Q2 26 EPS
$0.60
BEAT +19.71%
Est. $0.50
Q2 26 Revenue
$1.28B
MISS 9.75%
Est. $1.42B
vs S&P Since Q2 26
+5.6%
BEATING MARKET
RITM +9.9% vs S&P +4.4%
Market Reaction
Did RITM Beat Earnings? Q2 2026 Results
Rithm Capital Corp. Delivered a sharply bifurcated second quarter for fiscal 2026, beating earnings expectations while falling short on revenue. The company posted non-GAAP earnings available for distribution of $0.60 per diluted share, clearing the … Read more Rithm Capital Corp. Delivered a sharply bifurcated second quarter for fiscal 2026, beating earnings expectations while falling short on revenue. The company posted non-GAAP earnings available for distribution of $0.60 per diluted share, clearing the $0.50 consensus estimate by 19.71%, even as revenue of $1.28 billion trailed the $1.42 billion consensus by 9.75%, though it still represented a 3.9% increase year over year. The headline story was a stark split between GAAP and non-GAAP results: GAAP net income collapsed to just $0.04 per diluted share, weighed down by $181.11 million in realized and unrealized losses, primarily from MSR mark-to-market losses of $194.50 million within the Origination and Servicing segment as interest rates declined. Beneath that accounting drag, underlying operating performance strengthened meaningfully, with non-GAAP earnings rising from $0.51 per diluted share in Q1, supported by a 34% sequential increase in asset management revenue to $142.23 million and record origination volume at Genesis Capital. The company held its quarterly dividend steady at $0.25 per share.
Key Takeaways
- • Asset management AUM grew to $61 billion driven by $1.9 billion in gross inflows and new fund commitments
- • Asset management revenue increased 34% QoQ to $142 million driven by higher incentive fee income
- • Newrez posted 22% annualized operating ROE on $5.7 billion average segment equity
- • Genesis Capital origination volume of $1.9 billion, a 52% YoY increase
- • Origination funded production volume was $15.9 billion, up 3% QoQ
- • Total servicing UPB reached $865.2 billion including $268.4 billion of third-party servicing
- • MSR mark-to-market losses net of hedges of $(194.5) million weighed on GAAP results
RITM YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
RITM Revenue by Segment
With YoY comparisons, source: SEC Filings
“Rithm's strong second quarter performance reflects the significant momentum of our owner-operator platform, which continues to prove its depth and durability. Despite an uncertain macro environment, our asset management business reached $61 billion in AUM on $1.9 billion of gross inflows, while Genesis delivered its strongest origination quarter ever and Newrez posted a 22% annualized operating return on equity. With Elecor building strong leasing momentum, every pillar of our platform is performing. As our clients deepen their engagement with Rithm, we are confident in our positioning and the compelling opportunities ahead to deliver for our clients and shareholders.”
— Michael Nierenberg, Q2 2026 Earnings Press Release
RITM Earnings Trends
RITM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RITM EPS Trend
Earnings per share: estimate vs actual
RITM Revenue Trend
Quarterly revenue: estimate vs actual
RITM Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.50 | $0.60 | +19.71% | $1.28B | -9.75% |
| Q1 26 MISS | $0.50 | $0.12 | -75.89% | $1.38B | +8.66% |
| Q4 25 BEAT FY | $0.58 | $0.74 | +27.15% | $1.29B | +3.70% |
| FY Full Year | $2.17 | $2.35 | +8.07% | $4.59B | +6.83% |
| Q3 25 BEAT | $0.52 | $0.54 | +3.85% | $1.11B | +3.46% |
| Q2 25 BEAT | $0.52 | $0.53 | +1.34% | $1.22B | +8.47% |
| Q1 25 MISS | $0.47 | $0.07 | -85.01% | $768.4M | -36.90% |