Discontinued — last reported Q3 '24
Business Segments · Income tax expense (benefit)
Origination and Servicing — Income tax expense (benefit)
New Residential Investment Corp. Origination and Servicing — Income tax expense (benefit) remained flat by 0.0% to -$84.76M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 250.4%, from $56.35M to -$84.76M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ2 2021
Last reportedQ3 2024Nov 5, 2024
Rolls up toIncome Tax
How to read this metric
An increase in tax expense often correlates with higher pre-tax segment profitability, while a benefit may indicate tax credits or operating losses.
Detailed definition
Represents the total income tax expense or benefit allocated to the Origination and Servicing business segment. This ref...
Peer comparison
Standard across financial services firms reporting segment-level tax allocations.
Metric ID:
ritm_segment_origination_and_servicing_income_tax_expense_benefitHistorical Data
22 periods
| Q2 '21 | Q2 '21 | Q3 '21 | Q3 '21 | Q1 '22 | Q1 '22 | Q2 '22 | Q2 '22 | Q3 '22 | Q3 '22 | Q1 '23 | Q1 '23 | Q2 '23 | Q2 '23 | Q3 '23 | Q3 '23 | Q1 '24 | Q1 '24 | Q2 '24 | Q2 '24 | Q3 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$18.39M | -$18.39M | $20.83M | $20.83M | $199.10M | $199.10M | $154.18M | $154.18M | $29.59M | $29.59M | -$3.67M | -$3.67M | $49.21M | $49.21M | $56.35M | $56.35M | $96.20M | $96.20M | $38.96M | $38.96M | -$84.76M | -$84.76M |
| QoQ Change | — | +0.0% | +213.3% | +0.0% | +856.0% | +0.0% | -22.6% | +0.0% | -80.8% | +0.0% | -112.4% | +0.0% | >999% | +0.0% | +14.5% | +0.0% | +70.7% | +0.0% | -59.5% | +0.0% | -317.6% | +0.0% |
| YoY Change | — | — | — | — | — | — | +938.6% | +938.6% | +42.1% | +42.1% | -101.8% | -101.8% | -68.1% | -68.1% | +90.4% | +90.4% | >999% | >999% | -20.8% | -20.8% | -250.4% | -250.4% |
Range-$84.76M – $199.10M
CAGR+33.8%
Avg YoY Growth+418.7%
Median YoY Growth+10.6%
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Frequently Asked Questions
- What is New Residential Investment Corp.'s origination and servicing — income tax expense (benefit)?
- New Residential Investment Corp. (NRZ) reported origination and servicing — income tax expense (benefit) of -$84.76M in Q3 2024.
- How has New Residential Investment Corp.'s origination and servicing — income tax expense (benefit) changed year-over-year?
- New Residential Investment Corp.'s origination and servicing — income tax expense (benefit) decreased by 250.4% year-over-year, from $56.35M to -$84.76M.
- What does origination and servicing — income tax expense (benefit) mean?
- The amount of income tax expense or benefit attributed to the origination and servicing business unit.