Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 346

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 2
Chunk 346
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 (569,043)(44,846)776,438 252,241 Other income, net9,073 11,227 15,784 (2,154)(6,711)216,468 (557,816)(29,062)774,284 245,530 Income before Income Taxes56,780 492,597 380,899 (435,817)(324,119)Income tax expense (benefit)(23,930)200,690 93,412 (224,620)(117,342)Net Income80,710 291,907 287,487 (211,197)(206,777)Noncontrolling interests in income of consolidated subsidiaries1,086 1,737 3,452 (651)(2,366)Redeemable noncontrolling interests in income of consolidated subsidiaries813 — — 813 813 Net Income Attributable to Rithm Capital Corp.78,811 290,170 284,035 (211,359)(205,224)Change in redemption value of redeemable noncontrolling interests15,611 — — 15,611 15,611 Dividends on preferred stock26,677 26,948 22,395 (271)4,282 Net Income Attributable to Common Stockholders$36,523 $263,222 $261,640 $(226,699)$(225,117)

Percentage changes in the table above deemed “n/m” are not meaningful.

Servicing Revenue, Net

Servicing revenue, net consists of the following:

Three Months Ended(dollars in thousands)March 31,2025December 31, 2024March 31,2024QoQ ChangeYoY ChangeServicing fee revenue, net and interest income from MSRs and MSR financing receivables$526,810 $494,361 $430,114 $32,449 $96,696 Ancillary and other fees43,991 36,918 39,777 7,073 4,214 Servicing fee revenue, net and fees570,801 531,279 469,891 39,522 100,910 Change in Fair Value Due To:Realization of cash flows (146,891)(180,480)(116,839)33,589 (30,052)Change in valuation inputs and assumptions