Indexed Annuities | $471K+907% | $46.75K0.0% | $46.75K0.0% | $46.75K0.0% | $46.75K— | |
| Policy charges by Product | ||||||
| Deferred Annuities | $17K+656% | $2.25K0.0% | $2.25K0.0% | $2.25K0.0% | $2.25K— | |
| Fixed Indexed Annuities | $0— | $0— | $0— | $0— | $0— | |
| Policyholder Account Balance, Benefit Payment by Product | ||||||
| Deferred Annuities | $6.07M+2,027% | $285.5K0.0% | $285.5K0.0% | $285.5K0.0% | $285.5K— | |
| Fixed Indexed Annuities | $72K— | $0— | $0— | $0— | $0— | |
| Deposits by Product | ||||||
| Deferred Annuities | $93.6M+960% | $8.83M0.0% | $8.83M0.0% | $8.83M0.0% | $8.83M— | |
| Fixed Indexed Annuities | $13.59M+1,364% | $928K0.0% | $928K0.0% | $928K0.0% | $928K— | |
| Policyholder Account Balance, Surrender and Withdrawal by Product | ||||||
| Deferred Annuities | $9.02M+938% | $868.75K0.0% | $868.75K0.0% | $868.75K0.0% | $868.75K— | |
| Fixed Indexed Annuities | $52K+6,833% | $7500.0% | $7500.0% | $7500.0% | $750— | |
| Interest Sensitive Insurance Contract Liabilities by Product | ||||||
| Deferred Annuities | $971.83M+10.4% | $880.46M— | —— | —— | —— | |
| Fixed Indexed Annuities | $87.97M+18.8% | $74.03M— | —— | —— | —— | |
| Other | $9.56M+67.3% | $5.71M— | —— | —— | —— | |
| Weighted average crediting rate by Product | ||||||
| Deferred Annuities | 6%0.0pp | 6%— | —— | —— | —— | |
| Fixed Indexed Annuities | 4%0.0pp | 4%— | —— | —— | —— | |
| Cash surrender value by Product | ||||||
| Deferred Annuities | $897.96M+10.5% | $812.73M— | —— | —— | —— | |
| Fixed Indexed Annuities | $79.5M+19.5% | $66.54M— | —— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Rithm Capital break its business down?
- Rithm Capital (RITM) reports total revenue by business across 4 parts — Corporate Category, Investment Portfolio, Origination and Servicing and Residential Transitional Lending. Each is extracted from the segment footnotes and tracked over time.
- Where does Rithm Capital's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Rithm Capital's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
