Filing Flows › Rithm Capital (RITM) › Q2 2026
Rithm Capital (RITM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Rithm Capital (RITM) reported revenue of $1.3B for the second quarter 2026 (Q2 2026), +5% from a year earlier and -7% from the quarter before. Operating margin was 6.8%, net earnings $56.3M (4.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -7% | +5% |
| Operating profit | $86.9M | -44% | -72% |
| Net earnings | $56.3M | -45% | -82% |
| Operating cash flow | $174M | +73% | — |
| Free cash flow | $123M | +102% | — |
What changed
Revenue was $1.3B in Q2 2026, up 5% year over year and down 7% from the previous quarter. Interest income was the largest line at 37% of revenue. Gain on originated residential mortgage loans, held-for-sale, net added $0.04B year over year (up 22%), 57% of the total change. Servicing revenue, net declined 47%.
Operating profit was $0.09B, a 6.8% margin (down 18.4 points year over year). Operating profit fell $0.22B even though revenue rose $0.07B versus Q2 2025, so costs grew faster than sales. Total costs grew 31% against revenue growth of 5%. The fastest-growing cost line was General & admin (+42%). Net earnings were $0.06B, down 82% year over year. The effective tax rate was 21.8%.
Operating cash flow was $0.17B, 256% of net income including minority interests. Non-cash charges added back $0.09B of depreciation and amortization. Working capital and other items added $0.01B. Capital expenditures of $0.05B left free cash flow of $0.12B.
Questions
What was Rithm Capital's revenue in the second quarter 2026?
Rithm Capital (RITM) reported revenue of $1.3B for the second quarter 2026 (Q2 2026), +5% from a year earlier and -7% from the quarter before.
Was Rithm Capital profitable in the second quarter 2026?
Operating profit was $86.9M (6.8% of revenue) and net earnings $56.3M.
Source: Rithm Capital 10-Q on SEC EDGAR.