Filing Flows › Rithm Capital (RITM) › Q4 2025
Rithm Capital (RITM) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Rithm Capital (RITM) reported revenue of $1.3B for the fourth quarter 2025 (Q4 2025), -18% from a year earlier and +17% from the quarter before. Operating margin was 16.0%, net earnings $85.0M (6.6% of revenue).
Rithm Capital, Q4 2025: revenue $1.3B (-18% year over year), operating margin 16.0%, net earnings $85.0M, operating cash flow −$115M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +17% | -18% |
| Operating profit | $206M | -13% | -58% |
| Net earnings | $85.0M | -62% | -71% |
| Operating cash flow | −$115M | — | — |
What changed
Revenue was $1.3B in Q4 2025, down 18% year over year and up 17% from the previous quarter. Interest income was the largest line at 39% of revenue.
Operating profit was $0.21B, a 16.0% margin (down 15.4 points year over year). Total costs grew 1% against a revenue fall of 18%. The fastest-growing cost line was General & admin (+27%). Net earnings were $0.08B, down 71% year over year. The effective tax rate was 56.1%.
Operating cash flow was −$0.11B. Non-cash charges added back $0.04B of depreciation and amortization. Working capital and other items used $0.24B.
Questions
What was Rithm Capital's revenue in the fourth quarter 2025?
Rithm Capital (RITM) reported revenue of $1.3B for the fourth quarter 2025 (Q4 2025), -18% from a year earlier and +17% from the quarter before.
Was Rithm Capital profitable in the fourth quarter 2025?
Operating profit was $206M (16.0% of revenue) and net earnings $85.0M.
Source: Rithm Capital 10-K on SEC EDGAR.