Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 409

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 409
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 Net cash provided by (used in) investing activities596,742 (1,411,305)2,008,047 Net cash provided by (used in) financing activities(1,227,854)2,475,865 (3,703,719)Net increase (decrease) in cash and cash equivalents and restricted cash233,075 (135,380)368,455 End of Period — Cash and Cash Equivalents and Restricted Cash$2,150,884 $1,561,715 $589,169 

Operating Activities

Net cash provided by (used in) operating activities was approximately $0.9 billion and $(1.2) billion for the six months ended June 30, 2025 and 2024, respectively. The increase of $2.1 billion in net cash provided by operating activities was primarily driven by an increase in sales proceeds and loan repayment proceeds for residential mortgage loans, HFS of approximately $4.5 billion, partially offset by an increase in mortgage loans originated and purchased for sale, net of fees of approximately $2.7 billion. 

Investing Activities

Net cash provided by (used in) investing activities was approximately $0.6 billion and $(1.4) billion for the six months ended June 30, 2025 and 2024, respectively. The increase of $2.0 billion in net cash provided by investing activities was primarily driven by a decrease in purchases of Treasury securities of $5.0 billion, partially offset by a decrease in Treasury sales and Treasury securities payable of $2.7 billion and a $0.3 billion net decrease in cash provided by reverse repurchase and repurchase agreement activity. 

Financing Activities

Net cash provided by (used in) financing activities was approximately $(1.2) billion and $2.5 billion for the six months ended June 30, 2025 and 2024, respectively. The increase of net cash used in financing activities of $3.7 billion was primarily driven by an increase in repayments of warehouse credit facilities of $8.4 billion and a decrease of borrowings under secured financing agreements of $8.8 billion, partially offset by a decrease in repayments of secured financing agreements of $6.8 billion and an increase of borrowings under warehouse credit facilities of $6.9 billion.

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INTEREST RATE, CREDIT AND SPREAD RISK

We are subject to interest rate, credit and spread risk