Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 183

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 183
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 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 EndedMarch 31,20252024RevenuesServicing fee revenue, net and interest income from MSRs and MSR financing receivables$570,801 $469,891 Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(146,891) and $(116,839), respectively)(541,916)84,175 Servicing revenue, net28,885 554,066 Interest income441,260 434,795 Gain on originated residential mortgage loans, held-for-sale, net159,789 142,458 Other revenues50,773 58,348 Asset management revenues87,672 70,951 768,379 1,260,618 ExpensesInterest expense and warehouse line fees419,054 409,827 General and administrative237,546 205,052 Compensation and benefits271,467 235,778 928,067 850,657 Other Income (Loss)Realized and unrealized gains (losses), net207,395 (44,846)Other income, net9,073 15,784 216,468 (29,062)Income before Income Taxes56,780 380,899 Income tax expense (benefit)(23,930)93,412 Net Income80,710 287,487 Noncontrolling interests in income of consolidated subsidiaries1,086 3,452 Redeemable noncontrolling interests in income of consolidated subsidiaries813 — Net Income Attributable to Rithm Capital Corp.78,811 284,035 Change in redemption value of redeemable noncontrolling interests15,611 — Dividends on preferred stock26,677 22,395 Net Income Attributable to Common Stockholders$36,523 $261,640 Net Income per Share of Common StockBasic$0.07 $0.54 Diluted$0.07 $0.54 Weighted Average Number of Shares of Common Stock OutstandingBasic524,104,842 483,336,777 Diluted530,599,555 485,931,