Rithm Capital (RITM) Operating Expenses (2012 - 2026)
Rithm Capital (RITM) posted quarterly Operating Expenses of $1.2 billion for Q1 2026, up 33.37% year-over-year from $928.1 million in Q1 2025, and up 5.42% quarter-over-quarter from $1.2 billion in Q4 2025.
Rithm Capital (RITM) Operating Expenses (2012 - 2026) Analysis & Trends
Rithm Capital (RITM) has reported Operating Expenses for 15 consecutive years, with $1.2 billion the latest figure, recorded in 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 grew to $1.2 billion in Q1 2026 per RITM's latest filing, from $1.2 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.2 billion in Q1 2026 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 127.56% — and 2023, when it plunged 38.6%.
- Rithm Capital's Operating Expenses stood at $676.6 million in 2022, then gained by 19.74% to $810.2 million in 2023, then grew by 29.09% to $1.0 billion in 2024, then climbed by 12.26% to $1.2 billion in 2025, then gained by 5.42% to $1.2 billion in 2026.
- Business Quant data shows RITM's Operating Expenses at $1.2 billion in Q1 2026, $1.2 billion in Q4 2025, and $938.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 16.21 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 111.00 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 17.16 Mn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 76.02 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 6.76 Mn |
| 10 | Two Harbors Investment | 1.26 Bn | 617.08 Mn | - | 51.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.28 Bn |
| 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 |