Filing Flows › Rithm Capital (RITM) › Q1 2025
Rithm Capital (RITM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Rithm Capital (RITM) reported revenue of $768M for the first quarter 2025 (Q1 2025), -39% from a year earlier and -63% from the quarter before. Operating margin was 7.4%, net earnings $78.8M (10.3% of revenue).
Rithm Capital, Q1 2025: revenue $768M (-39% year over year), operating margin 7.4%, net earnings $78.8M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $768M | -63% | -39% |
| Operating profit | $56.8M | -88% | -85% |
| Net earnings | $78.8M | -73% | -72% |
| Operating cash flow | $1.4B | — | — |
What changed
Revenue was $768.4M in Q1 2025, down 39% year over year and down 63% from the previous quarter.
Operating profit was $56.8M, a 7.4% margin (down 22.8 points year over year). Total costs fell 19% while revenue fell 39%. The fastest-growing cost line was General & admin (+16%). Net earnings were $78.8M, down 72% year over year. The effective tax rate was -42.1%.
Operating cash flow was $1,421.3M, 1761% of net income including minority interests. Non-cash charges added back $24.6M of depreciation and amortization. Working capital and other items added $1,316.0M.
Questions
What was Rithm Capital's revenue in the first quarter 2025?
Rithm Capital (RITM) reported revenue of $768M for the first quarter 2025 (Q1 2025), -39% from a year earlier and -63% from the quarter before.
Was Rithm Capital profitable in the first quarter 2025?
Operating profit was $56.8M (7.4% of revenue) and net earnings $78.8M.
Source: Rithm Capital 10-Q on SEC EDGAR.