# Rithm Capital Corp.

Summary updated: 2026-10-02T16:43:44.605768Z
Canonical: https://finbar.com/research/companies/rithm-capital-corp

## Overview

Rithm Capital Corp. is a publicly traded, diversified real-estate and financial-services company. Its businesses span mortgage origination and servicing, residential and commercial real-estate lending and investment, mortgage servicing rights, structured credit and alternative asset management. The company describes its purpose as generating long-term investor value by identifying, acquiring, managing and enhancing real-estate-related and other financial assets. [1](https://app.finbar.com/go?id=P146050445) Its core reporting segments are Origination and Servicing, Residential Transitional Lending, Asset Management, Investment Portfolio and Commercial Real Estate. [2](https://app.finbar.com/go?id=P146050504)

Headquartered in New York City, Rithm also lists offices in London, Hong Kong, Tokyo, Toronto and Abu Dhabi. [1](https://app.finbar.com/go?id=P146050445) As scale indicators, it reported $54.1 billion in consolidated assets at June 30, 2026, and $2.667 billion in revenue for the six months ended that date. [3](https://app.finbar.com/go?id=T16716356)[4](https://app.finbar.com/go?id=T16445740) An external employee-data source reports 7,240 employees at year-end 2025. [5](https://stockanalysis.com/stocks/ritm/employees/) Rithm traces its origins to 2013, when it began as a mortgage-servicing-rights-focused business under Fortress Investment Group. [6](https://www.rithmcap.com/about)
[1](https://app.finbar.com/go?id=P146050445)[2](https://app.finbar.com/go?id=P146050504)[3](https://app.finbar.com/go?id=T16716356)[4](https://app.finbar.com/go?id=T16445740)[5](https://stockanalysis.com/stocks/ritm/employees/)[6](https://www.rithmcap.com/about)[5](https://stockanalysis.com/stocks/ritm/employees/)[6](https://www.rithmcap.com/about)

## Products & services

Rithm Capital’s Newrez business offers residential mortgage origination and servicing. Its mortgage products include fixed- and adjustable-rate, FHA, VA, specialty, renovation and assumable loans; home-equity offerings include HELOCs, home-equity loans and cash-out refinancing. Newrez generally retains servicing rights on loans it originates for sale or securitization, and its customer tools include HomeHub for loan and home-value information, payments and homeownership options. [7](https://app.finbar.com/go?id=P107071134)[8](https://www.newrez.com/types-of-mortgages/)[9](https://www.newrez.com/home-equity-loan/)[10](https://www.newrez.com/blog/self-help-articles/smarter-homeownership-starts-here-meet-newrez-homehub/)

Through Genesis Capital, Rithm provides short-term residential property financing for acquisition, rehabilitation, construction, development and investment. Genesis loans typically have initial terms of less than 18 months, subject to extension; named programs include construction, fix-and-flip, bridge, rental-hold, one-time-close and revolving-credit-line loans. [11](https://app.finbar.com/go?id=P106006144)[12](https://app.finbar.com/go?id=P84966228)[13](https://genesiscapital.com/loan-programs/)

Rithm’s asset-management services include investment management and advisory strategies in private and opportunistic credit, fund-liquidity solutions, real estate and insurance-related investments. Its investment portfolio includes real-estate securities, single-family rentals, residential mortgages and consumer loans. Newrez has also announced plans to deploy ValonOS, an AI-native mortgage-servicing platform. [14](https://app.finbar.com/go?id=P25212398)[15](https://app.finbar.com/go?id=P96798732)[16](https://app.finbar.com/go?id=P87010661)[17](https://www.newrez.com/press-news/ai-native-platform-to-advance-newrez-servicing-capabilities/)

For FY2025, reported segment revenue was $3,134.954 million for Origination & Servicing, $301.594 million for Residential Transitional Lending, $698.635 million for Asset Management and $444.549 million for Investment Portfolio, out of $4,590.228 million consolidated revenue. These amounts represented approximately 68.3%, 6.6%, 15.2% and 9.7%, respectively; percentages are calculated from the reported figures. [18](https://app.finbar.com/go?id=T2340682)
[7](https://app.finbar.com/go?id=P107071134)[11](https://app.finbar.com/go?id=P106006144)[12](https://app.finbar.com/go?id=P84966228)[14](https://app.finbar.com/go?id=P25212398)[15](https://app.finbar.com/go?id=P96798732)[16](https://app.finbar.com/go?id=P87010661)[18](https://app.finbar.com/go?id=T2340682)[8](https://www.newrez.com/types-of-mortgages/)[9](https://www.newrez.com/home-equity-loan/)[10](https://www.newrez.com/blog/self-help-articles/smarter-homeownership-starts-here-meet-newrez-homehub/)[13](https://genesiscapital.com/loan-programs/)[17](https://www.newrez.com/press-news/ai-native-platform-to-advance-newrez-servicing-capabilities/)

## Geographic presence

Rithm Capital’s principal executive offices are at 799 Broadway, New York, New York. Its mortgage-related portfolios have substantial U.S. state-level exposure: as of December 31, 2025, California represented 16.5% of UPB underlying Excess MSRs and MSRs, 11.6% of originated Newrez mortgage loans, and 36.8% of Genesis residential transition loans. California—primarily the Los Angeles area—was Genesis’s largest state concentration; Florida accounted for a further 12.0% of Genesis active-loan UPB. These are portfolio collateral concentrations, not revenue shares. [19](https://app.finbar.com/go?id=T16716082)[20](https://app.finbar.com/go?id=P22248010)[21](https://app.finbar.com/go?id=P42967547)

Newrez, a Rithm subsidiary, describes a nationwide network of more than 130 locations. Its listed Direct-to-Consumer team hubs include Fort Washington, Pennsylvania; Columbia, Maryland; Coppell, Texas; Tempe, Arizona; Troy, Michigan; and Charlotte, North Carolina, as well as remote roles. The cited company disclosures do not provide revenue by geographic region or employee distribution by location. [22](https://careers.newrez.com/)[23](https://careers.newrez.com/our-teams/sales/dtc)
[19](https://app.finbar.com/go?id=T16716082)[20](https://app.finbar.com/go?id=P22248010)[21](https://app.finbar.com/go?id=P42967547)[22](https://careers.newrez.com/)[23](https://careers.newrez.com/our-teams/sales/dtc)

## Business segments

Rithm Capital’s latest reported segmentation, for the six months ended June 30, 2026, comprises five reportable segments: Origination and Servicing, focused on mortgage servicing and residential mortgage origination and sales; Residential Transitional Lending, which originates and manages short-term loans for residential construction, development, or investment; Asset Management, which earns management and incentive fees; Investment Portfolio, which holds real-estate securities, single-family rental properties, residential mortgage and consumer loans, and related investments; and Commercial Real Estate, which owns, operates, and manages commercial properties, with revenue primarily from rents and property-related income. [2](https://app.finbar.com/go?id=P146050504)[24](https://app.finbar.com/go?id=P146050455) By H1 2026 revenue, their approximate contributions were 57.5%, 7.2%, 11.7%, 9.7%, and 13.8%, respectively. [25](https://app.finbar.com/go?id=T16716125) Corporate is shown separately as a reconciling category, not a reportable segment, and contributed about 0.2% of revenue. [26](https://app.finbar.com/go?id=P146050499)[25](https://app.finbar.com/go?id=T16716125)

In the 2025 annual segment presentation, revenue contributions were approximately 68.3% Origination and Servicing, 6.6% Residential Transitional Lending, 15.2% Asset Management, and 9.7% Investment Portfolio; Corporate contributed about 0.2%. [18](https://app.finbar.com/go?id=T2340682) Commercial real estate activities were included in Asset Management in that presentation. In Q1 2026, Rithm moved those activities into a new Commercial Real Estate segment and revised its segment composition; therefore, the FY2025 and H1 2026 segment shares are not directly like-for-like. [27](https://app.finbar.com/go?id=P146050500)
[2](https://app.finbar.com/go?id=P146050504)[24](https://app.finbar.com/go?id=P146050455)[25](https://app.finbar.com/go?id=T16716125)[25](https://app.finbar.com/go?id=T16716125)[25](https://app.finbar.com/go?id=T16716125)[25](https://app.finbar.com/go?id=T16716125)[25](https://app.finbar.com/go?id=T16716125)[25](https://app.finbar.com/go?id=T16716125)[25](https://app.finbar.com/go?id=T16716125)[26](https://app.finbar.com/go?id=P146050499)[18](https://app.finbar.com/go?id=T2340682)[18](https://app.finbar.com/go?id=T2340682)[18](https://app.finbar.com/go?id=T2340682)[18](https://app.finbar.com/go?id=T2340682)[18](https://app.finbar.com/go?id=T2340682)[27](https://app.finbar.com/go?id=P146050500)[28](https://www.sec.gov/Archives/edgar/data/1556593/000155659326000029/nrz-20260630.htm)[29](https://www.sec.gov/Archives/edgar/data/1556593/000155659326000012/nrz-20251231.htm)

## Company history

Rithm Capital Corp. began as New Residential Investment Corp., spun off from Newcastle Investment Corp. in May 2013; its shares began regular-way trading on the NYSE the following day. [30](https://www.sec.gov/Archives/edgar/data/1556593/000119312513226297/d540439d8k.htm) In 2015, it acquired Home Loan Servicing Solutions’ assets and liabilities, expanding its mortgage-related activities. [31](https://ir.rithmcap.com/investors/news/news-details/2015/New-Residential-Announces-First-Quarter-2015-Results-05-08-2015/default.aspx) It agreed to acquire Shellpoint Partners in 2017 and completed the deal in 2018, adding mortgage origination and servicing capabilities; in 2019, it acquired select Ditech assets. [32](https://ir.rithmcap.com/investors/news/news-details/2018/New-Residential-Announces-Fourth-Quarter-Full-Year-2017-Results-02-13-2018/default.aspx)[33](https://ir.rithmcap.com/investors/news/news-details/2018/New-Residential-Announces-Second-Quarter-2018-Results-07-26-2018/default.aspx)[34](https://ir.rithmcap.com/investors/news/news-details/2019/New-Residential-Investment-Corp.-Announces-Third-Quarter-2019-Results-10-25-2019/default.aspx)

In 2021, the company acquired Caliber Home Loans, adding a mortgage origination business. [35](https://ir.rithmcap.com/investors/news/news-details/2021/New-Residential-Investment-Corp.-Announces-Third-Quarter-2021-Results-11-02-2021/default.aspx) In 2022, it internalized management, changed its name to Rithm Capital Corp. and changed its NYSE ticker from NRZ to RITM. [36](https://www.sec.gov/Archives/edgar/data/1556593/000114036122027825/brhc10040316_8k.htm)[37](https://www.sec.gov/Archives/edgar/data/1556593/000155659322000036/R10.htm) Its 2023 acquisition of Sculptor Capital Management marked an expansion into alternative asset management. [38](https://ir.rithmcap.com/investors/news/news-details/2023/Rithm-Capital-Corp.-to-Acquire-Sculptor-Capital-Management-07-24-2023/default.aspx)[39](https://www.rithmcap.com/news/rithm-capital-corp-completes-acquisition-of-sculptor-capital-management/) In 2024, it completed a strategic transaction with Great Ajax, which later became Rithm Property Trust; in 2025, Rithm completed acquisitions of Crestline and Paramount Group. [40](https://ir.rithmcap.com/investors/news/news-details/2024/Rithm-Capital-Corp.-and-Great-Ajax-Corp.-Complete-Transaction/default.aspx)[41](https://app.finbar.com/go?id=P50740033)[42](https://app.finbar.com/go?id=P96800234)
[41](https://app.finbar.com/go?id=P50740033)[42](https://app.finbar.com/go?id=P96800234)[30](https://www.sec.gov/Archives/edgar/data/1556593/000119312513226297/d540439d8k.htm)[31](https://ir.rithmcap.com/investors/news/news-details/2015/New-Residential-Announces-First-Quarter-2015-Results-05-08-2015/default.aspx)[32](https://ir.rithmcap.com/investors/news/news-details/2018/New-Residential-Announces-Fourth-Quarter-Full-Year-2017-Results-02-13-2018/default.aspx)[33](https://ir.rithmcap.com/investors/news/news-details/2018/New-Residential-Announces-Second-Quarter-2018-Results-07-26-2018/default.aspx)[34](https://ir.rithmcap.com/investors/news/news-details/2019/New-Residential-Investment-Corp.-Announces-Third-Quarter-2019-Results-10-25-2019/default.aspx)[35](https://ir.rithmcap.com/investors/news/news-details/2021/New-Residential-Investment-Corp.-Announces-Third-Quarter-2021-Results-11-02-2021/default.aspx)[36](https://www.sec.gov/Archives/edgar/data/1556593/000114036122027825/brhc10040316_8k.htm)[37](https://www.sec.gov/Archives/edgar/data/1556593/000155659322000036/R10.htm)[38](https://ir.rithmcap.com/investors/news/news-details/2023/Rithm-Capital-Corp.-to-Acquire-Sculptor-Capital-Management-07-24-2023/default.aspx)[39](https://www.rithmcap.com/news/rithm-capital-corp-completes-acquisition-of-sculptor-capital-management/)[40](https://ir.rithmcap.com/investors/news/news-details/2024/Rithm-Capital-Corp.-and-Great-Ajax-Corp.-Complete-Transaction/default.aspx)

## Sources

1. [Rithm Capital Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P146050445)
2. [Rithm Capital Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P146050504)
3. [Rithm Capital Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16716356)
4. [Rithm Capital Corp. — Press release (2026 Q 2)](https://app.finbar.com/go?id=T16445740)
5. [stockanalysis.com](https://stockanalysis.com/stocks/ritm/employees/)
6. [www.rithmcap.com](https://www.rithmcap.com/about)
7. [Rithm Capital Corp. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P107071134)
8. [www.newrez.com](https://www.newrez.com/types-of-mortgages/)
9. [www.newrez.com](https://www.newrez.com/home-equity-loan/)
10. [www.newrez.com](https://www.newrez.com/blog/self-help-articles/smarter-homeownership-starts-here-meet-newrez-homehub/)
11. [Rithm Capital Corp. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P106006144)
12. [Rithm Capital Corp. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P84966228)
13. [genesiscapital.com](https://genesiscapital.com/loan-programs/)
14. [Rithm Capital Corp. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P25212398)
15. [Rithm Capital Corp. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P96798732)
16. [Rithm Capital Corp. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P87010661)
17. [www.newrez.com](https://www.newrez.com/press-news/ai-native-platform-to-advance-newrez-servicing-capabilities/)
18. [Rithm Capital Corp. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T2340682)
19. [Rithm Capital Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16716082)
20. [Rithm Capital Corp. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P22248010)
21. [Rithm Capital Corp. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P42967547)
22. [careers.newrez.com](https://careers.newrez.com/)
23. [careers.newrez.com](https://careers.newrez.com/our-teams/sales/dtc)
24. [Rithm Capital Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P146050455)
25. [Rithm Capital Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16716125)
26. [Rithm Capital Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P146050499)
27. [Rithm Capital Corp. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P146050500)
28. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1556593/000155659326000029/nrz-20260630.htm)
29. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1556593/000155659326000012/nrz-20251231.htm)
30. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1556593/000119312513226297/d540439d8k.htm)
31. [ir.rithmcap.com](https://ir.rithmcap.com/investors/news/news-details/2015/New-Residential-Announces-First-Quarter-2015-Results-05-08-2015/default.aspx)
32. [ir.rithmcap.com](https://ir.rithmcap.com/investors/news/news-details/2018/New-Residential-Announces-Fourth-Quarter-Full-Year-2017-Results-02-13-2018/default.aspx)
33. [ir.rithmcap.com](https://ir.rithmcap.com/investors/news/news-details/2018/New-Residential-Announces-Second-Quarter-2018-Results-07-26-2018/default.aspx)
34. [ir.rithmcap.com](https://ir.rithmcap.com/investors/news/news-details/2019/New-Residential-Investment-Corp.-Announces-Third-Quarter-2019-Results-10-25-2019/default.aspx)
35. [ir.rithmcap.com](https://ir.rithmcap.com/investors/news/news-details/2021/New-Residential-Investment-Corp.-Announces-Third-Quarter-2021-Results-11-02-2021/default.aspx)
36. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1556593/000114036122027825/brhc10040316_8k.htm)
37. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1556593/000155659322000036/R10.htm)
38. [ir.rithmcap.com](https://ir.rithmcap.com/investors/news/news-details/2023/Rithm-Capital-Corp.-to-Acquire-Sculptor-Capital-Management-07-24-2023/default.aspx)
39. [www.rithmcap.com](https://www.rithmcap.com/news/rithm-capital-corp-completes-acquisition-of-sculptor-capital-management/)
40. [ir.rithmcap.com](https://ir.rithmcap.com/investors/news/news-details/2024/Rithm-Capital-Corp.-and-Great-Ajax-Corp.-Complete-Transaction/default.aspx)
41. [Rithm Capital Corp. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P50740033)
42. [Rithm Capital Corp. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P96800234)

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