Rithm Capital (RITM-PC) Operating Expenses (2012 - 2026)
Rithm Capital (RITM-PC) recorded quarterly Operating Expenses of $1.2 billion in Q1 2026, up 5.42% quarter-over-quarter from $1.2 billion in Q4 2025, and up 33.37% on a YoY basis from $928.1 million in Q1 2025.
Rithm Capital (RITM-PC) Operating Expenses (2012 - 2026) Analysis & Trends
Rithm Capital's Operating Expenses history runs 15 years deep, the most recent figure standing at $1.2 billion for Q1 2026.
- In Q1 2026, Operating Expenses rose 33.37% year-over-year to $1.2 billion; the TTM figure through Mar 2026 stood at $4.3 billion (up 9.87% YoY), while the FY2025 annual figure was $4.0 billion, up 4.02% from the prior year.
- Operating Expenses was $1.2 billion for Q1 2026 at Rithm Capital, up from $1.2 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.2 billion in Q1 2026 to a low of $660.6 million in Q1 2023.
- Historically, Operating Expenses has averaged $901.3 million across 5 years, with a median of $928.1 million in 2025.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 127.56% in 2022, then sank 38.6% in 2023.
- A 5-year view of Operating Expenses shows it stood at $676.6 million in 2022, then advanced by 19.74% to $810.2 million in 2023, then increased by 29.09% to $1.0 billion in 2024, then grew by 12.26% to $1.2 billion in 2025, then advanced by 5.42% to $1.2 billion in 2026.
- The last three Operating Expenses figures came in at $1.2 billion (Q1 2026), $1.2 billion (Q4 2025), and $938.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | 63.74 Mn |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | 34.00 Mn |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 480.31 Mn |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | 1.24 Bn |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 110.77 Mn |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | 21.25 Mn |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | 15.35 Mn |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 80.37 Mn |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | 49.45 Mn |
| 10 | Rithm Capital | - | - | - | 1.24 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.24 Bn |
| Dec 31, 2025 | 1.17 Bn |
| Sep 30, 2025 | 938.86 Mn |
| Jun 30, 2025 | 951.85 Mn |
| Mar 31, 2025 | 928.07 Mn |
| Dec 31, 2024 | 1.05 Bn |
| Sep 30, 2024 | 991.17 Mn |
| Jun 30, 2024 | 950.87 Mn |
| Mar 31, 2024 | 850.66 Mn |
| Dec 31, 2023 | 810.19 Mn |
| Sep 30, 2023 | 754.37 Mn |
| Jun 30, 2023 | 695.76 Mn |
| Mar 31, 2023 | 660.57 Mn |
| Dec 31, 2022 | 676.60 Mn |
| Sep 30, 2022 | 719.60 Mn |
| Jun 30, 2022 | 1.13 Bn |
| Mar 31, 2022 | 803.26 Mn |
| Dec 31, 2021 | 901.23 Mn |
| Sep 30, 2021 | 716.11 Mn |
| Jun 30, 2021 | 497.93 Mn |