What is the primary revenue source for Rithm Capital (RITM)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze RITM's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Rithm Capital's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Rithm Capital Makes Money: RITM Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Revenue: USD 1.38B
Largest revenue segment share (Servicing Fee, Net): 41.97%
Selling, general and administrative: USD 336.00M
Income tax expense: USD 44.76M

View calculation evidence

YoY periods: Q1 2026 compared with Q1 2025

Source metrics

Income tax expenseIncome tax expense (benefit) · IncomeTaxExpenseBenefit
Largest revenue segment share (Servicing Fee, Net)Servicing Fee, Net · segment_value / revenue * 100
RevenueTotal revenue · Revenues
Selling, general and administrativesum(SellingAndMarketingExpense, GeneralAndAdministrativeExpense)

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Cash and cash equivalents: USD 2.46B
Total liabilities: USD 43.87B
Shareholder equity: USD 9.14B

View calculation evidence

YoY periods: Q1 2026 compared with Q1 2025

Source metrics

Shareholder equityTotal stockholders’ equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesLiabilities · Liabilities
Cash and cash equivalentsCash, cash equivalents and restricted cash · CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 98.06% of net income.

Net income: USD 102.68M
Operating cash flow: USD 100.69M
Cash conversion: 98.06%

View calculation evidence

YoY periods: Q1 2026 compared with Q1 2025

Source metrics

Net incomeNet income (loss) attributable to rithm capital corp. · NetIncomeLoss
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Capital expenditure data is missing, so free cash flow cannot be calculated.

Shareholders

Did the money earned actually make its way back to shareholders?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

View calculation evidence

YoY periods: Q1 2026 compared with Q1 2025

Share repurchase data is missing, making net shareholder return incomplete.

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

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Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?