Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 42

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 2
Chunk 42
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$239,575 $714,213 $634,855 $(2,483)$79,358 

Three months ended September 30, 2025 compared to the three months ended June 30, 2025

Overall, general and administrative expenses were comparable quarter-over-quarter. Higher transaction-related legal and professional fees, driven by activity related to the Paramount and Crestline transactions, were partially offset by lower loan servicing costs.

Nine months ended September 30, 2025 compared to the nine months ended September 30, 2024

General and administrative expenses increased $79.4 million year-over-year, primarily attributable to prospective classification of certain servicing costs from servicing revenue, net to loan servicing expense within general and administrative, and an increase in asset management placement fees and fees incurred on securitizations driven by transaction activity. The increase was partially offset by a decrease in amortization on our intangible assets.

Compensation and Benefits

Three months ended September 30, 2025 compared to the three months ended June 30, 2025

Compensation and benefits increased 1.6%, as headcount remained relatively flat quarter-over-quarter.

Nine months ended September 30, 2025 compared to the nine months ended September 30, 2024

Compensation and benefits increased $93.0 million, primarily due to (i) increased loan servicing compensation at the operating company related to the Computershare acquisition in the second quarter of 2024 and (ii) increased performance and stock-based compensation. 

111 

Other Income (Loss)

The following table summarizes the components of other income (loss):

Three Months EndedNine Months Ended September 30,(dollars in thousands)September 30,2025June 30,202520252024QoQ ChangeYoY ChangeReal estate and other securities$6,627 $4,532 $19,613 $6,884 $2,095 $12,729 Residential mortgage loans and REO5,993 8,281 16,818 38,718 (2,288)(21,900)Derivative and hedging instruments460 (8,226)(17,581)2,353 8,686 (19,934)Notes and bonds payable(3,146)(4,135)(2,433)(7,834)989 5,401 Consolidated entities(A)20,615 26,614 63,671 89