Rithm Capital (RITM) Operating Expenses (2012 - 2026)
Rithm Capital's (RITM) quarterly Operating Expenses came in at $1.3 billion in Q2 2026, up 34.0% year-over-year from $951.8 million in Q2 2025, and up 3.05% quarter-over-quarter from $1.2 billion in Q1 2026.
Analysis
Rithm Capital (RITM) Operating Expenses (2012 - 2026) Analysis & Trends
Rithm Capital (RITM) has reported Operating Expenses for 15 consecutive years, with $1.3 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 34.0% year-over-year to $1.3 billion in Q2 2026; TTM through Jun 2026 was $4.6 billion, a 18.11% increase from a year earlier, with the FY2025 full-year figure at $4.0 billion, up 4.02% from the prior year.
- Operating Expenses was $1.3 billion for Q2 2026 at Rithm Capital, up from $1.2 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.3 billion in Q2 2026 and troughed at $660.6 million in Q1 2023.
- A 5-year average of $922.1 million and a median of $933.5 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 127.56% in 2022 and sank 38.6% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $676.6 million in 2022, then increased by 19.74% to $810.2 million in 2023, then advanced by 29.09% to $1.0 billion in 2024, then gained by 12.26% to $1.2 billion in 2025, then increased by 8.63% to $1.3 billion in 2026.
- The last three Operating Expenses figures came in at $1.3 billion (Q2 2026), $1.2 billion (Q1 2026), and $1.2 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | 16.21 Mn |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 51.40 Mn |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 111.00 Mn |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | 17.16 Mn |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 76.02 Mn |
| 10 | Orchid Island Capital | 1.32 Bn | 637.53 Mn | 61.82 Mn | 6.76 Mn |
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 |