Rithm Capital
Combines mortgage servicing, transitional lending, investment portfolios, and alternative asset management.
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Profile
Generates business through mortgage origination and servicing, transitional lending, investments, and asset management. Its owner-operator structure pairs operating platforms with portfolios in real estate and credit.
Mortgage origination and servicing through Newrez sit beside residential transitional lending through Genesis and investments in mortgage servicing rights and structured credit.
Asset-based finance, residential and commercial real-estate lending, credit and real-estate investments, and alternative asset management make up the owner-operator platform. The 2022 internalization replaced an external manager, while the 2023 Sculptor acquisition added a global manager across credit, real estate and multi-strategy mandates.
Crestline, Sculptor and Elecor Properties extend asset-management and commercial-real-estate capabilities. The business depends on operating platforms that create and service assets as well as on investment portfolios.
Company facts
Categories
Key statistics
Year to date −8.2% · Average volume (30d) 5.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 21, 2026 | UBS | Reiterate | Buy | $14.50 | $14 |
| Jun 16, 2026 | BTIG | Reiterate | Buy | $16 | $13 |
| May 1, 2026 | Wedbush | Reiterate | Outperform | $14 | $12.50 |
| Apr 10, 2026 | UBS | Reiterate | Buy | $15 | $14.50 |
| Apr 9, 2026 | Capital One Financial | Target | $12.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.50 | $0.60 | +20.7% | $1.43B | $1.28B | −10.1% | +2.15% |
| Apr 28, 2026Q1 FY26 | $0.53 | $0.51 | −3.8% | $1.27B | $1.38B | +8.7% | −1.93% |
| Feb 3, 2026Q4 FY25 | $0.55 | $0.74 | +34.5% | $1.37B | $1.29B | −5.5% | −1.55% |
| Oct 30, 2025Q3 FY25 | $0.54 | $0.54 | 0.0% | $1.24B | $1.33B | +7.2% | −0.18% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.32B | $1.23B | $1.33B | $1.66B | $1.38B | $1.28B | |
| Gross profit | $1.23B | $1.15B | $1.23B | $1.51B | $949.6M | $818.2M | |
| Operating income | $490.5M | $741.4M | $655.3M | $646.3M | $142.5M | $6.8M | |
| Net income | $63.2M | $311.7M | $221.5M | $85.0M | $109.5M | $56.3M | |
| Diluted EPS | $0.07 | $0.53 | $0.35 | $0.09 | $0.12 | $0.04 | |
| Gross margin | 93.0% | 92.8% | 92.3% | 90.9% | 68.8% | 63.8% | |
| Operating margin | 37.1% | 60.1% | 49.1% | 38.9% | 10.3% | 0.5% |
Fiscal years (4-quarter sums)FY21 $2.83B · FY22 $2.46B · FY23 $3.69B · FY24 $4.87B · FY25 $5.55B
Revenue by product · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $6.55B · Total debt $40.23B · Total assets $54.11B · Shareholders' equity $8.52B
Dividends
Raised for 5 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 2, 2026 | Jul 2 | Jul 31 | $0.25 | |
| Apr 6, 2026 | Apr 6 | Apr 30 | $0.25 | |
| Dec 31, 2025 | Dec 31 | Jan 30 | $0.25 | |
| Oct 1, 2025 | Oct 1 | Oct 31 | $0.25 | |
| Jun 30, 2025 | Jun 30 | Jul 31 | $0.25 | |
| Mar 31, 2025 | Mar 31 | Apr 30 | $0.25 | |
| Dec 31, 2024 | Dec 31 | Jan 31 | $0.25 | |
| Oct 1, 2024 | Oct 1 | Nov 1 | $0.25 |
Ownership
Shares outstanding 558.41M · Float 555.93M · 99.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 70.90M | 12.70% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 28.80M | 5.16% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 25.13M | 4.50% | 13F | Aug 13, 2026 |
| State Street Corp | 18.68M | 3.35% | 13F | Aug 7, 2026 |
| Wellington Management Group LLP | 11.62M | 2.08% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Peggy Hwan Hebard | director | −14,520 | $10.18 |
| May 20, 2026 | David Saltzman | director | −80,922 | $9.25 |
| Feb 27, 2026 | David Zeiden | officer: Chief Legal Officer | −9,217 | $10.11 |
| Nov 14, 2025 | David Zeiden | officer: Chief Legal Officer | −19,285 | $11.11 |
| Nov 5, 2025 | Michael Nierenberg | director, officer: Chief Executive Officer | −301,548 | $11.00 |
Peers
- PennyMac Financial Services
Multichannel mortgage production, servicing and MSR overlap
- Rocket Companies
Large mortgage originator and servicer across homeownership services
- UWM
Wholesale mortgage lending and mortgage servicing-rights overlap
- TWO
MSR-focused REIT with residential mortgage-assets and servicing overlap
- Onity Group
Non-bank mortgage servicing and origination overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Rithm Capital | $10.09 | +0.05% | $5.63B | 16.8 | 4.5 | 1.0 | +205.4% |
| PennyMac Financial Services | $73.05 | −0.43% | $3.81B | 10.1 | 8.7 | 0.8 | −52.2% |
| Rocket Companies | $13.80 | +0.22% | $38.89B | 94.3 | 19.0 | 4.0 | +113.7% |
| UWM | $1.48 | −0.67% | $2.26B | — | 5.3 | 0.7 | −79.3% |
| TWO | $12.18 | +1.08% | $1.28B | — | 10.9 | 1.5 | — |
| Onity Group | $35.42 | +0.25% | $298.7M | 2.3 | 7.4 | 0.2 | +1.5% |
| Median | 10.1 | 8.7 | 0.8 | −25.4% |