
• Reported GAAP EPS of $0.12 up 71.43% YoY • Reported revenue of $1.38B up 79.63% YoY
Bullish
Rithm Capital's Newrez platform increased pre-tax operating income and Genesis Capital saw 80% YoY origination volume growth. Rithm Asset Management also significantly expanded its assets under management to $59 billion.
Bearish
Rithm Capital experienced an 18% quarter-over-quarter decrease in origination funded production volume and a decline in earnings available for distribution. The Corporate Category also reported a significant pre-tax loss.