Rithm Q2 2026 GAAP net income drops to $20.2 million; earnings available for distribution rises to $338.9 million

Rithm Capital posted Q2 GAAP net income attributable to common stockholders of $20.2 million, or $0.04 per diluted share, down from $67.8 million, or $0.12.

Non-GAAP earnings available for distribution rose to $338.9 million, or $0.60 per diluted share, from $289.6 million, or $0.51.

Asset management AUM climbed to $61 billion from $59 billion, while asset management revenue rose 34% quarter-over-quarter to $141 million.

Newrez pre-tax operating income excluding MSR mark-to-market items increased to $307.6 million from $273.7 million, while Genesis origination volume grew 52% year-over-year to $1.9 billion.

Revenue fell to from , while book value per common share was .