Rithm Capital RITM Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total Revenue by Business | ||||||
| Corporate Category | $12.15M+1,124% | $10.5M+149,843% | $7.34M+183,350% | $4.12M+102,825% | $993K+49,550% | |
| Investment Portfolio | $475.55M+10.9% | $444.55M+1.9% | $408.69M— | $443.57M— | $428.82M— | |
| Origination and Servicing | $3.26B-5.5% | $3.13B-16.3% | $3.6B+5.3% | $3.49B-0.5% | $3.45B+1.0% | |
| Residential Transitional Lending | $322.75M+24.3% | $301.59M+17.0% | $286.8M+18.5% | $275.45M+21.2% | $259.62M+18.5% | |
| Other income (loss), net by Business | ||||||
| Corporate Category | -$1.2M-7,159% | -$1.2M-2,543% | -$1.19M+81.9% | -$1.19M+90.9% | $17K+100% | |
| Investment Portfolio | $56.83M+372% | $46.62M+112% | $23.71M— | $22.39M— | $12.04M— | |
| Origination and Servicing | $7.82M-63.7% | $5.09M-76.5% | $9.5M-40.0% | $633K-97.6% | $21.53M+423% | |
| Nonoperating Gains (Losses) by Business | ||||||
| Corporate Category | -$1.86M-11,047% | -$1.86M-3,892% | -$1.85M+69.1% | -$1.85M+84.7% | $17K+100% | |
| Investment Portfolio | $144.06M— | $149.98M— | —— | —— | —— | |
| Origination and Servicing | $7.82M-63.7% | $5.09M+112% | $9.5M+119% | $655K+102% | $21.56M+130% | |
| Residential Transitional Lending | $16.82M— | $18.27M— | —— | —— | —— | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Corporate Category | -$243.5M-26.4% | -$215.13M-27.7% | -$206.58M-14.3% | -$188.5M-1.8% | -$192.61M-13.2% | |
| Investment Portfolio | $172.64M— | $171.08M— | —— | —— | —— | |
| Origination and Servicing | $822.3M-1.7% | $661.7M-40.5% | $1.11B— | $894.97M— | $836.5M— | |
| Residential Transitional Lending | $94.96M+10.2% | $87.73M-21.2% | $65.68M-44.9% | $79.57M-16.6% | $86.19M+14.9% | |
| Equity, Attributable to Parent by Business | ||||||
| Corporate Category | -$5.98B-32.3% | -$4.75B-1.0% | -$4.47B-12.5% | -$4.44B-33.5% | -$4.52B-66.8% | |
| Investment Portfolio | $6.52B-30.0% | $6.48B-39.6% | $6.34B-40.7% | $7.75B— | $9.31B— | |
| Origination and Servicing | $23.37B+19.6% | $23.09B+27.5% | $23.23B+36.9% | $21.37B— | $19.54B— | |
| Residential Transitional Lending | $3.58B— | $3.49B— | $3.41B— | —— | —— | |
| Total Assets by Business | ||||||
| Corporate Category | $1.79B+126% | $2.08B+571% | $1.84B+247% | $1.36B+115% | $794.01M+9.1% | |
| Investment Portfolio | $40.19B-31.0% | $38.85B-46.4% | $35.63B-52.5% | $45.79B— | $58.21B— | |
| Origination and Servicing | $113.52B+18.6% | $115.34B+43.1% | $120.3B+64.2% | $108.04B+47.6% | $95.7B+29.1% | |
| Residential Transitional Lending | $16.29B— | $15.46B— | $14.84B— | —— | —— | |
| Equity, Including Portion Attributable to Noncontrolling Interest by Business | ||||||
| Corporate Category | -$5.98B-32.3% | -$4.75B-1.0% | -$4.47B-12.5% | -$4.44B-33.5% | -$4.52B-66.8% | |
| Investment Portfolio | $6.75B— | $6.72B— | $6.56B— | —— | —— | |
| Origination and Servicing | $23.41B— | $23.12B— | $23.27B— | —— | —— | |
| Residential Transitional Lending | $3.58B— | $3.49B— | $3.41B— | —— | —— | |
| Other segment expenses by Business | ||||||
| Corporate Category | $59.68M+29.7% | $50.2M+8.8% | $52.82M-10.0% | $43.3M-34.9% | $46.01M-32.7% | |
| Investment Portfolio | $93.18M+13.4% | $91.06M+12.8% | $86.72M+18.3% | $86.77M+25.8% | $82.18M+23.9% | |
| Origination and Servicing | $599.74M+13.2% | $592.23M+18.4% | $574.36M+18.0% | $558.89M+14.3% | $529.61M+6.0% | |
| Residential Transitional Lending | $25.96M+22.3% | $24.25M+23.9% | $23.1M+56.2% | $21.72M+53.0% | $21.22M+68.6% | |
| Operating Expenses by Business | ||||||
| Corporate Category | $253.8M+31.1% | $223.77M+32.8% | $212.07M+21.3% | $190.76M+10.2% | $193.62M+31.4% | |
| Investment Portfolio | $446.97M+18.0% | $423.45M+9.4% | $388.69M— | $392.31M— | $378.69M— | |
| Origination and Servicing | $2.44B-7.2% | $2.48B-4.3% | $2.5B-19.5% | $2.59B-6.4% | $2.63B+7.5% | |
| Residential Transitional Lending | $244.61M+20.6% | $232.13M+16.7% | $225.35M+22.3% | $214.83M+21.3% | $202.91M+16.2% | |
| Notes payable, at fair value and other liabilities by Business | ||||||
| Corporate Category | $0— | $0— | $0— | —— | —— | |
| Investment Portfolio | $10.43B+3.1% | $10.02B— | $9.54B— | $9.46B— | $10.12B— | |
| Origination and Servicing | $0— | $0— | $0— | $0— | $0— | |
| Residential Transitional Lending | $3.46B— | $3.46B— | $3.45B— | —— | —— | |
| Non-controlling interests in equity of consolidated subsidiaries by Business | ||||||
| Corporate Category | $0— | $0— | $0— | $0— | $0— | |
| Investment Portfolio | $233.75M— | $234.07M— | $217.54M— | —— | —— | |
| Origination and Servicing | $38.72M— | $38.24M— | $38.1M— | —— | —— | |
| Residential Transitional Lending | $0— | $0— | $0— | —— | —— | |
| Investments, at fair value and other assets by Business | ||||||
| Corporate Category | $0— | $0— | $0— | —— | —— | |
| Investment Portfolio | $12.15B+2.4% | $11.72B— | $11.24B— | $11.16B— | $11.87B— | |
| Origination and Servicing | $0— | $0— | $0— | $0— | $0— | |
| Residential Transitional Lending | $3.93B— | $3.95B— | $3.96B— | —— | —— | |
| Total Restricted Cash by Business | ||||||
| Corporate Category | $943.74M+309% | $938.6M— | $700.17M— | $464.18M— | $230.81M— | |
| Investment Portfolio | $233.18M-36.5% | $247.68M-37.1% | $251.55M-32.5% | $313.05M— | $367.24M— | |
| Origination and Servicing | $698.19M-0.3% | $716.19M-6.2% | $749.25M-12.5% | $726.48M— | $700.13M— | |
| Residential Transitional Lending | $204.62M— | $211.08M— | $195.77M— | —— | —— | |
| Other assets by Business | ||||||
| Corporate Category | $24.24M— | $23.76M— | $19.84M— | —— | —— | |
| Investment Portfolio | $9.68B-19.5% | $9.44B-26.3% | $9.22B-35.6% | $10.69B— | $12.03B— | |
| Origination and Servicing | $28.11B+31.1% | $26.01B+39.1% | $25.28B+50.1% | $23.5B+33.2% | $21.44B+13.6% | |
| Residential Transitional Lending | $654.51M— | $718.55M— | $666.2M— | —— | —— | |
| Gain (Loss) on Investments by Business | ||||||
| Corporate Category | -$661K— | -$661K— | -$661K— | -$661K— | $0— | |
| Investment Portfolio | $87.23M— | $103.36M— | —— | —— | —— | |
| Origination and Servicing | $0-100% | $0-100% | $65.26M— | $65.28M— | $65.28M— | |
| Residential Transitional Lending | $16.18M— | $18.83M— | —— | —— | —— | |
| Compensation and benefits by Business | ||||||
| Corporate Category | $80.63M+27.7% | $77.41M+61.0% | $64.83M+33.4% | $62.65M+52.0% | $63.14M+111% | |
| Investment Portfolio | $7.95M+80.5% | $3.99M+4.8% | $5.81M— | $5.06M— | $4.4M— | |
| Origination and Servicing | $808.88M+12.1% | $774.51M+9.6% | $740.58M+5.4% | $723.71M+6.5% | $721.53M+10.4% | |
| Residential Transitional Lending | $69.52M+37.9% | $63.09M+33.3% | $62.89M+54.1% | $56.6M+34.2% | $50.41M+14.7% | |
| Liabilities by Business | ||||||
| Corporate Category | $6.83B+34.3% | $5.89B+17.5% | $5.61B+24.5% | $5.34B+34.8% | $5.08B+47.9% | |
| Investment Portfolio | $33.44B-31.4% | $32.14B-47.8% | $29.07B-54.7% | $37.85B— | $48.71B— | |
| Origination and Servicing | $90.12B+18.4% | $92.21B+47.7% | $97.02B+72.5% | $86.64B+58.5% | $76.12B+41.6% | |
| Residential Transitional Lending | $12.72B— | $11.97B— | $11.43B— | —— | —— | |
| Investments by Business | ||||||
| Corporate Category | $0— | $0— | $0— | $0— | $0— | |
| Investment Portfolio | $18.07B-45.5% | $17.4B-64.4% | $14.87B-70.0% | $23.3B— | $33.16B— | |
| Origination and Servicing | $80.12B+14.9% | $84.14B+45.6% | $89.94B+70.7% | $79.53B+53.0% | $69.71B+36.3% | |
| Residential Transitional Lending | $10.98B— | $10.11B— | $9.6B— | —— | —— | |
| Interest expense and warehouse line fees by Business | ||||||
| Corporate Category | $113.46M+34.4% | $96.13M+29.4% | $94.37M+61.6% | $84.76M+68.4% | $84.44M+124% | |
| Investment Portfolio | $313.15M+19.9% | $296.23M+8.9% | $267.86M— | $268.98M— | $261.15M— | |
| Origination and Servicing | $1.01B-24.3% | $1.09B-18.2% | $1.15B-31.3% | $1.27B-10.8% | $1.33B+11.9% | |
| Residential Transitional Lending | $141.02M+12.8% | $137.07M+9.0% | $132M+7.9% | $129.52M+13.1% | $125.01M+11.8% | |
| D&A by Business | ||||||
| Corporate Category | $27K+8.0% | $31K+47.6% | $52K+220% | $52K+60.0% | $25K-48.7% | |
| Investment Portfolio | $32.69M+5.6% | $32.16M+4.6% | $28.3M-12.0% | $31.5M+12.5% | $30.96M+13.9% | |
| Origination and Servicing | $24.88M-49.8% | $26.45M-53.2% | $30.52M-46.7% | $39.27M-26.3% | $49.53M+3.7% | |
| Residential Transitional Lending | $8.11M+29.3% | $7.73M+23.3% | $7.36M+17.3% | $6.99M+11.4% | $6.27M-0.2% | |
| Impairment loss by Business | ||||||
| Origination and Servicing | $0— | $0— | —— | —— | —— | |
| Residential Transitional Lending | $0— | $0— | $0— | $0— | $0— | |
| Debt by Business | ||||||
| Corporate Category | $5.03B+21.7% | $4.81B+16.4% | $4.58B+25.8% | $4.36B+38.1% | $4.13B+54.8% | |
| Investment Portfolio | $21.25B-41.9% | $20.41B-59.8% | $17.82B-65.5% | $26.53B— | $36.61B— | |
| Origination and Servicing | $70.2B+18.2% | $73.77B+58.2% | $78.9B+88.8% | $69.48B+66.5% | $59.38B+41.3% | |
| Residential Transitional Lending | $8.97B— | $8.26B— | $7.79B— | —— | —— | |
| Redeemable Non-controlling Interests of Consolidated Subsidiaries (Note 22) by Business | ||||||
| Corporate Category | $948.45M— | $938.6M— | —— | —— | —— | |
| Investment Portfolio | $0— | $0— | —— | —— | —— | |
| Origination and Servicing | $0— | $0— | —— | —— | —— | |
| Residential Transitional Lending | $0— | $0— | —— | —— | —— | |
| Restricted Cash by Business | ||||||
| Corporate Category | $943.74M— | $938.6M— | $700.17M— | —— | —— | |
| Investment Portfolio | $170.79M— | $187.25M— | $191.91M— | —— | —— | |
| Origination and Servicing | $698.19M— | $716.19M— | $749.25M— | —— | —— | |
| Residential Transitional Lending | $160.3M— | $171.51M— | $161.91M— | —— | —— | |
| Cash & Equivalents by Business | ||||||
| Corporate Category | $826.83M+58.0% | $1.11B+345% | $1.12B+145% | $874.12M+96.1% | $523.18M+14.2% | |
| Investment Portfolio | $109.89M-87.0% | $110.03M-91.7% | $105.16M-92.1% | $401.42M— | $842.92M— | |
| Origination and Servicing | $4.47B+19.6% | $4.35B+35.7% | $4.2B+52.7% | $4.17B+67.2% | $3.74B+28.4% | |
| Residential Transitional Lending | $344.44M— | $282.62M— | $223.18M— | —— | —— | |
| Goodwill by Business | ||||||
| Corporate Category | $0— | $0— | $0— | $0— | $0— | |
| Investment Portfolio | $0-100% | $0-100% | $0-100% | $5.09M— | $10.18M— | |
| Origination and Servicing | $117.87M+9.5% | $117.87M+14.9% | $117.87M+14.9% | $112.78M+4.7% | $107.69M-4.5% | |
| Residential Transitional Lending | $222.92M— | $222.92M— | $222.92M— | —— | —— | |
| Investments in Equity Method Investees by Business | ||||||
| Corporate Category | $0— | $0— | $0— | —— | —— | |
| Investment Portfolio | $1.28B— | $1.25B— | $1.21B— | —— | —— | |
| Origination and Servicing | $101.49M— | $99.78M— | $99.16M— | —— | —— | |
| Residential Transitional Lending | $98.38M— | $84.42M— | $70.06M— | —— | —— | |
| 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) | -$1.05B-19.7% | -$1.17B-158% | -$783.53M+12.1% | -$886.59M-76.2% | -$873.47M-158% | |
| Gain on originated residential mortgage loans, held-for-sale, net | $777.99M+11.2% | $729.53M+6.9% | $727.44M+25.6% | $715.82M+31.7% | $699.87M+23.1% | |
| Interest income | $1.89B-3.1% | $1.87B-3.9% | $1.86B-3.1% | $1.96B+6.1% | $1.96B+10.9% | |
| Servicing fee revenue, net and interest income from MSRs and MSR financing receivables | $2.3B+10.0% | $2.29B+15.1% | $2.26B+16.0% | $2.17B+14.6% | $2.09B+12.6% | |
| Servicing revenue, net | $1.26B-2.2% | $1.12B-30.1% | $1.54B+46.1% | $1.35B-3.0% | $1.29B-15.5% | |
| Total Income and Fees Receivable by Product | ||||||
| Incentive income | $361.6M+42.2% | $359.34M+42.8% | $252.51M+144% | $250.66M— | $254.23M— | |
| Management fees | $197.1M+83.5% | $184.87M+93.8% | $162.66M+73.4% | $130.52M— | $107.4M— | |
| Interest credited by Product | ||||||
| Deferred Annuities | $16.54M— | $4.93M— | —— | —— | —— | |
| Fixed Indexed Annuities | $611.25K— | $187K— | —— | —— | —— | |
| Policy charges by Product | ||||||
| Deferred Annuities | $23.75K— | $9K— | —— | —— | —— | |
| Fixed Indexed Annuities | $0— | $0— | —— | —— | —— | |
| Policyholder Account Balance, Benefit Payment by Product | ||||||
| Deferred Annuities | $6.93M— | $1.14M— | —— | —— | —— | |
| Fixed Indexed Annuities | $72K— | $0— | —— | —— | —— | |
| Deposits by Product | ||||||
| Deferred Annuities | $120.09M— | $35.31M— | —— | —— | —— | |
| Fixed Indexed Annuities | $16.37M— | $3.71M— | —— | —— | —— | |
| Policyholder Account Balance, Surrender and Withdrawal by Product | ||||||
| Deferred Annuities | $11.62M— | $3.48M— | —— | —— | —— | |
| Fixed Indexed Annuities | $54.25K— | $3K— | —— | —— | —— |
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.
