Rithm Capital Corp. (RITM)

From the record

Rithm Capital Corp.'s filings since 2017 show 2 warning events of 2 kinds: a warning not to rely on past financial statements (8-K item 4.02, the latest 2024-07-22); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2024-08-12) (its current reports).

From the record

Rithm Capital Corp.'s 8 filed years say what it did: revenue went from $2.3 billion in fiscal 2018 to $4.6 billion in fiscal 2025, up 10.5% a year; it rose in 4 of 7 years; the deepest fall was 31% from fiscal 2019 to fiscal 2020; net income was positive in 7 of 8 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Rithm Capital Corp.'s diluted share count grew about 4.3% a year, and dividends and buybacks returned about 0% of its net income over 3 years (its filed statements). Its officers and directors filed 6 sales (1 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-05 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Rithm Capital Corp. earned about 9 cents of profit for every dollar of shareholders' money. Leverage: it owed about 84 cents per dollar of assets, and net share issuance: its share count grew 9.3% over the year (the filed statements).

From the record

Rithm Capital Corp.'s standing among 157 graded names in its industry family: revenue of $4.6 billion in fiscal 2025 ranks in the top 9% by size; a net margin of 15.6% ranks in the top 46%; revenue growth of -2.3% a year over the last 3 filed years ranks in the bottom 16% (its annual reports).

From the record

Rithm Capital Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Nierenberg, Michael (Chief Executive Officer, as filed), filing under that title since 2013-11-25, 13 years (top 27% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 4.6 years (bottom 12%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (bottom 29%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Rithm Capital Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1.8 billion against debt of $35 billion leaves -63.3% of its assets as net cash, bottom 10% of its family; cash from operations less capital spending is -28.1% of revenue (bottom 2%) (its annual report).

From the record

Rithm Capital Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew -2.3% a year over the last three filed years against 10.5% over all 8, slowing (bottom 15% of its family); the newest year grew -6.7% (bottom 17%) (its annual reports). Rithm Capital Corp. reported 8 product lines in fiscal 2025: Interest Revenue at $1.9 billion (41%), Servicing Revenue Net at $1.1 billion (24%), Gain On Originated Residential Mortgage Loans Held for Sale Net at $730 million (16%), and 5 more; 4 of 8 grew against the year before (its annual report).

From the record

Rithm Capital Corp.'s newest year against its own record: revenue of $4.6 billion in fiscal 2025 came in 6.6% below the $4.9 billion its prior three years' pace pointed to (bottom 32% of its family); net income of $718 million against a prior three-year average of $852 million (bottom 35%); a net margin of 15.6% against 18.7% before (bottom 38%) (its annual reports).