Companies /Real Estate

Rithm Capital Corporation

NYSE: RITM Reit - Mortgage
$10.02
▲ $0.13 (+1.31%) today
Markets closed · 11:55pm ET

Q1 2026 Earnings

Reported Apr 28, 2026, 6:30am ET · SEC source
$0.12
Miss −75.89%
EPS · est. $0.50
$1.4B
Beat +8.66%
Revenue · est. $1.3B
−11.7%
Trailing market
RITM vs S&P since report
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0+2%Apr 28Apr 29report 6:30am ETearnings−0.6%−3.4%
−2%0+2%Apr 28Apr 29earnings−0.6%−3.4%
RITM −3.4%S&P 500 −0.6%
−2%0+2%Apr 28Apr 29report 6:30am ETearnings−0.3%−3.4%
−2%0+2%Apr 28Apr 29earnings−0.3%−3.4%
RITM −3.4%NASDAQ −0.3%
−6%−3%0+3%Apr 27May 6report 6:30am ETearnings+2.3%−3.4%
−6%−3%0+3%Apr 27May 6earnings+2.3%−3.4%
RITM −3.4%S&P 500 +2.3%
−4%0+4%Apr 27May 6report 6:30am ETearnings+4.8%−3.4%
−4%0+4%Apr 27May 6earnings+4.8%−3.4%
RITM −3.4%NASDAQ +4.8%
−2.67%
Day of report
−1.93%
Next session
−1.52%
One week
−5.38%
30 days

S&P 500 over the same 30 days: +6.29%.

Did RITM Beat Earnings? Q1 2026 Results

Rithm Capital Corp. posted a steady first quarter of 2026, reporting GAAP net income of $67.83 million, or $0.12 per diluted share, on revenue of $1.38 billion, with both figures improving from the prior quarter as the company's diversified business model continued to gain traction. The primary driver of the revenue lift was stronger servicing income from the Newrez platform, where total servicing unpaid principal balance reached $850.00 billion and origination funded volume climbed 31% year-over-year to $15.50 billion, even as quarterly volume dipped 18% from Q4 2025. The asset management arm added further momentum, with AUM expanding to roughly $59.00 billion from $35.00 billion a year ago following the Crestline acquisition. <a href="https://247wallst.com/investing/2026/03/20/ritm-stock-near-52-week-low-despite-100-billion-in-assets-and-a-blowout-quarter/">Despite the broader growth</a>, book value per share stood at $12.51 and the company maintained its $0.25 quarterly dividend. CEO Michael Nierenberg framed the volatile market backdrop as an opportunity, arguing Rithm's owner-operator structure is positioned to convert near-term disruption into long-term shareholder value.

Key Takeaways
  • Newrez generated 19% annualized operating ROE on $5.7 billion segment equity
  • Genesis Capital origination volume grew 80% YoY to $1.6 billion
  • Asset management AUM grew to approximately $59 billion from $35 billion YoY driven by Crestline acquisition and fundraising
  • Total servicing UPB reached $850 billion including $257 billion third-party servicing
  • Origination funded production volume increased 31% YoY to $15.5 billion
  • Rental revenue increased significantly QoQ reflecting Elecor Properties acquisition impact
  • Servicing revenue net increased to $375 million from $148 million QoQ due to lower MSR mark-to-market losses

“Despite a challenging and volatile market environment, Rithm delivered strong Q1 results, with Newrez generating a 19% annualized operating ROE, Genesis posting 80% year-over-year origination growth, and our asset management platform growing to approximately $60 billion in AUM.”

Rithm Capital CEO, on the earnings call

Forward Guidance & Outlook

CEO Michael Nierenberg expressed confidence that the current challenging and volatile market environment creates compelling opportunities to drive long-term value for shareholders, citing the company's diversified owner-operator model as built to perform through disruption.

RITM YoY Financials

Revenue$1.4B
Net Income$67.8M
Operating Income$154.2M

RITM Revenue by Segment

Origination and Servicing$828.2M+66.1%
Asset Management$143.7M+48.0%
Investment Portfolio$136.1M+29.5%
Residential Transitional Lending$87.7M+31.8%

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