Rithm Capital Reports Q1 GAAP Net Income of $67.8M, EAD of $289.6M, Book Value $12.51
RITM sits 20% above its 52-week low of $8.43.
Summary
Rithm Capital reported Q1 2026 GAAP net income of $67.8 million and earnings available for distribution (EAD) of $289.6 million, or $0.51 per diluted common share. The company also declared a common dividend of $0.25 per share and reported a book value of $12.51 per common share. This earnings report follows the company's full-year 2025 results, which saw a 32.1% decrease in net income. The Q1 2026 GAAP net income of $67.8 million is lower than the implied quarterly run rate from the previous year, continuing a trend of reduced GAAP profitability. Quarterly earnings are a critical update for investors, providing insight into the company's financial health and operational performance. While GAAP net income appears to be trending lower, the strong EAD, which more than covers the dividend, and positive operational highlights in mortgage origination, servicing, and asset management, offer a more nuanced view. Traders will assess these results against analyst expectations and monitor the sustainability of EAD and book value trends, especially given the lower GAAP net income.
At the time of this announcement, RITM was trading at $10.13 on NYSE in the Finance sector, with a market capitalization of approximately $5.7B. The 52-week trading range was $8.43 to $12.74. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Wiseek News.