Rithm Acquisition Corp. Reports $2.18 Million Net Income for December 2025 Quarter

Rithm Acquisition Corp. reported a net income of $2.18 million for the three months ending December 31, 2025, a significant increase from a net loss of $46,232 during the same period in the previous year. The company attributed this positive performance primarily to interest income earned on cash held in its Trust Account, which amounted to $2.45 million. General and administrative costs for the quarter were $271,510, reflecting the company's ongoing operational expenses as it prepares for a future business combination.

The company's total assets as of December 31, 2025, were approximately $239.1 million, up from $236.9 million at the end of the previous quarter. This increase was largely driven by cash held in the Trust Account, which rose to $238.4 million from $236 million. However, Rithm Acquisition Corp. also reported a shareholders' deficit of $7.49 million, compared to a deficit of $7.22 million in the prior quarter, primarily due to the accretion of Class A ordinary shares to their redemption value.

Rithm Acquisition Corp. has not yet completed any business combinations since its inception on November 21, 2024. The company raised $230 million through its initial public offering (IPO) on February 28, 2025, which included the full exercise of an over-allotment option. Additionally, it raised $6.6 million from a private placement of units to its sponsor. The funds from the IPO and private placement are intended to be used for a future business combination, although the company has not yet identified a target.

As of the end of December 2025, Rithm Acquisition Corp. had cash of $401,091 available for operational expenses, with current liabilities totaling $101,912. The company has indicated that it may require additional funding to cover working capital deficiencies or transaction costs related to a business combination. The management has expressed concerns regarding liquidity, stating that there is substantial doubt about the company's ability to continue as a going concern for at least one year from the date of the financial statements unless it successfully completes a business combination.

Looking ahead, Rithm Acquisition Corp. plans to utilize the funds held in its Trust Account to finance a business combination, which must have an aggregate fair market value of at least 80% of the net assets held in the Trust Account. The company has not yet disclosed any specific targets for acquisition but continues to evaluate potential opportunities as it moves forward in its strategic objectives.