Rithm Capital (RITM) Q2 2026: EPS Beats by 20%, Revenue Misses
As seen on the 24/7 Wall St. homepage on July 28, 2026.
Rithm crushed EPS expectations with a 19.71% beat, but a $194.5 million mortgage servicing rights mark-to-market loss weighed on GAAP results as the firm's asset management division accelerated with a 34% sequential revenue jump.
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Rithm Capital reported Q2 2026 earnings per share of $0.60, clearing the $0.5012 consensus estimate by nearly 20%. That beat extends a consistent pattern — the company has topped EPS expectations in each of the last eight quarters, with the margin of outperformance ranging from slim to substantial. The Q2 result matches the firm's Q4 2024 reported EPS of $0.60, though it trails the $0.74 high-water mark set in Q4 2025.
The headline beat came despite a $194.5 million mortgage servicing rights mark-to-market loss that weighed on GAAP results. That kind of non-cash charge is common for mortgage-focused financials when interest rate moves shift the present value of servicing portfolios, and it helps explain why revenue of $1.28 billion fell roughly 9.8% short of the $1.42 billion estimate. Investors tracking GAAP net income will want to look through that mark-to-market noise to assess the underlying business.
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The more forward-looking detail in the quarter was the asset management division, which posted a 34% sequential revenue jump. That segment has been a strategic priority as Rithm works to diversify beyond its mortgage servicing roots, and the acceleration suggests that pivot is gaining traction. How that division performs in the coming quarters will likely be a key factor in how analysts set their estimates going forward.