earnings
confidence high
sentiment neutral
materiality 0.65
Rithm Capital Q1 GAAP net income $36.5M ($0.07/sh); EAD $275.3M ($0.52/sh)
Rithm Capital Corp.
2025-Q1 EPS reported
$0.07
revenue$768,379,000
- GAAP net income $36.5M ($0.07 diluted EPS) vs $263.2M ($0.50) in Q4 2024; common dividend $0.25/sh unchanged.
- Earnings available for distribution $275.3M ($0.52/sh) down from $315.8M ($0.60) sequentially; book value $12.39/sh.
- Completed $878M MSR-backed securitization, largest-ever non-recourse term financing of mortgage servicing rights.
- Sponsored $230M IPO of SPAC Rithm Acquisition Corp. (NYSE: RAC); closed $634M in non-QM securitizations.
- Newrez pre-tax income $270.1M (ex-MSR mark); Sculptor AUM ~$35B, raised $870M for Real Estate Fund V.