NYSE$RITM

New Residential Investment Corp · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Rithm Capital reported strong Q4 2024 results with robust earnings, positive inflows, and growth across business segments.

Rithm Capital Corp. reported a GAAP net income of $263.2 million, or $0.50 per diluted common share, and earnings available for distribution of $315.8 million, or $0.60 per diluted common share for the fourth quarter ended December 31, 2024. The company also completed its first full year with Sculptor and aims to further grow its asset management business in 2025.

  • GAAP net income was $263.2 million, or $0.50 per diluted common share.
  • Earnings available for distribution reached $315.8 million, or $0.60 per diluted common share.
  • Total servicing unpaid principal balance (UPB) was $844 billion, a 32% increase year-over-year.
  • Origination funded production volume totaled $17.3 billion, up 9% quarter-over-quarter and 94% year-over-year.

Headline financials

Total Revenue

$490M

Previous: $780M-37.2%
EPS (adj)

$0.60

Previous: $0.51+17.6%
Total Servicing UPB

$844B

Previous: $590B+43.1%
Capital Expenditures

$0.00

No prior period
Net Income

$292M

Previous: -$67.2M+534.7%
Operating Income

$1.06B

Previous: -$37.3M+2931.9%

Revenue & EPS history

NRZ · Revenue · Quarterly

$490M

Q4 2024-37.2%vs Q4 2023
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

NRZ · $64.2M total across 2 segments · Q3 2022

  • Asset Management
    $42.3M
  • Corporate Category
    $21.8M-41.2%

Forward guidance

Rithm Capital did not provide specific forward guidance in the earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.9%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+2.2%

Avg return

30 days after

68%

38 / 56 earnings

Positive

+12.5%

Q1 2022

Best reaction

-11.5%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%-3.3%-8.5%
Q4 2025+6.0%-0.6%-9.4%
Q3 2025+0.3%+0.5%+5.1%
Q1 2025+1.3%+7.5%+7.0%
Q4 2024+3.7%+3.1%+2.9%
Q3 2024+3.0%+0.1%+6.8%
Q2 2024-1.7%-6.6%+3.6%
Q1 2024-0.6%+0.9%-1.2%
Q4 2023-4.2%-1.7%+3.2%
Q3 2023+2.8%+4.2%+13.7%
Q2 2023-0.4%+2.3%+3.4%
Q1 2023+1.9%+2.9%+11.5%
Q4 2022+1.8%+3.6%-11.2%
Q3 2022-1.4%+0.8%+5.9%
Q2 2022-6.2%-9.1%-16.1%
Q1 2022+12.5%+6.6%+9.4%
Q4 2021+6.1%+3.7%+1.3%
Q3 2021+0.7%-0.3%-5.6%
Q2 2021+3.1%+2.6%+13.6%
Q1 2021-2.2%-2.4%+1.7%
Q4 2020-2.9%-3.8%+7.1%
Q3 2020-11.5%-14.1%+11.2%
Q2 2020-1.1%-1.5%-1.8%
Q1 2020+0.8%+8.9%+36.3%
Q4 2019+1.7%+2.7%-7.3%
Q3 2019-0.6%-0.3%-2.7%
Q2 2019+1.2%-0.9%-9.3%
Q1 2019-0.9%-0.8%-9.3%
Q4 2018+1.7%+1.9%+0.0%
Q3 2018-1.1%+0.5%-5.0%
Q2 2018-4.4%-3.8%-1.3%
Q1 2018+3.2%+4.3%+6.8%
Q4 2017+1.1%+1.5%+2.3%
Q3 2017+2.2%+3.8%+4.5%
Q2 2017+6.9%+4.9%+2.1%
Q1 2017+1.7%+0.4%-3.5%
Q4 2016+3.0%+3.1%+2.9%
Q3 2016+0.4%+3.0%+11.2%
Q2 2016+3.4%+4.2%+4.6%
Q1 2016+5.2%
Q4 2015+4.3%
Q3 2015-2.4%
Q2 2015+0.1%
Q1 2015+1.7%
Q4 2014+1.6%
Q3 2014+0.5%
Q2 2014+5.2%
Q1 2014-2.5%
Q4 2012+0.9%
Q4 2013+1.9%
Q3 2012+5.6%
Q3 2013-7.1%
Q2 2012-0.9%
Q1 2012+1.9%
Q2 2013+1.9%
Q1 2013+1.9%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro