Form 8-K

8-K — Rithm Capital Corp.

Accession: 0001556593-26-000018

Filed: 2026-04-28

Period: 2026-04-28

CIK: 0001556593

SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — ritm-20260428.htm (Primary)

EX-99.1 (ritm-2026331x8xkxexhibit991.htm)

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XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: ritm-20260428.htm · Sequence: 1

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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): April 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 April 28, 2026, Rithm Capital Corp. (the “Company”) issued a press release announcing the Company’s results for its fiscal quarter ended March 31, 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 April 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: April 28, 2026

EX-99.1

Filename: ritm-2026331x8xkxexhibit991.htm · Sequence: 2

Document

Exhibit 99.1

Rithm Capital Corp. Announces First Quarter 2026 Results

NEW YORK - (BUSINESS WIRE) — Rithm Capital Corp. (NYSE: RITM; “Rithm Capital,” “Rithm” or the “Company”) today reported the following information for the first quarter ended March 31, 2026.

"Despite a challenging and volatile market environment, Rithm delivered strong Q1 results, with Newrez generating a 19% annualized operating ROE(3), Genesis posting 80% year-over-year origination growth, and our asset management platform growing to approximately $60 billion in AUM,” said Michael Nierenberg, CEO of Rithm Capital. “Our diversified owner-operator model is built to perform through disruption, and we are confident the current conditions create compelling opportunities to drive long-term value for our shareholders."

Financial Highlights:

•GAAP net income of $67.8 million, or $0.12 per diluted common share(1)

•Earnings available for distribution of $289.6 million, or $0.51 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)

Q1 2026 Q4 2025

Summary Operating Results:

GAAP Net Income per Diluted Common Share(1)

$ 0.12 $ 0.09

GAAP Net Income (in millions) $ 67.8 $ 53.1

Non-GAAP Results:

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

$ 0.51 $ 0.74

Earnings Available for Distribution(2) (in millions)

$ 289.6 $ 418.9

Common Dividend:

Common Dividend per Share $ 0.25 $ 0.25

Common Dividend (in millions) $ 139.6 $ 139.0

Business Highlights:

•Origination & Servicing:

•Newrez LLC (“Newrez”), Rithm Capital’s multichannel mortgage origination and servicing platform, posted pre-tax operating income of $273.7 million in Q1’26, excluding mortgage servicing rights (“MSRs”) mark-to-market (“MTM”) loss, net of hedges, and other non-operating items of $(23.1) million, up from $249.1 million in Q4’25, excluding MSRs MTM loss, net of hedges, and other non-operating items of $(216.5) million.

•Newrez generated a 19% annualized operating return on equity (“ROE”)(3) on $5.7 billion of segment equity in Q1’26.

•Total servicing unpaid principal balance (“UPB”) reached $850 billion at the end of Q1’26, which includes $257 billion UPB of third-party servicing.

•Origination funded production volume was $15.5 billion in Q1’26, a decrease of 18% quarter over quarter (“QoQ”) and an increase of 31% year over year (“YoY”).

•Investment Portfolio:

•Rithm Capital completed four non-qualified mortgage securitizations in Q1’26 totaling $2.0 billion in UPB.

•Acquired $140 million in home improvement loans in Q1’26 under the previously announced forward flow agreement with Upgrade, Inc., bringing the total purchased to date through quarter-end to $667 million.

•Residential Transitional Lending:

•Rithm Capital’s residential transitional lending platform, Genesis Capital LLC (“Genesis Capital”), recorded Q1’26 origination volume of $1.6 billion, a YoY increase of 80%, continuing a series of record volume quarters.

•Genesis Capital continued to expand its sponsor base, growing new sponsors funded by 118 in Q1’26, a 258% increase YoY. Total sponsors funded for the first quarter of 2026 also expanded to 266, achieving 40% YoY growth.

•Asset Management:

•Rithm Asset Management, Rithm Capital’s alternative asset management platform, which primarily includes Sculptor Capital Management Inc. (“Sculptor Capital”) and Crestline Management, L.P. (“Crestline”), had approximately $59 billion of assets under management (“AUM”)(4) as of March 31, 2026, up from $35 billion at quarter end Q1’25, driven by the acquisition of Crestline and additional fund raising activity throughout the year.

•In Q1’26, Sculptor Capital committed over $1 billion to investments in its latest Real Estate Fund V, representing approximately 20% of capital raised since its inception, and it deployed over $2 billion in capital into corporate credit and asset-based finance investments.

•Sculptor Capital also continued its active presence in the collateralized loan obligation (“CLO”) markets with a new U.S. CLO for approximately $400 million of AUM in the first quarter of 2026.

•Crestline raised $100 million in net inflows in Q1’26 for its private perpetual business development company, Crestline Lending Solutions Fund, from institutional investors, bringing total commitments to over $500 million.

•Commercial Real Estate:

•Rebranded the Company’s commercial real estate platform Paramount Group to Elecor Properties (“Elecor”) to align the corporate brand with the vision to elevate the portfolio, properties and tenant experience.

•Elecor, Rithm Capital’s recently acquired owner and operator of Class A office properties in New York and San Francisco, witnessed continued leasing momentum with New York City lease occupancy increasing by 4.7% YoY, and with over 350k square feet of new lease activity, 74% of which is in the San Francisco portfolio.

•Refinanced 1325 Avenue of the Americas through a single-asset, single borrower commercial mortgage-backed securities financing.

(1)Per diluted common share calculations for both GAAP Net Income and Earnings Available for Distribution are based on 565,927,074 and 564,691,202 weighted average diluted shares for the quarters ended March 31, 2026 and December 31, 2025, respectively. The per share calculation of Book Value is based on 557,902,002 common shares outstanding as of March 31, 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)Q1’26 annualized operating ROE is a non-GAAP measure. Q1’26 annualized operating ROE is calculated based on annualized pre-tax operating income of $273.7 million, excluding MSRs MTM loss, net of hedges, and other non-operating items of $(23.1) 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 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 - News 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, April 28, 2026 at 8:00 A.M. Eastern Time. A copy of the earnings release will be posted to the Investors - Events & Presentations section of Rithm Capital’s website, www.rithmcap.com.

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 First Quarter 2026 Earnings Call.” In addition, participants are encouraged to pre-register for the conference call at https://dpregister.com/sreg/10208453/103db8ca815.

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, May 5, 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 “2668521”.

Rithm Capital Corp. and Subsidiaries

Consolidated Statements of Operations (Unaudited)

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

Three Months Ended

March 31,

2026

December 31, 2025

Revenues

Servicing fee revenue, net and interest income from MSRs and MSR financing receivables $ 579,288 $ 570,070

Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(211,456) and $(232,554), respectively)

(204,229) (421,815)

Servicing revenue, net 375,059 148,255

Interest income 461,877 500,814

Gain on originated residential mortgage loans, held-for-sale, net 208,250 203,731

Asset management revenue 106,587 359,489

Rental revenue 191,691 46,202

Other revenue 36,772 32,258

1,380,236 1,290,749

Expenses

Interest expense and warehouse line fees 430,662 422,821

General, administrative and operating 336,002 261,366

Compensation and benefits 378,410 453,932

Depreciation and amortization 92,644 35,985

1,237,718 1,174,104

Other Income (Loss)

Realized and unrealized gains (losses), net (15,154) 50,876

Other income (loss), net 26,876 38,804

11,722 89,680

Income before Income Taxes 154,240 206,325

Income tax expense (benefit) 44,762 115,747

Net Income 109,478 90,578

Non-controlling interests in income of consolidated subsidiaries (146) 1,234

Redeemable non-controlling interests in income of consolidated subsidiaries 6,946 4,353

Net Income Attributable to Rithm Capital Corp. 102,678 84,991

Change in redemption value of redeemable non-controlling interests — —

Dividends on preferred stock 34,847 31,875

Net Income Attributable to Common Stockholders $ 67,831 $ 53,116

Net Income per Share of Common Stock

Basic $ 0.12 $ 0.10

Diluted $ 0.12 $ 0.09

Weighted Average Number of Shares of Common Stock Outstanding

Basic 556,720,287 555,021,130

Diluted 565,927,074 564,691,202

Dividends Declared per Share of Common Stock $ 0.25 $ 0.25

Rithm Capital Corp. and Subsidiaries

Consolidated Balance Sheets

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

March 31, 2026

(Unaudited)

December 31, 2025

Assets

Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value $ 10,859,933 $ 10,359,141

Government and government-backed securities ($5,041,769 and $5,230,139 at fair value, respectively)

5,066,754 5,254,905

Residential mortgage loans ($5,083,003 and $5,752,169 at fair value, respectively)(A)

5,137,741 5,808,960

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

805,294 784,399

Residential transition loans, at fair value 3,197,813 2,699,864

Residential mortgage loans subject to repurchase 4,427,618 3,952,792

Real estate, net(A)

6,174,559 6,175,735

Insurance company investments, at fair value 1,021,920 906,454

Cash, cash equivalents and restricted cash(A)

2,368,374 2,656,938

Servicer advances receivable 2,865,556 3,090,613

Other assets ($3,018,569 and $2,707,456 at fair value, respectively)(A)

5,714,249 5,583,976

Assets of Consolidated Entities(A):

Investments, at fair value and other assets 5,734,733 5,789,349

Total Assets $ 53,374,544 $ 53,063,126

Liabilities and Equity

Liabilities

Secured financing agreements(A)

$ 13,923,496 $ 13,763,802

Secured notes and bonds payable ($134,319 and $143,442 at fair value, respectively)(A)

14,827,171 15,203,770

Residential mortgage loan repurchase liability 4,427,618 3,952,792

Unsecured notes, net of issuance costs 1,424,635 1,421,088

Interest sensitive insurance contract liabilities 1,069,355 960,209

Dividends payable 179,104 178,900

Accrued expenses and other liabilities ($610,185 and $638,090 at fair value, respectively)(A)

3,085,378 3,349,643

Liabilities of Consolidated Entities(A):

Notes payable, at fair value and other liabilities 4,932,492 4,978,212

Total Liabilities 43,869,249 43,808,416

Commitments and Contingencies

Redeemable Noncontrolling Interests of Consolidated Subsidiaries 361,138 314,303

Stockholders’ Equity

Preferred stock, $0.01 par value, 100,000,000 shares authorized, 67,564,122 and 57,564,122 issued and outstanding, $1,689,104 and $1,439,104 aggregate liquidation preference, respectively

1,632,915 1,390,790

Common stock, $0.01 par value, 2,000,000,000 shares authorized, 557,902,002 and 555,880,947 issued and outstanding, respectively

5,579 5,559

Additional paid-in capital 6,998,267 6,982,991

Accumulated deficit (99,976) (19,945)

Accumulated other comprehensive income 73,292 71,092

Stockholders’ Equity in Rithm Capital Corp. 8,610,077 8,430,487

Non-controlling interests in equity of consolidated subsidiaries 534,080 509,920

Total Stockholders’ Equity 9,144,157 8,940,407

Total Liabilities and Equity $ 53,374,544 $ 53,063,126

(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: (i) net realized and unrealized gains and losses on certain assets and liabilities; (ii) net other income and losses; (iii) non-capitalized transaction-related expenses; (iv) depreciation and amortization on real estate investment properties; (v) straight-line rental income on commercial real estate properties; and (vi) deferred taxes.

The Company’s definition of earnings available for distribution excludes certain realized and unrealized losses, which although they represent a part of the Company’s recurring operations, are subject to significant variability and are generally limited to a potential indicator of future economic performance. Within net other income and losses, management primarily excludes (i) equity-based compensation expenses, (ii) non-cash deferred interest expense, (iii) amortization expense related to intangible assets and debt acquired below or above market prices and (iv) straight-line rental income on commercial real estate properties, as management does not consider this non-cash activity to be a component of earnings available for distribution. With regard to non-capitalized transaction-related expenses, management does not view these costs as part of the Company’s core operations, as they are considered by management to be similar to realized losses incurred at acquisition. Non-capitalized transaction related expenses generally relate to legal and valuation service costs, as well as other professional service fees, incurred when the Company acquires certain investments, as well as costs associated with the acquisition and integration of acquired businesses. Management also excludes deferred taxes because the Company believes deferred taxes are not representative of current 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. Earnings available for distribution excludes certain recurring items, such as gains and losses (including impairment and reserves as well as derivative activities) and non-capitalized transaction-related expenses, because they are not considered by management to be part of the Company’s core operations for the reasons described herein. 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

March 31,

2026 December 31,

2025

Net income attributable to common stockholders - GAAP $ 67,831 $ 53,116

Adjustments:

Realized and unrealized losses, net, including MSR change in valuation inputs and assumptions 71,844 166,648

Other loss, net 15,633 26,330

Depreciation and amortization 87,280 27,824

Non-capitalized transaction-related expenses 8,330 33,373

Deferred taxes 38,718 111,614

Earnings available for distribution - Non-GAAP $ 289,636 $ 418,905

Net income per diluted share $ 0.12 $ 0.09

Earnings available for distribution per diluted share $ 0.51 $ 0.74

Weighted average number of shares of common stock outstanding, diluted 565,927,074 564,691,202

SEGMENT INFORMATION

($ in thousands)

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

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

Rental revenue — — — 20,487 171,204 — 191,691

Other revenue 23,333 — — 6,385 7,054 — 36,772

Total Revenue 828,241 87,659 143,715 136,117 181,859 2,645 1,380,236

Interest expense and warehouse line fees 215,797 35,659 6,173 76,555 58,462 38,016 430,662

Other segment expenses 151,269 6,537 49,811 25,109 84,000 19,276 336,002

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 gains (losses), net — (606) (1,394) (13,034) (120) — (15,154)

Other income (loss), net 2,614 1,055 9,476 11,694 2,035 2 26,876

Total Other Income (Loss) 2,614 449 8,082 (1,340) 1,915 2 11,722

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

Fourth Quarter Ended December 31, 2025

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 $ 570,070 $ — $ — $ — $ — $ — $ 570,070

Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(232,554))

(421,815) — — — — — (421,815)

Servicing revenue, net 148,255 — — — — — 148,255

Interest income 305,075 82,075 16,470 93,696 337 3,161 500,814

Gain on originated residential mortgage loans, held-for-sale, net 188,023 — — 15,708 — — 203,731

Asset management revenue — — 359,229 — 260 — 359,489

Rental revenue — — — 20,369 25,833 — 46,202

Other revenue 24,556 — — 6,602 1,100 — 32,258

Total Revenue 665,909 82,075 375,699 136,375 27,530 3,161 1,290,749

Interest expense and warehouse line fees 254,331 34,960 6,720 87,927 8,188 30,695 422,821

Other segment expenses 159,952 9,073 48,215 26,661 13,124 4,341 261,366

Compensation and benefits 213,425 17,583 187,273 795 14,285 20,571 453,932

Depreciation and amortization 6,171 1,939 8,594 8,927 10,354 — 35,985

Total Operating Expenses 633,879 63,555 250,802 124,310 45,951 55,607 1,174,104

Realized and unrealized gains (losses), net — 6,829 3,565 40,464 18 — 50,876

Other income (loss), net 527 158 9,777 28,860 (520) 2 38,804

Total Other Income (Loss) 527 6,987 13,342 69,324 (502) 2 89,680

Income (Loss) before Income Taxes $ 32,557 $ 25,507 $ 138,239 $ 81,389 $ (18,923) $ (52,444) $ 206,325

Total Assets $ 27,459,943 $ 4,057,146 $ 4,514,978 $ 10,687,181 $ 5,885,235 $ 458,643 $ 53,063,126

Stockholders' Equity in Rithm Capital Corp. $ 5,566,600 $ 881,484 $ 1,365,165 $ 1,664,739 $ 1,068,309 $ (2,115,810) $ 8,430,487

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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