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Just reported
Q3 2026 results
From Rithm Capital's results release of October 23, 2026; its quarterly report has since been filed.
Revenue
Actual
$1.76B
+58% y/y
+37% q/qGuided
—
No guide given
EPS, GAAP
Actual
$0.38
+8.6% y/y
Guided
—
No guide given
Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.
The full earnings report →Keep exploring
The themes Rithm Capital is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.
Grade rose recently in Real Estate
Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.
AMHAmerican Homes 4 RentNov 5, 2026CAGraded C, now A
JANJanus Living, Inc.Nov 3, 2026BAGraded B, now A
COMPCompass, Inc.Nov 5, 2026BAGraded B, now A
FSVFirstService CorporationOct 22, 2026BAGraded B, now A
RYNRayonier Inc.Nov 4, 2026DBGraded D, now B
How it makes money
- Mortgage origination and servicing60%
- Commercial real estate13%
- Asset management10%
- Investment portfolio10%
- Residential transitional lending6%
Shares of revenue are estimates for three months ended March 31, 2026, not figures from a filing.
Competes with
What it sells6
Newrez mortgage origination and servicing
Home loans for borrowers buying or refinancing homes, plus services that collect payments and handle other loan duties for loan owners.
Genesis residential real-estate loans
Short-term business loans secured by homes or multifamily properties, used by real-estate investors and developers for construction, renovation, or bridging a financing gap.
Investment management through Sculptor, Crestline, and Rithm Advisers
Management of funds and investment accounts focused on areas including private credit, real estate, and other alternative investments.
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Single-family rental homes
Homes Rithm buys, prepares for tenants, and rents out under residential leases.
Class A office properties
Office buildings Rithm owns and operates in New York City and San Francisco, earning rent and other property income.
Mortgage and property services
Services including property preservation and maintenance, home appraisals, and title and settlement work.
Who buys it5
- People buying or refinancing homes who take out mortgages originated by Newrez.
- Mortgage owners, investors, and other servicers that pay Newrez to collect loan payments and handle servicing work.
- Residential real-estate investors and developers who borrow from Genesis for construction, renovation, or bridge financing.
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- Investors who put money into funds or managed accounts advised by Rithm’s asset managers.
- Tenants who rent Rithm’s homes or office space.
What it stands on, and what could break it
What the business leans on
- 1Mortgage origination and servicing income depends on interest rates, home sales, refinancing, borrower payments, and the pace at which borrowers repay loans.
- 2The company uses warehouse loans, secured borrowing, and other financing to fund mortgages, servicing rights, and investments.
- 3Servicing requires Rithm to advance certain payments and property costs when borrowers fall behind; repayment depends on later collections or recoveries from the property.
- 4Mortgage businesses depend on licenses, government-backed mortgage programs, and rules governing lending and servicing; Rithm also must meet requirements to keep its real estate investment trust tax status.
- 5Asset management fees depend in part on investor money remaining in funds and accounts and on the value and performance of managed investments.
What could go wrong
- 1Interest-rate changes, borrower defaults, and early loan repayments can affect mortgage sales, servicing income, the value of servicing rights, and how quickly servicing advances are recovered.
- 2If lenders do not renew financing, or falling collateral values trigger demands for more cash or collateral, Rithm may have difficulty funding its loans and investments.
- 3Its office properties are concentrated in New York City and San Francisco; vacancies, lease renewals, redevelopment costs, or joint-venture partners’ sale rights could reduce property income or force sales.
About Rithm Capital Corp.
Rithm originates home loans, sells many of them to other buyers, and collects payments on loans for their owners. It also manages mortgage servicing rights (MSRs)—rights to service loans and receive related fees—and makes short-term loans to real-estate investors and developers. Through its investment managers, it invests money for funds and managed accounts; it also owns rental homes and office buildings. In the three months ended June 30, 2026, its mortgage business funded $15.9 billion (three months ended June 30, 2026, high) in home loans, and Newrez serviced loans with about $865.2 billion (June 30, 2026, high) in unpaid principal balance.
- Head office
- New York City, New York
- Founded
- 2011
- Employees
- Approximately 7,240 (December 31, 2025, high)
- Listed on
- NYSE
- Financial year ends
- December 31
Built from Rithm Capital Corp.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.
