Rithm Capital Corp. (RITM-PD) Financials

NYSE:RITM-PD

Market Cap

10.18B

Total Revenue

3.82B

Gross Profit

2.58B

Operating Income

1.80B

Net Income

954.52M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	313,551,000	478,429,000	338,328,000	822,755,000	1,389,205,000	1,429,563,000	1,392,675,000	-21,339,000	3,041,029,000	3,815,849,000
costOfRevenue	--	--	--	--	--	63,235,000	--	110,208,000	1,117,267,000	1,231,446,000
grossProfit	313,551,000	478,429,000	338,328,000	822,755,000	1,389,205,000	1,366,328,000	1,392,675,000	-131,547,000	1,923,762,000	2,584,403,000
researchAndDevelopmentExpenses	--	--	--	--	--	--	--	--	--	--
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	10,284,000	27,001,000	49,962,000	38,570,000	67,159,000	231,579,000	538,035,000	1,120,087,000	2,023,838,000	2,106,874,000
sellingGeneralAndAdministrativeExpenses	10,284,000	27,001,000	49,962,000	38,570,000	67,159,000	231,579,000	538,035,000	1,120,087,000	2,023,838,000	2,106,874,000
operatingExpenses	42,474,000	27,001,000	61,862,000	38,570,000	67,159,000	115,537,000	582,184,000	1,117,290,000	-2,110,577,000	875,428,000
operatingIncome	280,973,000	516,542,000	531,648,000	916,788,000	1,586,026,000	1,496,969,000	605,062,000	-1,393,442,000	930,452,000	1,800,000,000
totalOtherIncomeExpensesNet	-15,350,000	-51,486,000	-260,767,000	-295,161,000	-403,746,000	-565,869,000	42,637,000	52,674,000	33,356,000	-537,199,000
ebitda	280,973,000	516,542,000	531,648,000	916,788,000	1,586,026,000	1,496,969,000	605,062,000	-1,393,442,000	936,524,000	-90,091,000,000
depreciationAndAmortization	--	--	--	--	--	--	--	--	6,072,000	-91,891,000,000
interestIncome	87,567,000	346,857,000	645,072,000	1,076,735,000	1,519,679,000	1,664,223,000	1,766,130,000	1,102,537,000	810,896,000	1,075,981,000
interestExpense	15,024,000	140,708,000	274,013,000	373,424,000	460,865,000	606,433,000	933,751,000	584,469,000	497,308,000	791,001,000
incomeBeforeTax	265,623,000	465,056,000	270,881,000	621,627,000	1,182,280,000	931,100,000	647,699,000	-1,340,768,000	963,808,000	1,262,801,000
incomeTaxExpense	-326,000	22,957,000	-11,001,000	38,911,000	167,628,000	-73,431,000	41,766,000	16,916,000	158,226,000	279,516,000
netIncome	265,949,000	352,877,000	268,636,000	504,453,000	957,533,000	963,967,000	563,296,000	-1,357,684,000	772,226,000	954,519,000
eps	2.1	2.59	1.34	2.12	3.17	2.82	1.35	-3.27	1.56	1.84
epsdiluted	2.07	2.53	1.32	2.12	3.15	2.81	1.34	-3.27	1.51	3.25
weightedAverageShsOut	126,539,024	136,472,865	200,739,809	238,122,665	302,238,065	341,268,923	408,789,642	415,513,187	451,276,742	451,276,742
weightedAverageShsOutDil	128,684,128	139,565,709	202,907,605	238,486,772	304,381,388	343,137,361	408,990,107	415,513,187	467,665,006	467,665,006
costAndExpenses	42,474,000	27,001,000	61,862,000	38,570,000	67,159,000	115,537,000	582,184,000	1,117,290,000	-2,110,577,000	2,106,874,000
otherExpenses	241,008,000	98,895,000	55,303,000	9,229,000	83,333,000	-18,749,000	44,149,000	-2,797,000	-4,134,415,000	--

Key Facts

Industry

REIT—Mortgage

Sector

Real Estate

Headquarters

New York, NY, US

Website

rithmcap.com

CEO

Mr. Michael Nierenberg

Employees

5870

About the Company

Rithm Capital Corp. provides capital and services to the real estate and financial services sectors in the United States. Its investment portfolio comprises mortgage servicing related assets, residential securities and loans, and consumer loans. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as New Residential Investment Corp. and changed its name to Rithm Capital Corp. in August 2022. Rithm Capital Corp. was incorporated in 2011 and is headquartered in New York, New York.