Form 8-K

8-K — Rithm Capital Corp.

Accession: 0001556593-26-000033

Filed: 2026-10-23

Period: 2026-10-23

CIK: 0001556593

SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — ritm-20261023.htm (Primary)

EX-99.1 (ritm-2026930x8xkxexhibit991.htm)

GRAPHIC (rithmjpglogo.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: ritm-20261023.htm · Sequence: 1

ritm-20261023

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 23, 2026

Rithm Capital Corp.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

001-35777 45-3449660

(Commission File Number) (IRS Employer Identification No.)

799 Broadway New York New York 10003

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (212) 850-7770

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class: Trading Symbols: Name of each exchange on which registered:

Common Stock, $0.01 par value per share RITM New York Stock Exchange

7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock RITM PR A New York Stock Exchange

7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock RITM PR B New York Stock Exchange

6.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock RITM PR C New York Stock Exchange

7.00% Fixed-Rate Reset Series D Cumulative Redeemable Preferred Stock RITM PR D New York Stock Exchange

8.750% Series E Fixed-Rate Cumulative Redeemable Preferred Stock RITM PR E New York Stock Exchange

8.750% Series F Fixed-Rate Reset Cumulative Redeemable Preferred Stock RITM PR F New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On October 23, 2026, Rithm Capital Corp. (the “Company”) issued a press release announcing the Company’s results for its fiscal quarter ended September 30, 2026. A copy of the Company’s press release is attached to this Current Report on Form 8-K (the “Current Report”) as Exhibit 99.1 and is incorporated herein solely for purposes of this Item 2.02 disclosure.

The press release is being furnished, not filed, pursuant to this Item 2.02 of this Current Report and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, unless expressly set forth as being incorporated by reference into such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Number Description

99.1

Press release, dated October 23, 2026, issued by Rithm Capital Corp.

104 Cover Page Interactive Data File — the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

RITHM CAPITAL CORP.

(Registrant)

/s/ Nicola Santoro, Jr.

Nicola Santoro, Jr.

Chief Financial Officer and Chief Accounting Officer

Date: October 23, 2026

EX-99.1

Filename: ritm-2026930x8xkxexhibit991.htm · Sequence: 2

Document

Exhibit 99.1

Rithm Capital Corp. Announces Third Quarter 2026 Results

Q3 GAAP net income of $0.38 per diluted share; earnings available for distribution of $0.55 per diluted share

NEW YORK, NY - (BUSINESS WIRE) — Rithm Capital Corp. (NYSE: RITM; “Rithm Capital,” “Rithm” or the “Company”) today reported the following information for the third quarter ended September 30, 2026.

“Rithm’s strong third quarter results reflect disciplined execution across every part of our platform,” said Michael Nierenberg, CEO of Rithm Capital. “We continued to scale our asset management business, closing new funds and growing a more durable, fee-based earnings stream, while our operating companies delivered: Newrez generated a 24% annualized operating return on equity(3), Genesis reached year-to-date originations of $5.0 billion, and Elecor expanded its third-party capital base by executing a joint venture for a core NYC property, while signing 320,000 square feet of new leases. Our businesses continue to perform, and the strength and breadth of our platform position us well as we enter the fourth quarter with significant momentum and opportunity ahead for our shareholders, clients, and partners.”

Financial Highlights:

•GAAP net income of $217.1 million, or $0.38 per diluted common share(1)

•Earnings available for distribution of $315.3 million, or $0.55 per diluted common share(1)(2)

•Common dividend of $139.6 million, or $0.25 per common share

•Book value per common share of $12.51(1)

Q3 2026 Q2 2026

Summary Operating Results:

GAAP Net Income per Diluted Common Share(1)

$ 0.38 $ 0.04

GAAP Net Income (in millions) $ 217.1 $ 20.2

Non-GAAP Results:

Earnings Available for Distribution per Diluted Common Share(1)(2)

$ 0.55 $ 0.60

Earnings Available for Distribution(2) (in millions)

$ 315.3 $ 338.9

Common Dividend:

Common Dividend per Share $ 0.25 $ 0.25

Common Dividend (in millions) $ 139.6 $ 139.6

Business Highlights:

•Asset Management:

•Rithm Asset Management, Rithm Capital’s alternative asset management platform, which includes Sculptor Capital Management, Inc. (“Sculptor Capital”) and Crestline Management, L.P. (“Crestline”), had approximately $61 billion of assets under management (“AUM”)(4) as of September 30, 2026, consistent with quarter end Q2’26.

•$569 million of gross new capital and fund commitment inflows in Q3’26, bringing year-to-date gross inflows to $2.9 billion.

•Commercial Real Estate:

•Elecor Properties, Rithm Capital’s owner and operator of Class A office properties in New York City and San Francisco, increased year-to-date leasing activity to 1.0 million square feet, achieving rents 22% higher across the portfolio as compared to FY 2025.

•Closed on a joint venture with a strong institutional partner for ownership of 1301 Avenue of the Americas. Rithm will continue to hold a significant interest in the asset and operate the building on behalf of the joint venture.

•Closed a $515 million refinancing of 31 West 52nd Street through a multi-tiered structure including a commercial mortgage-backed securitization and two tranches of mezzanine financing.

•Residential Transitional Lending:

•Rithm Capital’s residential transitional lending platform, Genesis Capital LLC (“Genesis Capital”), recorded Q3’26 origination volume of $1.5 billion of residential transition loans (“RTLs”), a year over year (“YoY”) increase of 25%.

•Genesis Capital continued to expand its sponsor base, growing new sponsors funded by 125 in Q3’26, a 74% increase YoY.

•Completed Rithm’s inaugural $375 million securitization collateralized entirely by multifamily RTLs.

•Origination & Servicing:

•Newrez LLC (“Newrez”), Rithm Capital’s mortgage origination and servicing platform, posted pre-tax operating income of $329.7 million in Q3’26, excluding mortgage servicing rights (“MSRs”) mark-to-market (“MTM”) gain, net of hedges, and other non-operating items of $275.2 million, up from $307.6 million in Q2’26, excluding MSRs MTM loss, net of hedges, and other non-operating items of $(194.5) million.

•Newrez generated a 24% annualized operating return on equity (“ROE”)(3) in Q3’26 on $5.5 billion of average ending segment equity.

•Total servicing unpaid principal balance (“UPB”) reached $878.9 billion at the end of Q3’26, which includes $282.8 billion UPB of third-party servicing.

•Origination funded production volume was $12.9 billion in Q3’26, a decrease of 19% quarter over quarter and a decrease of 21% YoY.

•Investment Portfolio:

•Purchased $1.6 billion in UPB of non-qualified mortgage (“NQM”) loans in Q3’26 sourced from Newrez and third-party originators.

•Rithm Capital sponsored and completed two NQM securitizations in Q3’26 totaling $975 million in UPB.

•Acquired $521 million in home improvement loans in Q3’26 under the existing forward flow agreement with Upgrade, Inc. (“Upgrade”), bringing the total purchased through quarter-end to $1.5 billion.

•Amended the existing forward flow agreement with Upgrade to allow for the purchase of an additional $1.2 billion in UPB of home improvement loans.

•Completed a $306 million securitization of home improvement loans.

(1)Per diluted common share calculations for both GAAP Net Income and Earnings Available for Distribution are based on 572,817,609 and 568,262,330 weighted average diluted shares for the quarters ended September 30, 2026 and June 30, 2026, respectively. The per share calculation of Book Value is based on 558,407,031 common shares outstanding as of September 30, 2026.

(2)Earnings Available for Distribution is a non-GAAP financial measure. For a reconciliation of Earnings Available for Distribution to GAAP Net Income, as well as an explanation of this measure, please refer to the section entitled Non-GAAP Financial Measures and Reconciliation to GAAP Net Income below.

(3)Q3’26 annualized operating ROE is a non-GAAP measure. It is calculated by annualizing Q3’26 pre-tax operating income of $329.7 million (which excludes MSRs MTM gain, net of hedges, and other non-operating items of $275.2 million) dividing by average Origination and Servicing segment ending equity of $5.5 billion.

(4)AUM is estimated and refers to the value of assets for which Rithm Capital and its affiliates provide discretionary investment management, advisory services or real estate asset management. AUM is generally calculated as the sum of: (i) the net asset value of managed accounts and open-ended funds or gross asset value of direct lending, real estate and real estate funds, (ii) uncalled capital commitments and (iii) par value of structured credit vehicles (e.g., collateralized loan obligations). AUM includes amounts that are not subject to management fees, incentive income or other amounts earned on AUM. AUM also includes amounts that are invested in other affiliated funds/vehicles. Rithm Capital's calculation of AUM is intended to provide a consistent and comparable measure of managed assets across its businesses; however it is not based on any specific regulatory definition and may differ from similarly titled measures presented by other asset managers and, as a result, may not be comparable. Effective July 1, 2026, Rithm Capital revised its AUM calculation methodology to include assets subject to real estate asset management services and exclude certain other assets. Prior periods have been conformed, with no impact on reported AUM.

ADDITIONAL INFORMATION

For additional information that management believes to be useful for investors, please refer to the latest presentation posted on the Shareholders - Events & Presentations section of the Company’s website, www.rithmcap.com. Information on, or accessible through, our website is not a part of, and is not incorporated into, this press release.

EARNINGS CONFERENCE CALL

Rithm Capital’s management will host a conference call on Friday, October 23, 2026 at 8:00 A.M. Eastern Time to review the Company’s results for the quarter ended September 30, 2026.

The webcast of the conference call may be accessed at https://events.q4inc.com/attendee/976436235. Please allow extra time prior to the call to visit the website and download any software required to listen to the internet broadcast. In addition, participants are encouraged to pre-register for the conference call at https://events.q4inc.com/analyst/976436235?pwd=0lyfjeVL.

An audio replay of the conference call will also be available two hours following the call’s completion through 11:59 P.M. Eastern Time on Friday, October 22, 2027, in the Events & Presentations section of the Company’s website or using the same link as the webcast at https://events.q4inc.com/attendee/976436235.

Rithm Capital Corp. and Subsidiaries

Consolidated Statements of Operations (Unaudited)

($ in thousands, except share and per share data)

Three Months Ended

September 30,

2026

June 30,

2026

Revenues

Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 595,372 $ 614,637

Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(186,553) and $(213,874), respectively)

121,277 (392,875)

Servicing revenue, net 716,649 221,762

Interest income 479,592 474,595

Gain on originated residential mortgage loans, held-for-sale, net 214,157 207,006

Asset management revenue 107,345 142,228

Commercial real estate revenue 187,041 182,130

Other residential-related revenue 51,638 54,560

1,756,422 1,282,281

Expenses

Interest expense and warehouse line fees 480,834 464,114

General, administrative and operating 320,862 307,349

Compensation and benefits 382,366 410,477

Depreciation and amortization 92,428 93,547

1,276,490 1,275,487

Other Income (Loss)

Realized and unrealized gains, net 19,746 56,305

Other income, net 19,415 23,787

39,161 80,092

Income before Income Taxes 519,093 86,886

Income tax expense 257,819 18,973

Net Income 261,274 67,913

Non-controlling interests in income of consolidated subsidiaries 3,733 8,032

Redeemable non-controlling interests in income of consolidated subsidiaries 4,256 3,590

Net Income Attributable to Rithm Capital Corp. 253,285 56,291

Dividends on preferred stock 36,159 36,098

Net Income Attributable to Common Stockholders $ 217,126 $ 20,193

Net Income per Share of Common Stock

Basic $ 0.39 $ 0.04

Diluted $ 0.38 $ 0.04

Weighted Average Number of Shares of Common Stock Outstanding

Basic 558,407,031 558,346,329

Diluted 572,817,609 568,262,330

Dividends Declared per Share of Common Stock $ 0.25 $ 0.25

Rithm Capital Corp. and Subsidiaries

Consolidated Balance Sheets (Unaudited)

($ in thousands, except share and per share data)

September 30, 2026

June 30, 2026

Assets

Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value $ 12,187,706 $ 11,091,483

Government and government-backed securities ($4,487,253 and $4,887,937 at fair value, respectively)

4,512,203 4,912,869

Residential mortgage loans ($4,660,524 and $4,241,244 at fair value, respectively)(A)

4,707,366 4,293,492

Consumer loans, at fair value(A)

826,960 707,111

Residential transition loans, at fair value 3,890,850 3,832,312

Residential mortgage loans subject to repurchase 4,594,747 4,308,886

Real estate, net(A)

4,900,278 6,139,789

Insurance company investments, at fair value 1,198,971 1,119,524

Cash, cash equivalents and restricted cash(A)

2,449,322 2,454,708

Servicer advances receivable 2,791,248 2,751,593

Other assets ($3,146,478 and $3,037,780 at fair value, respectively)(A)

6,029,271 5,584,432

Assets of Consolidated Entities(A):

Investments, at fair value and other assets 8,572,408 6,912,669

Total Assets $ 56,661,330 $ 54,108,868

Liabilities and Equity

Liabilities

Secured financing agreements(A)

$ 14,235,647 $ 13,677,512

Secured notes and bonds payable ($119,148 and $126,140 at fair value, respectively)(A)

14,011,438 14,363,446

Residential mortgage loan repurchase liability 4,594,747 4,308,886

Unsecured notes, net of issuance costs 1,907,153 1,902,627

Interest sensitive insurance contract liabilities 1,206,009 1,143,797

Dividends payable 190,451 185,032

Accrued expenses and other liabilities ($662,232 and $631,854 at fair value, respectively)(A)

3,484,410 3,104,711

Liabilities of Consolidated Entities(A):

Notes payable, at fair value and other liabilities 7,494,519 5,974,137

Total Liabilities 47,124,374 44,660,148

Commitments and Contingencies

Redeemable Non-controlling Interests of Consolidated Subsidiaries 395,599 397,306

Stockholders’ Equity

Preferred stock, $0.01 par value, 100,000,000 shares authorized, 67,564,122 issued and outstanding, $1,689,104 aggregate liquidation preference

1,632,915 1,632,915

Common stock, $0.01 par value, 2,000,000,000 shares authorized, 558,407,031 issued and outstanding

5,584 5,584

Additional paid-in capital 7,068,996 7,033,296

Accumulated deficit (154,522) (226,449)

Accumulated other comprehensive income 67,089 71,516

Stockholders’ Equity in Rithm Capital Corp. 8,620,062 8,516,862

Non-controlling interests in equity of consolidated subsidiaries 521,295 534,552

Total Stockholders’ Equity 9,141,357 9,051,414

Total Liabilities and Equity $ 56,661,330 $ 54,108,868

(A)The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”) and certain other consolidated VIEs, including funds and collateralized financing entities that are presented separately within assets and liabilities of consolidated entities. VIE assets can only be used to settle obligations and liabilities of the VIEs. VIE creditors do not have recourse to Rithm Capital Corp.

NON-GAAP FINANCIAL MEASURES AND RECONCILIATION TO GAAP NET INCOME

The Company has four primary variables that impact its performance: (i) net interest margin on assets held within the investment portfolio; (ii) realized and unrealized gains or losses on assets held within the investment portfolio and operating companies, including any impairment or reserve for expected credit losses; (iii) income from the Company’s operating company investments; and (iv) the Company’s operating expenses and taxes.

“Earnings available for distribution” is a non-GAAP financial measure of the Company’s operating performance, which is used by management to evaluate the Company’s performance, excluding:

•Certain realized and unrealized gains and losses on (i) investments other than those that are acquired with the intent to sell or loans that are originated or acquired with the intent to sell, (ii) changes in valuation inputs and assumptions of MSRs, (iii) MSR economic hedges, other than any interest income associated with such instruments and (iv) extinguishment of debt;

•Certain other income and losses, primarily consisting of equity-based or non-recurring compensation expense, straight-line rental revenue, amortization of debt acquired below or above market prices, and certain net income or losses attributable to non-controlling and redeemable non-controlling interests;

•Depreciation and amortization on real estate investment properties and intangible assets;

•Non-capitalized transaction-related expenses, primarily consisting of legal, valuation and other professional service fees incurred in connection with certain investment acquisitions, as well as costs associated with the acquisition and integration of acquired businesses; and

•Deferred taxes.

In computing earnings available for distribution, the Company excludes the items listed above because management does not consider them representative of the Company's core operating performance or of cash available for distribution to stockholders. These adjustments generally fall into three categories: items that are non-cash in nature; items that, while a part of the Company's recurring operations, are subject to significant variability and are therefore generally limited to a potential indicator of future economic performance; and items that relate to the acquisition or integration of investments and businesses rather than to ongoing operations.

Management believes that the adjustments to compute “earnings available for distribution” specified above allow investors and analysts to readily identify and track the operating performance of the assets that form the core of the Company’s activity, assist in comparing the core operating results between periods and enable investors to evaluate the Company’s current core performance using the same financial measure that management uses to operate the business. Management also utilizes earnings available for distribution as a financial measure in its decision-making process relating to improvements to the underlying fundamental operations of the Company’s investments, as well as the allocation of resources between those investments, and management also relies on earnings available for distribution as an indicator of the results of such decisions. As such, earnings available for distribution is not intended to reflect all of the Company’s activity and should be considered as only one of the factors used by management in assessing the Company’s performance, along with GAAP net income which is inclusive of all of the Company’s activities.

The Company views earnings available for distribution as a consistent financial measure of its portfolio’s ability to generate income for distribution to common stockholders. Earnings available for distribution does not represent and should not be considered as a substitute for, or superior to, net income or as a substitute for, or superior to, cash flows from operating activities, each as determined in accordance with GAAP, and the Company’s calculation of this financial measure may not be comparable to similarly entitled financial measures reported by other companies. Furthermore, to maintain qualification as a REIT, U.S. federal income tax law generally requires that the Company distribute at least 90% of its REIT taxable income annually, determined without regard to the deduction for dividends paid and excluding net capital gains. Because the Company views earnings available for distribution as a consistent financial measure of its ability to generate income for distribution to common stockholders, earnings available for distribution is one metric, but not the exclusive metric, that the Company’s board of directors uses to determine the amount, if any, and the payment date of dividends on common stock. However, earnings available for distribution should not be considered as an indication of the Company’s taxable income, a guaranty of its ability to pay dividends or as a proxy for the amount of dividends it may pay, as earnings available for distribution excludes certain items that impact its cash needs.

Reconciliation of Non-GAAP Measure to the Respective GAAP Measure

The table below provides a reconciliation of earnings available for distribution to the most directly comparable GAAP financial measure (dollars in thousands, except share and per share data):

Three Months Ended

September 30,

2026 June 30,

2026

Net income attributable to common stockholders - GAAP $ 217,126 $ 20,193

Adjustments:

Realized and unrealized (gains) losses, net, including MSR change in valuation inputs and assumptions (269,759) 181,110

Other loss, net 6,623 14,206

Depreciation and amortization 86,284 87,913

Non-capitalized transaction-related expenses 20,302 21,870

Deferred taxes 254,722 13,636

Earnings available for distribution - Non-GAAP $ 315,298 $ 338,928

Net income per diluted share $ 0.38 $ 0.04

Earnings available for distribution per diluted share $ 0.55 $ 0.60

Weighted average number of shares of common stock outstanding, diluted 572,817,609 568,262,330

SEGMENT INFORMATION

($ in thousands)

Third Quarter Ended September 30, 2026

Origination and Servicing Residential Transitional Lending Asset Management Investment Portfolio Commercial Real Estate Corporate Category Total

Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 595,372 $ — $ — $ — $ — $ — $ 595,372

Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(186,553))

121,277 — — — — — 121,277

Servicing revenue, net 716,649 — — — — — 716,649

Interest income 259,545 103,594 39,736 71,999 2,065 2,653 479,592

Gain on originated residential mortgage loans, held-for-sale, net 203,793 — — 10,364 — — 214,157

Management fees — — 91,637 — 1,322 — 92,959

Incentive fees — — 14,386 — — — 14,386

Asset management revenue — — 106,023 — 1,322 — 107,345

Commercial real estate revenue — — — — 187,041 — 187,041

Other residential-related revenue 25,865 — — 25,773 — — 51,638

Total Revenue 1,205,852 103,594 145,759 108,136 190,428 2,653 1,756,422

Interest expense and warehouse line fees 230,843 50,134 29,015 65,440 65,751 39,651 480,834

Other segment expenses 148,472 7,256 32,997 32,440 84,960 14,737 320,862

Compensation and benefits 213,618 23,489 123,558 5,054 6,208 10,439 382,366

Depreciation and amortization 4,852 2,078 11,738 5,743 68,097 (80) 92,428

Total Operating Expenses 597,785 82,957 197,308 108,677 225,016 64,747 1,276,490

Realized and unrealized gains (losses), net — 2,581 (23,648) 13,598 27,215 — 19,746

Other income (loss), net (3,251) 1,071 6,414 11,007 1,931 2,243 19,415

Total Other Income (Loss) (3,251) 3,652 (17,234) 24,605 29,146 2,243 39,161

Income (Loss) before Income Taxes $ 604,816 $ 24,289 $ (68,783) $ 24,064 $ (5,442) $ (59,851) $ 519,093

Total Assets $ 29,209,893 $ 5,415,188 $ 4,453,860 $ 12,232,274 $ 4,873,489 $ 476,626 $ 56,661,330

Stockholders' Equity in Rithm Capital Corp. $ 5,405,211 $ 1,019,643 $ 1,278,905 $ 1,632,030 $ 1,128,787 $ (1,844,514) $ 8,620,062

Second Quarter Ended June 30, 2026

Origination and Servicing Residential Transitional Lending Asset Management Investment Portfolio Commercial Real Estate Corporate Category Total

Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 614,637 $ — $ — $ — $ — $ — $ 614,637

Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(213,874))

(392,875) — — — — — (392,875)

Servicing revenue, net 221,762 — — — — — 221,762

Interest income 252,496 103,587 28,208 85,428 2,185 2,691 474,595

Gain on originated residential mortgage loans, held-for-sale, net 204,731 — — 2,275 — — 207,006

Management fees — — 88,789 — 1,696 — 90,485

Incentive fees — — 51,743 — — — 51,743

Asset management revenue — — 140,532 — 1,696 — 142,228

Commercial real estate revenue — — — — 182,130 — 182,130

Other residential-related revenue 25,222 — — 29,338 — — 54,560

Total Revenue 704,211 103,587 168,740 117,041 186,011 2,691 1,282,281

Interest expense and warehouse line fees 225,634 43,742 23,231 70,007 61,836 39,664 464,114

Other segment expenses 146,211 5,469 33,082 31,711 78,640 12,236 307,349

Compensation and benefits 214,708 22,740 130,211 6,688 11,474 24,656 410,477

Depreciation and amortization 5,474 1,966 12,040 7,184 66,803 80 93,547

Total Operating Expenses 592,027 73,917 198,564 115,590 218,753 76,636 1,275,487

Realized and unrealized gains, net 57 7,031 26,448 22,751 18 — 56,305

Other income (loss), net 879 314 17,404 7,295 (2,114) 9 23,787

Total Other Income (Loss) 936 7,345 43,852 30,046 (2,096) 9 80,092

Income (Loss) before Income Taxes $ 113,120 $ 37,015 $ 14,028 $ 31,497 $ (34,838) $ (73,936) $ 86,886

Total Assets $ 26,890,344 $ 5,060,530 $ 4,371,258 $ 11,531,136 $ 5,883,187 $ 372,413 $ 54,108,868

Stockholders' Equity in Rithm Capital Corp. $ 5,492,541 $ 1,017,409 $ 1,319,373 $ 1,582,256 $ 1,218,777 $ (2,113,494) $ 8,516,862

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information in this press release constitutes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not historical facts. They represent management’s current expectations regarding future events and are subject to a number of trends and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those described in the forward-looking statements. Accordingly, you should not place undue reliance on any forward-looking statements contained herein. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Cautionary Statement Regarding Forward Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent annual and quarterly reports and other filings filed with the U.S. Securities and Exchange Commission, which are available on the Company’s website (www.rithmcap.com). New risks and uncertainties emerge from time to time, and it is not possible for Rithm Capital to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Forward-looking statements contained herein speak only as of the date of this press release, and Rithm Capital expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Rithm Capital's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

ABOUT RITHM CAPITAL

Rithm Capital Corp. (NYSE: RITM) is a New York-based global alternative asset manager with deep experience across credit, real estate, and other alternative strategies. The firm pairs institutional expertise with an entrepreneurial culture that looks for opportunity early and pursues it with discipline. Rithm combines an asset management platform with a family of operating companies, giving it direct insight into many of the markets in which it invests. That owner-operator approach is built to deliver enduring performance for clients, partners, and shareholders. For more information, visit www.rithmcap.com.

Investor Relations

212-850-7770

ir@rithmcap.com

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