Rithm Capital Corp. (RITM) Earnings
Rithm Capital Corp. is expected to report next earnings on July 27, 2026 (in NaN days), with a consensus EPS estimate of $0.54. RITM has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +11.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $0.53 | $0.51 | -3.8% | $1.4B | +8.7% |
| Feb 3, 2026 | $0.55 | $0.74 | +34.5% | $1.7B | +36.6% |
| Oct 30, 2025 | $0.54 | $0.54 | +0.0% | $1.3B | +7.2% |
| Apr 25, 2025 | $0.45 | $0.52 | +15.6% | $493M | -57.6% |
| Feb 6, 2025 | $0.44 | $0.60 | +36.4% | $1.1B | -10.2% |
| Jul 31, 2024 | $0.42 | $0.47 | +11.9% | $1.1B | +129.4% |
| Apr 30, 2024 | $0.37 | $0.48 | +29.7% | $554M | +12.8% |
| Feb 7, 2024 | $0.35 | $0.51 | +45.7% | $16M | -96.4% |
| Oct 26, 2023 | $0.34 | $0.58 | +70.6% | $650M | +67.5% |
| Aug 2, 2023 | $0.35 | $0.62 | +77.1% | $814M | +117.7% |
| May 4, 2023 | $0.32 | $0.35 | +9.4% | $429M | +14.6% |
| Feb 8, 2023 | $0.29 | $0.33 | +13.8% | $485M | -36.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 28, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Credit markets: Activity levels robust, well-positioned to deploy capital, low software exposure, no notable credit defaults, no systemic risk in private credit. Asset management: Sculptor and Crestline as complementary strategies, global investors. Real estate: Elacor rebranded, New York ~93% leased, San Francisco active due to AI boom. Genesis Capital: Best quarter but won't sacrifice credit for production. New Res Mortgage:优异季度表现, 2026 strategy focuses on revenue growth and expense reduction. Investment portfolio: Active in non-QM business.
Guidance
Genesis Capital expects $6.5 - $7 billion production in 2026, $150 - $175 million EBITDA; New Res Mortgage to drive returns through revenue growth and operating expense reduction; Asset management to continue deploying capital to take advantage of market dislocations and expect asset management business growth to enhance FRE and company valuation.
Segment performance
Asset management: Sculptor Real Estate Fund 5 committed $1 billion in Q1 2026 loans, Sculptor had gross inflows of $600 million, ending Q1 with $37 billion AUM; Crestline overall performance excellent, management fee revenue grew 16% y-o-y; Genesis Capital had best quarter in history, did $1.6 billion in Q1, added 118 new sponsors; New Res Mortgage servicing portfolio ended Q1 ~$850 billion, funded volume $15.5 billion, pre-tax income $274 million, 19% annualized operating ROE; Investment portfolio active in non-QM business, $2 billion securitization, $3 billion investment in mortgage assets, $6.67 billion purchase of home improvement loans since Q3.
Risks & headwinds
Private credit retail products have education issues, some have redemption limits; Software exposure may affect institutional investor demand; Bank capital rule changes may impact mortgage and servicing markets; Consumer sentiment and policy changes may affect Genesis Capital business.
Analyst Q&A
Q: Crispin Love asked about fundraising momentum in asset management business and simplifying the story.
A: Sculptor raised $4.6 billion, ABF adoption high, mortgage company story to be simplified, asset management business growth to separate from REIT.
Q: Bose George asked about gain on sale margin in New Res Mortgage.
A: Mix of factors, normalized margins.
Q: Doug Harder asked about ELICOR bringing in third-party capital.
A: Closed deal in Dec, created $40 million savings, doing JV relationships.
Q: Marissa Lobo asked about Genesis Capital construction loans.
A: Diligent underwriting, no real change in credit discipline.
Q: Trevor Cranston asked about bank capital rule changes impact.
A: Should help MBS market, banks likely to come back.
Q: Kenneth Lee asked about New Res Mortgage AI benefits and Crestline institutional investor demand.
A: AI benefits materialize in third quarter, institutional demand still exists for direct lending.
Q: Henry Coffee asked about business performance and depreciation.
A: Depreciation includes Elacor and Adore portfolio, Adore portfolio sold down retail.