Rithm Capital (RITM) Q3 2026 Earnings
How Did RITM Stock React to Q3 2026 Earnings?
Did RITM Beat Earnings? Q3 2026 Results
Yes. Rithm Capital reported Q3 2026 earnings of $0.55 a share on Oct 23, 2026, beating the $0.49 consensus estimate by 11.3%. Revenue was $1.8B against a $1.5B estimate.
Rithm Capital Corp. delivered a strong beat across the board in Q3 2026, with adjusted earnings per share of $0.55 clearing the $0.49 consensus by 11.34% and revenue of $1.76 billion topping estimates by 19.88% while climbing 31.7% year over year. The headline driver was a dramatic swing in mortgage servicing rights valuations, as servicing revenue net shifted from negative $392.88 million in Q2 to a positive $121.28 million in Q3 amid favorable interest rate moves, lifting total revenue from $1.28 billion the prior quarter. GAAP net income rebounded sharply to $217.13 million, or $0.38 per diluted share, compared to just $20.19 million in Q2, though a $254.72 million non-cash deferred tax charge widened the gap between reported and distributable results. Beyond servicing, the quarter saw broad momentum: Genesis Capital originated $1.50 billion in residential transitional loans, the asset management platform held roughly $61.00 billion in AUM, and total assets expanded to $56.66 billion, with book value per share at $12.51.
- Newrez generated a 24% annualized operating ROE on $5.5 billion of average segment equity
- Favorable MSR valuation changes swung from losses to gains, boosting GAAP net income
- Genesis Capital origination volume grew 25% year-over-year to $1.5 billion
- Total servicing UPB reached $878.9 billion including $282.8 billion of third-party servicing
- Elecor achieved rents 22% higher across the portfolio compared to FY 2025
“Rithm's strong third quarter results reflect disciplined execution across every part of our platform. We continued to scale our asset management business, closing new funds and growing a more durable, fee-based earnings stream, while our operating companies delivered: Newrez generated a 24% annualized operating return on equity, Genesis reached year-to-date originations of $5.0 billion, and Elecor expanded its third-party capital base by executing a joint venture for a core NYC property, while signing 320,000 square feet of new leases. Our businesses continue to perform, and the strength and breadth of our platform position us well as we enter the fourth quarter with significant momentum and opportunity ahead for our shareholders, clients, and partners.”
Rithm Capital CEO, on the earnings call
RITM YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $1.8B | $1.3B | +31.7% |
| Operating Income | $479.9M | $655.3M | −26.8% |
| Net Income | $217.1M | $221.5M | −2.0% |
RITM Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.