Form 8-K

8-K — Rithm Capital Corp.

Accession: 0001556593-26-000026

Filed: 2026-07-28

Period: 2026-07-28

CIK: 0001556593

SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — ritm-20260728.htm (Primary)

EX-99.1 (ritm-2026630x8xkxexhibit991.htm)

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XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: ritm-20260728.htm · Sequence: 1

ritm-20260728

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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): July 28, 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 July 28, 2026, Rithm Capital Corp. (the “Company”) issued a press release announcing the Company’s results for its fiscal quarter ended June 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 July 28, 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: July 28, 2026

EX-99.1

Filename: ritm-2026630x8xkxexhibit991.htm · Sequence: 2

Document

Exhibit 99.1

Rithm Capital Corp. Announces Second Quarter 2026 Results

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

“Rithm’s strong second quarter performance reflects the significant momentum of our owner-operator platform, which continues to prove its depth and durability,” said Michael Nierenberg, CEO of Rithm Capital. “Despite an uncertain macro environment, our asset management business reached $61 billion in AUM on $1.9 billion of gross inflows, while Genesis delivered its strongest origination quarter ever and Newrez posted a 22% annualized operating return on equity(3). With Elecor building strong leasing momentum, every pillar of our platform is performing. As our clients deepen their engagement with Rithm, we are confident in our positioning and the compelling opportunities ahead to deliver for our clients and shareholders.”

Financial Highlights:

•GAAP net income of $20.2 million, or $0.04 per diluted common share(1)

•Earnings available for distribution of $338.9 million, or $0.60 per diluted common share(1)(2)

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

•Book value per common share of $12.33(1)

Q2 2026 Q1 2026

Summary Operating Results:

GAAP Net Income per Diluted Common Share(1)

$ 0.04 $ 0.12

GAAP Net Income (in millions) $ 20.2 $ 67.8

Non-GAAP Results:

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

$ 0.60 $ 0.51

Earnings Available for Distribution(2) (in millions)

$ 338.9 $ 289.6

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 June 30, 2026, up from $59 billion at quarter end Q1’26, driven by $1.9 billion of gross inflows and new fund commitments in Q2’26.

•AUM has nearly doubled since Rithm accelerated the growth of its asset management business in 2023.

•Rithm Asset Management posted asset management revenue of $141 million in Q2’26, up from approximately $105 million in Q1’26, or a 34% QoQ increase, driven by higher incentive fee income.

•Commercial Real Estate:

•Elecor, 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 681 thousand square feet, achieving rents 32% higher in New York City and 1% higher in San Francisco compared to FY 2025.

•Closed on the previously announced $283 million refinancing of 1325 Avenue of the Americas through a broadly syndicated single-asset single borrower commercial mortgage-backed securities financing.

•Investment Portfolio:

•Rithm Capital sponsored and completed three non-qualified mortgage securitizations in Q2’26 totaling $1.4 billion in UPB.

•Acquired $303 million in home improvement loans in Q2’26 under the existing forward flow agreement with Upgrade, Inc. (“Upgrade”), bringing the total purchased through quarter-end to $970 million.

•Completed an inaugural $316 million securitization of home improvement loans.

•Origination & Servicing:

•Newrez LLC (“Newrez”), Rithm Capital’s mortgage origination and servicing platform, posted pre-tax operating income of $307.6 million in Q2’26, excluding mortgage servicing rights (“MSRs”) mark-to-market (“MTM”) loss, net of hedges, and other non-operating items of $(194.5) million, up from $273.7 million in Q1’26, excluding MSRs MTM loss, net of hedges, and other non-operating items of $(23.1) million.

•Newrez generated a 22% annualized operating return on equity (“ROE”)(3) in Q2’26 on $5.7 billion of average ending segment equity.

•Total servicing unpaid principal balance (“UPB”) reached $865.2 billion at the end of Q2’26, which includes $268.4 billion UPB of third-party servicing.

•Origination funded production volume was $15.9 billion in Q2’26, an increase of 3% quarter over quarter (“QoQ”) and a decrease of 2% year over year (“YoY”).

•Residential Transitional Lending:

•Rithm Capital’s residential transitional lending platform, Genesis Capital LLC (“Genesis Capital”), recorded Q2’26 origination volume of $1.9 billion, a YoY increase of 52%, continuing a series of record volume quarters.

•Genesis Capital continued to expand its sponsor base, growing new sponsors funded by 125 in Q2’26, a 46% increase YoY.

(1)Per diluted common share calculations for both GAAP Net Income and Earnings Available for Distribution are based on 568,262,330 and 565,927,074 weighted average diluted shares for the quarters ended June 30, 2026 and March 31, 2026, respectively. The per share calculation of Book Value is based on 558,407,031 common shares outstanding as of June 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)Q2’26 annualized operating ROE is a non-GAAP measure. Q2’26 annualized operating ROE is calculated based on annualized pre-tax operating income of $307.6 million, excluding MSRs MTM loss, net of hedges, and other non-operating items of $(194.5) million, divided by the average Origination and Servicing segment ending equity of $5.7 billion.

(4)AUM is estimated and refers to the value of assets for which Rithm Capital and its affiliates provide discretionary investment management or advisory services. 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.

ADDITIONAL INFORMATION

For additional information that management believes to be useful for investors, please refer to the latest presentation posted on the Investors - 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 Tuesday, July 28, 2026 at 8:00 A.M. Eastern Time.

The conference call may be accessed by dialing 1-833-974-2382 (from within the U.S.) or 1-412-317-5787 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference “Rithm Capital Second Quarter 2026 Earnings Call.” In addition, participants are encouraged to pre-register for the conference call at https://dpregister.com/sreg/10210777/10484ac0dde.

A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.rithmcap.com. Please allow extra time prior to the call to visit the website and download any necessary software required to listen to the internet broadcast.

A telephonic replay of the conference call will also be available two hours following the call’s completion through 11:59 P.M. Eastern Time on Tuesday, August 4, 2026, by dialing 1-855-669-9658 (from within the U.S.) or 1-412-317-0088 (from outside of the U.S.); please reference access code “6182214”.

Rithm Capital Corp. and Subsidiaries

Consolidated Statements of Operations (Unaudited)

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

Three Months Ended

June 30,

2026

March 31,

2026

Revenues

Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 614,637 $ 579,288

Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(213,874) and $(211,456), respectively)

(392,875) (204,229)

Servicing revenue, net 221,762 375,059

Interest income 474,595 461,877

Gain on originated residential mortgage loans, held-for-sale, net 207,006 208,250

Asset management revenue 142,228 106,587

Commercial real estate revenue 182,130 178,257

Other residential-related revenue 54,560 54,680

1,282,281 1,384,710

Expenses

Interest expense and warehouse line fees 464,114 450,063

General, administrative and operating 307,349 316,601

Compensation and benefits 410,477 378,410

Depreciation and amortization 93,547 92,644

1,275,487 1,237,718

Other Income (Loss)

Realized and unrealized gains (losses), net 56,305 (15,154)

Other income, net 23,787 22,402

80,092 7,248

Income before Income Taxes 86,886 154,240

Income tax expense 18,973 44,762

Net Income 67,913 109,478

Non-controlling interests in income (loss) of consolidated subsidiaries 8,032 (146)

Redeemable non-controlling interests in income of consolidated subsidiaries 3,590 6,946

Net Income Attributable to Rithm Capital Corp. 56,291 102,678

Dividends on preferred stock 36,098 34,847

Net Income Attributable to Common Stockholders $ 20,193 $ 67,831

Net Income per Share of Common Stock

Basic $ 0.04 $ 0.12

Diluted $ 0.04 $ 0.12

Weighted Average Number of Shares of Common Stock Outstanding

Basic 558,346,329 556,720,287

Diluted 568,262,330 565,927,074

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)

June 30, 2026

March 31, 2026

Assets

Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value $ 11,091,483 $ 10,859,933

Government and government-backed securities ($4,887,937 and $5,041,769 at fair value, respectively)

4,912,869 5,066,754

Residential mortgage loans ($4,241,244 and $5,083,003 at fair value, respectively)(A)

4,293,492 5,137,741

Consumer loans, held-for-investment, at fair value(A)

707,111 805,294

Residential transition loans, at fair value 3,832,312 3,197,813

Residential mortgage loans subject to repurchase 4,308,886 4,427,618

Real estate, net(A)

6,139,789 6,174,559

Insurance company investments, at fair value 1,119,524 1,021,920

Cash, cash equivalents and restricted cash(A)

2,454,708 2,368,374

Servicer advances receivable 2,751,593 2,865,556

Other assets ($3,037,780 and $3,018,569 at fair value, respectively)(A)

5,584,432 5,714,249

Assets of Consolidated Entities(A):

Investments, at fair value and other assets 6,912,669 5,734,733

Total Assets $ 54,108,868 $ 53,374,544

Liabilities and Equity

Liabilities

Secured financing agreements(A)

$ 13,677,512 $ 13,923,496

Secured notes and bonds payable ($126,140 and $134,319 at fair value, respectively)(A)

14,363,446 14,827,171

Residential mortgage loan repurchase liability 4,308,886 4,427,618

Unsecured notes, net of issuance costs 1,902,627 1,424,635

Interest sensitive insurance contract liabilities 1,143,797 1,069,355

Dividends payable 185,032 179,104

Accrued expenses and other liabilities ($631,854 and $610,185 at fair value, respectively)(A)

3,104,711 3,085,378

Liabilities of Consolidated Entities(A):

Notes payable, at fair value and other liabilities 5,974,137 4,932,492

Total Liabilities 44,660,148 43,869,249

Commitments and Contingencies

Redeemable Non-controlling Interests of Consolidated Subsidiaries 397,306 361,138

Stockholders’ Equity

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

1,632,915 1,632,915

Common stock, $0.01 par value, 2,000,000,000 shares authorized, 558,407,031 and 557,902,002 issued and outstanding, respectively

5,584 5,579

Additional paid-in capital 7,033,296 6,998,267

Accumulated deficit (226,449) (99,976)

Accumulated other comprehensive income 71,516 73,292

Stockholders’ Equity in Rithm Capital Corp. 8,516,862 8,610,077

Non-controlling interests in equity of consolidated subsidiaries 534,552 534,080

Total Stockholders’ Equity 9,051,414 9,144,157

Total Liabilities and Equity $ 54,108,868 $ 53,374,544

(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

June 30,

2026 March 31,

2026

Net income attributable to common stockholders - GAAP $ 20,193 $ 67,831

Adjustments:

Realized and unrealized losses, net, including MSR change in valuation inputs and assumptions 181,110 71,844

Other loss, net 14,206 15,633

Depreciation and amortization 87,913 87,280

Non-capitalized transaction-related expenses 21,870 8,330

Deferred taxes 13,636 38,718

Earnings available for distribution - Non-GAAP $ 338,928 $ 289,636

Net income per diluted share $ 0.04 $ 0.12

Earnings available for distribution per diluted share $ 0.60 $ 0.51

Weighted average number of shares of common stock outstanding, diluted 568,262,330 565,927,074

SEGMENT INFORMATION

($ in thousands)

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

First Quarter Ended March 31, 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 $ 579,288 $ — $ — $ — $ — $ — $ 579,288

Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(211,456))

(204,229) — — — — — (204,229)

Servicing revenue, net 375,059 — — — — — 375,059

Interest income 234,877 87,659 38,897 95,967 1,832 2,645 461,877

Gain on originated residential mortgage loans, held-for-sale, net 194,972 — — 13,278 — — 208,250

Management fees — — 89,160 — 1,769 — 90,929

Incentive fees — — 15,658 — — — 15,658

Asset management revenue — — 104,818 — 1,769 — 106,587

Commercial real estate revenue — — — — 178,257 — 178,257

Other residential-related revenue 23,333 — — 31,347 — — 54,680

Total Revenue 828,241 87,659 143,715 140,592 181,858 2,645 1,384,710

Interest expense and warehouse line fees 215,797 35,659 25,574 76,555 58,462 38,016 450,063

Other segment expenses 151,269 6,537 30,410 25,109 84,000 19,276 316,601

Compensation and benefits 207,074 20,822 113,016 5,115 11,282 21,101 378,410

Depreciation and amortization 6,088 1,943 11,526 8,482 64,605 — 92,644

Total Operating Expenses 580,228 64,961 180,526 115,261 218,349 78,393 1,237,718

Realized and unrealized losses, net — (606) (1,394) (13,034) (120) — (15,154)

Other income, net 2,614 1,055 9,476 7,219 2,036 2 22,402

Total Other Income (Loss) 2,614 449 8,082 (5,815) 1,916 2 7,248

Income (Loss) before Income Taxes $ 250,627 $ 23,147 $ (28,729) $ 19,516 $ (34,575) $ (75,746) $ 154,240

Total Assets $ 28,311,493 $ 4,505,746 $ 4,504,047 $ 9,905,297 $ 5,902,572 $ 245,389 $ 53,374,544

Stockholders' Equity in Rithm Capital Corp. $ 5,797,840 $ 934,217 $ 1,282,840 $ 1,564,567 $ 1,249,074 $ (2,218,461) $ 8,610,077

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. is a global alternative asset manager with significant experience managing credit and real estate assets. Rithm’s integrated platform spans asset-based finance, residential and commercial real estate lending, mortgage servicing rights, and structured credit. Through platforms including Elecor Properties, Newrez, Genesis Capital, Sculptor Capital Management, and Crestline Management, Rithm employs a unique owner-operator model to drive value for shareholders and investors. For more information, visit www.rithmcap.com.

Investor Relations

212-850-7770

ir@rithmcap.com

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