Rithm Capital Corp 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch31, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934For the transition period from ________________to________________Commission File Number:001-35777 Rithm Capital Corp. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filerSmaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the last practicable date. Common stock, $0.01 par value per share:530,122,477shares outstanding as of April29, 2025. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This report contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, whichstatementsinvolve substantial risks and uncertainties.Such forward-looking statements relate to,among other things,the operatingperformance of our investments, the stability of our earnings, our financing needs and the size, attractiveness of market opportunities and theresidential real estate market and general economic conditions. Forward-looking statements are generally identifiable by use of forward-lookingterminologysuch as“may,”“will,”“plan,”“should,”“potential,”“intend,”“expect,”“endeavor,”“seek,”“anticipate,”“estimate,”“overestimate,” “underestimate,” “believe,” “could,” “project,” “predict,” “continue” or other similar words or expressions. Forward-lookingstatements are based on certain assumptions, discuss future expectations, describe future plans and strategies, contain projections of results ofoperations, cash flows or financial condition or state other forward-looking information. Our ability to predict results or the actual outcome offuture plans or strategies is inherently limited. Although we believe that the expectations reflected in such forward-looking statements are basedon reasonable assumptions, our actual results, activities and performance could differ materially from those set forth in the forward-lookingstatements. These forward-looking statements involve risks, uncertainties and other factors that may cause our actual results in future periods todiffer materially from forecasted results. Our ability to implement our business strategy is subject to numerous risks, and the following is only a summary of the principal risks that maymaterially adversely affect our business, financial condition, results of operations and cash flows. The following should be read in conjunctionwith the more complete discussion of risk factors we face, which are set forth under Part I, Item 1A. “Risk Factors” in our Annual Report onForm 10-K for the fiscal year ended December 31, 2024. These risks include, among others: •our ability to successfully operate our business strategies and generate sufficient revenue;•the value of our investments, including the valuation methodologies used for certain assets in our funds, is based on variousassumptions that could prove to be incorrect and could have a negative impact on our financial results;•the risks related to our origination and servicing operations, including, but not limited to, compliance with applicable laws, regulationsand other requirements; significant increases in loan delinquencies; compliance with the terms of related servicing agreements;financing related to servicer advances, mortgage servicing rights (“MSRs”) and our origination business; expenses related to servicinghigh risk loans; unrecoverable or delayed recovery o