How Rithm Capital makes money

Period

FY2025

How does Rithm Capital make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Rithm Capital Corp. · FY2025 · year ended 2025-12-31

Revenue$4.6BGross profit$4.6B · 100%Cost of revenue$0 · 0%Operating income$597M · 13%Operating expenses$4.0B · 87%SG&A$1.0B · 22%Other opex$3.0B · 65%Pre-tax income$785M · 17%Other income$188M · 4%Net income$697M · 15%Income tax$88M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.