Earnings Releases·Oct 23, 2026, 7:24 AM ET

Rithm Capital Corp. — Third Quarter 2026 Earnings Summary

GAAP net income surged to $217.1 million ($0.38/share) from $20.2 million in Q2 2026, while total revenue rose 38% quarter-over-quarter to $1.76 billion; however, earnings available for distribution (non-GAAP) declined 7% to $315.3 million ($0.55/share) from $338.9 million in Q2 2026.
Balance sheet growth continued with total assets increasing to $56.66 billion and stockholders' equity rising to $8.62 billion as of September 30, 2026, while the common dividend remained consistent at $0.25 per share.
Strategic activity included a 25% year-over-year increase in Genesis origination volume to $1.5 billion, the completion of a $375 million multifamily RTL securitization, and Newrez pre-tax operating income rising to $329.7 million despite a 19% quarter-over-quarter drop in origination funded production.
Asset Management AUM held steady at $61 billion with $569 million in new inflows, while Elecor reported 22% higher rents and Newrez expanded its home improvement loan portfolio through amended forward flow agreements and additional securitizations.