Q1 26 EPS
$0.12
MISS 75.89%
Est. $0.50
Q1 26 Revenue
$1.38B
BEAT +8.66%
Est. $1.27B
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 … Read more 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. Despite the broader growth, 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
RITM 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
Q1 2026 vs Q1 2025, source: SEC Filings
RITM Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Michael Nierenberg, Q1 2026 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% |