Rithm Capital Corp. (RITM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.5	$0.6	+20.0%	—	$835.3M	—
Q1 26	$0.5	$0.51	+2.0%	—	$891.8M	—
Q4 25	$0.58	$0.74	+27.6%	—	$901.2M	—
Q3 25	$0.52	$0.54	+3.8%	—	$707.2M	—
Q2 25	$0.52	$0.54	+3.8%	—	$764.1M	—
Q1 25	$0.47	$0.52	+10.6%	—	$493M	—
Q4 24	$0.44	$0.6	+36.4%	—	$1.1B	—
Q3 24	$0.42	$0.54	+28.6%	—	$479.3M	—
Q2 24	$0.42	$0.47	+11.9%	—	$729M	—
Q1 24	$0.39	$0.48	+23.1%	—	$773.4M	—
Q4 23	$0.38	$0.51	+34.2%	—	$335.8M	—
Q3 23	$0.38	$0.58	+52.6%	—	$601.6M	—
Q2 23	$0.36	$0.62	+72.2%	—	$758.9M	—
Q1 23	$0.32	$0.35	+9.4%	—	$379.2M	—
Q4 22	$0.3	$0.33	+10.0%	—	$433.6M	—
Q3 22	$0.29	$0.32	+10.3%	—	$627.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.05	—	—	$2.9B	—
FY24	—	$1.69	—	—	$3B	—
FY23	—	$1.11	—	—	$2.1B	—
FY22	—	$1.84	—	—	$3.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$832M	$1.5B	$1.4B	$1.3B	-$262.8M	$2.6B	$3.6B	$2.1B	$3B	$2.9B
YoY change	+104.6%	+77%	-5.14%	-7.61%	-120.4%	+1.1K%	+34.2%	-40.7%	+43.3%	-4.95%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	832M	1.5B	1.4B	1.3B	-262.8M	2.6B	3.6B	2.1B	3B	2.9B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	14.6M	27M	160.6M	346.3M	662.6M	1.3B	1.5B	1B	1.4B	1.6B
Operating expenses	14.6M	27M	160.6M	346.3M	662.6M	1.3B	1.5B	1B	1.4B	1.6B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	621.6M	1.2B	931.1M	647.7M	-1.3B	963.8M	1.3B	752.8M	1.2B	806.4M
Income tax	38.9M	167.6M	-73.4M	41.8M	16.9M	158.2M	279.5M	122.2M	267.3M	88.3M
Net income	582.7M	1B	1B	605.9M	-1.4B	805.6M	983.3M	630.7M	941.5M	718.1M
Net margin	70%	68.9%	71.9%	47%	516.7%	30.4%	27.7%	29.9%	31.2%	25%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	2.12	3.17	2.82	1.35	-3.52	1.56	1.84	1.11	1.69	1.05
Diluted EPS	2.12	3.15	2.81	1.34	-3.52	1.51	1.8	1.1	1.67	1.04

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	601.6M	335.8M	773.4M	729M	479.3M	1.1B	493M	764.1M	707.2M	901.2M	891.8M	835.3M
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	254M	298.6M	321.7M	365.6M	368.9M	370.6M	344.9M	370.3M	373.2M	530.4M	483.5M	506.5M
Operating expenses	254M	298.6M	321.7M	365.6M	368.9M	370.6M	344.9M	370.3M	373.2M	530.4M	483.5M	506.5M
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	273.8M	-37.3M	380.9M	290.2M	45.1M	492.6M	56.8M	306.4M	236.9M	206.3M	154.2M	86.9M
Income tax	52.6M	29.9M	93.4M	51.6M	-78.4M	200.7M	-23.9M	-11.6M	8.1M	115.7M	44.8M	19M
Net income	221.2M	-67.2M	287.5M	238.5M	123.6M	291.9M	80.7M	318M	228.8M	90.6M	109.5M	67.9M
Net margin	36.8%	-20%	37.2%	32.7%	25.8%	27.4%	16.4%	41.6%	32.4%	10.1%	12.3%	8.13%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	0.4	-0.18	0.54	0.44	0.2	0.51	0.07	0.54	0.36	0.1	0.12	0.04
Diluted EPS	0.4	-0.18	0.54	0.43	0.2	0.5	0.07	0.53	0.35	0.09	0.12	0.04

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	4.1B	4.8B	3.8B	5.1B	5.4B	5.9B	5.1B
Enterprise value	—	—	—	—	-2.8B	24B	18.7B	22.3B	27B	34.4B	42.5B
Shares outstanding	238.1M	302.2M	341.3M	408.8M	415.5M	451.3M	468.8M	481.9M	495.5M	537.9M	537.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	6	3.9	8.16	5.7	8.16	15.1
P/S	—	—	—	—	-15.7	1.83	1.08	2.44	1.78	2.04	1.17
P/B	—	—	—	—	0.76	0.72	0.55	0.72	0.68	0.63	0.74
EV/Sales	—	—	—	—	10.8	9.08	5.25	10.6	8.93	12	9.85
Earnings yield	—	—	—	—	—	16.7%	25.7%	12.3%	17.5%	12.2%	6.61%
FCF yield	—	—	—	—	32.3%	71.1%	150.2%	13.5%	-43.2%	-22%	11.2%
PEG	—	—	—	—	—	—	—	—	—	—	-0.16

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	7.94%
Net margin	70%	68.9%	71.9%	47%	516.7%	30.4%	27.7%	29.9%	31.2%	25%	10.8%
ROE	16.8%	21.2%	16.5%	8.37%	-25%	12.1%	14%	8.88%	11.9%	7.76%	5.59%
ROA	—	—	—	—	—	—	—	—	2.04%	1.35%	1.01%
Return on tangible assets	—	—	—	—	—	—	—	—	3.85%	2.32%	1.66%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	—	—	—	—	—	—	—	—	—	1.07
Debt / equity	2.3	1.48	1.19	1.07	1.51	4.49	3.44	3.8	4.16	3.85	3.88
Debt / assets	—	—	—	—	—	—	—	—	0.71	0.67	0.67
Effective tax rate	6.26%	14.2%	0%	6.45%	0%	16.4%	22.1%	16.2%	22.1%	10.9%	27.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	3.49	4.87	4.09	3.16	-0.63	5.86	7.58	4.37	6.1	5.34	7.8
EPS (basic)	2.12	3.17	2.82	1.35	-3.52	1.56	1.84	1.11	1.69	1.05	1.05
EPS (diluted)	2.12	3.15	2.81	1.34	-3.52	1.51	1.8	1.1	1.67	1.04	0.6
Book value per share	14.6	15.9	17.8	17.7	13.1	14.8	15	14.7	15.9	17.2	12.3
FCF per share	0.13	-8.47	-7.1	-7.46	3.21	7.61	12.3	1.44	-4.68	-2.4	-3.32
Cash per share	22.5	27.7	34.8	48.9	36.6	23.8	19.8	20.4	22.5	13.2	3.1

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Payout ratio	74.4%	56.2%	65.9%	134.9%	-28.3%	54.4%	56.8%	90.5%	62.5%	89.6%	166.7%
Dividend yield	—	—	—	—	9.29%	9.07%	14.6%	11.1%	11%	11%	11%

Yield

11%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.25

ex-dividend Jul 2, 2026

Payout ratio

167%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 2, 2026	$0.25
Apr 6, 2026	$0.25
Dec 31, 2025	$0.25
Oct 1, 2025	$0.25
Jun 30, 2025	$0.25

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$601.6M	$335.8M	$773.4M	$729M	$479.3M	$1.1B	$493M	$764.1M	$707.2M	$901.2M	$891.8M	$835.3M
YoY change	-4.13%	-22.6%	+104%	-3.93%	-20.3%	+217.8%	-36.3%	+4.82%	+47.6%	-15.6%	+80.9%	+9.31%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	5.4B	8.4B	11.9B	20B	15.2B	10.7B	9.3B	9.8B	11.2B	7.1B
Receivables	1.8B	1.2B	4.2B	5.7B	251M	203M	234.8M	384.4M	496.2M	654.9M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	—	11.3M	74.3M	95.2M	173.7M	115.2M	144.2M	169.7M	206.1M
Goodwill & intangibles	4.5B	6.2B	7B	9.1B	10.1B	14.2B	18.9B	17.9B	21.6B	22.1B
Total assets	—	—	—	—	—	—	—	—	46B	53.1B
Accounts payable	1.5B	1.3B	2.3B	1.2B	191.9M	376.8M	242.8M	331.8M	394M	417.7M
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	8B	7.1B	7.2B	7.8B	8.2B	29.9B	24.1B	27B	32.8B	35.6B
Total liabilities	—	—	—	—	—	—	—	—	38.2B	43.8B
Shareholders' equity	3.5B	4.8B	6.1B	7.2B	5.4B	6.7B	7B	7.1B	7.9B	9.3B
Total debt	8B	7.1B	7.2B	7.8B	8.2B	29.9B	24.1B	27B	32.8B	35.6B
Net debt	7.7B	6.8B	7B	7.2B	7.3B	28.6B	22.8B	25.7B	31.3B	33.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	10.4B	9.8B	16.4B	10.5B	11.7B	11.2B	12.5B	10.4B	10.1B	7.1B	6.7B	6.6B
Receivables	289.9M	384.4M	376.6M	373.2M	406.2M	496.2M	390.4M	377M	368.8M	654.9M	409.7M	251.2M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	104.4M	144.2M	135.7M	142.4M	172M	169.7M	180M	179.4M	183M	206.1M	191.1M	183.2M
Goodwill & intangibles	17.8B	17.9B	18.4B	20.4B	19.5B	21.6B	21.2B	21.6B	21.6B	22.1B	23.1B	24.1B
Total assets	—	—	42.1B	42B	42.3B	46B	45.3B	44.3B	47.2B	53.1B	53.4B	54.1B
Accounts payable	393.2M	331.8M	262M	388.2M	386.4M	394M	352.9M	347.3M	880.8M	417.7M	431M	387.5M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	24.2B	27B	29.7B	30.1B	29.8B	32.8B	32.4B	31.4B	32.5B	35.6B	35.3B	36.2B
Total liabilities	—	—	—	34.6B	34.5B	38.2B	37.2B	36B	38.3B	43.8B	43.9B	44.7B
Shareholders' equity	7.3B	7.1B	7.2B	7.4B	7.8B	7.9B	8.1B	8.3B	8.9B	9.3B	9.5B	9.4B
Total debt	24.2B	27B	29.7B	30.1B	29.8B	32.8B	32.4B	31.4B	32.5B	35.6B	35.3B	36.2B
Net debt	23B	25.7B	28.5B	28.8B	28.1B	31.3B	30.9B	29.8B	30.9B	33.8B	33.7B	34.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	582.7M	1B	1B	605.9M	-1.4B	805.6M	983.3M	630.7M	941.5M	718.1M
Depreciation & amortization	—	—	—	113K	625K	6.1M	—	—	—	—
Stock-based compensation	300K	699K	1M	1.1M	1.2M	1.1M	—	—	—	—
Change in working capital	227.4M	-62.9M	177.2M	-121.5M	442.2M	1.2B	368.8M	-413.7M	-286M	-84.1M
Operating cash flow	579.2M	-496.6M	-1.3B	-1.2B	2.1B	5.4B	6.7B	1.1B	-1.6B	-1.3B
Capital expenditure	—	—	—	—	—	—	—	—	—	—
Investing cash flow	218.8M	-90.8M	-4.3B	-10B	8.7B	3.1B	331.5M	1B	-2.8B	5B
Dividends paid	-433.4M	-570.2M	-661.9M	-817.1M	-383.6M	-438.5M	-558.3M	-570.9M	-588.1M	-643.2M
Share repurchases	—	—	0	0	-7.5M	0	-5.2M	0	0	-50M
Financing cash flow	-1.4B	-806.2M	-5.8B	-32.8B	-65.3B	-131.7B	-89.5B	-42.2B	5.7B	4B
Net change in cash	-619.9M	-1.4B	-11.4B	-44B	-54.4B	-123.2B	-82.5B	-40.1B	1.3B	7.7B
Free cash flow	32M	-2.6B	-2.4B	-3B	1.3B	3.4B	5.8B	693.6M	-2.3B	-1.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	221.2M	-67.2M	287.5M	238.5M	123.6M	291.9M	80.7M	318M	228.8M	90.6M	109.5M	67.9M
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-38.8M	-768.7M	203.1M	167M	-149.8M	-506.4M	311.2M	317.4M	-9.5M	-654.9M	-54.3M	512.8M
Operating cash flow	438.6M	-238.1M	-999.8M	132.7M	1.2B	-2.1B	1.8B	-695.5M	-2B	-114.6M	100.7M	174.1M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	-907.9M	3.6B	-2.8B	1.8B	-1.9B	556.6M	-851.3M	1.7B	1.2B	3B	195.6M	-497.8M
Dividends paid	-143.3M	-143.3M	-143.3M	-143.3M	-145.5M	-155.9M	-157M	-159.2M	-160.6M	-166.4M	-172.5M	-174.4M
Share repurchases	0	0	—	—	—	—	-50M	0	0	0	0	0
Financing cash flow	-12.8B	-9.2B	-9.6B	1.2B	-1.1B	3.2B	-1.2B	789.9M	2.3B	2.1B	392.9M	1.3B
Net change in cash	-13.3B	-5.8B	-13.4B	3.2B	-1.8B	1.6B	-229.4M	1.8B	1.4B	5B	689.2M	950.5M
Free cash flow	509M	-565.9M	-1.3B	-10M	767.8M	-1.8B	1.4B	-557.1M	-2B	-114.6M	98.3M	172.5M

Rithm Capital Corp. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history