Company: RITM-PC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001556593-25-000024
Chunk: 82

Company: Rithm Capital Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 82
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 fund the construction and development of, or investment in, residential properties. The Asset Management segment generates revenue through management and incentive fees based primarily on the assets under management (“AUM”) and performance of funds and accounts managed by the Company. 

15

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

Income before income taxes is the measure of segment profit and loss that is determined in accordance with the measurement principles used in measuring the corresponding amounts in the consolidated financial statements and used by the CODM to evaluate segment results. It is also one of the factors considered in determining capital allocation among the segments, assessing performance for each segment and determining compensation for certain employees.  The following tables summarize segment financial information, including the Corporate category explained above, which in total reconciles to the same data for Rithm Capital on a consolidated basis: Origination and ServicingInvestment PortfolioResidential Transitional LendingAsset ManagementCorporate CategoryTotalThree Months Ended June 30, 2025Servicing fee revenue, net and interest income from MSRs and MSR financing receivables$574,817 $— $— $— $— $574,817 Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(176,680))(155,005)— — — — (155,005)Servicing revenue, net419,812 — — — — 419,812 Interest income309,940 82,143 75,405 7,841 3,126 478,455 Gain on originated residential mortgage loans, held-for-sale, net168,438 1,260 — — — 169,698 Other revenues27,439 26,627 — — — 54,066 Asset management revenues— — — 95,008 — 95,008 Total Revenues925,629 110,030 75,405 102,849 3,126 1,217,039 Interest expense and warehouse line fees283,616 69,904 33,620 8,710 22,018 417,868 Other segment expenses(A)146,989 22,162 5,234 26,487 14,