Filing Flows › Rithm Capital (RITM) › Q3 2026
Rithm Capital (RITM) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 2, 2026
Rithm Capital (RITM) reported revenue of $1.8B for the third quarter 2026 (Q3 2026), +59% from a year earlier and +37% from the quarter before. Operating margin was 29.6%, net earnings $253M (14.4% of revenue).
Rithm Capital, Q3 2026: revenue $1.8B (+59% year over year), operating margin 29.6%, net earnings $253M, operating cash flow −$1.6B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +37% | +59% |
| Operating profit | $519M | +497% | +119% |
| Net earnings | $253M | +350% | +14% |
| Operating cash flow | −$1.6B | -1013% | — |
What changed
Revenue was $1.8B in Q3 2026, up 59% year over year and up 37% from the previous quarter. Servicing and related fee revenue, net was the largest line at 34% of revenue. Change in Fair Value of Mortgage Servicing Right added $0.39B year over year, 59% of the total change. Incentive fees declined 27%.
Operating profit was $0.52B, a 29.6% margin (up 8.1 points year over year). Of the extra revenue versus Q3 2025, 43% reached operating profit, above the 21% margin then. Total costs grew 42% against revenue growth of 59%. The fastest-growing cost line was General & admin (+50%). Net earnings were $0.25B, up 14% year over year. The effective tax rate was 49.7%.
Operating cash flow was −$1.6B. Non-cash charges added back $0.09B of depreciation and amortization. Working capital and other items used $1.9B. Capital expenditures of $0.07B exceeded it, leaving free cash flow of −$1.7B.
Questions
What was Rithm Capital's revenue in the third quarter 2026?
Rithm Capital (RITM) reported revenue of $1.8B for the third quarter 2026 (Q3 2026), +59% from a year earlier and +37% from the quarter before.
Was Rithm Capital profitable in the third quarter 2026?
Operating profit was $519M (29.6% of revenue) and net earnings $253M.
Source: Rithm Capital 10-Q on SEC EDGAR.