Rithm Capital Corp
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
RITM$9.44+2.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
RITHM CAPITAL CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(dollars in thousands, except share and per share data)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| Servicing fee revenue, net and interest income from MSRs and MSR financing receivables | $493,171 | $442,425 | $1,462,040 | $1,377,429 |
| Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(139,784), $(138,993), $(421,761) and $(384,094), respectively) | (747,335) | 20,934 | (731,058) | (99,338) |
| Servicing revenue, net | (254,164) | 463,359 | 730,982 | 1,278,091 |
| Interest income | 550,732 | 462,497 | 1,459,271 | 1,177,688 |
| Gain on originated residential mortgage loans, held-for-sale, net | 184,695 | 149,230 | 480,894 | 437,082 |
| Other revenues | 57,212 | 60,319 | 172,060 | 177,672 |
| Asset management revenues | 81,039 | — | 266,332 | — |
| 619,514 | 1,135,405 | 3,109,539 | 3,070,533 | |
| Expenses | ||||
| Interest expense and warehouse line fees | 510,168 | 377,528 | 1,385,939 | 1,005,978 |
| General and administrative | 208,046 | 190,691 | 612,363 | 540,088 |
| Compensation and benefits | 265,673 | 186,149 | 771,899 | 564,635 |
| 983,887 | 754,368 | 2,770,201 | 2,110,701 | |
| Other Income (Loss) | ||||
| Realized and unrealized gains (losses), net | 412,953 | (114,149) | 353,338 | (103,522) |
| Other income (loss), net | (3,432) | 6,888 | 23,536 | (66,176) |
| 409,521 | (107,261) | 376,874 | (169,698) | |
| Income before Income Taxes | 45,148 | 273,776 | 716,212 | 790,134 |
| Income tax expense (benefit) | (78,433) | 52,585 | 66,627 | 92,309 |
| Net Income | 123,581 | 221,191 | 649,585 | 697,825 |
| Noncontrolling interests in income of consolidated subsidiaries | 1,839 | 4,848 | 8,252 | 10,437 |
| Dividends on preferred stock | 24,718 | 22,394 | 69,508 | 67,184 |
| Net Income Attributable to Common Stockholders | $97,024 | $193,949 | $571,825 | $620,204 |
| Net Income per Share of Common Stock | ||||
| Basic | $0.20 | $0.40 | $1.17 | $1.29 |
| Diluted | $0.20 | $0.40 | $1.16 | $1.28 |
| Weighted Average Number of Shares of Common Stock Outstanding | ||||
| Basic | 491,362,857 | 483,214,061 | 487,155,900 | 481,503,762 |
| Diluted | 496,800,687 | 484,350,288 | 491,258,126 | 483,530,227 |
| Dividends Declared per Share of Common Stock | $0.25 | $0.25 | $0.75 | $0.75 |
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