Rithm Capital (RITM) Operating Expenses (2012 - 2026)
Rithm Capital's (RITM) quarterly Operating Expenses came in at $1.2 billion in Q1 2026, up 33.37% year-on-year from $928.1 million in Q1 2025, and up 5.42% on a QoQ basis from $1.2 billion in Q4 2025.
Rithm Capital (RITM) Operating Expenses (2012 - 2026) Analysis & Trends
Rithm Capital (RITM) has 15 years of Operating Expenses data on file, last reported at $1.2 billion in Q1 2026.
- On a quarterly basis, Operating Expenses rose 33.37% year-over-year to $1.2 billion in Q1 2026; TTM through Mar 2026 was $4.3 billion, a 9.87% increase from a year earlier, with the FY2025 full-year figure at $4.0 billion, up 4.02% from the prior year.
- Operating Expenses for Q1 2026 stood at $1.2 billion, up from $1.2 billion in the prior quarter.
- Over the last five years, Operating Expenses for RITM reached as high as $1.2 billion in Q1 2026 and fell as low as $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.
- Across the five-year window, Operating Expenses soared 127.56% in 2022 and slumped 38.6% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $676.6 million in 2022, then climbed by 19.74% to $810.2 million in 2023, then rose by 29.09% to $1.0 billion in 2024, then increased by 12.26% to $1.2 billion in 2025, then climbed by 5.42% to $1.2 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.2 billion in Q1 2026, $1.2 billion in Q4 2025, and $938.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | 63.74 Mn |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | 34.00 Mn |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 480.31 Mn |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | 1.24 Bn |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 110.77 Mn |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 80.37 Mn |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | 21.25 Mn |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | 17.16 Mn |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | 49.45 Mn |
| 10 | Ladder Capital | 1.20 Bn | 1.17 Bn | - | 48.74 Mn |
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 |