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
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