Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 299

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 299
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 are subject to other customary terms common for instruments of this type. The Company eliminates the SPAC warrants it holds in consolidation. Such warrants are indexed to the SPAC's Class A ordinary shares and meet conditions for equity classification. Accordingly, the SPAC warrants are classified as equity and accounted for as a component of additional paid-in capital at the time of issuance on the Company's consolidated balance sheets.Earnings Per ShareRithm Capital is required to present both basic and diluted earnings per share (“EPS”). Basic EPS is calculated by dividing net income by the weighted average number of shares of common stock outstanding for the period. Diluted EPS is calculated using the treasury stock method by dividing net income by the weighted average number of shares of common stock outstanding plus the additional dilutive effect, if any, of common stock equivalents during each period. The effect of dilutive securities is presented net of tax.

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

The following table summarizes the basic and diluted EPS calculations:Three Months Ended March 31,20252024Net Income$80,710 $287,487 Noncontrolling interests in income of consolidated subsidiaries1,086 3,452 Redeemable noncontrolling interests in income of consolidated subsidiaries813 — Net Income Attributable to Rithm Capital Corp.78,811 284,035 Change in redemption value of redeemable noncontrolling interests15,611 — Dividends on preferred stock26,677 22,395 Net Income Attributable to Common Stockholders$36,523 $261,640 Basic weighted average shares of common stock outstanding524,104,842483,336,777Effect of Dilutive Securities(A)(B):Stock options149897,800Restricted stock170,438274,754Time-based RSU awards2,842,044816,310Performance-based RSU awards2,050,152605,860Time vesting Class B Profit Units472,973—Performance vesting Class B Profit Units958,957—Diluted Weighted Average Shares of Common Stock Outstanding530,599,555485,931,501Basic Earnings per Share Attributable to Common Stockholders$0.07 $0.54 Diluted Earnings per Share Attributable to Common Stockholders$0.07 $