← Rithm Capital Corp.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $290.6m | $295.8m | $251.1m | $528.7m | $944.9m | $1.3b | $1.3b | $1.2b | $1.5b | $1.8b | |
| Accounts Receivable | $1.7b | $1.0b | $3.9b | $5.3b | $4.2m | $0 | $473.1m | $220.0m | — | — | |
| Restricted Cash and Cash Equivalents | $163.1m | $150.3m | $164.0m | $162.2m | $135.6m | $195.9m | $281.1m | — | $308.4m | $809.3m | |
| Accounts Receivable, after Allowance for Credit Loss | $1.7b | $1.0b | $3.9b | $5.3b | $4.2m | $0 | $473.1m | $220.0m | — | — | |
| Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value | $659.5m | $1.7b | $2.9b | $4.0b | $3.5b | $6.9b | $8.9b | $8.4b | $10.3b | $10.4b | |
| Cash and cash equivalents | $290.6m | $295.8m | $251.1m | $528.7m | $944.9m | $1.3b | $1.3b | $1.3b | $1.5b | $1.8b | |
| Servicer advances receivable | $81.6m | $675.6m | $3.3b | $3.3b | $3.0b | $2.9b | $2.8b | $2.8b | $3.2b | $3.1b | |
| Property, Plant and Equipment, Net | — | — | — | $18.0m | $27.5m | $56.6m | $37.9m | — | $70.5m | $82.9m | |
| Goodwill | — | — | $24.6m | $29.7m | $29.5m | $85.2m | $85.2m | — | $133.8m | $316.6m | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | $18.7m | $41.0m | $34.1m | $143.1m | $141.4m | — | $331.9m | $370.0m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $32.1m | $26.9m | $117.1m | $77.3m | — | $99.2m | $123.1m | |
| Other assets | $291.6m | $312.2m | $688.4m | $1.6b | $1.4b | $2.6b | $1.9b | $3.5b | $4.6b | $5.6b | |
| Investments, at fair value and other assets | — | — | — | — | — | — | $2.8b | $3.8b | $5.1b | $5.8b | |
| Additional Financial Items | |||||||||||
| Cash | $290.6m | $295.8m | $251.1m | $528.7m | $944.9m | $1.3b | $1.3b | — | $1.5b | $1.8b | |
| Government and government-backed securities (includes $5,230,139 and $9,711,346 at fair value, respectively) | — | — | — | — | — | — | — | $8.6b | $9.7b | $5.3b | |
| Residential mortgage loans, held-for-sale (includes [$—] and [$4,307,571] at fair value, respectively) | $696.7m | $1.7b | $932.5m | $1.4b | $5.2b | $11.3b | $3.4b | $2.5b | $4.4b | $5.5b | |
| Residential mortgage loans, held-for-investment, at fair value | $190.8m | $691.2m | $735.3m | $925.7m | $1.4b | $1.1b | $816.3m | $379.0m | $361.9m | $324.7m | |
| Consumer loans held-for-investment, at fair value | $1.8b | — | — | — | — | — | $363.8m | $1.3b | $665.6m | $784.4m | |
| Residential transition loans, at fair value | — | — | — | — | $0 | $1.5b | $2.1b | $2.2b | $2.2b | $2.7b | |
| Residential mortgage loans subject to repurchase | — | $0 | $121.6m | $172.3m | $1.5b | $1.8b | $1.2b | $1.8b | $2.7b | $4.0b | |
| Real estate, net | — | — | — | — | — | — | — | — | $1.1b | $6.2b | |
| Insurance company investments, at fair value | — | — | — | — | — | — | — | — | $0 | $906.5m | |
| Restricted cash | $163.1m | $150.3m | $164.0m | $162.2m | $135.6m | $195.9m | $281.1m | $385.6m | $459.1m | $941.8m | |
| Secured financing agreements | — | — | — | $27.9b | $17.5b | $20.6b | $11.3b | $12.6b | $16.8b | $13.8b | |
| Secured notes and bonds payable (includes [$185,460] and [$185,460] at fair value, respectively) | $8.0b | $7.1b | $7.1b | $7.7b | $7.6b | $8.6b | $10.1b | $10.7b | $10.3b | $15.2b | |
| Residential mortgage loan repurchase liability | — | — | — | $172.3m | $1.5b | $1.8b | $1.2b | $1.8b | $2.7b | $4.0b | |
| Unsecured notes, net of issuance costs | — | — | — | $0 | $541.5m | $543.3m | $545.1m | $719.0m | $1.2b | $1.4b | |
| Interest Sensitive Insurance Contract Liabilities | — | — | — | — | — | — | — | — | $0 | $960.2m | |
| Notes payable, at fair value and other liabilities | — | — | — | — | — | — | $2.4b | $3.2b | $4.3b | $5.0b | |
| Redeemable Non-controlling Interests of Consolidated Subsidiaries (Note 22) | — | — | — | — | — | — | — | — | $0 | $314.3m | |
| Stockholders’ Equity in Rithm Capital Corp. | $3.3b | $4.7b | $6.0b | $7.2b | $5.3b | $6.6b | $6.9b | $7.0b | $7.8b | $8.4b | |
| Non-controlling interests in equity of consolidated subsidiaries | $208.1m | $106.0m | $90.6m | $78.5m | $108.7m | $65.3m | $67.1m | $94.1m | $91.3m | $509.9m | |
| Total Stockholders’ Equity | $3.5b | $4.8b | $6.1b | $7.2b | $5.4b | $6.7b | $7.0b | $7.1b | $7.9b | $8.9b | |
| Assets | $18.4b | $22.2b | $31.7b | $44.9b | $33.3b | $39.7b | $32.5b | $36.8b | $46.0b | $53.1b | |
| Total Assets | $18.4b | $22.2b | $31.7b | $44.9b | $33.3b | $39.7b | $32.5b | $35.3b | $46.0b | $53.1b | |
| LIABILITIES AND EQUITY | |||||||||||
| Dividends Payable | $115 | $154 | $185 | $212 | $90 | $128 | $130 | $135 | $153 | $179 | |
| Accrued expenses and other liabilities (includes [[•]] and [$525,486] at fair value, respectively) | $170.9m | $239.1m | $490.5m | $773.1m | $537.3m | $1.4b | $1.5b | $2.3b | $2.6b | $3.3b | |
| Deferred Income Tax Liabilities, Net | — | $19.2m | $0 | — | $7.9m | $440.7m | $711.9m | — | $786.1m | $849.4m | |
| Long-term Debt | $13.2b | $15.8b | $22.7b | $35.7b | $25.8b | $29.8b | $22.0b | — | $32.6b | $35.4b | |
| Deferred Tax Liabilities, Net | — | $19.2m | — | — | $7.9m | $440.7m | $711.9m | — | $786.1m | $843.0m | |
| Liabilities: | |||||||||||
| Liabilities | $14.9b | $17.4b | $25.6b | $37.6b | $27.8b | $33.1b | $25.5b | $29.5b | $38.2b | $43.8b | |
| Total Liabilities | $14.9b | $17.4b | $25.6b | $37.6b | $27.8b | $33.1b | $25.5b | $28.2b | $38.2b | $43.8b | |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | — | — | — | — | — | — | — | — | — | $314.3m | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | — | — | — | — | $813.0m | $1.3b | $1.3b | $1.3b | $1.3b | $1.4b | |
| Common Stock, Value, Issued | $2.5m | $3.1m | $3.7m | $4.2m | $4.1m | $4.7m | $4.7m | $4.8m | $5.2m | $5.6m | |
| Additional Paid in Capital | $2.9b | $3.8b | $4.7b | $5.5b | $5.5b | $6.1b | $6.1b | $6.1b | $6.5b | $7.0b | |
| Retained Earnings (Accumulated Deficit) | $210.5m | $559.5m | $830.7m | $549.7m | ($1.1b) | ($813.0m) | ($418.7m) | ($164.0m) | ($47.0m) | ($19.9m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $126.4m | $364.5m | $417.0m | $682.2m | $65.7m | $90.3m | $37.7m | $39.0m | $50.9m | $71.1m | |
| 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 | — | — | 0 | 423.4m | 813.0m | 1.3b | 1.3b | 1.3b | 1.3b | 1.4b | |
| Common stock, $0.01 par value, 2,000,000,000 shares authorized, 555,880,947 and 520,656,256 issued and outstanding, respectively | 2.5m | 3.1m | 3.7m | 4.2m | 4.1m | 4.7m | 4.7m | 4.8m | 5.2m | 5.6m | |
| Accumulated deficit | $210.5m | $559.5m | $830.7m | $549.7m | ($1.1b) | ($813.0m) | ($418.7m) | ($373.1m) | ($47.0m) | ($19.9m) | |
| Accumulated other comprehensive income | $126.4m | $364.5m | $417.0m | $682.2m | $65.7m | $90.3m | $37.7m | $43.7m | $50.9m | $71.1m | |
| Stockholders' Equity Attributable to Parent | $3.3b | $4.7b | $6.0b | $7.2b | $5.3b | $6.6b | $6.9b | $7.2b | $7.8b | $8.4b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | $208.1m | $106.0m | $90.6m | $78.5m | $108.7m | $65.3m | $67.1m | $59.9m | $91.3m | $509.9m | |
| Liabilities and Equity | $18.4b | $22.2b | $31.7b | $44.9b | $33.3b | $39.7b | $32.5b | $36.8b | $46.0b | $53.1b | |
| Total Liabilities and Equity | $18.4b | $22.2b | $31.7b | $44.9b | $33.3b | $39.7b | $32.5b | $35.3b | $46.0b | $53.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.