Discontinued — last reported Q3 '23
Business Segments · Net income (loss)
Servicing — Net income (loss)
New Residential Investment Corp. Servicing — Net income (loss) remained flat by 0.0% to $365.50M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 69.3%, from $215.93M to $365.50M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityVolatile
First reportedQ1 2019
Last reportedQ3 2023Nov 1, 2023
Rolls up toNet Income
How to read this metric
Higher net income indicates a healthy, profitable servicing business, while losses suggest operational challenges or adverse market conditions.
Detailed definition
The total profit or loss generated by the servicing segment after accounting for all revenues, operating expenses, and t...
Peer comparison
The standard bottom-line metric for any business segment, comparable across all public companies.
Metric ID:
ritm_segment_servicing_net_income_lossHistorical Data
20 periods
| Q2 '21 | Q2 '21 | Q3 '21 | Q3 '21 | Q4 '21 | Q4 '21 | Q1 '22 | Q1 '22 | Q2 '22 | Q2 '22 | Q3 '22 | Q3 '22 | Q4 '22 | Q4 '22 | Q1 '23 | Q1 '23 | Q2 '23 | Q2 '23 | Q3 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$71.86M | -$71.86M | $20.47M | $20.47M | $192.05M | $192.05M | $600.42M | $600.42M | $427.22M | $427.22M | $215.93M | $215.93M | $94.35M | $94.35M | $192.11M | $192.11M | $285.84M | $285.84M | $365.50M | $365.50M |
| QoQ Change | — | +0.0% | +128.5% | +0.0% | +838.4% | +0.0% | +212.6% | +0.0% | -28.8% | +0.0% | -49.5% | +0.0% | -56.3% | +0.0% | +103.6% | +0.0% | +48.8% | +0.0% | +27.9% | +0.0% |
| YoY Change | — | — | — | — | — | — | — | — | +694.5% | +694.5% | +955.1% | +955.1% | -50.9% | -50.9% | -68.0% | -68.0% | -33.1% | -33.1% | +69.3% | +69.3% |
Range-$71.86M – $600.42M
CAGR+40.8%
Avg YoY Growth+261.1%
Median YoY Growth+18.1%
Current Streak7 quarters growth
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Frequently Asked Questions
- What is New Residential Investment Corp.'s servicing — net income (loss)?
- New Residential Investment Corp. (NRZ) reported servicing — net income (loss) of $365.50M in Q3 2023.
- How has New Residential Investment Corp.'s servicing — net income (loss) changed year-over-year?
- New Residential Investment Corp.'s servicing — net income (loss) increased by 69.3% year-over-year, from $215.93M to $365.50M.
- What does servicing — net income (loss) mean?
- The total net profit or loss produced by the servicing business segment.