"Rithm's Q4 2025 non-GAAP earnings available for distribution came in at $0.74 per share, beating the consensus estimate by nearly 29%. Revenue hit $1.29 billion, up 18.42% year-over-year."
"A $421.81 million negative swing in mortgage servicing rights fair value crushed GAAP net income to $53.1 million, down 81.69% year-over-year."
"CEO Michael Nierenberg stated, 'At some point, we will need to become a C-Corp and continue to grow our asset management business.'"
"The asset management segment generated $403.2 million in Q4 revenue alone, yet the market still classifies Rithm as a mortgage REIT."
Rithm Capital has surpassed $100 billion in investable assets and reported strong Q4 2025 earnings, with non-GAAP earnings at $0.74 per share. Revenue increased by 18.42% year-over-year to $1.29 billion. However, GAAP net income fell 81.69% due to a significant negative impact from mortgage servicing rights. CEO Michael Nierenberg aims to transition the company to a C-Corp structure to enhance growth. Despite solid performance, the market continues to view Rithm as a mortgage REIT, affecting its stock valuation.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]