Rithm Capital Corp. reported a total revenue of $1.1 billion for the third quarter of 2025, marking a 10.6% increase from $999.4 million in the same period last year. The company's net income attributable to common stockholders was $193.7 million, or $0.36 per share, compared to $97.0 million, or $0.20 per share, in the prior year. For the nine months ending September 30, 2025, Rithm Capital's total revenue reached $3.3 billion, slightly down from $3.4 billion in the previous year, while net income attributable to common stockholders was $514.1 million, a decrease from $571.8 million in the same period of 2024.
The company experienced significant changes in its financial performance, particularly in servicing fee revenue, which increased to $579.3 million from $493.2 million year-over-year. However, the change in fair value of mortgage servicing rights (MSRs) and MSR financing receivables showed a loss of $264.4 million, an improvement from a loss of $367.4 million in the previous year. Interest income also decreased to $453.8 million from $550.7 million, reflecting the impact of elevated default rates on certain consumer loans.
Strategically, Rithm Capital is pursuing growth through acquisitions, including a planned acquisition of Crestline Management, L.P. for $300 million, expected to close in the fourth quarter of 2025, and a merger with Paramount Group, Inc. for approximately $1.6 billion, also anticipated to close in the same timeframe. The company has also expanded its asset management capabilities, with total assets under management reaching approximately $37.5 billion as of September 30, 2025.
Operationally, Rithm Capital serviced approximately 3.8 million customers, with an aggregate unpaid principal balance (UPB) of $822.1 billion, up from $807.3 billion in the previous quarter. The company’s origination business funded $16.4 billion in mortgages during the third quarter, reflecting a slight increase from the previous quarter. The company’s total assets increased to $47.2 billion from $46.0 billion at the end of 2024, while total liabilities rose to $38.3 billion from $38.2 billion.
Looking ahead, Rithm Capital remains focused on leveraging its investment expertise to navigate market conditions and enhance shareholder value. The company anticipates that its cash flow from operations, combined with its liquidity position, will be sufficient to meet its financial obligations and support its growth initiatives. However, the company acknowledges potential risks related to market volatility, interest rates, and regulatory changes that could impact its financial performance.
About Rithm Capital Corp.
Rithm Capital is a diversified asset manager specializing in real estate, credit, and financial services. It manages investments in mortgage origination, servicing, residential loans, SFR properties, consumer loans, and structured finance assets. Operating globally with a focus on long-term value creation, it leverages expertise in origination, asset management, and securitization to generate attractive risk-adjusted returns across its core markets.
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