Q2 25 EPS
$0.53
BEAT +1.34%
Est. $0.52
Q2 25 Revenue
$1.22B
BEAT +8.47%
Est. $1.12B
vs S&P Since Q2 25
-38.0%
TRAILING MARKET
RITM -20.8% vs S&P +17.2%
Market Reaction
Did RITM Beat Earnings? Q2 2025 Results
Rithm Capital delivered a strong second quarter for 2025, posting earnings per share of $0.53 against a consensus estimate of $0.52, a beat of 1.34%, while revenue of $1.22 billion cleared Wall Street's $1.12 billion forecast by 8.47%, even as top-li… Read more Rithm Capital delivered a strong second quarter for 2025, posting earnings per share of $0.53 against a consensus estimate of $0.52, a beat of 1.34%, while revenue of $1.22 billion cleared Wall Street's $1.12 billion forecast by 8.47%, even as top-line results were essentially flat on a year-over-year basis, slipping just 0.3%. The headline driver behind the quarter's improvement was a significant shift in mortgage servicing right dynamics, as the MSR fair value drag narrowed considerably from the prior quarter, helping lift GAAP net income to $283.90 million from just $36.52 million in Q1 2025. The Origination and Servicing segment carried much of the load, with Newrez contributing $275.10 million in pre-tax income excluding MSR mark-to-market effects, while total servicing unpaid principal balance grew 7% year-over-year to $864.00 billion. Genesis Capital added momentum with record quarterly origination volume of $1.20 billion, up 49% year-over-year, and book value per common share stood at $12.71 at quarter-end.
Key Takeaways
- • Servicing UPB reached $864 billion, up 7% YoY, with third-party servicing UPB growing 22% YoY to $271 billion
- • Origination funded production volume of $16.3 billion, up 12% YoY
- • Genesis Capital record origination volume of $1.2 billion, up 49% YoY
- • Sculptor Capital AUM grew to approximately $36 billion with $1.7 billion in gross fundraising inflows
- • Favorable MSR mark-to-market swing from Q1 to Q2 drove GAAP earnings improvement
- • Newrez posted 19% pre-tax ROE on $5.8 billion of equity
RITM YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
RITM Revenue by Segment
With YoY comparisons, source: SEC Filings
“Rithm's second-quarter results reflect our commitment to sustained performance. Our diversified platform continues to deliver steady growth across our core operating businesses, including asset management, origination and servicing. We remain focused on delivering long-term value for our investors and shareholders as we expand our asset management capabilities, guided by a disciplined investment approach, positioned to seize compelling opportunities.”
— Michael Nierenberg, Q2 2025 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
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| 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% |