Rithm Capital Corp 2025年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 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. Delaware45-3449660 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 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 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas 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 reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial 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: 530,122,477 shares outstanding as of April 29, 2025. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This report contains certain “forward-looking statements” within the meaning of the Private Securities LitigationReform Act of 1995, which statements involve substantial risks and uncertainties. Such forward-looking statementsrelate to, among other things, the operating performance of our investments, the stability of our earnings, ourfinancing needs and the size, attractiveness of market opportunities and the residential real estate market and generaleconomic conditions. Forward-looking statements are generally identifiable by use of forward-looking terminologysuchas“may,”“will,”“plan,”“should,”“potential,”“intend,”“expect,”“endeavor,”“seek,”“anticipate,”“estimate,” “overestimate,” “underestimate,” “believe,” “could,” “project,” “predict,” “continue” or other similarwords or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations,describe future plans and strategies, contain projections of results of operations, cash flows or financial condition orstate other forward-looking information. Our ability to predict results or the actual outcome of future plans orstrategies is inherently limited. Although we believe that the expectations reflected in such forward-lookingstatements are based on reasonable assumptions, our actual results, activities and performance could differmaterially from those set forth in the forward-looking statements. These forward-looking statements involve risks,uncertainties and other factors that may cause our actual results in future periods to differ materially from forecastedresults. Our ability to implement our business strategy is subject to numerous risks, and the following is only a summary ofthe principal risks that may materially adversely affect our business, financial condition, results of operations andcash flows. The following should be read in conjunction with the more complete discussion of risk factors we face,which are set forth under Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the fiscal yearended 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, isbased on various assumptions that could prove to be incorrect and could have a negative impact on ourfinancial results; •the risks related to our origination and servicing operations, including, but not limited to, compliance withapplicable laws, regulations and other requirements; significant increases in loan delinquencies; compliancewith the terms of related servicing agreements; financing related to servicer advances, mortgage servicingrights (“MSRs”) and our origination business; expenses related to servicing high risk loans; unrecoverableordelayed recovery of servicing advances;foreclosure rates;servicer ratings;and termination ofgovernment