Rithm Capital (RITM-PF) Operating Expenses (2012 - 2026)

Rithm Capital (RITM-PF) 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-PF) 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
DateValue
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