Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 119

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 119
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 %(A)Based on outstanding servicer advances, excluding purchased but unsettled servicer advances.(B)Ratio of face amount of borrowings to par amount of servicer advance collateral, net of any general reserve.(C)Annualized measure of the cost associated with borrowings. Gross cost of funds primarily includes interest expense and facility fees. Net cost of funds excludes facility fees.(D)The following table summarizes the types of advances included in servicer advance investments:September 30, 2025December 31, 2024Principal and interest advances$40,712 $51,135 Escrow advances (taxes and insurance advances)118,558 137,072 Foreclosure advances105,651 110,738 Total$264,921 $298,945 

15. GOODWILL AND INTANGIBLE ASSETS

As a result of acquisitions, the Company recognized intangible assets in the form of management contracts, customer relationships, purchased technology, trademarks and trade 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 September 30, 2025$29,468 $55,731 $48,633 $133,832  

36 

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)September 30, 2025December 31, 2024Gross Intangible Assets:Management contracts10$275,000 $275,000 Customer relationships2 to 979,753 79,753 Purchased technology3 to 7111,931 105,567 Trademarks / Trade names(A)1 to 510,259 10,259 LicensesIndefinite21,365 21,365 498,308 491,944 Accumulated Amortization:Management contracts51,492 30,940 Customer relationships38,