Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
RITMRithm Capital Corp.
The four financial statements
Every company that sells shares in the US files four statements with the SEC. Together they show whether Rithm Capital made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Rithm Capital filed it, with what each one means in plain English.
As filed with the SEC on Feb 19, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Did it make money?
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
- People usually check: Are sales growing compared with a year earlier?
- People usually check: How much of each dollar of sales is left at each step (the margins)?
- People usually check: Is profit growing faster or slower than sales?
Point at or tap a bar to see the lines inside it.
Out of every $100 of sales
- costs, and money set aside for bad loans: $82
- income tax: $2
- kept as profit: $15.2
Every line, explained
| Line (tap for what it means) | 3 months to Dec 31, 2025 | 3 months to Sep 30, 2025 | 3 months to Jun 30, 2025 | 3 months to Mar 31, 2025 | 3 months to Dec 31, 2024 | 3 months to Sep 30, 2024 | 3 months to Jun 30, 2024 | 3 months to Mar 31, 2024 | 3 months to Dec 31, 2023 | 3 months to Sep 30, 2023 | 3 months to Jun 30, 2023 | 3 months to Mar 31, 2023 | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Origination And Servicing, Investment Portfolio, Mortgage Loans Receivable And Corporate | |||||||||||||||
| – | – | – | – | – | – | – | – | – | – | – | – | $4.6B▼ 6.7% | $4.9B | $3.7B | |
| Expenses | |||||||||||||||
| – | – | – | – | – | – | – | – | – | – | – | – | $1.7B▼ 9.4% | $1.8B | $1.4B | |
| – | – | – | – | – | – | – | – | – | – | – | – | $1.0B▲ 16% | $868.5M | $761.1M | |
| – | – | – | – | – | – | – | – | – | – | – | – | $1.3B▲ 16% | $1.1B | $787.1M | |
| – | – | – | – | – | – | – | – | – | – | – | – | $4.0B▲ 4.0% | $3.8B | $2.9B | |
| Other Income (Loss) | |||||||||||||||
| – | – | – | – | – | – | – | – | – | – | – | – | $125.9M▲ 73% | $72.6M | $10.1M | |
| – | – | – | – | – | – | – | – | – | – | – | – | $83.2M▲ 45% | $57.3M | −$40.4M | |
| – | – | – | – | – | – | – | – | – | – | – | – | $209.0M▲ 61% | $129.9M | −$30.3M | |
| – | – | – | – | – | – | – | – | – | – | – | – | $806.4M▼ 33% | $1.2B | $752.8M | |
| – | – | – | – | – | – | – | – | – | – | – | – | $88.3M▼ 67% | $267.3M | $122.2M | |
| – | – | – | – | – | – | – | – | – | – | – | – | $718.1M▼ 24% | $941.5M | $630.7M | |
| – | – | – | – | – | – | – | – | – | – | – | – | $8.8M▼ 12% | $10.0M | $8.4M | |
| – | – | – | – | – | – | – | – | – | – | – | – | $12.2M | $0 | $0 | |
| – | – | – | – | – | – | – | – | – | – | – | – | $697.1M▼ 25% | $931.5M | $622.3M | |
| – | – | – | – | – | – | – | – | – | – | – | – | $15.6M | $0 | $0 | |
| – | – | – | – | – | – | – | – | – | – | – | – | $114.2M▲ 18% | $96.5M | $89.6M | |
| – | – | – | – | – | – | – | – | – | – | – | – | $567.2M▼ 32% | $835.0M | $532.7M | |
| Net Income per Share of Common Stock | |||||||||||||||
| – | – | – | – | – | – | – | – | – | – | – | – | $1.05▼ 38% | $1.69 | $1.11 | |
| – | – | – | – | – | – | – | – | – | – | – | – | $1.04▼ 38% | $1.67 | $1.10 | |
| Weighted Average Number of Shares of Common Stock Outstanding | |||||||||||||||
| – | – | – | – | – | – | – | – | – | – | – | – | 537.9M shares▲ 8.6% | 495.5M shares | 481.9M shares | |
| – | – | – | – | – | – | – | – | – | – | – | – | 546.1M shares▲ 9.3% | 499.6M shares | 483.7M shares | |
| $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $0.25 | $1.00 | $1.00 | $1.00 | |
Split by Servicing fee revenue, net and interest income from MSRs and MSR financing receivables, Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(746,006), $(602,241) and $(518,978), respectively), Servicing revenue, net, Interest income and more
| Servicing fee revenue, net and interest income from MSRs and MSR financing receivables | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales (Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues) | – | – | – | – | – | – | – | – | – | – | – | – | $2.3B | $2.0B | $1.9B |
| Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(746,006), $(602,241) and $(518,978), respectively) | |||||||||||||||
| Sales (Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues) | – | – | – | – | – | – | – | – | – | – | – | – | −$1.2B | −$455.9M | −$595.2M |
| Servicing revenue, net | |||||||||||||||
| Sales (Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues) | – | – | – | – | – | – | – | – | – | – | – | – | $1.1B | $1.5B | $1.3B |
| Interest income | |||||||||||||||
| Sales (Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues) | – | – | – | – | – | – | – | – | – | – | – | – | $1.9B | $1.9B | $1.6B |
| Gain on originated residential mortgage loans, held-for-sale, net | |||||||||||||||
| Sales (Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues) | – | – | – | – | – | – | – | – | – | – | – | – | $729.5M | $682.5M | $533.5M |
| Other revenues | |||||||||||||||
| Sales (Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues) | – | – | – | – | – | – | – | – | – | – | – | – | $238.9M | $227.5M | $236.2M |
| Asset Management | |||||||||||||||
| Sales (Total Revenues) | – | – | – | – | – | – | – | – | – | – | – | – | $627.0M | $520.3M | $82.7M |
Every line as the company filed it (USD ($), $ in Thousands), shown in full dollars. See this statement on SEC.
Extra: What other gains and losses were there?Statement of comprehensive income: Profit, plus gains and losses that skip the income statement.
Some value changes don't count as profit yet: currency moves on businesses abroad, rises or falls in investments it hasn't sold, and some hedges and pension changes. They are added to profit here to give comprehensive income, and they build up in shareholders' equity.
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | |||
| $718.1M | $941.5M | $630.7M | |
| Other Comprehensive Income (Loss) | |||
| $16.6M | $8.9M | $5.4M | |
| $3.6M | −$1.7M | $586.0K | |
| $738.3M | $948.7M | $636.7M | |
| $8.8M | $10.0M | $8.4M | |
| $12.2M | $0 | $0 | |
| $717.3M | $938.7M | $628.3M | |