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RITM-PA| Name | Value |
|---|---|
| Revenues | 485.3M |
| Cost of Revenue | 1,229.8M |
| Gross Profit | -744.6M |
| Operating Expense | 875.4M |
| Operating I/L | 0.0M |
| Other Income/Expense | 87.8M |
| Interest Income | 365.5M |
| Pretax | 87.8M |
| Income Tax Expense | -18.0M |
| Net Income/Loss | 104.2M |
Rithm Capital Corp. is a real estate investment trust that provides capital and services to the real estate and financial services sectors in the United States. Its investment portfolio includes mortgage servicing related assets, residential securities and loans, and consumer loans. The company generates revenue through its investments in these assets and by qualifying as a real estate investment trust for federal income tax purposes, allowing it to avoid federal corporate income taxes by distributing at least 90% of its taxable income to its stockholders.
