Rithm Capital Corp. provides capital and services to the real estate and financial services sectors in the United States. Its investment portfolio comprises mortgage servicing related assets, residential securities and loans, and consumer loans. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as New Residential Investment Corp. and changed its name to Rithm Capital Corp. in August 2022. Rithm Capital Corp. was incorporated in 2011 and is headquartered in New York, New York.
Revenue of Rithm Capital Corp. (RITM)
Revenue in 2023 (TTM): $1.29 B
According to Rithm Capital Corp.'s latest financial reports the company's current revenue (TTM) is $1.29 B. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Rithm Capital Corp.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $1.29 B | $507.48 M | $-223,273,000 | $752.83 M | $622.26 M |
| 2022 | $3.82 B | $2.58 B | $-90,091,000,000 | $1.26 B | $954.52 M |
| 2021 | $3.04 B | $1.92 B | $936.52 M | $963.81 M | $772.23 M |
| 2020 | $-21,339,000 | $-131,547,000 | $-1,393,442,000 | $-1,340,768,000 | $-1,357,684,000 |
| 2019 | $1.39 B | $962.09 M | $605.06 M | $647.7 M | $563.3 M |
| 2018 | $1.43 B | $1.37 B | $1.5 B | $931.1 M | $963.97 M |
| 2017 | $1.39 B | $1.03 B | $1.59 B | $1.18 B | $957.53 M |
| 2016 | $822.76 M | $686.62 M | $916.79 M | $621.63 M | $504.45 M |
| 2015 | $338.33 M | $281.87 M | $531.65 M | $270.88 M | $268.64 M |
| 2014 | $478.43 M | $474.52 M | $516.54 M | $465.06 M | $352.88 M |
| 2013 | $313.55 M | $313.24 M | $280.97 M | $265.62 M | $265.95 M |
| 2012 | $41.46 M | $41.46 M | $41.95 M | $41.25 M | $41.25 M |