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Rithm Capital (RITM)
NYSE:RITM
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.51Last Year’s EPS
0.52Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational and financial positives: meaningful AUM scale, double-digit EAD growth, robust mortgage platform profitability (NewRez), rapid origination expansion (Genesis), strategic asset-management acquisitions (Crestline, Sculptor momentum), and opportunistic real-estate acquisition (Paramount) with encouraging leasing activity. Noted challenges included MSR mark-to-market volatility and seasonal delinquency pressure driven partly by FHA modification rules, localized softness in San Francisco occupancy, competitive pressure on origination margins, and some recent equity-price volatility. On balance, the breadth and magnitude of the highlights (revenue and earnings growth, scale, strategic partnerships, tech upgrades, and successful acquisitions) outweigh the lowlights, which are largely operational/rate-driven and being actively managed.Company Guidance
Scale of Platform
Firm now manages over $100 billion of investable assets across the platform (Rithm Asset Management AUM $63B; Rithm balance sheet business $53B), reflecting meaningful scale and diversification.
Earnings Available for Distribution Growth
Earnings available for distribution for fiscal 2025 were $2.35 per diluted share, representing 12% year-over-year growth; Q4 EAD was $0.74 per diluted share ($419 million for the quarter) with a 24% ROE on EAD in Q4.
GAAP Profitability for 2025
GAAP net income for full-year 2025 was $567 million ($1.04 per diluted share) with an 8% GAAP ROE; Q4 GAAP net income was $53 million ($0.09 per diluted share) with a 3% ROE.
Strong Mortgage Platform Performance (NewRez)
NewRez delivered approximately $1.1 billion of pretax income excluding mark-to-market in 2025 (a 17% YoY increase). Q4 pretax income excluding MTM was $249 million; NewRez reported a 20% ROE for the year and 17% ROE for the quarter.
Origination and Servicing Volume
Funded volume totaled $63 billion for 2025 and $18.8 billion in Q4 (up 15% quarter-over-quarter). Third-party servicing portfolio grew to $256 billion including $25 billion of new third-party servicing added.
Non-Agency and Non-QM Growth
Non-agency production grew 147% year-over-year and non-QM originations grew 200% year-over-year, reflecting meaningful expansion in higher-margin product areas.
Genesis Origination and Earnings Surge
Genesis produced just under $5 billion in loans in 2025 (versus $1.7 billion at acquisition in 2022) and earnings are up approximately 250% since acquisition, demonstrating rapid growth while maintaining credit discipline.
Asset Management Momentum & Acquisitions
Sculptor had $5.8 billion of gross inflows in 2025 and AUM grew from $34B to $38B (~12%). Rithm completed the Crestline acquisition (~$18B AUM) and launched/seeded ABF products including an evergreen fund and a closed-end ABF fund seeded with $200M.
Paramount Opportunistic Real Estate Acquisition
Acquired Paramount portfolio of ~13M square feet (10 core assets = 9.9M sf). Acquisition basis ~$585/sf at a ~7% going-in cap rate; management cited acquisition at ~40% discount to pre-COVID values and ~75% discount to replacement cost.
Leasing Momentum at Paramount
Paramount core leased 1.7M+ sq ft in 2025 (up 235% YoY). Core portfolio leased occupancy rose to 86.9% (up 220 bps YoY); New York core occupancy was 92.8% (up 780 bps YoY) with 43 deals totaling 1.3M sq ft and an average lease term of 13.8 years.
Balance Sheet & Liquidity
Ended the year with $1.7 billion of cash and liquidity after funding major transactions; reported book value on 12/31 at $7 billion (~$12.66 per common share).
Technology Partnerships
Announced strategic tech partnerships (Valon for servicing and HomeVision for underwriting). HomeVision's first phase already doubled underwriting capacity; both partnerships include minority equity stakes expected to drive long-term efficiency and potential equity upside.
Capital Returned & Dividend Track Record
Company has paid north of $6 billion in dividends since formation and has achieved 25 consecutive quarters where EAD exceeded the common dividend paid; common dividend is $1.00 per share annually.
RITM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RITM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $10.80 | $10.95 | +1.39% |
Oct 30, 2025 | $10.93 | $10.99 | +0.55% |
Jul 28, 2025 | $11.92 | $11.96 | +0.33% |
Apr 25, 2025 | $9.95 | $10.08 | +1.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Rithm Capital (RITM) report earnings?
Rithm Capital (RITM) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Rithm Capital (RITM) earnings time?
Rithm Capital (RITM) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RITM EPS forecast?
RITM EPS forecast for the fiscal quarter 2026 (Q1) is 0.51.