Rithm Capital Corp. reported third‑quarter 2025 results, posting GAAP net income of $193.7 million, or $0.35 per diluted share, and earnings available for distribution of $296.9 million, or $0.54 per diluted share.
Servicing fee revenue and interest income combined totaled $579.3 million, up slightly from $574.8 million in the prior quarter. The company’s servicing unpaid principal balance increased 7% year‑over‑year to $878 billion, including a 21% rise in third‑party servicing UPB to $282 billion.
Asset‑management revenues were $84.9 million, down from $95.0 million in the prior quarter, reflecting a shift in fee structures and a focus on higher‑margin assets.
The company maintained $2.1 billion in cash and liquidity and reported a return on equity of 11% for the quarter, driven by strong profitability in its Newrez origination and servicing segment.
Rithm Capital declared a $0.25 per share dividend, maintaining an 8.9% dividend yield. Management reiterated its guidance for the remainder of the year and highlighted continued expansion of its Genesis Capital residential transitional lending platform and Sculptor Capital alternative asset management business.
The company also announced pending acquisitions of Crestline Management and Paramount Group, expected to broaden its direct lending, insurance, and commercial real‑estate capabilities.
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