Q3 25 EPS
$0.54
BEAT +3.85%
Est. $0.52
Q3 25 Revenue
$1.11B
BEAT +3.46%
Est. $1.07B
vs S&P Since Q3 25
-23.1%
TRAILING MARKET
RITM -13.2% vs S&P +9.8%
Market Reaction
Did RITM Beat Earnings? Q3 2025 Results
Rithm Capital closed out Q3 2025 with a clean beat on both the top and bottom lines, reporting non-GAAP earnings of $0.54 per diluted share against a consensus estimate of $0.52, a 3.85% beat, while revenue of $1.11 billion cleared analyst expectatio… Read more Rithm Capital closed out Q3 2025 with a clean beat on both the top and bottom lines, reporting non-GAAP earnings of $0.54 per diluted share against a consensus estimate of $0.52, a 3.85% beat, while revenue of $1.11 billion cleared analyst expectations of $1.07 billion by 3.46%. The headline numbers masked meaningful cross-currents beneath the surface; a $264.35 million negative MSR mark-to-market adjustment compressed net servicing revenue to $314.93 million, contributing to a 32.1% year-over-year revenue decline and a sequential dip from $1.22 billion last quarter. Offsetting that pressure, Newrez's origination engine gained momentum with $16.40 billion in funded volume and gain-on-sale revenue climbing to $196.31 million, while Genesis Capital posted $1.20 billion in transitional loan originations, up 60% year-over-year. The quarter was equally defined by strategic ambition, as Rithm announced agreements to acquire alternative asset manager Crestline Management and office REIT Paramount Group for roughly $1.60 billion in cash, both expected to close in Q4 2025, accelerating its evolution into a diversified asset management platform.
Key Takeaways
- • Newrez pre-tax income of $295.1 million (ex-MSR mark-to-market), up from $275.1 million in Q2, generating 20% pre-tax ROE on $6.2 billion equity
- • Total servicing UPB reached $878 billion, up 7% YoY; third-party servicing UPB of $282 billion, up 21% YoY
- • Origination funded production volume of $16.4 billion, up 3% YoY
- • Genesis Capital origination volume of $1.2 billion, up 60% YoY
- • Sculptor Capital grew to approximately $37 billion AUM with $1.4 billion gross fundraising inflows in Q3
- • Gain on originated residential mortgage loans increased to $196.3 million from $169.7 million in Q2
- • Sculptor completed CLO issuance and reset in European market contributing approximately $585 million of AUM
RITM YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
RITM Revenue by Segment
With YoY comparisons, source: SEC Filings
“This quarter marks a pivotal step forward in Rithm Capital's journey, driven by strategic acquisitions, platform expansion, and a disciplined investment approach, as we continue building a diversified, asset management platform.”
— Michael Nierenberg, Q3 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% |