Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 152

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 152
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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, net of realized gains (losses)(A)(395,025)743,964 201,014 (1,138,989)(596,039)Servicing Revenue, Net$28,885 $1,094,763 $554,066 $(1,065,878)$(525,181)

(A)The following table summarizes the components of servicing revenue, net related to changes in valuation inputs and assumptions: 

98

Three Months Ended(dollars in thousands)March