Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 62

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 62
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, respectively. See Note 20 for further details. 

See notes to consolidated financial statements. 

1

RITHM CAPITAL CORP. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)(dollars in thousands, except share and per share data)

Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024RevenuesServicing fee revenue, net and interest income from MSRs and MSR financing receivables$574,817 $498,978 $1,145,618 $968,869 Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(176,680), $(165,138), $(323,571) and $(281,977), respectively)(155,005)(141,884)(488,383)(122,966)Servicing revenue, net419,812 357,094 657,235 845,903 Interest income478,455 478,653 919,715 913,448 Gain on originated residential mortgage loans, held-for-sale, net169,698 153,741 329,487 296,199 Other revenues54,066 56,500 104,839 114,848 Asset management revenues95,008 109,433 182,680 180,384 1,217,039 1,155,421 2,193,956 2,350,782 ExpensesInterest expense and warehouse line fees417,868 465,944 836,922 875,771 General and administrative239,575 214,474 477,121 419,526 Compensation and benefits294,407 270,448 565,874 506,226 951,850 950,866 1,879,917 1,801,523 Other Income (Loss)Realized and unrealized gains, net22,741 59,217 21,598 79,628 Other income, net18,478 26,393 27,551 42,177 41,219 85,610 49,149 121,805 Income before Income Taxes306,408 290,165 363,188 671,064 Income tax expense (benefit)(11,598)51,648 (35,528)145,060 Net Income318,006