Q4 25 EPS
$0.74
BEAT +27.15%
Est. $0.58
Q4 25 Revenue
$1.29B
BEAT +3.70%
Est. $1.24B
vs S&P Since Q4 25
-24.2%
TRAILING MARKET
RITM -15.9% vs S&P +8.3%
Full Year 2025 Results
FY 25 EPS
$2.35
BEAT +8.07%
Est. $2.17
FY 25 Revenue
$4.59B
BEAT +6.83%
Est. $4.30B
Market Reaction
Did RITM Beat Earnings? Q4 2025 Results
Rithm Capital delivered a standout fourth quarter, posting non-GAAP earnings available for distribution of $0.74 per diluted share, beating the $0.57 consensus estimate by 28.87%, while revenue of $1.29 billion cleared expectations by 217.13% and cli… Read more Rithm Capital delivered a standout fourth quarter, posting non-GAAP earnings available for distribution of $0.74 per diluted share, beating the $0.57 consensus estimate by 28.87%, while revenue of $1.29 billion cleared expectations by 217.13% and climbed 18.4% year over year. The headline driver was a sharp surge in EAD to $418.90 million from $296.89 million in Q3, even as GAAP net income fell to $53.12 million due to a $421.81 million negative swing in MSR fair value changes net of hedges and $33.37 million in acquisition-related charges. Those December closings, Crestline Management adding roughly $18 billion in AUM and the Paramount Group real estate acquisition, pushed total investable assets past $100 billion and total assets to $53.07 billion, validating the company's pivot toward diversified alternative asset management. Shares rallied in premarket trading on the results. CEO Michael Nierenberg pointed to Rithm's scale across asset management, Newrez, and Genesis Capital, the latter posting a record $4.80 billion in full-year originations, as the foundation for continued expansion into 2026.
Key Takeaways
- • Origination funded production volume of $18.8 billion in Q4, up 15% QoQ and 9% YoY
- • Total servicing UPB reached $852 billion at year-end 2025, up 1% YoY
- • Sculptor Capital grew to approximately $38 billion AUM with $5.8 billion gross fundraising inflows in 2025
- • Genesis Capital record origination volume of $1.4 billion in Q4 and $4.8 billion for full year, up 33% YoY
- • Record NQM securitizations: three securitizations totaling $1.5 billion in Q4 and eight totaling $4.0 billion for full year 2025
- • Newrez generated 17% annualized operating ROE in Q4 and 20% operating ROE for full year 2025
- • 19% EAD return on equity for the full year 2025
RITM YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
RITM Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 was a year of strategic progress for Rithm, marked by disciplined execution and consistent performance across every segment of our business. We delivered a 19% EAD return on equity for the full year and, through the targeted acquisitions of Crestline and Paramount Group, we continued to expand our diversified, alternative asset management platform, ending the year with over $100 billion in investable assets. At the same time, we deepened our value creation capabilities across real estate and credit, further strengthening our platform.”
— Michael Nierenberg, Q4 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% |