CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

3 Months Ended

Mar. 31, 2025

Cash and Cash Equivalents [Abstract]

CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

Rithm Capital considers all highly liquid short-term investments with maturities of 90 days or less when purchased to be cash equivalents. Substantially all amounts on deposit with major financial institutions exceed insured limits.

Restricted cash consists of cash collateral pledges related to secured financing and securitizations and cash proceeds held in a trust account from the IPO of the SPAC that can only be used for purposes of completing an initial business combination or redemption of the SPAC’s Class A ordinary shares as set forth in the SPAC trust agreement.

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported on Rithm Capital’s consolidated balance sheets to the total of the same amounts shown in the consolidated statements of cash flows:




	March 31, 2025		December 31, 2024
Cash and cash equivalents	$	1,493,834	$	1,458,743
Restricted cash	511,698		308,443
Restricted cash of consolidated CFEs(A)	85,040		150,623
Total Cash and Cash Equivalents and Restricted Cash	$	2,090,572	$	1,917,809

(A) Presented within investments, at fair value and other assets on the consolidated balance sheets.

The following table summarizes restricted cash balances by reporting segment including corporate category:




	March 31, 2025		December 31, 2024
Investment Portfolio(A)	$	67,052	$	66,419
Origination and Servicing	174,176		207,724
Residential Transitional Lending(A)	43,312		40,727
Asset Management(A)	81,388		144,196
Corporate Category(B)	230,810		—
Total Restricted Cash	$	596,738	$	459,066

(A)Includes restricted cash related to consolidated CFEs presented within investments, at fair value and other assets on the consolidated balance sheets.

(B)Restricted cash in the corporate category relates to the cash held in a trust account related to the Company’s consolidated SPAC.