Rithm Capital (RITM) Operating Expenses (2012 - 2026)
Rithm Capital's Operating Expenses came in at $1.28 billion for Q2 2026, up 34.0% from $951.85 million a year earlier and up 3.1% from the prior quarter.
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Analysis
Rithm Capital (RITM) Operating Expenses (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Rithm Capital reported Operating Expenses of $4.63 billion, up 18.1% year-over-year; for FY2025, it came in at $3.99 billion, up 4.0% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 17.4% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $3.84 billion in FY2024 (+30.1%), $2.95 billion in FY2023 (-12.0%), $3.35 billion in FY2022 (+28.0%) and $2.62 billion in FY2021 (+46.0%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q1 2012.
- Year-over-year, Operating Expenses has increased for three consecutive quarters, with growth averaging 18.0% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2021 (growth of 196.6%), and the weakest in Q2 2023 (a decline of 38.6%).
- Business Quant data shows RITM's Operating Expenses at $1.24 billion (Q1 2026), $1.17 billion (Q4 2025) and $938.86 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Orix | 43.85 Bn | 44.35 Bn | - | 4.66 Bn |
| 2 | Rocket Companies | 43.67 Bn | 29.35 Bn | - | 2.50 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.48 Bn | - | 541.02 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 25.52 Bn | 25.52 Bn | - | 2.07 Bn |
| 5 | Synchrony Financial | 23.24 Bn | -44.73 Bn | - | 1.33 Bn |
| 6 | Affirm Holdings | 22.66 Bn | 16.35 Bn | - | 1.02 Bn |
| 7 | Royal Gold | 20.35 Bn | 19.57 Bn | 390.45 Mn | 173.18 Mn |
| 8 | Annaly Capital Management | 15.27 Bn | 6.37 Bn | - | 58.19 Mn |
| 9 | Ares Capital | 13.74 Bn | 11.17 Bn | - | - |
| 10 | Rithm Capital | 5.08 Bn | -3.79 Bn | - | 1.28 Bn |
Historic Data
Download Data
Historic 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 |
API Access
Rithm Capital Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=RITM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "RITM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=RITM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();