Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 262

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 262
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 names. The Company also recognized goodwill on certain acquisitions. Goodwill and intangible assets are presented within other assets on the consolidated balance sheets.The following table summarizes the carrying value of goodwill by reportable segment:Origination and ServicingResidential Transitional LendingAsset ManagementTotalBalance at December 31, 2024$29,468 $55,731 $48,633 $133,832 Impairment loss— — — — Balance at June 30, 2025$29,468 $55,731 $48,633 $133,832  

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RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(dollars in tables in thousands, except share and per share data)

The following table summarizes the acquired identifiable intangible assets:Estimated Useful Lives (Years)June 30, 2025December 31, 2024Gross Intangible Assets:Management contracts10$275,000 $275,000 Customer relationships2 to 979,753 79,753 Purchased technology3 to 7110,035 105,567 Trademarks / Trade names(A)1 to 510,259 10,259 LicensesIndefinite21,365 21,365 496,412 491,944 Accumulated Amortization:Management contracts44,566 30,940 Customer relationships35,388 25,773 Purchased technology103,163 97,259 Trademarks / Trade names6,613 6,023 189,730 159,995 Intangible Assets, Net:Management contracts230,434 244,060 Customer relationships44,365 53,980 Purchased technology6,872 8,308 Trademarks / Trade names(A)3,646 4,236 Licenses21,365 21,365 $306,682 $331,949 (A)Includes indefinite-lived intangible assets of $1.9 million as of June 30, 2025 and December 31, 2024.The Company did not record any impairment loss on its intangible assets for the three and six months ended June 30, 2025 and 2024.The following table summarizes the amortization expense recorded by the Company related to its intangible assets. Amortization expense related to intangible assets is included in