Companies /Real Estate

Rithm Capital Corporation

NYSE: RITM Reit - Mortgage
$10.02
▲ $0.13 (+1.31%) today
Markets closed · 11:19pm ET

Q2 2025 Earnings

Reported Jul 28, 2025, 6:45am ET · SEC source
$0.53
Beat +1.34%
EPS · est. $0.52
$1.2B
Beat +8.47%
Revenue · est. $1.1B
−0.5%
Trailing market
RITM vs S&P since report
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
−1.4%−0.7%0+0.7%Jul 28Jul 29report 6:45am ETearnings−0.4%−0.4%
−1.4%−0.7%0+0.7%Jul 28Jul 29earnings−0.4%−0.4%
RITM −0.4%S&P 500 −0.4%
−1.4%−0.7%0+0.7%Jul 28Jul 29report 6:45am ETearnings−0.1%−0.4%
−1.4%−0.7%0+0.7%Jul 28Jul 29earnings−0.1%−0.4%
RITM −0.4%NASDAQ −0.1%
−2%0Jul 28Aug 4report 6:45am ETearnings−0.9%−1.5%
−2%0Jul 28Aug 4earnings−0.9%−1.5%
RITM −1.5%S&P 500 −0.9%
−2%0Jul 28Aug 4report 6:45am ETearnings−0.5%−1.5%
−2%0Jul 28Aug 4earnings−0.5%−1.5%
RITM −1.5%NASDAQ −0.5%
+0.33%
Day of report
+1.14%
Next session
−0.16%
One week
+0.98%
30 days

S&P 500 over the same 30 days: +1.52%.

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-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

“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.”

Rithm Capital CEO, on the earnings call

RITM YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$400.0M$800.0M$1.2B$1.2B$1.2BRevenue$773.6M$265.2MOperating Income$235.6M$283.9MNet Income
$0$400.0M$800.0M$1.2BRevenueOperating IncomeNet Income

RITM Revenue by Segment

Origination and Servicing$925.6M
Asset Management$102.8M
Investment Portfolio$110.0M
Residential Transitional Lending$75.4M

Figures from SEC filings and company reports. Not investment advice.