secwatch.observer — SEC 8-K summary
======================================

Issuer:     Rithm Capital Corp. (RITM)
CIK:        0001556593
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001556593-25-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rithm Capital Q1 GAAP net income $36.5M ($0.07/sh); EAD $275.3M ($0.52/sh)
--------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1556593/000155659325000013/0001556593-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1556593/000155659325000013/ritm-20250425.htm
  HTML page:      https://secwatch.observer/filing/0001556593-25-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer