Rithm Capital Corp.
For the period ended Sep 30, 2026. Filed Nov 2, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 2, 2026
RITM$9.27-1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
RITHM CAPITAL CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(dollars in thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash Flows From Operating Activities | ||
| Net income | $438,665 | $627,514 |
| Adjustments to reconcile net income to net cash flows from operating activities: | ||
| Change in fair value of investments, net | (8,526) | (81,668) |
| Change in fair value of secured notes and bonds payable | (22,140) | 26,053 |
| Gain on settlement of investments, net | (215,629) | (19,871) |
| Gain on sale of originated residential mortgage loans, held-for-sale, net | (629,413) | (525,795) |
| Gain on transfer of loans to real estate owned (“REO”) | (2,795) | (707) |
| Depreciation and amortization | 278,619 | 71,492 |
| Deferred financing cost amortization and other accretion | (33,657) | (39,999) |
| Provision for (reversal of) credit losses on securities, loans and REO | 5,089 | (4,026) |
| Non-cash portions of servicing revenue, net | 565,439 | 789,991 |
| Deferred tax provision | 307,077 | (51,265) |
| Mortgage loans originated and purchased for sale, net of fees | (47,107,948) | (46,948,096) |
| Sales proceeds and loan repayment proceeds for residential mortgage loans, held-for-sale | 44,441,196 | 44,240,046 |
| Interest received from servicer advance investments, RMBS, loans and other | 38,771 | 36,264 |
| Principal repayments and sales proceeds of investments of consolidated entities | 655,455 | 750,822 |
| Loan originations and investment purchases of consolidated entities | (216,989) | (531,002) |
| Changes in: | ||
| Servicer advances receivable | 205,118 | 513,220 |
| Other assets | (40,097) | (13,947) |
| Accrued expenses and other liabilities | 27,914 | (16,496) |
| Net cash used in operating activities | (1,313,851) | (1,177,470) |
RITHM CAPITAL CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED), CONTINUED
(dollars in thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash Flows From Investing Activities | ||
| Purchase of servicer advance investments | (491,375) | (520,334) |
| Purchase of government-backed and other securities | — | (1,974,571) |
| Proceeds from sale of government-backed and other securities | — | 1,291 |
| Purchase of Treasury securities | (49,500) | (74,222) |
| Treasury sales and Treasury securities payable | — | 3,269,180 |
| Reverse repurchase agreements entered and repurchase agreements closed | — | (507,863) |
| Reverse repurchase agreements closed and repurchase agreements entered | — | 503,863 |
| Maturity of Treasury securities | 50,000 | 75,000 |
| Purchase of SFR properties, MSRs and other assets | (280,624) | (263,218) |
| Purchase of residential transition loans | (14,204) | (3,434) |
| Origination of residential transition loans | (3,786,132) | (2,995,193) |
| Purchase of consumer loans | (925,426) | (220,962) |
| Draws on revolving consumer loans | (12,811) | (16,820) |
| Purchase of commercial real estate | (157,041) | — |
| Purchase of insurance company investments, at fair value | (605,114) | — |
| Net settlement of derivatives and hedges | (618,248) | 112,461 |
| Return of investments in Excess MSRs | 20,490 | 31,455 |
| Return of investments in equity method investees | 55,578 | 3,343 |
| Principal repayments from servicer advance investments | 508,224 | 557,931 |
| Principal repayments from government, government-backed and other securities | 526,698 | 583,533 |
| Principal repayments from residential mortgage loans | 31,517 | 31,996 |
| Principal repayments from consumer loans | 321,461 | 315,250 |
| Principal repayments and sales proceeds of residential transition loans | 1,523,886 | 1,475,251 |
| Principal repayments and sales proceeds of insurance company investments, at fair value | 297,430 | — |
| Principal repayments and sales proceeds of investments of consolidated entities | 904,769 | 814,039 |
| Loan originations and investment purchases of consolidated entities | (95,496) | — |
| Settlement of sale of MSRs | (2,338) | 116 |
| Proceeds from sale of real estate properties | 276,448 | 24,268 |
| Net cash provided by (used in) investing activities | (2,521,808) | 1,222,360 |
RITHM CAPITAL CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED), CONTINUED
(dollars in thousands)
| Nine Months EndedSeptember 30, | |||
|---|---|---|---|
| 2026 · 2025 | |||
| Cash Flows From Financing Activities | |||
| Repayments of secured financing agreements | (29,295,130) | (43,614,956) | |
| Repayments of warehouse credit facilities | (67,517,922) | (56,363,065) | |
| Repayment of unsecured notes | (18,326) | (291,476) | |
| Net settlement of margin deposits under repurchase agreements and derivatives | (478,735) | 245,536 | |
| Repayments of secured notes and bonds payable | (6,463,672) | (5,131,021) | |
| Deferred financing fees | (33,913) | (16,838) | |
| Dividends paid on common and preferred stock | (525,047) | (476,770) | |
| Borrowings under secured financing agreements | 29,023,417 | 41,778,417 | |
| Borrowings under warehouse credit facilities | 68,269,110 | 57,930,466 | |
| Borrowings under residential transition loans financing | — | 88,422 | |
| Borrowings under secured notes and bonds payable | 6,153,708 | 4,376,797 | |
| Proceeds from issuance of unsecured senior notes | 495,000 | 495,000 | |
| Proceeds from issuance of debt obligations of consolidated entities | 4,342,972 | 703,042 | |
| Repayments of debt obligations of consolidated entities | (870,798) | (276,743) | |
| Premiums collected on insurance contract liabilities | 265,208 | — | |
| Benefits paid, surrenders and withdrawals on insurance contract liabilities | (58,566) | — | |
| Issuance of common stock | — | 398,077 | |
| Issuance of preferred stock | 242,125 | 184,015 | |
| Repurchase of preferred stock | — | (50,000) | |
| Net proceeds from issuance of Units of SPAC | — | 230,000 | |
| Contributions from non-controlling and redeemable non-controlling interests | 108,768 | 84,538 | |
| Distributions to non-controlling and redeemable non-controlling interests | (42,508) | (10,366) | |
| Other capital activity | 1,592 | — | |
| Net cash provided by financing activities | 3,597,283 | 283,075 | |
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | (238,376) | 327,965 | |
| Cash, Cash Equivalents and Restricted Cash, Beginning of Period (Note 12) | 2,789,413 | 1,917,809 | |
| Cash, Cash Equivalents and Restricted Cash, End of Period (Note 12) | $2,551,037 | $2,245,774 | |
| Supplemental Disclosure of Cash Flow Information | |||
| Cash paid during the period for interest and warehouse line fees | $1,406,118 | $1,319,811 | |
| Cash paid during the period for income taxes, net of refunds | 11,398 | 22,743 | |
| Supplemental Schedule of Non-Cash Investing and Financing Activities | |||
| Dividends declared but not paid on common and preferred stock | 190,451 | 169,565 | |
| Transfer from residential mortgage loans to REO and other assets | 31,719 | 23,384 | |
| Liabilities related to deconsolidated CFEs | 857,315 | — | |
| Retained interests in CFEs | 129,585 | 59,054 | |
| Purchase of Agency RMBS, settled after quarter-end | 535,039 | ||
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