Revenue: As of FY2026 Q2, the actual value is USD 1.282 B.

EPS: As of FY2026 Q2, the actual value is USD 0.04.

EBIT: As of FY2026 Q2, the actual value is USD 550.97 M.

Financial Highlights (Q2 2026 vs. Q1 2026)

GAAP Net Income

• GAAP net income was $20.2 million in Q2 2026, a decrease from $67.8 million in Q1 2026.
• Net Income Attributable to Common Stockholders was $20,193 thousand in Q2 2026, compared to $67,831 thousand in Q1 2026.

Earnings Available for Distribution (Non-GAAP)

• Earnings available for distribution were $338.9 million in Q2 2026, an increase from $289.6 million in Q1 2026.

Common Dividend

• The common dividend was $139.6 million in both Q2 2026 and Q1 2026.

Book Value

• Book value per common share was $12.33 as of June 30, 2026.

Consolidated Operations (Q2 2026 vs. Q1 2026)

• Total Revenue: $1,282,281 thousand in Q2 2026, down from $1,384,710 thousand in Q1 2026.
• Total Operating Expenses: $1,275,487 thousand in Q2 2026, up from $1,237,718 thousand in Q1 2026.
• Income before Income Taxes: $86,886 thousand in Q2 2026, compared to $154,240 thousand in Q1 2026.
• Income tax expense: $18,973 thousand in Q2 2026, down from $44,762 thousand in Q1 2026.

Segment Performance (Q2 2026)

Origination and Servicing

• Total Revenue: $704,211 thousand.
• Servicing fee revenue, net and interest income from MSRs and MSR financing receivables: $614,637 thousand.
• Change in fair value of MSRs and MSR financing receivables, net of economic hedges: - $392,875 thousand.
• Servicing revenue, net: $221,762 thousand.
• Interest income: $252,496 thousand.
• Gain on originated residential mortgage loans, held-for-sale, net: $204,731 thousand.
• Other residential-related revenue: $25,222 thousand.
• Total Operating Expenses: $592,027 thousand.
• Income before Income Taxes: $113,120 thousand.
• Newrez, Rithm Capital Corp.’s mortgage origination and servicing platform, posted pre-tax operating income of $307.6 million in Q2 2026, excluding MSRs mark-to-market loss, net of hedges, and other non-operating items of - $194.5 million.
• This is an increase from $273.7 million in Q1 2026, excluding MSRs MTM loss, net of hedges, and other non-operating items of - $23.1 million.
• Newrez generated a 22% annualized operating return on equity in Q2 2026.
• Total servicing unpaid principal balance reached $865.2 billion at the end of Q2 2026, including $268.4 billion UPB of third-party servicing.
• Origination funded production volume was $15.9 billion in Q2 2026, a 3% increase quarter over quarter and a 2% decrease year over year.

Residential Transitional Lending

• Total Revenue: $103,587 thousand.
• Interest income: $103,587 thousand.
• Total Operating Expenses: $73,917 thousand.
• Income before Income Taxes: $37,015 thousand.
• Genesis Capital LLC recorded Q2 2026 origination volume of $1.9 billion, a 52% year-over-year increase.
• Genesis Capital expanded its sponsor base by 125 new sponsors in Q2 2026, a 46% increase year over year.

Asset Management

• Total Revenue: $168,740 thousand.
• Management fees: $88,789 thousand.
• Incentive fees: $51,743 thousand.
• Asset management revenue: $140,532 thousand.
• Total Operating Expenses: $198,564 thousand.
• Income before Income Taxes: $14,028 thousand.
• Rithm Asset Management had approximately $61 billion of assets under management (AUM) as of June 30, 2026, up from $59 billion at the end of Q1 2026.
• This increase was driven by $1.9 billion of gross inflows and new fund commitments in Q2 2026.
• Asset management revenue was $141 million in Q2 2026, up from approximately $105 million in Q1 2026, representing a 34% quarter-over-quarter increase due to higher incentive fee income.

Investment Portfolio

• Total Revenue: $117,041 thousand.
• Interest income: $85,428 thousand.
• Gain on originated residential mortgage loans, held-for-sale, net: $2,275 thousand.
• Other residential-related revenue: $29,338 thousand.
• Total Operating Expenses: $115,590 thousand.
• Income before Income Taxes: $31,497 thousand.
• Rithm Capital Corp. sponsored and completed three non-qualified mortgage securitizations in Q2 2026, totaling $1.4 billion in unpaid principal balance.
• The company acquired $303 million in home improvement loans in Q2 2026, bringing the total purchased to $970 million through quarter-end.
• An inaugural $316 million securitization of home improvement loans was completed.

Commercial Real Estate

• Total Revenue: $186,011 thousand.
• Commercial real estate revenue: $182,130 thousand.
• Total Operating Expenses: $218,753 thousand.
• Income before Income Taxes: - $34,838 thousand.
• Elecor increased year-to-date leasing activity to 681 thousand square feet, achieving rents 32% higher in New York City and 1% higher in San Francisco compared to FY 2025.
• Rithm Capital Corp. closed on a previously announced $283 million refinancing of 1325 Avenue of the Americas.

Corporate Category

• Total Revenue: $2,691 thousand.
• Total Operating Expenses: $76,636 thousand.
• Income before Income Taxes: - $73,936 thousand.

Management Outlook

• CEO Michael Nierenberg expressed confidence in Rithm Capital Corp.’s positioning and future opportunities, highlighting strong performance across all pillars.
• He cited significant momentum in the owner-operator platform, including growth in asset management, record origination for Genesis, Newrez’s operating return on equity, and Elecor’s leasing momentum.
• Rithm Capital Corp. anticipates continued client engagement and growth despite an uncertain macro environment.