Rithm Capital (RITM) Financials

$12.28 -0.18 (-1.44%)

Closing price 03:59 PM Eastern

Extended Trading

$12.34 +0.07 (+0.53%)

As of 07:48 PM Eastern

Annual Income Statements for Rithm Capital

This table shows Rithm Capital's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	269	504	958	964	1,100	-1,465	705	865	533	835
Consolidated Net Income / (Loss)	282	583	1,015	1,005	606	-1,358	806	983	631	941
Net Income / (Loss) Continuing Operations	282	583	1,015	1,005	3,006	-491	806	-1,402	1,842	2,247
Total Pre-Tax Income	271	622	1,182	931	648	-1,341	964	1,263	753	1,209
Total Revenue	389	678	1,149	1,536	3,921	646	3,579	0.00	4,954	6,296
Net Interest Income / (Expense)	371	703	1,059	-606	0.00	795	0.00	0.00	0.00	0.00
Total Interest Income	645	1,077	1,520	0.00	0.00	795	0.00	0.00	0.00	0.00
Total Interest Expense	274	373	461	606	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Interest Income	18	-26	90	2,143	3,921	-149	3,579	0.00	4,954	6,296
Net Realized & Unrealized Capital Gains on Investments	-0.06	-56	-12	-50	425	-149	-149	-	-19	-216
Other Non-Interest Income	18	30	101	1,664	1,330	-	3,729	-	4,973	6,511
Total Non-Interest Expense	118	56	-34	679	985	1,120	2,619	942	2,950	3,839
Salaries and Employee Benefits	16	42	81	95	377	572	1,160	-	787	1,135
Other Operating Expenses	102	14	-89	584	1,510	548	1,459	942	2,162	2,704
Nonoperating Income / (Expense), net	-	-	-	74	148	-	3.24	-180	-40	57
Income Tax Expense	-11	39	168	-73	42	17	158	280	122	267
Preferred Stock Dividends Declared	-	-	0.00	0.00	13	54	67	90	90	96
Net Income / (Loss) Attributable to Noncontrolling Interest	13	78	57	41	43	53	33	29	8.42	9.99
Basic Earnings per Share	$1.34	$2.12	$3.17	$2.82	$1.35	($3.52)	$1.56	$1.84	$1.11	$1.69
Weighted Average Basic Shares Outstanding	200.74M	238.12M	302.24M	341.27M	408.79M	415.51M	451.28M	468.84M	481.93M	495.48M
Diluted Earnings per Share	$1.32	$2.12	$3.15	$2.81	$1.34	($3.52)	$1.51	$1.80	$1.10	$1.67
Weighted Average Diluted Shares Outstanding	202.91M	238.49M	304.38M	343.14M	408.99M	415.51M	467.67M	481.64M	483.72M	499.60M
Weighted Average Basic & Diluted Shares Outstanding	200.50M	237.90M	302.10M	341.80M	415.55M	414.80M	466.76M	473.73M	483.23M	520.66M
Cash Dividends to Common per Share	$1.75	$1.84	$1.98	$2.00	$2.00	$0.50	$0.90	$1.00	$1.00	$1.00

This table shows Rithm Capital's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	249	-39	69	357	194	-88	262	213	97	263	37
Consolidated Net Income / (Loss)	154	106	90	387	221	-67	287	239	124	292	81
Net Income / (Loss) Continuing Operations	154	-2,874	90	874	685	193	212	560	283	1,192	22
Total Pre-Tax Income	176	88	73	443	274	-37	381	290	45	493	57
Total Revenue	877	-4,246	759	1,674	1,485	1,036	1,140	1,536	0.00	3,619	917
Net Interest Income / (Expense)	0.00	-225	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Income	0.00	-225	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Non-Interest Income	877	-4,020	759	1,674	1,485	1,036	1,140	1,536	0.00	3,619	917
Net Realized & Unrealized Capital Gains on Investments	169	-	-66	77	-114	84	-45	-15	-	-	207
Other Non-Interest Income	254	-	825	1,598	1,599	952	1,185	1,551	-	-	710
Total Non-Interest Expense	724	-1,582	661	696	754	839	843	944	208	1,844	928
Salaries and Employee Benefits	291	-	189	190	186	222	236	270	-	-	271
Other Operating Expenses	433	-559	472	506	568	616	607	673	208	1,216	657
Nonoperating Income / (Expense), net	23	-229	-25	-48	6.89	26	7.93	19	413	-383	9.07
Income Tax Expense	22	-18	-17	57	53	30	93	52	-78	201	-24
Preferred Stock Dividends Declared	22	22	22	22	22	22	22	22	25	27	27
Net Income / (Loss) Attributable to Noncontrolling Interest	7.31	1.67	-1.30	6.89	4.85	-2.02	3.45	2.96	1.84	1.74	18
Basic Earnings per Share	$0.27	$0.16	$0.14	$0.74	$0.40	($0.17)	$0.54	$0.44	$0.20	$0.51	$0.07
Weighted Average Basic Shares Outstanding	467.97M	468.84M	478.17M	483.09M	483.21M	481.93M	483.34M	486.72M	491.36M	495.48M	524.10M
Diluted Earnings per Share	$260.00	($259.56)	$0.14	$0.74	$0.40	($0.18)	$0.54	$0.43	$0.20	$0.50	$0.07
Weighted Average Diluted Shares Outstanding	476.80M	481.64M	482.85M	483.38M	484.35M	483.72M	485.93M	490.98M	496.80M	499.60M	530.60M
Weighted Average Basic & Diluted Shares Outstanding	473.72M	473.73M	483.02M	483.32M	483.21M	483.23M	483.48M	489.73M	519.73M	520.66M	530.12M
Cash Dividends to Common per Share	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25	$0.25

This table details how cash moves in and out of Rithm Capital's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	102	-842	-4,534	-31	276	390	456	68	68	221
Net Cash From Operating Activities	306	561	-900	-1,229	-1,598	1,874	3,435	5,753	694	-2,185
Net Cash From Continuing Operating Activities	306	-390	-5,426	-1,229	-1,598	1,874	3,435	5,753	694	-2,185
Net Income / (Loss) Continuing Operations	282	744	0.00	1,005	606	-1,358	806	983	631	941
Consolidated Net Income / (Loss)	282	744	-	1,005	606	-1,358	806	983	631	941
Provision For Loan Losses	19	88	86	91	36	124	-48	15	-0.48	-0.32
Amortization Expense	-525	-748	-1,031	-702	-379	-152	-46	-81	-106	-88
Non-Cash Adjustments to Reconcile Net Income	218	-963	-4,706	-2,071	-1,954	2,997	1,911	4,619	477	-2,670
Changes in Operating Assets and Liabilities, net	313	489	226	449	93	262	812	216	-307	-369
Net Cash From Investing Activities	-233	-183	-1,778	-5,171	-10,973	8,628	2,184	133	217	-2,425
Net Cash From Continuing Investing Activities	-233	-183	-1,778	-5,171	-10,973	8,628	2,184	133	217	-2,425
Purchase of Investment Securities	-6,067	-10,413	-14,575	-14,930	-3,692	-540	-1,173	-30	-7,316	-16,956
Sale and/or Maturity of Investments	21,852	24,686	24,207	11,310	29,888	33,521	12,131	87	4,741	17,643
Other Investing Activities, net	-16,019	-14,456	-11,409	-1,427	-37,145	-24,312	-7,383	493	2,898	-3,112
Net Cash From Financing Activities	29	-269	2,670	6,369	12,847	-10,112	-5,162	-5,818	-843	4,831
Net Cash From Continuing Financing Activities	29	-269	2,670	6,369	12,847	-10,112	-5,162	-5,818	-843	4,831
Net Change in Deposits	4.56	-1.02	2.38	1,733	-202	-76	249	1,460	-863	-611
Issuance of Debt	15,661	40,735	65,820	109,434	253,023	187,199	203,338	138,243	98,540	146,303
Issuance of Common Equity	882	280	835	983	752	391	963	0.00	0.00	410
Repayment of Debt	-16,085	-40,710	-63,261	-103,107	-240,261	-197,100	-209,175	-144,918	-97,924	-140,652
Repurchase of Common Equity	-	-	-	0.00	0.00	-7.46	0.00	-5.23	0.00	0.00
Payment of Dividends	-385	-531	-654	-726	-872	-423	-517	-585	-588	-617
Other Financing Activities, Net	-49	-42	-73	-1,948	-18	-96	-21	-13	-7.36	-1.33
Cash Interest Paid	244	350	442	565	902	512	579	825	1,484	1,741
Cash Income Taxes Paid	0.54	1.11	5.02	5.01	1.48	3.63	24	4.01	6.52	12

This table details how cash moves in and out of Rithm Capital's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	4.77	-353	186	-118	-105	104	-139	3.72	442	-86	173
Net Cash From Operating Activities	1,377	-979	1,248	-17	509	-1,047	-1,315	115	768	-1,753	1,421
Net Cash From Continuing Operating Activities	1,377	-979	1,248	-17	509	-1,047	-1,315	115	768	-1,753	1,421
Net Income / (Loss) Continuing Operations	154	106	90	387	221	-67	287	239	124	292	81
Consolidated Net Income / (Loss)	154	106	90	387	221	-67	287	239	124	292	81
Provision For Loan Losses	6.74	0.69	-2.80	5.81	3.45	-6.93	0.46	0.81	-4.78	3.19	-2.04
Amortization Expense	-10	-36	-13	-17	-45	-32	-21	-24	-17	-25	-12
Non-Cash Adjustments to Reconcile Net Income	1,145	-738	855	-549	213	-43	-1,579	-349	837	-1,578	1,225
Changes in Operating Assets and Liabilities, net	82	-312	319	157	116	-898	-2.18	248	-170	-445	129
Net Cash From Investing Activities	-1,320	988	-602	-250	-639	1,708	-4,050	2,639	-676	-338	-1,304
Net Cash From Continuing Investing Activities	-1,320	988	-602	-250	-639	1,708	-4,050	2,639	-676	-338	-1,304
Purchase of Investment Securities	-744	715	-3,124	-1,220	-1,589	-1,383	-6,209	-1,340	-7,139	-2,269	-2,286
Sale and/or Maturity of Investments	7,983	-9,432	2,156	621	1,028	936	910	6,016	172	10,544	1,166
Other Investing Activities, net	-8,517	9,724	370	345	-78	2,261	1,312	-2,101	6,693	-9,015	-184
Net Cash From Financing Activities	-52	-362	-460	149	25	-557	5,226	-2,750	350	2,005	56
Net Cash From Continuing Financing Activities	-52	-362	-460	149	25	-557	5,226	-2,750	350	2,005	56
Net Change in Deposits	195	452	-388	-24	-265	-186	-347	-156	187	-296	266
Issuance of Debt	34,250	28,132	21,606	25,771	17,930	33,234	36,329	36,583	41,167	32,225	34,589
Issuance of Common Equity	-	-	-	-	-	-	-	-	340	0.51	337
Repayment of Debt	-34,345	-28,794	-21,530	-25,438	-17,496	-33,461	-30,602	-39,095	-41,199	-29,756	-34,957
Repurchase of Common Equity	-	-	-	-	-	-	-	-	-	-	-50
Payment of Dividends	-145	-147	-146	-150	-149	-143	-147	-152	-152	-166	-161
Other Financing Activities, Net	-7.59	-4.43	-2.10	-9.64	4.66	-0.28	-8.30	2.47	7.08	-2.58	31
Cash Interest Paid	189	356	314	366	296	508	466	372	526	377	455
Cash Income Taxes Paid	0.12	2.26	0.40	1.40	-	4.73	1.26	1.70	6.62	2.61	3.37

This table presents Rithm Capital's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	15,193	18,400	22,214	31,691	44,863	33,252	39,742	34,587	39,717	46,049
Cash and Due from Banks	250	291	296	251	529	945	1,333	1,337	1,287	1,459
Restricted Cash	95	163	150	164	162	136	196	293	410	459
Trading Account Securities	2,502	5,074	8,071	11,637	19,478	14,245	9,397	0.00	10,327	9,736
Loans and Leases, Net of Allowance	0.00	0.00	0.00	1,072	0.00	0.00	0.00	0.00	0.00	0.00
Loans Held for Sale	777	697	1,726	3,741	6,043	5,216	11,348	3,398	2,541	4,374
Premises and Equipment, Net	-	-	-	-	-	-	-	971	1,002	1,028
Mortgage Servicing Rights	2,129	2,444	3,772	1,183	6,399	7,808	9,723	12,276	10,189	13,067
Other Assets	9,441	9,731	8,199	13,643	12,253	4,903	7,746	16,333	13,993	16,076
Total Liabilities & Shareholders' Equity	15,193	18,400	22,214	31,691	44,863	33,252	39,742	34,587	39,717	46,049
Total Liabilities	12,206	14,931	17,417	25,603	37,627	27,822	33,073	27,576	32,616	38,163
Other Short-Term Payables	164	321	393	797	813	627	1,487	-	2,202	2,784
Long-Term Debt	7,250	7,991	7,084	7,102	7,892	9,638	31,568	25,229	28,587	35,379
Other Long-Term Liabilities	749	1,429	1,278	2,150	1,006	9.60	18	2,347	1,827	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,987	3,468	4,796	6,088	7,236	5,430	6,669	7,010	7,101	7,886
Total Preferred & Common Equity	2,796	3,260	4,690	5,998	7,158	5,321	6,604	6,943	7,007	7,795
Preferred Stock	-	-	-	0.00	423	813	1,262	1,257	1,257	1,257
Total Common Equity	2,796	3,260	4,690	5,998	6,734	4,508	5,342	5,686	5,750	6,538
Common Stock	2,643	2,923	3,766	4,750	5,502	5,551	6,064	6,067	6,079	6,534
Retained Earnings	149	211	559	831	550	-1,109	-813	-419	-373	-47
Accumulated Other Comprehensive Income / (Loss)	3.94	126	364	417	682	66	90	38	44	51
Noncontrolling Interest	191	208	106	91	79	109	65	67	94	91

This table presents Rithm Capital's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	35,335	31,819	33,858	34,746	47,936	42,019	42,276	45,330
Cash and Due from Banks	1,420	1,435	1,369	1,217	1,136	1,239	1,640	1,494
Restricted Cash	530	366	320	368	422	323	364	597
Trading Account Securities	9,437	8,988	-	-	3,041	9,325	10,135	11,049
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Loans Held for Sale	4,037	2,841	3,093	2,819	3,766	3,911	3,186	3,156
Premises and Equipment, Net	-	969	965	992	1,007	1,025	1,041	1,012
Mortgage Servicing Rights	11,979	12,023	11,924	10,138	12,961	14,017	11,711	12,920
Other Assets	7,932	5,198	16,187	19,210	25,641	12,205	14,257	15,188
Total Liabilities & Shareholders' Equity	35,335	31,819	33,858	34,746	47,936	42,019	42,276	45,330
Total Liabilities	28,273	24,864	26,663	27,478	40,692	34,598	34,525	37,189
Long-Term Debt	25,751	23,225	24,914	25,560	34,408	31,815	32,017	34,688
Other Long-Term Liabilities	499	1,639	1,749	0.00	6,284	2,784	0.00	2,500
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	256
Total Equity & Noncontrolling Interests	7,062	6,955	7,195	7,268	7,243	7,421	7,751	7,885
Total Preferred & Common Equity	6,991	6,894	7,134	7,208	7,150	7,327	7,657	7,776
Preferred Stock	1,259	1,257	1,257	1,257	1,257	1,257	1,257	1,207
Total Common Equity	5,732	5,637	5,877	5,951	5,892	6,069	6,399	6,569
Common Stock	6,065	6,067	6,073	6,076	6,080	6,168	6,519	6,641
Retained Earnings	-382	-471	-236	-164	-232	-143	-178	-130
Accumulated Other Comprehensive Income / (Loss)	48	41	40	39	45	45	58	58
Noncontrolling Interest	71	60	60	60	94	94	95	109

This table displays calculated financial ratios and metrics derived from Rithm Capital's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-31.80%	74.34%	69.49%	33.75%	155.23%	-83.52%	453.91%	-100.00%	0.00%	27.09%
EBITDA Growth	-236.31%	50.36%	219.47%	2.75%	1,526.03%	-124.81%	246.19%	-211.91%	285.48%	24.85%
EBIT Growth	-41.75%	129.48%	90.19%	-27.51%	238.41%	-116.34%	302.70%	-198.09%	312.71%	22.59%
NOPAT Growth	-36.24%	106.72%	74.12%	-8.87%	-49.44%	-300.76%	185.55%	39.93%	-40.85%	34.97%
Net Income Growth	-36.24%	106.72%	74.12%	-1.00%	-39.68%	-324.07%	159.34%	22.06%	-35.86%	49.28%
EPS Growth	-47.83%	60.61%	48.58%	-10.79%	-52.31%	-362.69%	142.90%	19.21%	-38.89%	51.82%
Operating Cash Flow Growth	278.14%	82.97%	-260.44%	-36.61%	-30.04%	217.23%	83.32%	67.49%	-87.94%	-415.05%
Free Cash Flow Firm Growth	-230.37%	70.65%	-61.04%	-152.80%	-90.09%	168.61%	-150.78%	247.77%	-139.10%	-139.91%
Invested Capital Growth	80.57%	16.60%	23.38%	39.93%	49.75%	-24.23%	17.24%	-15.69%	10.70%	21.23%
Revenue Q/Q Growth	7.24%	18.57%	4.89%	13.73%	164.98%	-84.97%	50.64%	-100.00%	12.26%	160.31%
EBITDA Q/Q Growth	-353.67%	86.82%	185.87%	-73.64%	1,028.68%	-119.34%	289.88%	-200.43%	37.17%	593.53%
EBIT Q/Q Growth	16.67%	40.66%	7.66%	-35.88%	1,346.96%	-113.77%	225.44%	-187.75%	34.15%	736.45%
NOPAT Q/Q Growth	20.59%	32.52%	6.10%	-28.66%	21.61%	-3,560.94%	11.62%	44.09%	-36.24%	332.32%
Net Income Q/Q Growth	20.59%	32.52%	6.10%	-22.49%	57.63%	-10.49%	12.00%	-7.70%	-21.52%	61.65%
EPS Q/Q Growth	38.95%	33.33%	8.25%	-26.44%	71.79%	-10.69%	9.42%	-99.31%	100.43%	68.69%
Operating Cash Flow Q/Q Growth	-36.38%	37.79%	-59.29%	-243.65%	53.94%	-28.04%	591.63%	-46.99%	-8.89%	-47.77%
Free Cash Flow Firm Q/Q Growth	4.40%	-5.41%	-9.57%	-11.46%	-41.08%	19.00%	49.03%	-10.66%	-371.29%	0.78%
Invested Capital Q/Q Growth	1.67%	2.90%	3.94%	4.19%	13.94%	9.34%	-4.42%	-1.75%	8.71%	8.79%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	-65.45%	-18.64%	13.14%	10.09%	64.30%	-96.78%	25.54%	0.00%	38.31%	37.63%
EBIT Margin	69.69%	91.73%	102.93%	55.79%	73.97%	-73.33%	26.84%	0.00%	40.46%	39.03%
Profit (Net Income) Margin	72.52%	85.99%	88.34%	65.39%	15.45%	-210.10%	22.51%	0.00%	12.73%	14.95%
Tax Burden Percent	104.06%	93.74%	85.82%	107.89%	93.55%	101.26%	83.58%	77.87%	83.77%	77.89%
Interest Burden Percent	100.00%	100.00%	100.00%	108.64%	22.33%	282.93%	100.34%	-134.02%	37.56%	49.20%
Effective Tax Rate	-4.06%	6.26%	14.18%	-7.89%	6.45%	0.00%	16.42%	22.13%	16.23%	22.11%
Return on Invested Capital (ROIC)	2.54%	3.77%	5.46%	3.75%	1.30%	-2.48%	2.27%	0.00%	1.96%	2.27%
ROIC Less NNEP Spread (ROIC-NNEP)	2.54%	3.77%	5.46%	4.17%	1.78%	-3.81%	2.28%	0.00%	1.83%	2.41%
Return on Net Nonoperating Assets (RNNOA)	9.12%	14.29%	19.10%	14.71%	7.79%	-18.96%	11.05%	0.00%	6.98%	10.29%
Return on Equity (ROE)	11.66%	18.06%	24.55%	18.46%	9.10%	-21.44%	13.32%	14.38%	8.94%	12.56%
Cash Return on Invested Capital (CROIC)	-54.89%	-11.56%	-15.48%	-29.53%	-38.54%	25.09%	-13.60%	20.21%	-8.20%	-16.92%
Operating Return on Assets (OROA)	2.33%	3.70%	5.82%	3.18%	7.58%	-1.21%	2.63%	0.00%	5.39%	5.73%
Return on Assets (ROA)	2.42%	3.47%	5.00%	3.73%	1.58%	-3.48%	2.21%	0.00%	1.70%	2.20%
Return on Common Equity (ROCE)	10.59%	16.94%	23.62%	18.12%	8.69%	-19.03%	10.84%	11.59%	7.24%	10.30%
Return on Equity Simple (ROE_SIMPLE)	10.08%	17.87%	21.63%	16.75%	8.47%	-25.52%	12.20%	14.16%	9.00%	12.08%
Net Operating Profit after Tax (NOPAT)	282	583	1,015	925	467	-939	803	1,123	664	897
NOPAT Margin	72.52%	85.99%	88.34%	60.19%	11.92%	-145.24%	22.43%	0.00%	13.41%	14.25%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	-0.42%	-0.47%	1.33%	-0.01%	0.49%	0.13%	-0.14%
SG&A Expenses to Revenue	4.12%	6.23%	7.08%	6.18%	9.62%	88.46%	32.40%	0.00%	15.89%	18.02%
Operating Expenses to Revenue	30.31%	8.27%	-2.93%	44.21%	25.12%	173.33%	73.16%	0.00%	59.54%	60.97%
Earnings before Interest and Taxes (EBIT)	271	622	1,182	857	2,900	-474	961	-942	2,004	2,457
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-254	-126	151	155	2,521	-625	914	-1,023	1,898	2,369
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.40	0.56	0.61	0.47	0.66	0.65	0.72	0.56	0.82	0.86
Price to Tangible Book Value (P/TBV)	0.40	0.56	0.61	0.47	0.66	0.65	0.72	0.56	0.82	0.86
Price to Revenue (P/Rev)	2.90	2.68	2.48	1.84	1.13	4.50	1.07	0.00	0.95	0.89
Price to Earnings (P/E)	4.20	3.60	2.97	2.93	4.03	0.00	5.42	3.67	8.85	6.74
Dividend Yield	35.75%	25.41%	21.39%	24.10%	18.76%	7.15%	10.99%	14.93%	10.26%	9.23%
Earnings Yield	23.81%	27.78%	33.66%	34.18%	24.83%	0.00%	18.46%	27.26%	11.31%	14.84%
Enterprise Value to Invested Capital (EV/IC)	0.86	0.89	0.89	0.88	0.93	0.92	0.92	0.87	0.92	0.93
Enterprise Value to Revenue (EV/Rev)	31.56	21.77	15.89	16.37	10.21	46.33	9.83	0.00	6.65	6.42
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	120.95	162.22	15.88	0.00	38.49	0.00	17.36	17.07
Enterprise Value to EBIT (EV/EBIT)	45.28	23.73	15.44	29.35	13.81	0.00	36.63	0.00	16.44	16.46
Enterprise Value to NOPAT (EV/NOPAT)	43.52	25.32	17.99	27.20	85.67	0.00	43.83	25.01	49.59	45.09
Enterprise Value to Operating Cash Flow (EV/OCF)	40.02	26.30	0.00	0.00	0.00	15.98	10.25	4.88	47.51	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	3.15	0.00	3.95	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.78	3.80	3.28	3.72	4.95	5.01	4.73	3.60	4.03	4.49
Long-Term Debt to Equity	2.43	2.30	1.48	1.17	1.09	1.78	4.73	3.60	4.03	4.49
Financial Leverage	3.59	3.79	3.50	3.53	4.39	4.97	4.86	4.15	3.81	4.27
Leverage Ratio	4.81	5.20	4.91	4.95	5.75	6.17	6.03	5.43	5.27	5.72
Compound Leverage Factor	4.81	5.20	4.91	5.38	1.28	17.45	6.05	-7.28	1.98	2.82
Debt to Total Capital	79.08%	79.17%	76.65%	78.82%	83.19%	83.35%	82.56%	78.26%	80.10%	81.77%
Short-Term Debt to Total Capital	28.31%	31.18%	42.17%	54.11%	64.85%	53.80%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	50.77%	47.99%	34.49%	24.71%	18.34%	29.55%	82.56%	78.26%	80.10%	81.77%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.98%	2.49%	3.30%	3.90%	3.52%	2.91%
Noncontrolling Interests to Total Capital	1.34%	1.25%	0.52%	0.32%	0.18%	0.33%	0.17%	0.21%	0.26%	0.21%
Common Equity to Total Capital	19.58%	19.58%	22.83%	20.87%	15.64%	13.82%	13.97%	17.64%	16.11%	15.11%
Debt to EBITDA	-44.39	-104.36	104.35	146.12	14.20	-43.47	34.53	-24.66	15.06	14.93
Net Debt to EBITDA	-43.03	-100.77	101.40	143.44	13.93	-41.74	32.85	-23.06	14.17	14.12
Long-Term Debt to EBITDA	-28.49	-63.26	46.95	45.81	3.13	-15.41	34.53	-24.66	15.06	14.93
Debt to NOPAT	40.06	22.62	15.52	24.50	76.60	-28.97	39.32	22.46	43.02	39.45
Net Debt to NOPAT	38.84	21.84	15.08	24.05	75.12	-27.81	37.42	21.01	40.47	37.31
Long-Term Debt to NOPAT	25.72	13.71	6.98	7.68	16.88	-10.27	39.32	22.46	43.02	39.45
Noncontrolling Interest Sharing Ratio	9.19%	6.18%	3.80%	1.81%	4.45%	11.24%	18.59%	19.39%	18.96%	18.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-6,090	-1,787	-2,879	-7,277	-13,833	9,491	-4,820	7,122	-2,784	-6,680
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	-6,592.02%	4,525.53%	247.05%	1,380.88%	652.18%	0.00%
Free Cash Flow to Firm to Interest Expense	-22.22	-4.79	-6.25	-12.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	1.12	1.50	-1.95	-2.03	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	1.12	1.50	-1.95	-2.03	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.04	0.06	0.06	0.10	0.02	0.10	0.00	0.13	0.15
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.02	6.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	14,279	16,649	20,543	28,745	43,045	32,615	38,238	32,239	35,688	43,265
Invested Capital Turnover	0.04	0.04	0.06	0.06	0.11	0.02	0.10	0.00	0.15	0.16
Increase / (Decrease) in Invested Capital	6,371	2,370	3,893	8,202	14,300	-10,430	5,623	-5,998	3,449	7,577
Enterprise Value (EV)	12,267	14,752	18,252	25,152	40,049	29,936	35,190	28,096	32,953	40,438
Market Capitalization	1,128	1,816	2,845	2,820	4,430	2,909	3,822	3,172	4,712	5,629
Book Value per Share	$12.13	$13.00	$15.26	$17.57	$16.21	$10.84	$11.45	$12.00	$11.90	$12.58
Tangible Book Value per Share	$12.13	$13.00	$15.26	$17.57	$16.21	$10.84	$11.45	$12.00	$11.90	$12.58
Total Capital	14,279	16,649	20,543	28,745	43,045	32,615	38,238	32,239	35,688	43,265
Total Debt	11,293	13,181	15,747	22,656	35,809	27,185	31,568	25,229	28,587	35,379
Total Long-Term Debt	7,250	7,991	7,084	7,102	7,892	9,638	31,568	25,229	28,587	35,379
Net Debt	10,948	12,728	15,300	22,241	35,118	26,105	30,040	23,600	26,890	33,461
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	24	41	1,390	417	106	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	-80	-138	419	-2.71	140	34	-45
Net Nonoperating Obligations (NNO)	11,293	13,181	15,747	22,656	35,809	27,185	31,568	25,229	28,587	35,379
Total Depreciation and Amortization (D&A)	-525	-748	-1,031	-702	-379	-152	-46	-81	-106	-88
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.34	$2.12	$3.17	$2.82	$1.35	($3.52)	$1.56	$1.84	$0.00	$1.69
Adjusted Weighted Average Basic Shares Outstanding	200.74M	238.12M	302.24M	341.27M	408.79M	415.51M	451.28M	468.84M	0.00	495.48M
Adjusted Diluted Earnings per Share	$1.32	$2.12	$3.15	$2.81	$1.34	($3.52)	$1.51	$1.80	$0.00	$1.67
Adjusted Weighted Average Diluted Shares Outstanding	202.91M	238.49M	304.38M	343.14M	408.99M	415.51M	467.67M	481.64M	0.00	499.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.35	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	230.47M	307.33M	336.14M	369.13M	415.55M	414.80M	466.76M	473.73M	0.00	520.66M
Normalized Net Operating Profit after Tax (NOPAT)	190	583	993	600	-376	-939	803	1,123	664	897
Normalized NOPAT Margin	48.78%	85.99%	86.42%	39.05%	-9.60%	-145.24%	22.43%	0.00%	13.41%	14.25%
Pre Tax Income Margin	69.69%	91.73%	102.93%	60.61%	16.52%	-207.48%	26.93%	0.00%	15.20%	19.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.99	1.66	2.57	1.41	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	1.03	1.56	2.20	1.52	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.99	1.66	2.57	1.41	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	1.03	1.56	2.20	1.52	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	136.45%	91.12%	64.50%	72.31%	143.88%	-31.15%	64.14%	59.53%	93.26%	65.58%
Augmented Payout Ratio	136.45%	91.12%	64.50%	72.31%	143.88%	-31.70%	64.14%	60.06%	93.26%	65.58%

This table displays calculated financial ratios and metrics derived from Rithm Capital's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.03%	-1,051.84%	-65.28%	41.48%	69.34%	124.40%	50.21%	-8.24%	-100.00%	249.37%	-46.02%
EBITDA Growth	-41.28%	-310.75%	-94.32%	3,461.01%	380.88%	106.13%	222.52%	-40.83%	-132.86%	957.51%	-102.79%
EBIT Growth	-38.21%	-311.37%	-93.54%	1,998.28%	377.19%	107.40%	202.22%	-39.42%	-128.49%	800.40%	-101.31%
NOPAT Growth	-35.96%	513.46%	-83.11%	2,822.63%	61.08%	-111.56%	132.85%	-47.99%	-566.91%	1,274.26%	-75.39%
Net Income Growth	-9.66%	-43.66%	-86.96%	1,060.14%	43.45%	-163.45%	219.61%	-38.32%	-44.13%	534.70%	-71.93%
EPS Growth	86,566.67%	-86,620.00%	-89.78%	7,500.00%	-99.85%	99.93%	285.71%	-41.89%	-50.00%	377.78%	-87.04%
Operating Cash Flow Growth	319.95%	-123.76%	-67.91%	-101.15%	-63.03%	-6.91%	-205.29%	777.42%	50.90%	-67.47%	208.12%
Free Cash Flow Firm Growth	173.51%	211.64%	492.99%	-75.47%	-97.27%	-154.75%	-364.46%	-808.55%	-4,077.35%	-102.06%	90.08%
Invested Capital Growth	-17.98%	-15.69%	-11.99%	-1.67%	0.05%	10.70%	38.01%	22.19%	21.14%	21.23%	2.83%
Revenue Q/Q Growth	-25.91%	-584.27%	53.30%	120.62%	-11.33%	-30.22%	330.14%	34.77%	-100.00%	0.00%	-74.66%
EBITDA Q/Q Growth	427.96%	-1,993.73%	124.53%	1,023.84%	-28.70%	-75.86%	149.11%	106.19%	-139.60%	876.85%	-101.32%
EBIT Q/Q Growth	228.16%	-1,840.46%	131.41%	895.32%	-25.37%	-73.00%	154.98%	99.51%	-135.10%	953.26%	-100.62%
NOPAT Q/Q Growth	813.06%	185.38%	-64.46%	254.41%	-49.68%	-120.48%	1,254.40%	-20.83%	-551.74%	151.52%	-86.93%
Net Income Q/Q Growth	362.60%	-31.36%	-15.01%	329.89%	-42.80%	-130.36%	528.12%	-17.03%	-48.19%	136.21%	-72.35%
EPS Q/Q Growth	2,600,100.00%	-199.83%	100.05%	428.57%	-45.95%	-145.00%	100.14%	-20.37%	-53.49%	150.00%	-86.00%
Operating Cash Flow Q/Q Growth	-6.03%	-171.12%	227.49%	-101.36%	3,108.73%	-305.68%	-34.98%	108.72%	570.21%	-328.27%	181.06%
Free Cash Flow Firm Q/Q Growth	84.48%	-12.91%	-33.25%	-76.98%	-79.49%	-1,848.31%	-226.43%	38.31%	-15.12%	11.18%	84.27%
Invested Capital Q/Q Growth	0.48%	-1.75%	-6.39%	6.39%	2.24%	8.71%	16.71%	-5.80%	1.36%	8.79%	-1.01%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	16.26%	0.00%	11.27%	57.42%	46.17%	15.97%	24.20%	37.03%	0.00%	48.34%	-2.52%
EBIT Margin	17.45%	0.00%	12.95%	58.44%	49.19%	19.03%	26.06%	38.58%	0.00%	49.05%	-1.21%
Profit (Net Income) Margin	17.59%	0.00%	11.85%	23.10%	14.90%	-6.48%	25.22%	15.53%	0.00%	8.07%	8.80%
Tax Burden Percent	87.47%	120.56%	122.98%	87.25%	80.79%	180.02%	75.48%	82.20%	273.72%	59.26%	142.15%
Interest Burden Percent	115.19%	-3.30%	74.40%	45.30%	37.49%	-18.92%	128.20%	48.95%	-21.70%	27.75%	-512.45%
Effective Tax Rate	12.53%	-20.56%	-22.98%	12.75%	19.21%	0.00%	24.52%	17.80%	-173.72%	40.74%	-42.15%
Return on Invested Capital (ROIC)	1.97%	0.00%	1.64%	3.01%	1.95%	-0.62%	2.78%	1.59%	0.00%	2.29%	0.97%
ROIC Less NNEP Spread (ROIC-NNEP)	2.04%	0.00%	1.51%	2.84%	1.97%	-0.71%	2.80%	1.64%	0.00%	1.58%	1.00%
Return on Net Nonoperating Assets (RNNOA)	8.80%	0.00%	5.39%	10.07%	7.07%	-2.70%	11.36%	6.38%	0.00%	6.73%	4.50%
Return on Equity (ROE)	10.76%	14.38%	7.03%	13.07%	9.02%	-3.32%	14.14%	7.96%	0.00%	9.01%	5.47%
Cash Return on Invested Capital (CROIC)	21.90%	20.21%	14.31%	4.67%	3.13%	-8.20%	-29.56%	-18.14%	-18.55%	-16.92%	-1.15%
Operating Return on Assets (OROA)	2.13%	0.00%	1.23%	6.50%	6.19%	2.54%	2.64%	3.97%	0.00%	7.20%	-0.14%
Return on Assets (ROA)	2.14%	0.00%	1.13%	2.57%	1.88%	-0.86%	2.56%	1.60%	0.00%	1.18%	1.04%
Return on Common Equity (ROCE)	8.67%	11.59%	5.72%	10.65%	7.36%	-2.69%	11.48%	6.51%	0.00%	7.39%	4.43%
Return on Equity Simple (ROE_SIMPLE)	15.24%	0.00%	5.56%	10.33%	11.15%	0.00%	11.58%	9.28%	7.61%	0.00%	9.45%
Net Operating Profit after Tax (NOPAT)	134	382	121	428	216	-44	282	223	-1,007	519	68
NOPAT Margin	15.27%	0.00%	15.93%	25.59%	14.52%	-4.26%	24.70%	14.51%	0.00%	14.33%	7.40%
Net Nonoperating Expense Percent (NNEP)	-0.07%	0.97%	0.12%	0.17%	-0.02%	0.09%	-0.02%	-0.06%	-3.93%	0.71%	-0.04%
SG&A Expenses to Revenue	33.19%	0.00%	24.89%	11.32%	12.54%	21.47%	20.68%	17.60%	0.00%	0.00%	29.60%
Operating Expenses to Revenue	82.55%	0.00%	87.05%	41.56%	50.81%	80.97%	73.94%	61.42%	0.00%	50.95%	101.21%
Earnings before Interest and Taxes (EBIT)	153	-2,663	98	978	730	197	297	593	-208	1,775	-11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	143	-2,699	86	961	685	165	276	569	-225	1,750	-23
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.48	0.56	0.60	0.70	0.69	0.82	0.89	0.85	0.85	0.86	0.91
Price to Tangible Book Value (P/TBV)	0.48	0.56	0.60	0.70	0.69	0.82	0.89	0.85	0.85	0.86	0.91
Price to Revenue (P/Rev)	0.59	0.00	1.01	1.08	0.93	0.95	1.30	1.32	2.25	0.89	1.08
Price to Earnings (P/E)	5.28	3.67	12.35	6.46	7.06	8.85	7.26	8.87	11.22	6.74	9.77
Dividend Yield	17.00%	14.93%	14.12%	11.76%	11.79%	10.26%	9.17%	9.38%	9.01%	9.23%	8.73%
Earnings Yield	18.92%	27.26%	8.10%	15.48%	14.16%	11.31%	13.77%	11.28%	8.91%	14.84%	10.23%
Enterprise Value to Invested Capital (EV/IC)	0.85	0.87	0.86	0.89	0.90	0.92	0.95	0.94	0.93	0.93	0.94
Enterprise Value to Revenue (EV/Rev)	5.94	0.00	7.88	7.53	6.66	6.65	9.77	9.42	15.22	6.42	7.28
Enterprise Value to EBITDA (EV/EBITDA)	27.36	0.00	0.00	34.08	21.24	17.36	47.95	85.37	0.00	17.07	26.42
Enterprise Value to EBIT (EV/EBIT)	25.96	0.00	0.00	31.25	19.67	16.44	42.08	66.56	0.00	16.46	25.12
Enterprise Value to NOPAT (EV/NOPAT)	35.75	25.01	52.02	29.62	28.20	49.59	46.10	55.97	177.39	45.09	57.93
Enterprise Value to Operating Cash Flow (EV/OCF)	2.57	4.88	8.39	17.59	38.61	47.51	0.00	0.00	0.00	0.00	72.89
Enterprise Value to Free Cash Flow (EV/FCFF)	3.50	3.95	5.66	18.94	28.64	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.65	3.60	3.34	3.46	3.52	4.03	4.75	4.29	4.13	4.49	4.26
Long-Term Debt to Equity	3.65	3.60	3.34	3.46	3.52	4.03	4.75	4.29	4.13	4.49	4.26
Financial Leverage	4.32	4.15	3.56	3.54	3.58	3.81	4.06	3.88	3.83	4.27	4.49
Leverage Ratio	5.62	5.43	4.93	4.80	4.89	5.27	5.62	5.19	5.13	5.72	6.06
Compound Leverage Factor	6.47	-0.18	3.67	2.17	1.83	-1.00	7.20	2.54	-1.11	1.59	-31.07
Debt to Total Capital	78.48%	78.26%	76.96%	77.59%	77.86%	80.10%	82.61%	81.09%	80.51%	81.77%	80.99%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	78.48%	78.26%	76.96%	77.59%	77.86%	80.10%	82.61%	81.09%	80.51%	81.77%	80.99%
Preferred Equity to Total Capital	3.84%	3.90%	4.17%	3.92%	3.83%	3.52%	3.02%	3.20%	3.16%	2.91%	2.82%
Noncontrolling Interests to Total Capital	0.22%	0.21%	0.20%	0.19%	0.18%	0.26%	0.23%	0.24%	0.24%	0.21%	0.85%
Common Equity to Total Capital	17.47%	17.64%	18.68%	18.30%	18.13%	16.11%	14.15%	15.47%	16.09%	15.11%	15.34%
Debt to EBITDA	25.27	-24.66	-247.89	29.64	18.47	15.06	41.80	73.89	-66.69	14.93	22.83
Net Debt to EBITDA	23.36	-23.06	-228.68	27.63	17.33	14.17	39.91	70.26	-62.52	14.12	21.46
Long-Term Debt to EBITDA	25.27	-24.66	-247.89	29.64	18.47	15.06	41.80	73.89	-66.69	14.93	22.83
Debt to NOPAT	33.03	22.46	46.29	25.76	24.53	43.02	40.18	48.44	154.33	39.45	50.07
Net Debt to NOPAT	30.53	21.01	42.70	24.01	23.00	40.47	38.36	46.06	144.67	37.31	47.06
Long-Term Debt to NOPAT	33.03	22.46	46.29	25.76	24.53	43.02	40.18	48.44	154.33	39.45	50.07
Noncontrolling Interest Sharing Ratio	19.46%	19.39%	18.66%	18.55%	18.47%	18.96%	18.80%	18.26%	0.00%	18.01%	19.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	7,326	6,380	4,231	974	200	-3,493	-11,190	-6,903	-7,947	-7,058	-1,110
Operating Cash Flow to CapEx	3,279.89%	-4,988.92%	27,098.81%	0.00%	0.00%	0.00%	-2,057.93%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.12	0.00	0.10	0.11	0.13	0.13	0.10	0.10	0.06	0.15	0.12
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	5.02	4.09	3.92	2.38	6.20	5.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	32,812	32,239	30,179	32,109	32,828	35,688	41,651	39,235	39,768	43,265	42,829
Invested Capital Turnover	0.13	0.00	0.10	0.12	0.13	0.15	0.11	0.11	0.07	0.16	0.13
Increase / (Decrease) in Invested Capital	-7,192	-5,998	-4,110	-546	16	3,449	11,472	7,126	6,940	7,577	1,178
Enterprise Value (EV)	27,876	28,096	26,098	28,650	29,393	32,953	39,470	36,758	36,801	40,438	40,132
Market Capitalization	2,746	3,172	3,356	4,106	4,101	4,712	5,269	5,154	5,436	5,629	5,962
Book Value per Share	$12.28	$12.00	$11.90	$12.17	$12.31	$11.90	$12.19	$12.55	$13.07	$12.58	$12.62
Tangible Book Value per Share	$12.28	$12.00	$11.90	$12.17	$12.31	$11.90	$12.19	$12.55	$13.07	$12.58	$12.62
Total Capital	32,812	32,239	30,179	32,109	32,828	35,688	41,651	39,235	39,768	43,265	42,829
Total Debt	25,751	25,229	23,225	24,914	25,560	28,587	34,408	31,815	32,017	35,379	34,688
Total Long-Term Debt	25,751	25,229	23,225	24,914	25,560	28,587	34,408	31,815	32,017	35,379	34,688
Net Debt	23,801	23,600	21,425	23,226	23,974	26,890	32,850	30,253	30,013	33,461	32,598
Capital Expenditures (CapEx)	42	20	4.61	0.00	0.00	0.00	64	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-20	276	31	42	-5.57	23	-5.98	-16	-1,130	227	-13
Net Nonoperating Obligations (NNO)	25,751	25,229	23,225	24,914	25,560	28,587	34,408	31,815	32,017	35,379	34,688
Total Depreciation and Amortization (D&A)	-10	-36	-13	-17	-45	-32	-21	-24	-17	-25	-12
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.27	$0.16	$0.14	$0.74	$0.40	($0.17)	$0.54	$0.44	$0.20	$0.51	$0.07
Adjusted Weighted Average Basic Shares Outstanding	467.97M	468.84M	478.17M	483.09M	483.21M	481.93M	483.34M	486.72M	491.36M	495.48M	524.10M
Adjusted Diluted Earnings per Share	$0.26	($259.56)	$0.14	$0.74	$400.00	($0.18)	$0.54	$0.43	$0.20	$0.50	$0.07
Adjusted Weighted Average Diluted Shares Outstanding	476.80M	481.64M	482.85M	483.38M	484.35M	483.72M	485.93M	490.98M	496.80M	499.60M	530.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	473.72M	473.73M	483.02M	483.32M	483.21M	483.23M	483.48M	489.73M	519.73M	520.66M	530.12M
Normalized Net Operating Profit after Tax (NOPAT)	134	222	69	428	216	-44	282	223	-257	519	33
Normalized NOPAT Margin	15.27%	0.00%	9.07%	25.59%	14.52%	-4.26%	24.70%	14.51%	0.00%	14.33%	3.64%
Pre Tax Income Margin	20.11%	0.00%	9.64%	26.47%	18.44%	-3.60%	33.41%	18.89%	0.00%	13.61%	6.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	57.09%	59.53%	152.28%	79.79%	73.62%	93.26%	71.09%	86.90%	102.11%	65.58%	85.92%
Augmented Payout Ratio	57.09%	60.06%	152.28%	79.79%	73.62%	93.26%	71.09%	86.90%	102.11%	65.58%	92.72%

Financials Breakdown Chart

Key Financial Trends

Rithm Capital Corp. (NYSE: RITM) has shown significant financial activity over the past four years, with notable fluctuations in revenue, net income, cash flows, and balance sheet strength. Here's an analysis of key financial trends observed from Q3 2022 through Q1 2025, focusing on the latest reported quarter of Q1 2025, in comparison to prior periods.

Rithm Capital reported a consolidated net income of $80.7 million in Q1 2025, recovering from a loss in Q4 2023 and showing profitability after several quarters of volatility.
Total revenue in Q1 2025 was $917 million, mostly coming from non-interest income of approximately $917 million, indicating strong performance in investment gains and other non-interest activities compared with prior quarters.
Net realized and unrealized capital gains on investments surged to around $207 million in Q1 2025, improving from losses or lower gains in previous quarters, which supports higher profitability.
Operating expenses remained elevated but stable with total non-interest expense at about $928 million in Q1 2025, reflecting the scale of operations but also the capacity to generate revenue above expenses.
Net cash from continuing operating activities was strong at $1.42 billion in Q1 2025, a rebound from negative cash flows in previous quarters, indicating better operational cash generation.
Issuance and repayment of debt have been high but relatively balanced, with Q1 2025 showing issuance of around $34.6 billion and repayments near $34.96 billion, reflecting active liability management and maintenance of capital structure.
Cash and due from banks increased to approximately $1.49 billion in Q1 2025, reflecting a solid liquidity position compared to prior quarters.
The company continues to pay consistent common dividends at $0.25 per share every quarter, offering steady returns for shareholders.
Weighted average diluted shares outstanding increased modestly from about 483 million in early 2023 to over 530 million in Q1 2025, slightly diluting earnings per share but aligned with capital raising activities.
Despite net income, the basic and diluted earnings per share in Q1 2025 are about $0.07, significantly lower than prior quarters which ranged from $0.14 to $0.74, reflecting earnings volatility and share dilution.
Total liabilities have continued to grow, reaching over $37.2 billion in Q1 2025 from about $27.5 billion in Q3 2023, driven largely by long-term debt increasing to nearly $34.7 billion, which could increase financial risk if not matched by asset growth.
Retained earnings remain negative and have slightly fluctuated but stayed negative (approximately -$130 million in Q1 2025), indicating historical accumulated losses or distributions exceeding earnings retained.

Summary: Rithm Capital has demonstrated a capacity to generate positive net income and strong operating cash flows in the latest quarter after previous periods of losses and operational challenges. The company relies heavily on non-interest income, especially capital gains, which introduces volatility. The balance sheet shows growth in liabilities, driven mostly by long-term debt, which poses leverage risk. EPS performance is tempered by share dilution despite the return to profitability. Investors should watch for the sustainability of income and expense levels, management of debt, and earnings per share recovery in coming quarters.

09/18/25 08:27 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Rithm Capital's Financials

When does Rithm Capital's fiscal year end?

According to the most recent income statement we have on file, Rithm Capital's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Rithm Capital's net income changed over the last 9 years?

Rithm Capital's net income appears to be on an upward trend, with a most recent value of $941.49 million in 2024, rising from $281.88 million in 2015. The previous period was $630.67 million in 2023. View Rithm Capital's forecast to see where analysts expect Rithm Capital to go next.

How has Rithm Capital's revenue changed over the last 9 years?

Over the last 9 years, Rithm Capital's total revenue changed from $388.70 million in 2015 to $6.30 billion in 2024, a change of 1,519.6%.

How much debt does Rithm Capital have?

Rithm Capital's total liabilities were at $38.16 billion at the end of 2024, a 17.0% increase from 2023, and a 212.7% increase since 2015.

How much cash does Rithm Capital have?

In the past 9 years, Rithm Capital's cash and equivalents has ranged from $249.94 million in 2015 to $1.46 billion in 2024, and is currently $1.46 billion as of their latest financial filing in 2024.

How has Rithm Capital's book value per share changed over the last 9 years?

Over the last 9 years, Rithm Capital's book value per share changed from 12.13 in 2015 to 12.58 in 2024, a change of 3.7%.

Related Companies

This page (NYSE:RITM) was last updated on 9/18/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Rithm Capital (RITM) Financials

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Rithm Capital's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Rithm Capital (RITM) Financials

Annual Income Statements for Rithm Capital

Quarterly Income Statements for Rithm Capital

Annual Cash Flow Statements for Rithm Capital

Quarterly Cash Flow Statements for Rithm Capital

Annual Balance Sheets for Rithm Capital

Quarterly Balance Sheets for Rithm Capital

Annual Metrics And Ratios for Rithm Capital

Quarterly Metrics And Ratios for Rithm Capital

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Rithm Capital's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools