RITM · Rithm Capital Corp.
Price & Indicators
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AI Brief
Q2 FY26 earnings call · Jul 28, 2026TL;DR. Rithm Capital reported Q2 EAD of $338.9 million ($0.60/share) and $20.2 million GAAP net income, with asset management AUM rising to $61 billion on $1.9 billion of gross inflows and Genesis posting its strongest origination quarter ever, while management declined to consider share buybacks or dividend increases and the stock trades at a low valuation multiple.
- + Earnings available for distribution of $338.9 million ($0.60 per diluted share) in Q2. new
- + Genesis delivered its strongest origination quarter ever. new
- + Newrez posted a 22% annualized operating return on equity. new
- + Asset management revenue rose ~34% QoQ to $141 million on higher incentive fees. new
- + Elecor leasing achieved rents 32% higher in NYC vs FY 2025 and closed a $283 million refinancing. new
- − GAAP net income fell sharply to $20.2 million ($0.04/share) from $67.8 million ($0.12/share) in Q1. new
- − Management stated they are unlikely to buy back stock at current levels. new
- − Management indicated no dividend increase, preferring to redeploy capital. new
- − Stock trades at a low valuation multiple with management 'not thrilled' with the share price. new
- − Dividend yield of 10.6% is viewed by management as too high relative to earnings. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Loans originated | $1.89B | Three Months Ended June 30, 2026 filing | — |
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| Number of loans originated | 516 | Three Months Ended June 30, 2026 filing | — |
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| Asset management revenue | 141M | Q2 2026 | — |
| Book value per common share | $12.33 | Q2 2026 | — |
| Cumulative home improvement loans purchased (Upgrade forward flow) | 970M | Q2 2026 | — |
| Earnings Available for Distribution non-GAAP | $338.9M | Q2 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net income attributable to common stockholders 20.19M
+181.11M Realized and unrealized losses, net, including MSR change in valuation inputs and assumptions
+14.21M Other loss, net
+87.91M Depreciation and amortization
+21.87M Non-capitalized transaction-related expenses
+13.64M Deferred taxes
= Earnings available for distribution 338.93M
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| Earnings Available for Distribution per Diluted Common Share non-GAAP | $0.6 | Q2 2026 | — |
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| Genesis Capital new sponsors funded | 125 | Q2 2026 | — |
| Genesis Capital origination volume | 1.9B | Q2 2026 | — |
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| Newrez annualized operating return on equity non-GAAP | 22% | Q2 2026 | — |
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| NQM securitizations UPB | 1.4B | Q2 2026 | — |
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| Origination and Servicing segment equity non-GAAP | 5.7B | Q2 2026 | — |
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| Third-party servicing UPB | 268.4B | Q2 2026 | — |
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| Assets under management | 60B | Q1 2026 | — |
| Genesis Capital new sponsors | 118 | Q1'26 | — |
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| Newrez pre-tax operating income non-GAAP | 273.7M | Q1'26 | — |
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| Rithm Asset Management assets under management | 59B | Q1 2026 | — |
| Sculptor Capital CLO AUM | 400M | Q1 2026 | — |
| Total sponsors funded | 266 | Q1 2026 | — |
| CLO transactions | 14 | Full Year 2025 | — |
| Crestline AUM | 18B | As of September 30, 2025 | — |
| EAD return on equity non-GAAP | 19% | Full Year 2025 | — |
| Investable assets | 100B | Full Year 2025 | — |
| Newrez annualized operating ROE non-GAAP | 17% | Q4 2025 | — |
| Newrez operating ROE non-GAAP | 20% | Full Year 2025 | — |
| Newrez Origination and Servicing segment equity non-GAAP | 5.8B | Full Year 2025 | — |
| Origination funded production volume | 63.3B | Full Year 2025 | — |
| Sculptor Capital AUM | 38B | As of December 31, 2025 | — |
| Sculptor Capital gross fundraising inflows | 5.8B | Full Year 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Mortgage — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
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RITM
this stock
Rithm Capital Corp.
|
$5.63B | -7.5% | -6.7% | 16.8 | 5.8% |
|
NLY
Annaly Capital Management Inc
|
$17.37B | +3.0% | — | — | 2.7% |
|
AGNC
AGNC Investment Corp.
|
$12.72B | +0.1% | — | — | 8.9% |
|
STWD
Starwood Property Trust, Inc.
|
$5.85B | -12.2% | -5.3% | — | 4.6% |
|
DX
Dynex Capital Inc
|
$3.19B | -7.9% | — | — | 5.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| RITM | -1.1% | +2.0% | +2.4% | +2.0% | -7.5% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | -1.6% | -1.0% | -11.0% | -1.0% | -20.3% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.