Filing Flows › Rithm Capital (RITM) › How it makes money
How Rithm Capital (RITM) makes money
Rithm Capital (RITM) made $1.8B of revenue in the third quarter 2026 (Q3 2026), +58% from a year earlier. Servicing revenue, net brought in $717M (41%); Interest income brought in $480M (27%); Gain on originated residential mortgage loans, held-for-sale, net brought in $214M (12%). Of every dollar of revenue, 29¢ was left as operating profit, 14¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Servicing revenue, net | $717M | 40.7% | — | +128% |
| ↳ Servicing and related fee revenue, net | $595M | 33.8% | — | +3% |
| ↳ Change in Fair Value of Mortgage Servicing Right | $121M | 6.9% | — | — |
| Interest income | $480M | 27.2% | — | +6% |
| Gain on originated residential mortgage loans, held-for-sale, net | $214M | 12.1% | — | +9% |
| Commercial real estate revenue | $187M | 10.6% | — | — |
| Asset management revenue | $107M | 6.1% | — | +26% |
| ↳ Management fees | $93.0M | 5.3% | — | +43% |
| ↳ Incentive fees | $14.4M | 0.8% | — | -27% |
| Other residential-related revenue | $51.6M | 2.9% | — | -11% |
| Other | $6.4M | 0.4% | — | -5% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.8B | 100.0% |
| Operating profit | $519M | 29.4% |
| Income tax | $258M | 14.6% |
| Net earnings | $253M | 14.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.8B | +59% |
| Q2 2026 | $1.3B | +5% |
| Q1 2026 | $1.4B | +41% |
| Q4 2025 | $1.3B | -18% |
| Q3 2025 | $1.1B | +11% |
| Q2 2025 | $1.2B | +5% |
| Q1 2025 | $768M | -39% |
From Rithm Capital's 10-Q filed Nov 2, 2026 (on EDGAR).
Questions
How does Rithm Capital make money?
Rithm Capital (RITM) made $1.8B of revenue in the third quarter 2026 (Q3 2026), +58% from a year earlier. Servicing revenue, net brought in $717M (41%); Interest income brought in $480M (27%); Gain on originated residential mortgage loans, held-for-sale, net brought in $214M (12%). Of every dollar of revenue, 29¢ was left as operating profit, 14¢ was left as net earnings.
What is Rithm Capital's biggest business?
Servicing revenue, net: $717M in the third quarter 2026, 41% of revenue, +128% from a year earlier.
What is Rithm Capital's profit margin?
Net earnings were $253M, 14.4% of revenue, in the third quarter 2026; the operating margin was 29.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.