SUMMARY QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2023

Quarterly Financial Information Disclosure [Abstract]

SUMMARY OF QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

QUARTERLY FINANCIAL DATA (UNAUDITED)

On July 22, 2024, the Audit Committee, after consultation with management, concluded that the Affected Financial Statements need to be restated and should no longer be relied on. See Note 3.

The impacts of the restatement on the Company’s quarterly unaudited consolidated financial statements for each of the quarters within 2023 and 2022 are included as adjustments within the tables below and relate to one of the following categories:

(a) an error in accounting treatment of the Trusts that management concluded should be consolidated subject to ASC 810 - Consolidation, and its various interpretations, regarding the consolidation of certain Trusts, classified as VIEs. The related adjustments are reflected within the “Error Adjustments” column within the tables below. See Note 3 for further details.

(b) reclassifications of certain prior period amounts related to consolidated loan securitizations - mortgage loans receivable and consolidated funds to conform to the presentation of consolidated CFEs as described in (a) above. The related adjustments are reflected within the “Reclassifications” column within the tables below. Reclassifications have no impact on the Company’s net income, equity or unrestricted cash position and are only included in order to conform the presentation across the periods presented.

Accordingly, the tables below present the effect of these adjustments, including the reclassifications, on the affected line items in the Company’s Consolidated Balance Sheets, Consolidated Statements of Operations and Consolidated Statements of Cash Flows as of and for the three months ended March 31, 2023 and 2022, as of and for the three and six months ended June 30, 2023 and 2022, as of and for the three and nine months ended September 30, 2023 and 2022 and for the three months ended December 31, 2023 and 2022.

Consolidated Balance Sheet:
	March 31, 2022
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Assets
Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value(A)	$	8,305,652	$	—	$	8,305,652	$	—	$	8,305,652
Real estate and other securities	9,900,700		(258,690)		9,642,010		—		9,642,010
Residential loans, held-for-investment, at fair value	1,009,459		—		1,009,459		—		1,009,459
Residential mortgage loans, held-for-sale (includes $7,076,916 at fair value)(A)	7,202,475		—		7,202,475		—		7,202,475
Single-family rental properties	814,871		—		814,871		—		814,871
Mortgage loans receivable, at fair value	1,670,415		—		1,670,415		(295,142)		1,375,273
Residential mortgage loans subject to repurchase	1,700,426		—		1,700,426		—		1,700,426
Cash and cash equivalents(A)	1,671,177		—		1,671,177		—		1,671,177
Restricted cash(A)	295,037		—		295,037		(61,372)		233,665
Servicer advances receivable	2,652,210		—		2,652,210		—		2,652,210
Other assets (includes $792,279 at fair value)(A)	2,646,125		—		2,646,125		(57)		2,646,068
Assets of consolidated CFEs(A):
Investments, at fair value and other assets	—		2,089,575		2,089,575		356,571		2,446,146
Total Assets	$	37,868,547	$	1,830,885	$	39,699,432	$	—	$	39,699,432
Liabilities and Equity
Liabilities
Secured financing agreements(A)	$	17,281,873	$	—	$	17,281,873	—		$	17,281,873
Secured notes and bonds payable (includes $438,359 at fair value)(A)	9,279,595		—		9,279,595		(324,062)		8,955,533
Residential mortgage loan repurchase liability	1,700,426		—		1,700,426		—		1,700,426
Unsecured notes, net of issuance costs	543,728		—		543,728		—		543,728
Due to affiliates	9,932		—		9,932		—		9,932
Dividends payable	127,895		—		127,895		—		127,895
Accrued expenses and other liabilities (includes $87,149 at fair value)(A)	1,740,386		—		1,740,386		(42)		1,740,344
Liabilities of consolidated CFEs(A):
Notes payable, at fair value and other liabilities	—		1,830,885		1,830,885		324,104		2,154,989
Total Liabilities	30,683,835		1,830,885		32,514,720		$	—	32,514,720
Commitments and Contingencies
Equity
Preferred stock, $10.00 par value, 100,000,000 shares authorized, 52,038,000 issued and outstanding, $1,300,959 aggregate liquidation preference	1,258,667		—		1,258,667		—		1,258,667
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 466,786,526 issued and outstanding	4,669		—		4,669		—		4,669
Additional paid-in capital	6,059,981		—		6,059,981		—		6,059,981
Retained earnings (accumulated deficit)	(267,878)		—		(267,878)		—		(267,878)
Accumulated other comprehensive income	67,195		—		67,195		—		67,195
Total Rithm Capital stockholders’ equity	7,122,634		—		7,122,634		—		7,122,634
Noncontrolling interests in equity of consolidated subsidiaries	62,078		—		62,078		—		62,078
Total Equity	7,184,712		—		7,184,712		—		7,184,712
Total Liabilities and Equity	$	37,868,547	$	1,830,885	$	39,699,432	$	—	$	39,699,432

(A)The Company's Consolidated Balance Sheets include assets and liabilities of consolidated VIEs and certain other consolidated VIEs classified as CFEs that are presented separately and measured under the CFE election. VIE assets can only be used to settle obligations and liabilities of the VIEs.VIE creditors do not have recourse to Rithm Capital Corp.

Consolidated Statement of Operations:
	Three Months Ended March 31, 2022
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables	$	456,400	$	(136)	$	456,264	$	—	$	456,264
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(200,325))	575,393		—		575,393		—		575,393
Servicing revenue, net	1,031,793		(136)		1,031,657		—		1,031,657
Interest income	225,413		(2,615)		222,798		(57)		222,741
Gain on originated residential mortgage loans, held-for-sale, net	471,996		(10,088)		461,908		—		461,908
	1,729,202		(12,839)		1,716,363		(57)		1,716,306
Expenses
Interest expense and warehouse line fees	138,833		—		138,833		(42)		138,791
General and administrative	246,238		426		246,664		—		246,664
Compensation and benefits	392,619		—		392,619		—		392,619
Management fee to affiliate	25,189		—		25,189		—		25,189
	802,879		426		803,305		(42)		803,263
Other Income (Loss)
Realized and unrealized gains (losses), net	(85,935)		13,265		(72,670)		15		(72,655)
Other income (loss), net	52,332		—		52,332		—		52,332
	(33,603)		13,265		(20,338)		15		(20,323)
Income (loss) before income taxes	892,720		—		892,720		—		892,720
Income tax expense (benefit)	202,789		—		202,789		—		202,789
Net Income (loss)	$	689,931	$	—	$	689,931	$	—	$	689,931
Noncontrolling interests in income (loss) of consolidated subsidiaries	5,609		—		5,609		—		5,609
Dividends on preferred stock	22,461		—		22,461		—		22,461
Net income (loss) attributable to common stockholders	$	661,861	$	—	$	661,861	$	—	$	661,861
Net Income (loss) per share of common stock
Basic	$	1.42	$	—	$	1.42	$	—	$	1.42
Diluted	$	1.37	$	—	$	1.37	$	—	$	1.37
Weighted average number of shares of common stock outstanding
Basic	466,785,584		—		466,785,584		—		466,785,584
Diluted	484,425,066		—		484,425,066		—		484,425,066
Dividends declared per share of common stock	$	0.25	$	—	$	0.25	$	—	$	0.25

Consolidated Statement of Cash Flows:
	Three Months Ended March 31, 2022
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Cash Flows From Operating Activities
Net income (loss)	$	689,931	$	—	$	689,931	$	—	$	689,931
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Change in fair value of investments, net	147,119		(994)		146,125		—		146,125
Change in fair value of equity investments	(256)		—		(256)		—		(256)
Change in fair value of secured notes and bonds payable	(7,194)		—		(7,194)		—		(7,194)
(Gain) loss on settlement of investments, net	(61,184)		—		(61,184)		—		(61,184)
(Gain) loss on sale of originated residential mortgage loans, held-for-sale, net	(471,996)		10,088		(461,908)		—		(461,908)
(Gain) loss on transfer of loans to REO	(2,944)		—		(2,944)		—		(2,944)
Accretion and other amortization	(15,095)		1,744		(13,351)		—		(13,351)
Provision (reversal) for credit losses on securities, loans and REO	3,740		—		3,740		—		3,740
Non-cash portions of servicing revenue, net	(645,018)		—		(645,018)		—		(645,018)
Deferred tax provision	201,354		—		201,354		—		201,354
Mortgage loans originated and purchased for sale, net of fees	(29,446,744)		—		(29,446,744)		—		(29,446,744)
Sales proceeds and loan repayment proceeds for residential mortgage loans, held-for-sale	33,244,922		(836,156)		32,408,766		—		32,408,766
Residential mortgage loan repayment proceeds of consolidated entities	—		154,840		154,840		—		154,840
Interest received from servicer advance investments, loans and other	41,721		—		41,721		—		41,721
Changes in:
Servicer advances receivable, net	202,938		—		202,938		—		202,938
Other assets	(268,772)		—		(268,772)		—		(268,772)
Due to affiliates	(7,887)		—		(7,887)		—		(7,887)
Accrued expenses and other liabilities	285,517		—		285,517		—		285,517
Net cash provided by (used in) operating activities	3,890,152		(670,478)		3,219,674		—		3,219,674
Cash Flows From Investing Activities
Purchase of servicer advance investments	(257,807)		—		(257,807)		—		(257,807)
Purchase of RMBS	(1,006,483)		—		(1,006,483)		—		(1,006,483)
Purchase of residential mortgage loans	(7,182)		—		(7,182)		—		(7,182)
Purchase of SFR properties, MSRs and other assets	(239,347)		—		(239,347)		—		(239,347)
Draws on revolving consumer loans	(7,163)		—		(7,163)		—		(7,163)
Net settlement of derivatives and hedges	65,436		—		65,436		—		65,436
Return of investments in Excess MSRs	2,680		—		2,680		—		2,680
Principal repayments from servicer advance investments	290,128		—		290,128		—		290,128
Principal repayments from RMBS	355,028		(18,648)		336,380		—		336,380
Principal repayments from residential mortgage loans	24,121		—		24,121		—		24,121
Principal repayments from consumer loans	39,935		—		39,935		—		39,935
Proceeds from sale of MSRs and MSR financing receivables	454		—		454		—		454
Proceeds from sale of REO	3,832		—		3,832		—		3,832
Purchase of MSRs, MSR financing receivables and servicer advances receivable	(655)		—		(655)		—		(655)
Principal repayments from MSRs and MSR financing receivables	703		—		703		—		703
Net cash provided by (used in) investing activities	(736,320)		(18,648)		(754,968)		—		(754,968)

Consolidated Statement of Cash Flows:
	Three Months Ended March 31, 2022
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Cash Flows From Financing Activities
Repayments of secured financing agreements	(9,638,525)		—		(9,638,525)		—		(9,638,525)
Repayments of warehouse credit facilities	(33,378,329)		—		(33,378,329)		—		(33,378,329)
Net settlement of margin deposits under repurchase agreements and derivatives	137,418		—		137,418		—		137,418
Repayments of secured notes and bonds payable	(1,047,972)		—		(1,047,972)		—		(1,047,972)
Deferred financing fees	(4,472)		—		(4,472)		—		(4,472)
Dividends paid on common and preferred stock	(139,185)		—		(139,185)		—		(139,185)
Borrowings under secured financing agreements	10,081,997		—		10,081,997		—		10,081,997
Borrowings under warehouse credit facilities	29,622,712		—		29,622,712		—		29,622,712
Borrowings under secured notes and bonds payable	1,675,265		—		1,675,265		(324,062)		1,351,203
Repurchase of common and preferred stock	(3,814)		—		(3,814)		—		(3,814)
Noncontrolling interest in equity of consolidated subsidiaries - distributions	(8,879)		—		(8,879)		—		(8,879)
Payment of contingent consideration	(12,276)		—		(12,276)		—		(12,276)
Proceeds from issuance of debt obligations of consolidated CFEs	—		836,156		836,156		324,062		1,160,218
Repayments of debt obligations of consolidated CFEs	—		(150,961)		(150,961)		—		(150,961)
Net cash provided by (used in) financing activities	(2,716,060)		685,195		(2,030,865)		—		(2,030,865)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	437,772		(3,931)		433,841		—		433,841
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period	1,528,442		33,167		1,561,609		—		1,561,609
Cash, Cash Equivalents, and Restricted Cash, End of Period	$	1,966,214	$	29,236	$	1,995,450	$	—	$	1,995,450
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	132,817		17,304		150,121		—		150,121
Cash paid during the period for income taxes	36		—		36		—		36
Supplemental Schedule of Non-Cash Investing and Financing Activities
Dividends declared but not paid on common and preferred stock	139,158		—		139,158		—		139,158
Transfer from residential mortgage loans to REO and other assets	(2,034)		—		(2,034)		—		(2,034)
Real estate securities retained from loan securitizations	113,695		(113,695)		—		—		—
Residential mortgage loans subject to repurchase	1,700,426		—		1,700,426		—		1,700,426

Consolidated Balance Sheet:
	June 30, 2022
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Assets
Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value(A)	$	8,963,459	$	—	$	8,963,459	$	—	$	8,963,459
Real estate and other securities	8,368,703		(260,862)		8,107,841		—		8,107,841
Residential loans, held-for-investment, at fair value	934,479		—		934,479		—		934,479
Residential mortgage loans, held-for-sale (includes $5,293,936 at fair value)(A)	5,410,989		—		5,410,989		—		5,410,989
Single-family rental properties	927,227		—		927,227		—		927,227
Mortgage loans receivable, at fair value	1,756,079		—		1,756,079		(352,867)		1,403,212
Residential mortgage loans subject to repurchase	1,758,509		—		1,758,509		—		1,758,509
Cash and cash equivalents(A)	1,510,848		—		1,510,848		—		1,510,848
Restricted cash(A)	433,960		—		433,960		(4,771)		429,189
Servicer advances receivable	2,560,696		—		2,560,696		—		2,560,696
Other assets (includes $441,065 at fair value)(A)	1,928,898		—		1,928,898		(405)		1,928,493
Assets of consolidated CFEs(A):
Investments, at fair value and other assets	—		2,157,204		2,157,204		358,043		2,515,247
Total Assets	$	34,553,847	$	1,896,342	$	36,450,189	$	—	$	36,450,189
Liabilities and Equity
Liabilities
Secured financing agreements(A)	$	13,967,234	$	—	$	13,967,234	$	—	$	13,967,234
Secured notes and bonds payable (includes $380,662 at fair value)(A)	9,322,026		—		9,322,026		(317,414)		9,004,612
Residential mortgage loan repurchase liability	1,758,509		—		1,758,509		—		1,758,509
Unsecured notes, net of issuance costs	544,167		—		544,167		—		544,167
Dividends payable	127,913		—		127,913		—		127,913
Accrued expenses and other liabilities (includes $57,224 at fair value)(A)	1,771,000		—		1,771,000		(309)		1,770,691
Liabilities of consolidated CFEs(A):			—
Notes payable, at fair value and other liabilities	—		1,896,342		1,896,342		317,723		2,214,065
Total Liabilities	27,490,849		1,896,342		29,387,191		—		29,387,191
Equity
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 52,038,000 issued and outstanding, $1,300,959 aggregate liquidation preference	1,258,667		—		1,258,667		—		1,258,667
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 466,856,753 issued and outstanding	4,670		—		4,670		—		4,670
Additional paid-in capital	6,060,740		—		6,060,740		—		6,060,740
Retained earnings (accumulated deficit)	(387,870)		—		(387,870)		—		(387,870)
Accumulated other comprehensive income	57,620		—		57,620		—		57,620
Total Rithm Capital stockholders’ equity	6,993,827		—		6,993,827		—		6,993,827
Noncontrolling interests in equity of consolidated subsidiaries	69,171		—		69,171		—		69,171
Total Equity	7,062,998		—		7,062,998		—		7,062,998
Total Liabilities and Equity	$	34,553,847	$	1,896,342	$	36,450,189	$	—	$	36,450,189

(A)The Company's Consolidated Balance Sheets include assets and liabilities of consolidated VIEs and certain other consolidated VIEs classified as CFEs that are presented separately and measured under the CFE election. VIE assets can only be used to settle obligations and liabilities of the VIEs. VIE creditors do not have recourse to Rithm Capital Corp.

Consolidated Statement of Operations:
	Three Months Ended June 30, 2022
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables	$	469,478	$	(136)	$	469,342	$	—	$	469,342
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(180,265))	334,690		—		334,690		—		334,690
Servicing revenue, net	804,168		(136)		804,032		—		804,032
Interest income	211,648		(3,480)		208,168		(6,145)		202,023
Gain on originated residential mortgage loans, held-for-sale, net	304,791		6,779		311,570		—		311,570
	1,320,607		3,163		1,323,770		(6,145)		1,317,625
Expenses
Interest expense and warehouse line fees	150,829		—		150,829		(4,139)		146,690
General and administrative	225,271		487		225,758		—		225,758
Compensation and benefits	339,658		—		339,658		—		339,658
Management fee to affiliate	20,985		—		20,985		—		20,985
Termination fee to affiliate	400,000		—		400,000		—		400,000
	1,136,743		487		1,137,230		(4,139)		1,133,091
Other Income (Loss)
Realized and unrealized gains (losses), net	(137,231)		(2,676)		(139,907)		2,006		(137,901)
Other income (loss), net	59,388		—		59,388		—		59,388
	(77,843)		(2,676)		(80,519)		2,006		(78,513)
Income (loss) before income taxes	106,021		—		106,021		—		106,021
Income tax expense (benefit)	72,690		—		72,690		—		72,690
Net Income (loss)	$	33,331	$	—	$	33,331	$	—	$	33,331
Noncontrolling interests in income (loss) of consolidated subsidiaries	14,182		—		14,182		—		14,182
Dividends on preferred stock	22,427		—		22,427		—		22,427
Net income (loss) attributable to common stockholders	$	(3,278)	$	—	$	(3,278)	$	—	$	(3,278)
Net Income (loss) per share of common stock
Basic	$	(0.01)	$	—	$	(0.01)	$	—	$	(0.01)
Diluted	$	(0.01)	$	—	$	(0.01)	$	—	$	(0.01)
Weighted average number of shares of common stock outstanding
Basic	466,804,548		—		466,804,548		—		466,804,548
Diluted	466,804,548		—		466,804,548		—		466,804,548
Dividends declared per share of common stock	$	0.25	$	—	$	0.25	$	—	$	0.25

Consolidated Statement of Operations:
	Six Months Ended June 30, 2022
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables	$	925,878	$	(272)	$	925,606	$	—	$	925,606
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(380,590))	909,454		—		909,454		—		909,454
Servicing revenue, net	1,835,332		(272)		1,835,060		—		1,835,060
Interest income	437,061		(6,095)		430,966		(6,202)		424,764
Gain on originated residential mortgage loans, held-for-sale, net	776,787		(3,309)		773,478		—		773,478
	3,049,180		(9,676)		3,039,504		(6,202)		3,033,302
Expenses
Interest expense and warehouse line fees	289,662		—		289,662		(4,181)		285,481
General and administrative	471,509		913		472,422		—		472,422
Compensation and benefits	732,277		—		732,277		—		732,277
Management fee to affiliate	46,174		—		46,174		—		46,174
Termination fee to affiliate	400,000		—		400,000		—		400,000
	1,939,622		913		1,940,535		(4,181)		1,936,354
Other Income (Loss)
Realized and unrealized gains (losses), net	(222,537)		10,589		(211,948)		2,021		(209,927)
Other income (loss), net	111,720		—		111,720		—		111,720
	(110,817)		10,589		(100,228)		2,021		(98,207)
Income (loss) before income taxes	998,741		—		998,741		—		998,741
Income tax expense (benefit)	275,479		—		275,479		—		275,479
Net Income (loss)	$	723,262	$	—	$	723,262	$	—	$	723,262
Noncontrolling interests in income (loss) of consolidated subsidiaries	19,791		—		19,791		—		19,791
Dividends on preferred stock	44,888		—		44,888		—		44,888
Net income (loss) attributable to common stockholders	$	658,583	$	—	$	658,583	$	—	$	658,583
Net Income (loss) per share of common stock
Basic	$	1.41	$	—	$	1.41	$	—	$	1.41
Diluted	$	1.36	$	—	$	1.36	$	—	$	1.36
Weighted average number of shares of common stock outstanding
Basic	466,795,119		—		466,795,119		—		466,795,119
Diluted	484,494,108		—		484,494,108		—		484,494,108
Dividends declared per share of common stock	$	0.50	$	—	$	0.50	$	—	$	0.50

Consolidated Statement of Cash Flows:
	Six Months Ended June 30, 2022
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Cash Flows From Operating Activities
Net income (loss)	$	723,262	$	—	$	723,262	$	—	$	723,262
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Change in fair value of investments, net	381,159		15,002		396,161		—		396,161
Change in fair value of equity investments	9,111		—		9,111		—		9,111
Change in fair value of secured notes and bonds payable	(35,151)		—		(35,151)		—		(35,151)
(Gain) loss on settlement of investments, net	(156,120)		—		(156,120)		—		(156,120)
(Gain) loss on sale of originated residential mortgage loans, held-for-sale, net	(776,787)		3,309		(773,478)		—		(773,478)
(Gain) loss on transfer of loans to real estate owned ("REO")	(4,039)		—		(4,039)		—		(4,039)
Accretion and other amortization	(34,731)		4,444		(30,287)		—		(30,287)
Provision (reversal) for credit losses on securities, loans and REO	7,528		—		7,528		—		7,528
Non-cash portions of servicing revenue, net	(981,581)		—		(981,581)		—		(981,581)
Deferred tax provision	275,458		—		275,458		—		275,458
Mortgage loans originated and purchased for sale, net of fees	(50,321,003)		—		(50,321,003)		27,061		(50,293,942)
Sales proceeds and loan repayment proceeds for residential mortgage loans, held-for-sale	55,755,342		(1,142,476)		54,612,866		(79,480)		54,533,386
Loan originations and draws of consolidated CFEs	—		—		—		(27,061)		(27,061)
Residential mortgage loan repayment proceeds of consolidated CFEs	—		294,364		294,364		—		294,364
Mortgage loans receivable repayment proceeds of consolidated CFEs	—		—		—		79,480		79,480
Interest received from servicer advance investments, loans and other	31,394		—		31,394		—		31,394
Changes in:
Servicer advances receivable, net	294,452		—		294,452		—		294,452
Other assets	72,498		—		72,498		—		72,498
Due to affiliates	(17,819)		—		(17,819)		—		(17,819)
Accrued expenses and other liabilities	132,325		—		132,325		—		132,325
Net cash provided by (used in) operating activities	5,355,298		(825,357)		4,529,941		—		4,529,941

Consolidated Statement of Cash Flows (continued):
	Six Months Ended June 30, 2022
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Cash Flows From Investing Activities
Purchase of servicer advance investments	(500,000)		—		(500,000)		—		(500,000)
Purchase of RMBS	(1,052,724)		—		(1,052,724)		—		(1,052,724)
Purchase of residential mortgage loans	(7,182)		—		(7,182)		—		(7,182)
Purchase of SFR properties, MSRs and other assets	(355,002)		—		(355,002)		—		(355,002)
Draws on revolving consumer loans	(14,350)		—		(14,350)		—		(14,350)
Net settlement of derivatives and hedges	279,306		—		279,306		—		279,306
Return of investments in Excess MSRs	7,873		—		7,873		—		7,873
Principal repayments from servicer advance investments	541,868		—		541,868		—		541,868
Principal repayments from RMBS	687,624		(38,330)		649,294		—		649,294
Principal repayments from residential mortgage loans	49,806		—		49,806		—		49,806
Principal repayments from consumer loans	79,298		—		79,298		—		79,298
Proceeds from sale of MSRs and MSR financing receivables	2,105		—		2,105		—		2,105
Proceeds from sale of RMBS	738,887		—		738,887		—		738,887
Proceeds from sale of REO	7,210		—		7,210		—		7,210
Principal repayments from MSRs and MSR financing receivables	1,216		—		1,216		—		1,216
Purchase of MSRs, MSR financing receivables and servicer advances receivable	(603)		—		(603)		—		(603)
Net cash provided by (used in) investing activities	465,332		(38,330)		427,002		—		427,002
Cash Flows From Financing Activities
Repayments of secured financing agreements	(23,318,214)		—		(23,318,214)		—		(23,318,214)
Repayments of warehouse credit facilities	(56,240,720)		—		(56,240,720)		—		(56,240,720)
Net settlement of margin deposits under repurchase agreements and derivatives	812,477		—		812,477		—		812,477
Repayments of secured notes and bonds payable	(2,220,042)		—		(2,220,042)		—		(2,220,042)
Deferred financing fees	(1,398)		—		(1,398)		—		(1,398)
Dividends paid on common and preferred stock	(278,293)		—		(278,293)		—		(278,293)
Borrowings under secured financing agreements	21,936,667		—		21,936,667		—		21,936,667
Borrowings under warehouse credit facilities	50,995,092		—		50,995,092		—		50,995,092
Borrowings under secured notes and bonds payable	2,929,949		—		2,929,949		(324,062)		2,605,887
Repurchase of common and preferred stock	(3,814)		—		(3,814)		—		(3,814)
Noncontrolling interest in equity of consolidated subsidiaries - distributions	(15,968)		—		(15,968)		—		(15,968)
Proceeds from issuance of debt obligations of consolidated CFEs	—		1,142,476		1,142,476		324,062		1,466,538
Repayments of debt obligations of consolidated CFEs	—		(297,527)		(297,527)		—		(297,527)
Net cash provided by (used in) financing activities	(5,404,264)		844,949		(4,559,315)		—		(4,559,315)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	416,366		(18,738)		397,628		—		397,628
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period	1,528,442		33,167		1,561,609		—		1,561,609
Cash, Cash Equivalents, and Restricted Cash, End of Period	$	1,944,808	$	14,429	$	1,959,237	$	—	$	1,959,237
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	280,007		38,431		318,438		—		318,438
Cash paid during the period for income taxes	1,636		—		1,636		—		1,636
Supplemental Schedule of Non-Cash Investing and Financing Activities
Dividends declared but not paid on common and preferred stock	139,141		—		139,141		—		139,141
Transfer from residential mortgage loans to REO and other assets	4,890		—		4,890		—		4,890
Real estate securities retained from loan securitizations	100,324		(100,324)		—		—		—
Residential mortgage loans subject to repurchase	1,758,509		—		1,758,509		—		1,758,509

Consolidated Balance Sheet:
	September 30, 2022
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Assets
Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value(A)	$	9,217,242	$	—	$	9,217,242	$	—	$	9,217,242
Real estate and other securities	9,808,426		(291,250)		9,517,176		—		9,517,176
Residential loans, held-for-investment, at fair value	864,534		—		864,534		—		864,534
Residential mortgage loans, held-for-sale (includes $3,933,392 at fair value)(A)	4,037,411		—		4,037,411		—		4,037,411
Single-family rental properties	959,448		—		959,448		—		959,448
Mortgage loans receivable, at fair value	1,919,913		—		1,919,913		(349,911)		1,570,002
Residential mortgage loans subject to repurchase	1,897,142		—		1,897,142		—		1,897,142
Cash and cash equivalents(A)	1,420,010		—		1,420,010		—		1,420,010
Restricted cash(A)	529,565		—		529,565		(8,333)		521,232
Servicer advances receivable	2,522,246		—		2,522,246		—		2,522,246
Other assets (includes $580,341 at fair value)(A)	2,158,598		—		2,158,598		(531)		2,158,067
Assets of consolidated CFEs(A):
Investments, at fair value and other assets	—		2,238,906		2,238,906		358,775		2,597,681
Total Assets	$	35,334,535	$	1,947,656	$	37,282,191	$	—	$	37,282,191
Liabilities and Equity
Liabilities
Secured financing agreements(A)	$	13,655,247	$	—	13,655,247		$	—	$	13,655,247
Secured notes and bonds payable (includes $341,287 at fair value)(A)	9,653,664		—		9,653,664		(311,917)		9,341,747
Residential mortgage loan repurchase liability	1,897,142		—		1,897,142		—		1,897,142
Unsecured notes, net of issuance costs	544,612		—		544,612		—		544,612
Payable for investments purchased	498,933		—		498,933		—		498,933
Dividends payable	129,632		—		129,632		—		129,632
Accrued expenses and other liabilities (includes $67,314 at fair value)(A)	1,893,679		—		1,893,679		(427)		1,893,252
Liabilities of consolidated CFEs(A):
Notes payable, at fair value and other liabilities	—		1,947,656		1,947,656		312,344		2,260,000
Total Liabilities	28,272,909		1,947,656		30,220,565		—		30,220,565
Equity
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 52,038,000 issued and outstanding, $1,300,959 aggregate liquidation preference	1,258,667		—		1,258,667		—		1,258,667
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 473,715,100 issued and outstanding	4,739		—		4,739		—		4,739
Additional paid-in capital	6,060,671		—		6,060,671		—		6,060,671
Retained earnings (accumulated deficit)	(381,843)		—		(381,843)		—		(381,843)
Accumulated other comprehensive income	48,337		—		48,337		—		48,337
Total Rithm Capital stockholders’ equity	6,990,571		—		6,990,571		—		6,990,571
Noncontrolling interests in equity of consolidated subsidiaries	71,055		—		71,055		—		71,055
Total Equity	7,061,626		—		7,061,626		—		7,061,626
Total Liabilities and Equity	$	35,334,535	$	1,947,656	$	37,282,191	$	—	$	37,282,191

(A)The Company's Consolidated Balance Sheets include assets and liabilities of consolidated VIEs and certain other consolidated VIEs classified as CFEs that are presented separately and measured under the CFE election. VIE assets can only be used to settle obligations and liabilities of the VIEs. VIE creditors do not have recourse to Rithm Capital Corp.

Consolidated Statement of Operations:
	Three Months Ended September 30, 2022
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables	$	453,163	$	(173)	$	452,990	$	—	$	452,990
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(141,616))	(19,174)		—		(19,174)		—		(19,174)
Servicing revenue, net	433,989		(173)		433,816		—		433,816
Interest income	273,379		(4,553)		268,826		(6,924)		261,902
Gain on originated residential mortgage loans, held-for-sale, net	203,479		4,407		207,886		—		207,886
	910,847		(319)		910,528		(6,924)		903,604
Expenses
Interest expense and warehouse line fees	218,089		—		218,089		(4,546)		213,543
General and administrative	214,624		451		215,075		—		215,075
Compensation and benefits	290,984		—		290,984		—		290,984
Management fee to affiliate	—		—		—		—		—
Termination fee to affiliate	—		—		—		—		—
	723,697		451		724,148		(4,546)		719,602
Other Income (Loss)
Realized and unrealized gains (losses), net	(34,118)		770		(33,348)		2,378		(30,970)
Other income (loss), net	23,242		—		23,242		—		23,242
	(10,876)		770		(10,106)		2,378		(7,728)
Income (loss) before income taxes	176,274		—		176,274		—		176,274
Income tax expense (benefit)	22,084		—		22,084		—		22,084
Net Income (loss)	$	154,190	$	—	$	154,190	$	—	$	154,190
Noncontrolling interests in income (loss) of consolidated subsidiaries	7,307		—		7,307		—		7,307
Dividends on preferred stock	22,427		—		22,427		—		22,427
Net income (loss) attributable to common stockholders	$	124,456	$	—	$	124,456	$	—	$	124,456
Net Income (loss) per share of common stock
Basic	$	0.27	$	—	$	0.27	$	—	$	0.27
Diluted	$	0.26	$	—	$	0.26	$	—	$	0.26
Weighted average number of shares of common stock outstanding
Basic	467,974,962		—		467,974,962		—		467,974,962
Diluted	476,796,757		—		476,796,757		—		476,796,757
Dividends declared per share of common stock	$	0.25	$	—	$	0.25	$	—	$	0.25

Consolidated Statement of Operations:
	Nine Months Ended September 30, 2022
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables	$	1,379,041	$	(445)	$	1,378,596	$	—	$	1,378,596
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(522,206))	890,281		—		890,281		—		890,281
Servicing revenue, net	2,269,322		(445)		2,268,877		—		2,268,877
Interest income	710,440		(10,648)		699,792		(13,126)		686,666
Gain on originated residential mortgage loans, held-for-sale, net	980,266		1,098		981,364		—		981,364
	3,960,028		(9,995)		3,950,033		(13,126)		3,936,907
Expenses
Interest expense and warehouse line fees	507,751		—		507,751		(8,727)		499,024
General and administrative	686,133		1,364		687,497		—		687,497
Compensation and benefits	1,023,261		—		1,023,261		—		1,023,261
Management fee to affiliate	46,174		—		46,174		—		46,174
Termination fee to affiliate	400,000		—		400,000		—		400,000
	2,663,319		1,364		2,664,683		(8,727)		2,655,956
Other Income (Loss)
Realized and unrealized gains (losses), net	(256,656)		11,359		(245,297)		4,399		(240,898)
Other income (loss), net	134,962		—		134,962		—		134,962
	(121,694)		11,359		(110,335)		4,399		(105,936)
Income (loss) before income taxes	1,175,015		—		1,175,015		—		1,175,015
Income tax expense (benefit)	297,563		—		297,563		—		297,563
Net Income (loss)	$	877,452	$	—	$	877,452	$	—	$	877,452
Noncontrolling interests in income (loss) of consolidated subsidiaries	27,098		—		27,098		—		27,098
Dividends on preferred stock	67,315		—		67,315		—		67,315
Net income (loss) attributable to common stockholders	$	783,039	$	—	$	783,039	$	—	$	783,039
Net Income (loss) per share of common stock
Basic	$	1.68	$	—	$	1.68	$	—	$	1.68
Diluted	$	1.62	$	—	$	1.62	$	—	$	1.62
Weighted average number of shares of common stock outstanding
Basic	467,192,721		—		467,192,721		—		467,192,721
Diluted	481,900,129		—		481,900,129		—		481,900,129
Dividends declared per share of common stock	$	0.75	$	—	$	0.75	$	—	$	0.75

Consolidated Statement of Cash Flows:
	Nine Months Ended September 30, 2022
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Cash Flows From Operating Activities
Net income (loss)	$	877,452	$	—	$	877,452	$	—	$	877,452
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Change in fair value of investments, net	(587,181)		26,689		(560,492)		—		(560,492)
Change in fair value of equity investments	8,535		—		8,535		—		8,535
Change in fair value of secured notes and bonds payable	(50,279)		—		(50,279)		—		(50,279)
(Gain) loss on settlement of investments, net	843,837		—		843,837		—		843,837
(Gain) loss on sale of originated residential mortgage loans, held-for-sale, net	(980,266)		(1,098)		(981,364)		—		(981,364)
(Gain) loss on transfer of loans to REO	(6,263)		—		(6,263)		—		(6,263)
Accretion and other amortization	(45,230)		7,596		(37,634)		—		(37,634)
Provision (reversal) for credit losses on securities, loans and REO	14,272		—		14,272		—		14,272
Non-cash portions of servicing revenue, net	(890,281)		—		(890,281)		—		(890,281)
Deferred tax provision	297,517		—		297,517		—		297,517
Mortgage loans originated and purchased for sale, net of fees	(65,446,856)		—		(65,446,856)		49,024		(65,397,832)
Sales proceeds and loan repayment proceeds for residential mortgage loans, held-for-sale	72,072,003		(1,376,748)		70,695,255		(124,918)		70,570,337
Mortgage loan receivable originations and draws	—		—		—		(49,024)		(49,024)
Residential mortgage loan repayment proceeds of consolidated entities	—		372,950		372,950		—		372,950
Mortgage loans receivable repayment proceeds of consolidated entities	—		—		—		124,918		124,918
Interest received from servicer advance investments, loans and other	46,797		—		46,797		—		46,797
Changes in:
Servicer advances receivable, net	332,902		—		332,902		—		332,902
Other assets	(54,485)		—		(54,485)		—		(54,485)
Due to affiliates	(17,819)		—		(17,819)		—		(17,819)
Accrued expenses and other liabilities	317,256		—		317,256		—		317,256
Net cash provided by (used in) operating activities	6,731,911		(970,611)		5,761,300		—		5,761,300
Cash Flows From Investing Activities
Purchase of servicer advance investments	(744,671)		—		(744,671)		—		(744,671)
Purchase of MSRs, MSR financing receivables and servicer advances receivable	(1,259)		—		(1,259)		—		(1,259)
Purchase of RMBS	(9,597,580)		—		(9,597,580)		—		(9,597,580)
Purchase of residential mortgage loans	(7,182)		—		(7,182)		—		(7,182)
Purchase of SFR properties, MSRs and other assets	(396,981)		—		(396,981)		—		(396,981)
Draws on revolving consumer loans	(22,070)		—		(22,070)		—		(22,070)
Net settlement of derivatives and hedges	282,827		—		282,827		—		282,827
Return of investments in Excess MSRs	12,264		—		12,264		—		12,264
Principal repayments from servicer advance investments	791,653		—		791,653		—		791,653
Principal repayments from RMBS	915,913		(52,720)		863,193		—		863,193
Principal repayments from residential mortgage loans	69,020		—		69,020		—		69,020
Principal repayments from consumer loans	112,228		—		112,228		—		112,228
Proceeds from sale of MSRs and MSR financing receivables	3,975		—		3,975		—		3,975
Proceeds from sale of RMBS	7,716,127		—		7,716,127		—		7,716,127
Proceeds from sale of REO	9,652		—		9,652		—		9,652
Principal repayments from MSRs and MSR financing receivables	1,509		—		1,509		—		1,509
Net cash provided by (used in) investing activities	(854,575)		(52,720)		(907,295)		—		(907,295)

Consolidated Statement of Cash Flows (continued):
	Nine Months Ended September 30, 2022
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Cash Flows From Financing Activities
Repayments of secured financing agreements	(39,920,856)		—		(39,920,856)		—		(39,920,856)
Repayments of warehouse credit facilities	(73,028,747)		—		(73,028,747)		—		(73,028,747)
Net settlement of margin deposits under repurchase agreements and derivatives	1,007,970		—		1,007,970		—		1,007,970
Repayments of secured notes and bonds payable	(3,174,439)		—		(3,174,439)		—		(3,174,439)
Deferred financing fees	(8,992)		—		(8,992)		—		(8,992)
Dividends paid on common and preferred stock	(417,445)		—		(417,445)		—		(417,445)
Borrowings under secured financing agreements	39,713,905		—		39,713,905		—		39,713,905
Borrowings under warehouse credit facilities	66,296,292		—		66,296,292		—		66,296,292
Borrowings under secured notes and bonds payable	4,101,314		—		4,101,314		(324,062)		3,777,252
Repurchase of common and preferred stock	(3,814)		—		(3,814)		—		(3,814)
Noncontrolling interest in equity of consolidated subsidiaries - distributions	(21,391)		—		(21,391)		—		(21,391)
Proceeds from issuance of debt obligations of consolidated CFEs	—		1,376,748		1,376,748		324,062		1,700,810
Repayments of debt obligations of consolidated CFEs	—		(374,170)		(374,170)		—		(374,170)
Net cash provided by (used in) financing activities	(5,456,203)		1,002,578		(4,453,625)		—		(4,453,625)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	421,133		(20,753)		400,380		—		400,380
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period	1,528,442		33,167		1,561,609		—		1,561,609
Cash, Cash Equivalents, and Restricted Cash, End of Period	$	1,949,575	$	12,414	$	1,961,989	$	—	$	1,961,989
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	468,991		62,912		531,903		—		531,903
Cash paid during the period for income taxes	1,757		—		1,757		—		1,757
Supplemental Schedule of Non-Cash Investing and Financing Activities
Dividends declared but not paid on common and preferred stock	140,856		—		140,856		—		140,856
Transfer from residential mortgage loans to REO and other assets	10,762		—		10,762		—		10,762
Real estate securities retained from loan securitizations	167,246		(167,246)		—		—		—
Residential mortgage loans subject to repurchase	1,897,142		—		1,897,142		—		1,897,142
Purchase of Agency RMBS, settled after quarter-end	498,933		—		498,933		—		498,933

Consolidated Statement of Operations:
	Three Months Ended December 31, 2022
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables	$	452,923	$	(165)	$	452,758	$	—	$	452,758
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(108,914))	(162,028)		—		(162,028)		—		(162,028)
Servicing revenue, net	290,895		(165)		290,730		—		290,730
Interest income	365,541		(5,709)		359,832		(8,038)		351,794
Gain on originated residential mortgage loans, held-for-sale, net	105,966		5,419		111,385		—		111,385
	762,402		(455)		761,947		(8,038)		753,909
Expenses
Interest expense and warehouse line fees	283,250		—		283,250		(4,481)		278,769
General and administrative	189,295		351		189,646		—		189,646
Compensation and benefits	208,185		—		208,185		—		208,185
	680,730		351		681,081		(4,481)		676,600
Other Income (Loss)
Realized and unrealized gains (losses), net	9,764		806		10,570		3,557		14,127
Other income (loss), net	(3,650)		—		(3,650)		—		(3,650)
	6,114		806		6,920		3,557		10,477
Income (loss) before income taxes	87,786		—		87,786		—		87,786
Income tax expense (benefit)	(18,047)		—		(18,047)		—		(18,047)
Net Income (loss)	$	105,833	$	—	$	105,833	$	—	$	105,833
Noncontrolling interests in income (loss) of consolidated subsidiaries	1,668		—		1,668		—		1,668
Dividends on preferred stock	22,411		—		22,411		—		22,411
Net income (loss) attributable to common stockholders	$	81,754	$	—	$	81,754	$	—	$	81,754
Net Income (loss) per share of common stock
Basic	$	0.17	$	—	$	0.17	$	—	$	0.17
Diluted	$	0.17	$	—	$	0.17	$	—	$	0.17
Weighted average number of shares of common stock outstanding
Basic	473,715,100		—		473,715,100		—		473,715,100
Diluted	480,852,723		—		480,852,723		—		480,852,723
Dividends declared per share of common stock	$	0.25	$	—	$	0.25	$	—	$	0.25

Consolidated Balance Sheet:
	March 31, 2023
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Assets
Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value	$	8,886,209	$	—	$	8,886,209	$	—	$	8,886,209
Real estate and other securities	8,987,572		(339,491)		8,648,081		—		8,648,081
Residential loans, held-for-investment, at fair value	766,784		—		766,784		—		766,784
Residential mortgage loans, held-for-sale (includes $2,743,809 at fair value)(A)	2,841,320		—		2,841,320		—		2,841,320
Single-family rental properties	968,987		—		968,987		—		968,987
Mortgage loans receivable, at fair value	1,946,422		—		1,946,422		(349,498)		1,596,924
Residential mortgage loans subject to repurchase	1,189,907		—		1,189,907		—		1,189,907
Cash and cash equivalents(A)	1,434,697		—		1,434,697		—		1,434,697
Restricted cash(A)	365,649		—		365,649		(11,154)		354,495
Servicer advances receivable	2,594,271		—		2,594,271		—		2,594,271
Other assets (includes $786,594 at fair value)(A)	1,836,833		—		1,836,833		1,433		1,838,266
Assets of consolidated CFEs(A):
Investments, at fair value and other assets	—		2,419,465		2,419,465		359,219		2,778,684
Total Assets	$	31,818,651	$	2,079,974	$	33,898,625	$	—	$	33,898,625
Liabilities and Equity
Liabilities
Secured financing agreements(A)	$	11,760,930	$	—	$	11,760,930	$	—	$	11,760,930
Secured notes and bonds payable (includes $286,653 at fair value)(A)	9,728,605		—		9,728,605		(311,413)		9,417,192
Residential mortgage loan repurchase liability	1,189,907		—		1,189,907		—		1,189,907
Unsecured notes, net of issuance costs	545,490		—		545,490		—		545,490
Payable for investments purchased	—		—		—		—		—
Due to affiliates	—		—		—		—		—
Dividends payable	131,941		—		131,941		—		131,941
Accrued expenses and other liabilities (includes $46,954 at fair value)(A)	1,507,235		—		1,507,235		(359)		1,506,876
Liabilities of consolidated CFEs(A):
Notes payable, at fair value and other liabilities	—		2,079,974		2,079,974		311,772		2,391,746
Total Liabilities	24,864,108		2,079,974		26,944,082		—		26,944,082
Equity
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 51,964,122 issued and outstanding, $1,299,104 aggregate liquidation preference	1,257,254		—		1,257,254		—		1,257,254
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 483,017,747 issued and outstanding	4,832		—		4,832		—		4,832
Additional paid-in capital	6,062,051		—		6,062,051		—		6,062,051
Retained earnings (accumulated deficit)	(470,562)		—		(470,562)		—		(470,562)
Accumulated other comprehensive income	40,631		—		40,631		—		40,631
Total Rithm Capital stockholders’ equity	6,894,206		—		6,894,206		—		6,894,206
Noncontrolling interests in equity of consolidated subsidiaries	60,337		—		60,337		—		60,337
Total Equity	6,954,543		—		6,954,543		—		6,954,543
Total Liabilities and Equity	$	31,818,651	$	2,079,974	$	33,898,625	$	—	$	33,898,625

(A)The Company's Consolidated Balance Sheets include assets and liabilities of consolidated VIEs and certain other consolidated VIEs classified as CFEs that are presented separately and measured under the CFE election. VIE assets can only be used to settle obligations and liabilities of the VIEs. VIE creditors do not have recourse to Rithm Capital Corp.

Consolidated Statement of Operations:
	Three Months Ended March 31, 2023
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables	$	469,839	$	(182)	$	469,657	$	—	$	469,657
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(105,691))	(142,304)		—		(142,304)		—		(142,304)
Servicing revenue, net	327,535		(182)		327,353		—		327,353
Interest income	346,614		(7,925)		338,689		(8,666)		330,023
Gain on originated residential mortgage loans, held-for-sale, net	109,268		—		109,268		—		109,268
Other revenues	58,144		—		58,144		—		58,144
	841,561		(8,107)		833,454		(8,666)		824,788
Expenses
Interest expense and warehouse line fees	309,068		—		309,068		(4,853)		304,215
General and administrative	167,155		324		167,479		—		167,479
Compensation and benefits	188,880		—		188,880		—		188,880
	665,103		324		665,427		(4,853)		660,574
Other Income (Loss)
Realized and unrealized gains (losses), net	(78,149)		8,431		(69,718)		3,813		(65,905)
Other income (loss), net	(25,166)		—		(25,166)		—		(25,166)
	(103,315)		8,431		(94,884)		3,813		(91,071)
Income (loss) before income taxes	73,143		—		73,143		—		73,143
Income tax expense (benefit)	(16,806)		—		(16,806)		—		(16,806)
Net Income (loss)	$	89,949	$	—	$	89,949	$	—	$	89,949
Noncontrolling interests in income (loss) of consolidated subsidiaries	(1,300)		—		(1,300)		—		(1,300)
Dividends on preferred stock	22,395		—		22,395		—		22,395
Net income (loss) attributable to common stockholders	$	68,854	$	—	$	68,854	$	—	$	68,854
Net Income (loss) per share of common stock
Basic	$	0.14	$	—	$	0.14	$	—	$	0.14
Diluted	$	0.14	$	—	$	0.14	$	—	$	0.14
Weighted average number of shares of common stock outstanding
Basic	478,167,178		—		478,167,178		—		478,167,178
Diluted	482,846,911		—		482,846,911		—		482,846,911
Dividends declared per share of common stock	$	0.25	$	—	$	0.25	$	—	$	0.25

Consolidated Statement of Cash Flows:
	Three Months Ended March 31, 2023
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Net income (loss)	$	89,949	$	—	$	89,949	$	—	$	89,949
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Change in fair value of investments, net	243,258		3,817		247,075		—		247,075
Change in fair value of equity investments	2,098		—		2,098		—		2,098
Change in fair value of secured notes and bonds payable	2,500		—		2,500		—		2,500
(Gain) loss on settlement of investments, net	(167,609)		—		(167,609)		—		(167,609)
(Gain) loss on sale of originated residential mortgage loans, held-for-sale, net	(109,268)		—		(109,268)		—		(109,268)
(Gain) loss on transfer of loans to REO	(3,276)		—		(3,276)		—		(3,276)
Accretion and other amortization	(18,270)		5,504		(12,766)		—		(12,766)
Provision (reversal) for credit losses on securities, loans and REO	(2,803)		—		(2,803)		—		(2,803)
Non-cash portions of servicing revenue, net	149,730		—		149,730		—		149,730
Deferred tax provision	(16,822)		—		(16,822)		—		(16,822)
Mortgage loans originated and purchased for sale, net of fees	(7,531,856)		—		(7,531,856)		—		(7,531,856)
Sales proceeds and loan repayment proceeds for residential mortgage loans, held-for-sale	8,227,517		—		8,227,517		(90,496)		8,137,021
Residential mortgage loan repayment proceeds of consolidated CFEs	—		57,854		57,854		—		57,854
Mortgage loans receivable repayment proceeds of consolidated CFEs	—		—		—		90,496		90,496
Interest received from servicer advance investments, loans and other	13,705		—		13,705		—		13,705
Changes in:
Servicer advances receivable, net	230,596		—		230,596		—		230,596
Other assets	50,472		—		50,472		—		50,472
Accrued expenses and other liabilities	21,346		—		21,346		—		21,346
Net cash provided by (used in) operating activities	1,181,267		67,175		1,248,442		—		1,248,442
Cash Flows From Investing Activities
Purchase of servicer advance investments	(232,446)		—		(232,446)		—		(232,446)
Purchase of RMBS	(2,883,278)		—		(2,883,278)		—		(2,883,278)
Purchase of residential mortgage loans	(1,269)		—		(1,269)		—		(1,269)
Purchase of SFR properties, MSRs and other assets	(4,607)		—		(4,607)		—		(4,607)
Draws on revolving consumer loans	(6,831)		—		(6,831)		—		(6,831)
Net settlement of derivatives	225,560		—		225,560		—		225,560
Return of investments in Excess MSRs	7,821		—		7,821		—		7,821
Principal repayments from servicer advance investments	240,331		—		240,331		—		240,331
Principal repayments from RMBS	155,002		(11,583)		143,419		—		143,419
Principal repayments from residential mortgage loans	8,272		—		8,272		—		8,272
Principal repayments from consumer loans	24,784		—		24,784		—		24,784
Proceeds from sale of MSRs and MSR financing receivables	1,357		—		1,357		—		1,357
Proceeds from sale of RMBS	1,869,053		—		1,869,053		—		1,869,053
Proceeds from sale of REO	5,678		—		5,678		—		5,678
Net cash provided by (used in) investing activities	(590,573)		(11,583)		(602,156)		—		(602,156)

Consolidated Statement of Cash Flows (continued):
	Three Months Ended March 31, 2023
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Cash Flows From Financing Activities
Repayments of secured financing agreements	(11,327,261)		—		(11,327,261)		—		(11,327,261)
Repayments of warehouse credit facilities	(8,473,149)		—		(8,473,149)		—		(8,473,149)
Net settlement of margin deposits under repurchase agreements and derivatives	(387,780)		—		(387,780)		—		(387,780)
Repayments of secured notes and bonds payable	(1,677,534)		—		(1,677,534)		—		(1,677,534)
Deferred financing fees	(2,103)		—		(2,103)		—		(2,103)
Dividends paid on common and preferred stock	(140,968)		—		(140,968)		—		(140,968)
Borrowings under secured financing agreements	12,240,027		—		12,240,027		—		12,240,027
Borrowings under warehouse credit facilities	8,062,420		—		8,062,420		—		8,062,420
Borrowings under secured notes and bonds payable	1,303,796		—		1,303,796		—		1,303,796
Noncontrolling interest in equity of consolidated subsidiaries - distributions	(5,430)		—		(5,430)		—		(5,430)
Repayments of debt obligations of consolidated CFEs	—		(51,983)		(51,983)		—		(51,983)
Net cash provided by (used in) financing activities	(407,982)		(51,983)		(459,965)		—		(459,965)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	182,712		3,609		186,321		—		186,321
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	1,617,634		11,694		1,629,328		—		1,629,328
Cash, Cash Equivalents and Restricted Cash, End of Period	$	1,800,346	$	15,303	$	1,815,649	$	—	$	1,815,649
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	286,434		27,436		313,870		—		313,870
Cash paid during the period for income taxes	402		—		402		—		402
Supplemental Schedule of Non-Cash Investing and Financing Activities
Dividends declared but not paid on common and preferred stock	143,149		—		143,149		—		143,149
Transfer from residential mortgage loans to REO and other assets	6,025		—		6,025		—		6,025
Residential mortgage loans subject to repurchase	1,189,907		—		1,189,907		—		1,189,907
Cashless exercise of 2020 warrants (par)	93		—		93		—		93

Consolidated Balance Sheet:
	June 30, 2023
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Assets
Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value	$	8,688,556	$	—	$	8,688,556	$	—	$	8,688,556
Real estate and other securities (includes $8,722,018 at fair value)	9,701,000		(346,953)		9,354,047		—		9,354,047
Residential loans, held-for-investment, at fair value	400,206		—		400,206		—		400,206
Residential mortgage loans, held-for-sale (includes $3,008,722 at fair value)(A)	3,092,667		—		3,092,667		—		3,092,667
Consumer loans held-for-investment, at fair value(A)	1,602,571		—		1,602,571		—		1,602,571
Single-family rental properties	965,194		—		965,194		—		965,194
Mortgage loans receivable, at fair value	1,939,499		—		1,939,499		(347,327)		1,592,172
Residential mortgage loans subject to repurchase	1,296,097		—		1,296,097		—		1,296,097
Cash and cash equivalents(A)	1,369,025		—		1,369,025		—		1,369,025
Restricted cash(A)	319,765		—		319,765		(12,924)		306,841
Servicer advances receivable	2,447,918		—		2,447,918		—		2,447,918
Other assets (includes $816,546 at fair value)(A)	2,035,581		—		2,035,581		2,099		2,037,680
Assets of consolidated CFEs(A):
Investments, at fair value and other assets	—		2,488,162		2,488,162		358,152		2,846,314
Total Assets	$	33,858,079	$	2,141,209	$	35,999,288	$	—	$	35,999,288
Liabilities and Equity
Liabilities
Secured financing agreements(A)	$	12,757,428	$	—	$	12,757,428	$	—	$	12,757,428
Secured notes and bonds payable (includes $261,866 at fair value)(A)	10,315,006		—		10,315,006		(312,255)		10,002,751
Residential mortgage loan repurchase liability	1,296,097		—		1,296,097		—		1,296,097
Unsecured notes, net of issuance costs	545,930		—		545,930		—		545,930
Dividends payable	134,188		—		134,188		—		134,188
Accrued expenses and other liabilities (includes $9,372 at fair value)(A)	1,614,746		—		1,614,746		(338)		1,614,408
Liabilities of consolidated CFEs(A):
Notes payable, at fair value and other liabilities	—		2,141,209		2,141,209		312,593		2,453,802
Total Liabilities	26,663,395		2,141,209		28,804,604		—		28,804,604
Equity
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 51,964,122 issued and outstanding, $1,299,104,000 aggregate liquidation preference	1,257,254		—		1,257,254		—		1,257,254
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 483,320,606 issued and outstanding	4,834		—		4,834		—		4,834
Additional paid-in capital	6,068,613		—		6,068,613		—		6,068,613
Retained earnings (accumulated deficit)	(236,222)		—		(236,222)		—		(236,222)
Accumulated other comprehensive income	39,954		—		39,954		—		39,954
Total Rithm Capital stockholders’ equity	7,134,433		—		7,134,433		—		7,134,433
Noncontrolling interests in equity of consolidated subsidiaries	60,251		—		60,251		—		60,251
Total Equity	7,194,684		—		7,194,684		—		7,194,684
Total Liabilities and Equity	$	33,858,079	$	2,141,209	$	35,999,288	$	—	$	35,999,288

(A)The Company's Consolidated Balance Sheets include assets and liabilities of consolidated VIEs and certain other consolidated VIEs classified as CFEs that are presented separately and measured under the CFE election. VIE assets can only be used to settle obligations and liabilities of the VIEs. VIE creditors do not have recourse to Rithm Capital Corp.

Consolidated Statement of Operations:
	Three Months Ended June 30, 2023
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables	$	465,562	$	(215)	$	465,347	$	—	$	465,347
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(139,410))	22,032		—		22,032		—		22,032
Servicing revenue, net	487,594		(215)		487,379		—		487,379
Interest income	398,786		(4,398)		394,388		(9,221)		385,167
Gain on originated residential mortgage loans, held-for-sale, net	151,822		26,762		178,584		—		178,584
Other revenues	59,209		—		59,209		—		59,209
	1,097,411		22,149		1,119,560		(9,221)		1,110,339
Expenses
Interest expense and warehouse line fees	329,158		—		329,158		(4,923)		324,235
General and administrative	181,508		410		181,918		—		181,918
Compensation and benefits	189,606		—		189,606		—		189,606
	700,272		410		700,682		(4,923)		695,759
Other Income (Loss)
Realized and unrealized gains (losses), net	93,974		(21,739)		72,235		4,298		76,533
Other income (loss), net	(47,898)		—		(47,898)		—		(47,898)
	46,076		(21,739)		24,337		4,298		28,635
Income (loss) before income taxes	443,215		—		443,215		—		443,215
Income tax expense (benefit)	56,530		—		56,530		—		56,530
Net Income (loss)	$	386,685	$	—	$	386,685	$	—	$	386,685
Noncontrolling interests in income (loss) of consolidated subsidiaries	6,889		—		6,889		—		6,889
Dividends on preferred stock	22,395		—		22,395		—		22,395
Net income (loss) attributable to common stockholders	$	357,401	$	—	$	357,401	$	—	$	357,401
Net Income (loss) per share of common stock
Basic	$	0.74	$	—	$	0.74	$	—	$	0.74
Diluted	$	0.74	$	—	$	0.74	$	—	$	0.74
Weighted average number of shares of common stock outstanding
Basic	483,091,792		—		483,091,792		—		483,091,792
Diluted	483,376,961		—		483,376,961		—		483,376,961
Dividends declared per share of common stock	$	0.25	$	—	$	0.25	$	—	$	0.25

Consolidated Statement of Operations:
	Six Months Ended June 30, 2023
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables	$	935,401	$	(397)	$	935,004	$	—	$	935,004
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(245,101))	(120,272)		—		(120,272)		—		(120,272)
Servicing revenue, net	815,129		(397)		814,732		—		814,732
Interest income	745,400		(12,323)		733,077		(17,887)		715,190
Gain on originated residential mortgage loans, held-for-sale, net	261,090		26,762		287,852		—		287,852
Other revenues	117,353		—		117,353		—		117,353
	1,938,972		14,042		1,953,014		(17,887)		1,935,127
Expenses
Interest expense and warehouse line fees	638,226		—		638,226		(9,776)		628,450
General and administrative	348,663		734		349,397		—		349,397
Compensation and benefits	378,486		—		378,486		—		378,486
	1,365,375		734		1,366,109		(9,776)		1,356,333
Other Income (Loss)
Realized and unrealized gains (losses), net	15,825		(13,308)		2,517		8,111		10,628
Other income (loss), net	(73,064)		—		(73,064)		—		(73,064)
	(57,239)		(13,308)		(70,547)		8,111		(62,436)
Income (loss) before income taxes	516,358		—		516,358		—		516,358
Income tax expense (benefit)	39,724		—		39,724		—		39,724
Net Income (loss)	$	476,634	$	—	$	476,634	$	—	$	476,634
Noncontrolling interests in income (loss) of consolidated subsidiaries	5,589		—		5,589		—		5,589
Dividends on preferred stock	44,790		—		44,790		—		44,790
Net income (loss) attributable to common stockholders	$	426,255	$	—	$	426,255	$	—	$	426,255
Net Income (loss) per share of common stock
Basic	$	0.89	$	—	$	0.89	$	—	$	0.89
Diluted	$	0.88	$	—	$	0.88	$	—	$	0.88
Weighted average number of shares of common stock outstanding
Basic	480,642,680		—		480,642,680		—		480,642,680
Diluted	483,113,400		—		483,113,400		—		483,113,400
Dividends declared per share of common stock	$	0.50	$	—	$	0.50	$	—	$	0.50

Consolidated Statement of Cash Flows:
	Six Months Ended June 30, 2023
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Cash Flows From Operating Activities
Net income (loss)	$	476,634	$	—	$	476,634	$	—	476,634
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Change in fair value of investments, net	269,530		38,103		307,633		—		307,633
Change in fair value of equity investments	27,630		—		27,630		—		27,630
Change in fair value of secured notes and bonds payable	(2,049)		—		(2,049)		—		(2,049)
(Gain) loss on settlement of investments, net	(283,306)		—		(283,306)		—		(283,306)
(Gain) loss on sale of originated residential mortgage loans, held-for-sale, net	(261,090)		(26,762)		(287,852)		—		(287,852)
(Gain) loss on transfer of loans to real estate owned ("REO")	(7,472)		—		(7,472)		—		(7,472)
Accretion and other amortization	(37,711)		7,819		(29,892)		—		(29,892)
Provision (reversal) for credit losses on securities, loans and REO	3,009		—		3,009		—		3,009
Non-cash portions of servicing revenue, net	120,272		—		120,272		—		120,272
Deferred tax provision	39,626		—		39,626		—		39,626
Mortgage loans originated and purchased for sale, net of fees	(18,109,588)		—		(18,109,588)		—		(18,109,588)
Sales proceeds and loan repayment proceeds for residential mortgage loans, held-for-sale	18,491,330		(150,586)		18,340,744		(166,550)		18,174,194
Residential mortgage loan repayment proceeds of consolidated CFEs	—		130,704		130,704		—		130,704
Mortgage loans receivable repayment proceeds of consolidated CFEs	—		—		—		166,550		166,550
Interest received from servicer advance investments, loans and other	27,874		—		27,874		—		27,874
Changes in:
Servicer advances receivable, net	377,567		—		377,567		—		377,567
Other assets	16,191		—		16,191		—		16,191
Accrued expenses and other liabilities	83,799		—		83,799		—		83,799
Net cash provided by (used in) operating activities	1,232,246		(722)		1,231,524		—		1,231,524
Cash Flows From Investing Activities
Purchase of US Treasury Bills	(973,795)		—		(973,795)		—		(973,795)
Purchase of servicer advance investments	(445,470)		—		(445,470)		—		(445,470)
Purchase of RMBS	(2,898,237)		—		(2,898,237)		—		(2,898,237)
Purchase of residential mortgage loans	(1,269)		—		(1,269)		—		(1,269)
Purchase of SFR properties, MSRs and other assets	(11,975)		—		(11,975)		—		(11,975)
Draws on revolving consumer loans	(13,493)		—		(13,493)		—		(13,493)
Net settlement of derivatives and hedges	291,174		—		291,174		—		291,174
Return of investments in Excess MSRs	16,489		—		16,489		—		16,489
Principal repayments from servicer advance investments	464,921		—		464,921		—		464,921
Principal repayments from RMBS	331,176		(25,289)		305,887		—		305,887
Principal repayments from residential mortgage loans	21,364		—		21,364		—		21,364
Principal repayments from consumer loans	86,164		—		86,164		—		86,164
Proceeds from sale of MSRs and MSR financing receivables	424,034		—		424,034		—		424,034
Proceeds from sale of RMBS	1,869,053		—		1,869,053		—		1,869,053
Proceeds from sale of REO	13,175		—		13,175		—		13,175
Net cash provided by (used in) investing activities	(826,689)		(25,289)		(851,978)		—		(851,978)

Consolidated Statement of Cash Flows (continued):
	Six Months Ended June 30, 2023
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Cash Flows From Financing Activities
Repayments of secured financing agreements	(24,321,697)		—		(24,321,697)		—		(24,321,697)
Repayments of warehouse credit facilities	(18,980,639)		—		(18,980,639)		—		(18,980,639)
Repayment of unsecured senior notes	—		—		—		—		—
Net settlement of margin deposits under repurchase agreements and derivatives	(411,796)		—		(411,796)		—		(411,796)
Repayments of secured notes and bonds payable	(3,538,076)		—		(3,538,076)		—		(3,538,076)
Deferred financing fees	(11,740)		—		(11,740)		—		(11,740)
Dividends paid on common and preferred stock	(284,262)		—		(284,262)		—		(284,262)
Borrowings under secured financing agreements	26,093,901		—		26,093,901		—		26,093,901
Borrowings under warehouse credit facilities	18,706,720		—		18,706,720		—		18,706,720
Borrowings under secured notes and bonds payable	2,425,593		—		2,425,593		—		2,425,593
Noncontrolling interest in equity of consolidated subsidiaries - distributions	(12,405)		—		(12,405)		—		(12,405)
Proceeds from issuance of debt obligations of consolidated CFEs	—		150,586		150,586		—		150,586
Repayments of debt obligations of consolidated CFEs	—		(127,404)		(127,404)		—		(127,404)
Net cash provided by (used in) financing activities	(334,401)		23,182		(311,219)		—		(311,219)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	71,156		(2,829)		68,327		—		68,327
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period	1,617,634		11,694		1,629,328		—		1,629,328
Cash, Cash Equivalents, and Restricted Cash, End of Period	$	1,688,790	$	8,865	$	1,697,655	$	—	$	1,697,655
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	624,519		55,811		680,330		—		680,330
Cash paid during the period for income taxes	1,798		—		1,798		—		1,798
Supplemental Schedule of Non-Cash Investing and Financing Activities
Dividends declared but not paid on common and preferred stock	143,225		—		143,225		—		143,225
Transfer from residential mortgage loans to REO and other assets	14,662		—		14,662		—		14,662
Real estate securities retained from loan securitizations	15,241		(15,241)		—		—		—
Residential mortgage loans subject to repurchase	1,296,097		—		1,296,097		—		1,296,097
Cashless exercise of 2020 warrants (par)	93		—		93		—		93
Seller financing in Marcus loan acquisition	1,317,347		—		1,317,347		—		1,317,347

Consolidated Balance Sheet:
	September 30, 2023
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Assets
Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value	$	8,694,868	$	—	$	8,694,868	$	—	$	8,694,868
Real estate and other securities (includes $9,201,474 at fair value)	10,193,596		(314,885)		9,878,711		—		9,878,711
Residential loans, held-for-investment, at fair value	370,957		—		370,957		—		370,957
Residential mortgage loans, held-for-sale (includes $2,740,599 at fair value)(A)	2,819,282		—		2,819,282		—		2,819,282
Consumer loans held-for-investment, at fair value(A)	1,436,080		—		1,436,080		—		1,436,080
Single-family rental properties	991,948		—		991,948		—		991,948
Mortgage loans receivable, at fair value	2,135,424		—		2,135,424		(348,061)		1,787,363
Residential mortgage loans subject to repurchase	1,443,546		—		1,443,546		—		1,443,546
Cash and cash equivalents(A)	1,217,283		—		1,217,283		—		1,217,283
Restricted cash(A)	368,447		—		368,447		(12,859)		355,588
Servicer advances receivable	2,434,266		—		2,434,266		—		2,434,266
Receivable for investments sold	219,963		—		219,963		—		219,963
Other assets (includes $817,162 at fair value)(A)	2,419,868		—		2,419,868		2,782		2,422,650
Assets of consolidated CFEs(A):
Investments, at fair value and other assets	—		2,360,422		2,360,422		358,138		2,718,560
Total Assets	$	34,745,528	$	2,045,537	$	36,791,065	$	—	$	36,791,065
Liabilities and Equity
Liabilities
Secured financing agreements(A)	$	13,605,380	$	—	$	13,605,380	$	—	$	13,605,380
Secured notes and bonds payable (includes $245,695 at fair value)(A)	9,964,855		—		9,964,855		(307,228)		9,657,627
Residential mortgage loan repurchase liability	1,443,546		—		1,443,546		—		1,443,546
Unsecured notes, net of issuance costs	546,374		—		546,374		—		546,374
Dividends payable	135,095		—		135,095		—		135,095
Accrued expenses and other liabilities (includes $9,639 at fair value)(A)	1,782,315		—		1,782,315		(318)		1,781,997
Liabilities of consolidated CFEs(A):
Notes payable, at fair value and other liabilities	—		2,045,537		2,045,537		307,546		2,353,083
Total Liabilities	27,477,565		2,045,537		29,523,102		—		29,523,102
Equity
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 51,964,122 issued and outstanding, $1,299,104 aggregate liquidation preference	1,257,254		—		1,257,254		—		1,257,254
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 483,214,061 issued and outstanding	4,833		—		4,833		—		4,833
Additional paid-in capital	6,070,970		—		6,070,970		—		6,070,970
Retained earnings (accumulated deficit)	(164,010)		—		(164,010)		—		(164,010)
Accumulated other comprehensive income	39,009		—		39,009		—		39,009
Total Rithm Capital stockholders’ equity	7,208,056		—		7,208,056		—		7,208,056
Noncontrolling interests in equity of consolidated subsidiaries	59,907		—		59,907		—		59,907
Total Equity	7,267,963		—		7,267,963		—		7,267,963
Total Liabilities and Equity	$	34,745,528	$	2,045,537	$	36,791,065	$	—	$	36,791,065

(A)The Company's Consolidated Balance Sheets include assets and liabilities of consolidated VIEs and certain other consolidated VIEs classified as CFEs that are presented separately and measured under the CFE election. VIE assets can only be used to settle obligations and liabilities of the VIEs. VIE creditors do not have recourse to Rithm Capital Corp.

Consolidated Statement of Operations:
	Three Months Ended September 30, 2023
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables	$	442,644	$	(219)	$	442,425	$	—	$	442,425
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(138,993))	20,934		—		20,934		—		20,934
Servicing revenue, net	463,578		(219)		463,359		—		463,359
Interest income	476,607		(4,785)		471,822		(9,325)		462,497
Gain on originated residential mortgage loans, held-for-sale, net	149,230		—		149,230		—		149,230
Other revenues	60,319		—		60,319		—		60,319
	1,149,734		(5,004)		1,144,730		(9,325)		1,135,405
Expenses
Interest expense and warehouse line fees	382,554		—		382,554		(5,026)		377,528
General and administrative	190,475		216		190,691		—		190,691
Compensation and benefits	186,149		—		186,149		—		186,149
	759,178		216		759,394		(5,026)		754,368
Other Income (Loss)
Realized and unrealized gains (losses), net	(123,668)		5,220		(118,448)		4,299		(114,149)
Other income (loss), net	6,888		—		6,888		—		6,888
	(116,780)		5,220		(111,560)		4,299		(107,261)
Income (loss) before income taxes	273,776		—		273,776		—		273,776
Income tax expense (benefit)	52,585		—		52,585		—		52,585
Net Income (loss)	$	221,191	$	—	$	221,191	$	—	$	221,191
Noncontrolling interests in income (loss) of consolidated subsidiaries	4,848		—		4,848		—		4,848
Dividends on preferred stock	22,394		—		22,394		—		22,394
Net income (loss) attributable to common stockholders	$	193,949	$	—	$	193,949	$	—	$	193,949
Net Income (loss) per share of common stock
Basic	$	0.40	$	—	$	0.40	$	—	$	0.40
Diluted	$	0.40	$	—	$	0.40	$	—	$	0.40
Weighted average number of shares of common stock outstanding
Basic	483,214,061		—		483,214,061		—		483,214,061
Diluted	484,350,288		—		484,350,288		—		484,350,288
Dividends declared per share of common stock	$	0.25	$	—	$	0.25	$	—	$	0.25

Consolidated Statement of Operations:
	Nine Months Ended September 30, 2023
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables	$	1,378,045	$	(616)	$	1,377,429	$	—	$	1,377,429
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(384,094))	(99,338)		—		(99,338)		—		(99,338)
Servicing revenue, net	1,278,707		(616)		1,278,091		—		1,278,091
Interest income	1,222,007		(17,107)		1,204,900		(27,212)		1,177,688
Gain on originated residential mortgage loans, held-for-sale, net	410,320		26,762		437,082		—		437,082
Other revenues	177,672		—		177,672		—		177,672
	3,088,706		9,039		3,097,745		(27,212)		3,070,533
Expenses
Interest expense and warehouse line fees	1,020,780		—		1,020,780		(14,802)		1,005,978
General and administrative	539,138		950		540,088		—		540,088
Compensation and benefits	564,635		—		564,635		—		564,635
	2,124,553		950		2,125,503		(14,802)		2,110,701
Other Income (Loss)
Realized and unrealized gains (losses), net	(107,843)		(8,089)		(115,932)		12,410		(103,522)
Other income (loss), net	(66,176)		—		(66,176)		—		(66,176)
	(174,019)		(8,089)		(182,108)		12,410		(169,698)
Income (loss) before income taxes	790,134		—		790,134		—		790,134
Income tax expense (benefit)	92,309		—		92,309		—		92,309
Net Income (loss)	$	697,825	$	—	$	697,825	$	—	$	697,825
Noncontrolling interests in income (loss) of consolidated subsidiaries	10,437		—		10,437		—		10,437
Dividends on preferred stock	67,184		—		67,184		—		67,184
Net income (loss) attributable to common stockholders	$	620,204	$	—	$	620,204	$	—	$	620,204
Net Income (loss) per share of common stock
Basic	$	1.29	$	—	$	1.29	$	—	$	1.29
Diluted	$	1.28	$	—	$	1.28	$	—	$	1.28
Weighted average number of shares of common stock outstanding
Basic	481,503,762		—		481,503,762		—		481,503,762
Diluted	483,530,227		—		483,530,227		—		483,530,227
Dividends declared per share of common stock	$	0.75	$	—	$	0.75	$	—	$	0.75

Consolidated Statement of Cash Flows:
	Nine Months Ended September 30, 2023
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Cash Flows From Operating Activities
Net income (loss)	$	697,825	$	—	$	697,825	$	—	$	697,825
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Change in fair value of investments, net	516,114		43,903		560,017		—		560,017
Change in fair value of equity investments	27,509		—		27,509		—		27,509
Change in fair value of secured notes and bonds payable	(5,890)		—		(5,890)		—		(5,890)
(Gain) loss on settlement of investments, net	(402,449)		—		(402,449)		—		(402,449)
(Gain) loss on sale of originated residential mortgage loans, held-for-sale, net	(410,320)		(26,762)		(437,082)		—		(437,082)
(Gain) loss on transfer of loans to real estate owned ("REO")	(10,120)		—		(10,120)		—		(10,120)
Accretion and other amortization	(85,063)		10,333		(74,730)		—		(74,730)
Provision (reversal) for credit losses on securities, loans and REO	6,455		—		6,455		—		6,455
Non-cash portions of servicing revenue, net	158,344		—		158,344		—		158,344
Deferred tax provision	86,324		—		86,324		—		86,324
Mortgage loans originated and purchased for sale, net of fees	(30,003,362)		—		(30,003,362)		—		(30,003,362)
Sales proceeds and loan repayment proceeds for residential mortgage loans, held-for-sale	30,494,925		(150,586)		30,344,339		(255,798)		30,088,541
Residential mortgage loan repayment proceeds of consolidated CFEs	—		196,166		196,166		—		196,166
Mortgage loans receivable repayment proceeds of consolidated CFEs	—		—		—		255,798		255,798
Interest received from servicer advance investments, loans and other	42,932		—		42,932		—		42,932
Changes in:
Servicer advances receivable, net	339,610		—		339,610		—		339,610
Other assets	15,312		—		15,312		—		15,312
Accrued expenses and other liabilities	199,341		—		199,341		—		199,341
Net cash provided by (used in) operating activities	1,667,487		73,054		1,740,541		—		1,740,541
Cash Flows From Investing Activities
Purchase of US Treasury Bills	(973,795)		—		(973,795)		—		(973,795)
Purchase of servicer advance investments	(644,594)		—		(644,594)		—		(644,594)
Purchase of RMBS	(4,094,458)		—		(4,094,458)		—		(4,094,458)
Purchase of residential mortgage loans	(1,269)		—		(1,269)		—		(1,269)
Purchase of SFR properties, MSRs and other assets	(72,503)		—		(72,503)		—		(72,503)
Purchase of mortgage loan receivable	(146,631)		—		(146,631)		—		(146,631)
Draws on revolving consumer loans	(20,675)		—		(20,675)		—		(20,675)
Net settlement of derivatives and hedges	390,415		—		390,415		—		390,415
Return of investments in Excess MSRs	23,066		—		23,066		—		23,066
Principal repayments from servicer advance investments	675,261		—		675,261		—		675,261
Principal repayments from RMBS	514,553		(37,073)		477,480		—		477,480
Principal repayments from residential mortgage loans	35,064		—		35,064		—		35,064
Principal repayments from consumer loans	267,820		—		267,820		—		267,820
Proceeds from sale of MSRs and MSR financing receivables	705,300		—		705,300		—		705,300
Proceeds from sale of RMBS	1,868,702		—		1,868,702		—		1,868,702
Proceeds from sale of REO	19,806		—		19,806		—		19,806
Net cash provided by (used in) investing activities	(1,453,938)		(37,073)		(1,491,011)		—		(1,491,011)

Consolidated Statement of Cash Flows (continued):
	Nine Months Ended September 30, 2023
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Cash Flows From Financing Activities
Repayments of secured financing agreements	(31,733,802)		—		(31,733,802)		—		(31,733,802)
Repayments of warehouse credit facilities	(31,076,021)		—		(31,076,021)		—		(31,076,021)
Net settlement of margin deposits under repurchase agreements and derivatives	(676,511)		—		(676,511)		—		(676,511)
Repayments of secured notes and bonds payable	(5,024,509)		—		(5,024,509)		—		(5,024,509)
Deferred financing fees	(7,084)		—		(7,084)		—		(7,084)
Dividends paid on common and preferred stock	(427,583)		—		(427,583)		—		(427,583)
Borrowings under secured financing agreements	34,530,433		—		34,530,433		—		34,530,433
Borrowings under warehouse credit facilities	30,625,465		—		30,625,465		—		30,625,465
Borrowings under secured notes and bonds payable	3,561,756		—		3,561,756		—		3,561,756
Noncontrolling interest in equity of consolidated subsidiaries - distributions	(17,597)		—		(17,597)		—		(17,597)
Proceeds from issuance of debt obligations of consolidated CFEs	—		150,586		150,586		—		150,586
Repayments of debt obligations of consolidated CFEs	—		(190,881)		(190,881)		—		(190,881)
Net cash provided by (used in) financing activities	(245,453)		(40,295)		(285,748)		—		(285,748)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	(31,904)		(4,314)		(36,218)		—		(36,218)
Cash, Cash Equivalents, and Restricted Cash, Beginning of Period	1,617,634		11,694		1,629,328		—		1,629,328
Cash, Cash Equivalents, and Restricted Cash, End of Period	$	1,585,730	$	7,380	$	1,593,110	$	—	$	1,593,110
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	893,204		82,668		975,872		—		975,872
Cash paid during the period for income taxes	1,798		—		1,798		—		1,798
Supplemental Schedule of Non-Cash Investing and Financing Activities
Dividends declared but not paid on common and preferred stock	143,199		—		143,199		—		143,199
Transfer from residential mortgage loans to REO and other assets	21,135		—		21,135		—		21,135
Real estate securities retained from loan securitizations	15,241		(15,241)		—		—		—
Residential mortgage loans subject to repurchase	1,443,546		—		1,443,546		—		1,443,546
Cashless exercise of 2020 warrants (par)	93		—		93		—		93
Seller financing in Marcus loan acquisition	1,317,347		—		1,317,347		—		1,317,347

Consolidated Statement of Operations:
	Three Months Ended December 31, 2023
	As Reported		Error Adjustments		Subtotal		Reclassifications		As Restated
Revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables	$	482,210	$	(282)	$	481,928	$	—	$	481,928
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(134,884))	(466,346)		—		(466,346)		—		(466,346)
Servicing revenue, net	15,864		(282)		15,582		—		15,582
Interest income	454,317		(6,875)		447,442		(8,941)		438,501
Gain on originated residential mortgage loans, held-for-sale, net	98,114		(1,719)		96,395		—		96,395
Other revenues	58,495		—		58,495		—		58,495
Asset management revenues	82,681		—		82,681		—		82,681
	709,471		(8,876)		700,595		(8,941)		691,654
Expenses
Interest expense and warehouse line fees	400,474		—		400,474		(5,125)		395,349
General and administrative	191,614		766		192,380		—		192,380
Compensation and benefits	222,457		—		222,457		—		222,457
	814,545		766		815,311		(5,125)		810,186
Other Income (Loss)
Realized and unrealized gains (losses), net	70,607		9,642		80,249		3,816		84,065
Other income (loss), net	(2,834)		—		(2,834)		—		(2,834)
	67,773		9,642		77,415		3,816		81,231
Income (loss) before income taxes	(37,301)		—		(37,301)		—		(37,301)
Income tax expense (benefit)	29,850		—		29,850		—		29,850
Net Income (loss)	$	(67,151)	$	—	$	(67,151)	$	—	$	(67,151)
Noncontrolling interests in income (loss) of consolidated subsidiaries	(2,020)		—		(2,020)		—		(2,020)
Dividends on preferred stock	22,395		—		22,395		—		22,395
Net income (loss) attributable to common stockholders	$	(87,526)	$	—	$	(87,526)	$	—	$	(87,526)
Net Income (loss) per share of common stock
Basic	$	(0.18)	$	—	$	(0.18)	$	—	$	(0.18)
Diluted	$	(0.18)	$	—	$	(0.18)	$	—	$	(0.18)
Weighted average number of shares of common stock outstanding
Basic	483,214,458		—		483,214,458		—		483,214,458
Diluted	484,270,098		—		484,270,098		—		484,270,098
Dividends declared per share of common stock	$	0.25	$	—	$	0.25	$	—	$	0.25