Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 373

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 373
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(B)(52,489)(29,274)(54,501)Realized and unrealized losses, net(215,705)(19,456)(180,059)Other income (loss), net57,255 (40,377)(126,466)Total Other Loss, Net$(158,450)$(59,833)$(306,525)(A)Includes change in the fair value of the consolidated CFEs’ financial assets and liabilities and related interest and other income.(B)Includes Excess MSRs, servicer advance investments, consumer loans, residential transition loans and other.

22. ASSET MANAGEMENT REVENUES

The following table presents the composition of asset management revenues:Year Ended December 31,202420232022Management fees$232,691 $29,465 $— Incentive income287,603 50,804 — Other asset management revenue— 2,412 — Total Asset Management Revenues$520,294 $82,681 $— 

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

The following table presents the composition of the Company’s income and fees receivable primarily through Sculptor:December 31, 20242023Management fees receivable$25,337 $23,757 Incentive income receivable183,335 35,377 Total Income and Fees Receivable$208,672 $59,134 The Company recognizes management fees over the period in which the performance obligation is satisfied, and such management fees are generally recognized at the end of each reporting period. The Company records incentive income when it is probable that a significant reversal of income will not occur. The majority of management fees and incentive income receivable at each balance sheet date is generally collected during the following quarter.The following table presents the Company’s unearned income and fees primarily through Sculptor:December 31, 20242023Unearned management fees$12 $1 Unearned incentive income17,268 37,467 Total Unearned Income and Fees$17,280 $37,468 

A liability for unearned incentive income is generally recognized when Sculptor receives incentive income distributions from its funds, primarily its real estate funds, whereby the distributions received have not yet met the recognition threshold of it being probable that a significant reversal of cumulative revenue will not occur.