Filing Flows › Rithm Capital (RITM) › Q2 2026 › vs Q1 2026
Rithm Capital (RITM) Q2 2026 vs Q1 2026 (quarter over quarter)
Rithm Capital's revenue fell $98.0M (-7%) from $1.4B in Q1 2026 to $1.3B in Q2 2026. Operating margin 6.8% against 11.2% (-4.4 pts).
Rithm Capital, Q2 2026: revenue $1.3B (+5% year over year), operating margin 6.8%, net earnings $56.3M, operating cash flow $174M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 6.8% | 11.2% | -4.4 pts |
| Net margin | 4.4% | 7.4% | -3.0 pts |
| Free cash flow margin | 9.6% | 4.4% | +5.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | −$98.0M | -7% |
| Operating profit | $86.9M | $154M | −$67.4M | -44% |
| Costs & expenses | $1.2B | $1.2B | −$30.6M | -2% |
| Pre-tax earnings | $86.9M | $154M | −$67.4M | -44% |
| General & admin | $307M | $336M | −$28.7M | -9% |
| Other operating costs | $888M | $890M | −$1.9M | -0.2% |
| Net earnings | $56.3M | $103M | −$46.4M | -45% |
| Minority interests | $11.6M | $6.8M | $4.8M | +71% |
| Income tax | $19.0M | $44.8M | −$25.8M | -58% |
| Depreciation & amortization | $93.5M | $92.6M | $903K | +1% |
| Working capital & other | $24.2M | −$94.6M | $119M | — |
| Operating cash flow | $174M | $101M | $73.4M | +73% |
| Free cash flow (OCF − capex) | $123M | $61.0M | $62.2M | +102% |
| Capital expenditures | $50.9M | $39.7M | $11.2M | +28% |
Questions
How much did Rithm Capital's revenue grow quarter over quarter in Q2 2026?
Rithm Capital's revenue fell $98.0M (-7%) from $1.4B in Q1 2026 to $1.3B in Q2 2026. Operating margin 6.8% against 11.2% (-4.4 pts).