Filing Flows › Rithm Capital (RITM) › Q3 2025
Rithm Capital (RITM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Rithm Capital (RITM) reported revenue of $1.1B for the third quarter 2025 (Q3 2025), +11% from a year earlier and -9% from the quarter before. Operating margin was 21.4%, net earnings $222M (20.0% of revenue).
Rithm Capital, Q3 2025: revenue $1.1B (+11% year over year), operating margin 21.4%, net earnings $222M, operating cash flow −$2.0B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -9% | +11% |
| Operating profit | $237M | -23% | +425% |
| Net earnings | $222M | -29% | +82% |
| Operating cash flow | −$2.0B | — | — |
What changed
Revenue was $1.1B in Q3 2025, up 11% year over year and down 9% from the previous quarter. Interest income was the largest line at 41% of revenue. Servicing revenue, net added $0.19B year over year (up 150%), 178% of the total change. Interest income declined 18%.
Operating profit was $0.24B, a 21.4% margin (up 16.9 points year over year). Of the extra revenue versus a year earlier, 181% reached operating profit, above the 5% margin then. Total costs fell 9% while revenue rose 11%. The fastest-growing cost line was General & admin (+10%). Net earnings were $0.22B, up 82% year over year. The effective tax rate was 3.4%.
Operating cash flow was −$2.0B. Non-cash charges added back $0.02B of depreciation and amortization. Working capital and other items used $2.3B.
Questions
What was Rithm Capital's revenue in the third quarter 2025?
Rithm Capital (RITM) reported revenue of $1.1B for the third quarter 2025 (Q3 2025), +11% from a year earlier and -9% from the quarter before.
Was Rithm Capital profitable in the third quarter 2025?
Operating profit was $237M (21.4% of revenue) and net earnings $222M.
Source: Rithm Capital 10-Q on SEC EDGAR.