Rithm Capital Corp.
For the period ended Sep 30, 2025. Filed Oct 31, 2025.
View on SEC.govAbout this filing
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, 2025 · Filed Oct 31, 2025
Contents
Consolidated Balance Sheets
RITHM CAPITAL CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(dollars in thousands, except share and per share data)
| September 30, 2025(Unaudited) | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value | $10,389,766 | $10,321,671 |
| Government and government-backed securities (includes $8,538,035 and $9,711,346 at fair value, respectively) | 8,562,825 | 9,736,116 |
| Residential mortgage loans, held-for-sale (includes $5,888,611 and $4,307,571 at fair value, respectively)(A) | 5,947,402 | 4,374,241 |
| Residential mortgage loans, held-for-investment, at fair value | 334,589 | 361,890 |
| Consumer loans held-for-investment, at fair value(A) | 598,147 | 665,565 |
| Residential transition loans, at fair value | 2,575,354 | 2,178,075 |
| Residential mortgage loans subject to repurchase | 2,700,353 | 2,745,756 |
| Single-family rental properties | 998,116 | 1,028,295 |
| Cash and cash equivalents(A) | 1,610,958 | 1,458,743 |
| Restricted cash(A) | 550,514 | 308,443 |
| Servicer advances receivable | 2,647,041 | 3,198,921 |
| Other assets (includes $2,639,938 and $2,311,979 at fair value, respectively)(A) | 4,660,595 | 4,563,415 |
| Assets of Consolidated Entities(A): | ||
| Investments, at fair value and other assets | 5,589,734 | 5,107,826 |
| Total Assets | $47,165,394 | $46,048,957 |
| Liabilities and Equity | ||
| Liabilities | ||
| Secured financing agreements(A) | $16,538,685 | $16,782,467 |
| Secured notes and bonds payable (includes $153,019 and $185,460 at fair value, respectively)(A) | 9,545,280 | 10,298,075 |
| Residential mortgage loan repurchase liability | 2,700,353 | 2,745,756 |
| Unsecured notes, net of issuance costs | 1,417,676 | 1,204,220 |
| Dividends payable | 169,565 | 153,114 |
| Accrued expenses and other liabilities (includes $634,225 and $525,486 at fair value, respectively)(A) | 3,112,651 | 2,630,771 |
| Liabilities of Consolidated Entities(A): | ||
| Notes payable, at fair value and other liabilities | 4,771,710 | 4,348,244 |
| Total Liabilities | 38,255,920 | 38,162,647 |
| Commitments and Contingencies (Note 26) | ||
| Redeemable Noncontrolling Interests of Consolidated Subsidiaries (Note 23) | 296,789 | — |
| Stockholders’ Equity | ||
| Preferred stock, $0.01 par value, 100,000,000 shares authorized, 57,564,122 and 51,964,122 issued and outstanding, $1,439,104 and $1,299,104 aggregate liquidation preference, respectively | 1,390,790 | 1,257,254 |
| Common stock, $0.01 par value, 2,000,000,000 shares authorized, 554,196,670 and 520,656,256 issued and outstanding, respectively | 5,542 | 5,206 |
| Additional paid-in capital | 6,961,639 | 6,528,613 |
| Retained earnings (accumulated deficit) | 70,772 | (46,985) |
| Accumulated other comprehensive income | 69,774 | 50,886 |
| Stockholders’ Equity in Rithm Capital Corp. | 8,498,517 | 7,794,974 |
| Noncontrolling interests in equity of consolidated subsidiaries | 114,168 | 91,336 |
| Total Stockholders’ Equity | 8,612,685 | 7,886,310 |
| Total Liabilities and Equity | $47,165,394 | $46,048,957 |
(A)The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”) and certain other consolidated VIEs, including funds and collateralized financing entities (“CFEs”) that are presented separately within assets and liabilities of consolidated entities. VIE assets can only be used to settle obligations and liabilities of the VIEs. VIE creditors do not have recourse to Rithm Capital Corp. As of September 30, 2025 and December 31, 2024, total assets of such consolidated VIEs were $7.1 billion and $6.3 billion, respectively, and total liabilities of such consolidated VIEs were $5.6 billion and $5.2 billion, respectively. See Note 20 for further details.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.