Rithm Capital RITM Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Total Revenue by Business | |||||
| Corporate Category | $10.5M+149,843% | $7K— | $0— | —— | |
| Investment Portfolio | $444.55M+1.9% | $436.22M— | —— | $341M-68.0% | |
| Origination and Servicing | $3.13B-16.3% | $3.75B+25.9% | $2.98B-32.9% | $4.43B— | |
| Residential Transitional Lending | $301.59M+17.0% | $257.83M+25.3% | $205.78M+41.6% | $145.32M— | |
| Other income (loss), net by Business | |||||
| Corporate Category | -$1.2M-2,543% | $49K+100% | -$26.36M— | —— | |
| Investment Portfolio | $46.62M+112% | $22.03M— | —— | -$113.88M-998% | |
| Origination and Servicing | $5.09M-76.5% | $21.68M+208% | -$20.13M-255% | -$5.66M+46.0% | |
| Nonoperating Gains (Losses) by Business | |||||
| Corporate Category | -$1.86M-3,892% | $49K+100% | -$31M-62.3% | -$19.1M-2,303% | |
| Investment Portfolio | $149.98M— | —— | —— | $12.4M+110% | |
| Origination and Servicing | $5.09M+112% | -$43.56M-119% | -$19.85M+94.3% | -$348.45M— | |
| Residential Transitional Lending | $18.27M— | —— | $7.71M-84.1% | $48.63M— | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | |||||
| Corporate Category | -$215.13M-27.7% | -$168.5M+7.1% | -$181.39M+67.2% | -$552.75M-257% | |
| Investment Portfolio | $171.08M— | —— | $128.49M-12.1% | $146.24M-37.4% | |
| Origination and Servicing | $661.7M-40.5% | $1.11B— | —— | $1.72B— | |
| Residential Transitional Lending | $87.73M-21.2% | $111.36M+146% | $45.22M-42.5% | $78.69M— | |
| Equity, Attributable to Parent by Business | |||||
| Corporate Category | -$4.75B-1.0% | -$4.7B-123% | -$2.11B-15.3% | -$1.83B— | |
| Investment Portfolio | $6.48B-39.6% | $10.74B— | —— | —— | |
| Origination and Servicing | $23.09B+27.5% | $18.1B— | —— | —— | |
| Residential Transitional Lending | $3.49B— | —— | —— | —— | |
| Total Assets by Business | |||||
| Corporate Category | $2.08B+571% | $309.47M-62.4% | $823.18M-44.0% | $1.47B— | |
| Investment Portfolio | $38.85B-46.4% | $72.5B— | —— | —— | |
| Origination and Servicing | $115.34B+43.1% | $80.57B+5.7% | $76.25B— | —— | |
| Residential Transitional Lending | $15.46B— | —— | —— | —— | |
| Equity, Including Portion Attributable to Noncontrolling Interest by Business | |||||
| Corporate Category | -$4.75B-1.0% | -$4.7B-123% | -$2.11B-15.3% | -$1.83B— | |
| Investment Portfolio | $6.72B— | —— | —— | —— | |
| Origination and Servicing | $23.12B— | —— | —— | —— | |
| Residential Transitional Lending | $3.49B— | —— | —— | —— | |
| Other segment expenses by Business | |||||
| Corporate Category | $50.2M+8.8% | $46.15M-40.8% | $77.94M— | —— | |
| Investment Portfolio | $91.06M+12.8% | $80.72M+35.2% | $59.7M+307% | $14.68M-96.9% | |
| Origination and Servicing | $592.23M+18.4% | $500.35M-2.6% | $513.45M-30.7% | $740.63M-51.7% | |
| Residential Transitional Lending | $24.25M+23.9% | $19.58M+56.3% | $12.53M-23.2% | $16.31M— | |
| Operating Expenses by Business | |||||
| Corporate Category | $223.77M+32.8% | $168.56M+12.1% | $150.4M-71.8% | $533.92M+243% | |
| Investment Portfolio | $423.45M+9.4% | $387.19M— | —— | $207.16M-70.7% | |
| Origination and Servicing | $2.48B-4.3% | $2.59B+16.4% | $2.22B-10.8% | $2.5B— | |
| Residential Transitional Lending | $232.13M+16.7% | $198.89M+18.2% | $168.27M+46.0% | $115.26M— | |
| Notes payable, at fair value and other liabilities by Business | |||||
| Corporate Category | $0— | —— | —— | —— | |
| Investment Portfolio | $10.02B— | —— | —— | —— | |
| Origination and Servicing | $0— | —— | —— | —— | |
| Residential Transitional Lending | $3.46B— | —— | —— | —— | |
| Non-controlling interests in equity of consolidated subsidiaries by Business | |||||
| Corporate Category | $0— | $0— | $0— | $0— | |
| Investment Portfolio | $234.07M— | —— | —— | —— | |
| Origination and Servicing | $38.24M— | —— | —— | —— | |
| Residential Transitional Lending | $0— | —— | —— | —— | |
| Investments, at fair value and other assets by Business | |||||
| Corporate Category | $0— | —— | —— | —— | |
| Investment Portfolio | $11.72B— | —— | —— | —— | |
| Origination and Servicing | $0— | —— | —— | —— | |
| Residential Transitional Lending | $3.95B— | —— | —— | —— | |
| Total Restricted Cash by Business | |||||
| Corporate Category | $938.6M— | $0— | —— | —— | |
| Investment Portfolio | $247.68M-37.1% | $393.84M— | —— | —— | |
| Origination and Servicing | $716.19M-6.2% | $763.14M— | —— | —— | |
| Residential Transitional Lending | $211.08M— | —— | —— | —— | |
| Other assets by Business | |||||
| Corporate Category | $23.76M— | —— | —— | —— | |
| Investment Portfolio | $9.44B-26.3% | $12.8B— | —— | —— | |
| Origination and Servicing | $26.01B+39.1% | $18.7B-9.0% | $20.54B— | —— | |
| Residential Transitional Lending | $718.55M— | —— | —— | —— | |
| Gain (Loss) on Investments by Business | |||||
| Corporate Category | -$661K— | $0— | $0-100% | $67K+139% | |
| Investment Portfolio | $103.36M— | —— | $273K-99.8% | $126.27M+192% | |
| Origination and Servicing | $0-100% | $22K— | —— | -$342.79M— | |
| Residential Transitional Lending | $18.83M— | —— | $1.5M-95.9% | $36.39M— | |
| Compensation and benefits by Business | |||||
| Corporate Category | $77.41M+61.0% | $48.08M+32.8% | $36.21M+128% | $15.91M— | |
| Investment Portfolio | $3.99M+4.8% | $3.81M— | —— | $1.79M— | |
| Origination and Servicing | $774.51M+9.6% | $706.81M+7.8% | $655.82M-44.0% | $1.17B— | |
| Residential Transitional Lending | $63.09M+33.3% | $47.32M+8.7% | $43.55M+4.5% | $41.66M— | |
| Liabilities by Business | |||||
| Corporate Category | $5.89B+17.5% | $5.01B+70.9% | $2.93B-11.1% | $3.3B— | |
| Investment Portfolio | $32.14B-47.8% | $61.6B— | —— | —— | |
| Origination and Servicing | $92.21B+47.7% | $62.43B+14.9% | $54.34B— | —— | |
| Residential Transitional Lending | $11.97B— | —— | —— | —— | |
| Investments by Business | |||||
| Corporate Category | $0— | $0— | $0— | $0— | |
| Investment Portfolio | $17.4B-64.4% | $48.87B— | —— | —— | |
| Origination and Servicing | $84.14B+45.6% | $57.8B+13.4% | $50.98B— | —— | |
| Residential Transitional Lending | $10.11B— | —— | —— | —— | |
| Interest expense and warehouse line fees by Business | |||||
| Corporate Category | $96.13M+29.4% | $74.31M+105% | $36.18M-1.0% | $36.55M+1.1% | |
| Investment Portfolio | $296.23M+8.9% | $271.91M— | —— | $167.3M-30.6% | |
| Origination and Servicing | $1.09B-18.2% | $1.33B+31.2% | $1.01B+93.4% | $522.96M— | |
| Residential Transitional Lending | $137.07M+9.0% | $125.72M+18.7% | $105.91M+108% | $50.98M— | |
| D&A by Business | |||||
| Corporate Category | $31K+47.6% | $21K-67.7% | $65K-81.3% | $348K— | |
| Investment Portfolio | $32.16M+4.6% | $30.75M+18.6% | $25.93M+10.8% | $23.39M— | |
| Origination and Servicing | $26.45M-53.2% | $56.5M+27.9% | $44.17M-25.7% | $59.46M— | |
| Residential Transitional Lending | $7.73M+23.3% | $6.27M-0.2% | $6.28M-0.3% | $6.3M— | |
| Impairment loss by Business | |||||
| Origination and Servicing | $0— | —— | $0— | $0— | |
| Residential Transitional Lending | $0— | $0— | $0— | —— | |
| Debt by Business | |||||
| Corporate Category | $4.81B+16.4% | $4.13B+89.0% | $2.18B-7.6% | $2.36B— | |
| Investment Portfolio | $20.41B-59.8% | $50.8B— | —— | —— | |
| Origination and Servicing | $73.77B+58.2% | $46.65B+7.0% | $43.59B— | —— | |
| Residential Transitional Lending | $8.26B— | —— | —— | —— | |
| Redeemable Non-controlling Interests of Consolidated Subsidiaries (Note 22) by Business | |||||
| Corporate Category | $938.6M— | —— | —— | —— | |
| Investment Portfolio | $0— | —— | —— | —— | |
| Origination and Servicing | $0— | —— | —— | —— | |
| Residential Transitional Lending | $0— | —— | —— | —— | |
| Restricted Cash by Business | |||||
| Corporate Category | $938.6M— | —— | $0-100% | $312K— | |
| Investment Portfolio | $187.25M— | —— | —— | —— | |
| Origination and Servicing | $716.19M— | —— | $1.14B— | —— | |
| Residential Transitional Lending | $171.51M— | —— | —— | —— | |
| Cash & Equivalents by Business | |||||
| Corporate Category | $1.11B+345% | $250.78M-45.4% | $458.96M-40.3% | $768.34M— | |
| Investment Portfolio | $110.03M-91.7% | $1.32B— | —— | —— | |
| Origination and Servicing | $4.35B+35.7% | $3.21B-7.5% | $3.47B— | —— | |
| Residential Transitional Lending | $282.62M— | —— | —— | —— | |
| Goodwill by Business | |||||
| Corporate Category | $0— | $0— | $0— | $0— | |
| Investment Portfolio | $0-100% | $15.28M— | —— | —— | |
| Origination and Servicing | $117.87M+14.9% | $102.6M-13.0% | $117.87M— | —— | |
| Residential Transitional Lending | $222.92M— | —— | —— | —— | |
| Investments in Equity Method Investees by Business | |||||
| Corporate Category | $0— | —— | —— | —— | |
| Investment Portfolio | $1.25B— | —— | —— | —— | |
| Origination and Servicing | $99.78M— | —— | —— | —— | |
| Residential Transitional Lending | $84.42M— | —— | —— | —— | |
| Revenue by Product | |||||
| Change in fair value of MSRs and MSR financing receivables, net of economic hedges (includes realization of cash flows of $(211,456) and $(146,891), respectively) | -$1.17B-158% | -$455.92M+19.4% | -$565.68M-178% | $728.88M+226% | |
| Gain on originated residential mortgage loans, held-for-sale, net | $729.53M+6.9% | $682.54M+27.5% | $535.2M-51.5% | $1.1B-39.6% | |
| Interest income | $1.87B-3.9% | $1.95B+16.3% | $1.68B+55.8% | $1.08B+32.7% | |
| Servicing fee revenue, net and interest income from MSRs and MSR financing receivables | $2.29B+15.1% | $1.99B+7.2% | $1.86B+1.5% | $1.83B+17.5% | |
| Servicing revenue, net | $1.12B-30.1% | $1.6B+23.8% | $1.29B-49.4% | $2.56B+161% | |
| Total Income and Fees Receivable by Product | |||||
| Incentive income | $359.34M+42.8% | $251.61M— | —— | —— | |
| Management fees | $184.87M+93.8% | $95.38M— | —— | —— | |
| Crestline Acquisition (Note 3) by Product | |||||
| Deferred Annuities | $844.84M— | —— | —— | —— | |
| Fixed Indexed Annuities | $70.14M— | —— | —— | —— | |
| Interest credited by Product | |||||
| Deferred Annuities | $4.93M— | —— | —— | —— | |
| Fixed Indexed Annuities | $187K— | —— | —— | —— | |
| Policy charges by Product | |||||
| Deferred Annuities | $9K— | —— | —— | —— | |
| Fixed Indexed Annuities | $0— | —— | —— | —— | |
| Policyholder Account Balance, Benefit Payment by Product | |||||
| Deferred Annuities | $1.14M— | —— | —— | —— | |
| Fixed Indexed Annuities | $0— | —— | —— | —— | |
| Deposits by Product | |||||
| Deferred Annuities | $35.31M— | —— | —— | —— | |
| Fixed Indexed Annuities | $3.71M— | —— | —— | —— | |
| Policyholder Account Balance, Surrender and Withdrawal by Product | |||||
| Deferred Annuities | $3.48M— | —— | —— | —— | |
| Fixed Indexed Annuities | $3K— | —— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Rithm Capital break its business down?
- Rithm Capital (RITM) reports total revenue by business across 4 parts — Corporate Category, Investment Portfolio, Origination and Servicing and Residential Transitional Lending. Each is extracted from the segment footnotes and tracked over time.
- Where does Rithm Capital's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Rithm Capital's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
