Rithm Capital reported second quarter 2026 GAAP EPS of $0.04 on total revenue of $1.28 billion. The company's non-GAAP Earnings Available for Distribution (EAD) was $0.60 per share, surpassing analyst estimates of $0.50.
Key Highlights
- Book value per share was reported at $12.33, a slight decrease from the previous quarter and missing the $12.51 estimate.
- The asset management platform showed continued growth, with Assets Under Management (AUM) reaching $61 billion, up from $59 billion in the prior quarter, driving a 34% sequential increase in segment revenue to $141 million.
- The Genesis Capital residential transitional lending platform posted a record origination volume of $1.9 billion, a 52% increase year-over-year.