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GOODWILL AND INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
As a result of acquisitions, the Company recognized intangible assets in the form of management contracts, customer relationships, purchased technology, trademarks and trade names. The Company also recognized goodwill on certain acquisitions. Goodwill and intangible assets are presented within other assets on Rithm Capital’s consolidated balance sheets.

The following table summarizes the carrying value of goodwill by reportable segment:
Origination and ServicingResidential Transitional LendingAsset ManagementTotal
Balance at December 31, 202429,468 55,731 48,633 133,832 
Impairment loss— — — — 
Balance at March 31, 2025$29,468 $55,731 $48,633 $133,832 


The following table summarizes the acquired identifiable intangible assets:
Estimated Useful Lives (Years)March 31, 2025December 31, 2024
Gross Intangible Assets:
Management contracts10$275,000 $275,000 
Customer relationships
2 to 9
79,753 79,753 
Purchased technology
3 to 7
109,539 105,567 
Trademarks / Trade names(A)
1 to 5
10,259 10,259 
LicensesIndefinite21,365 21,365 
495,916 491,944 
Accumulated Amortization:
Management contracts37,716 30,940 
Customer relationships32,318 25,773 
Purchased technology100,671 97,259 
Trademarks / Trade names6,318 6,023 
177,023 159,995 
Intangible Assets, Net:
Management contracts237,284 244,060 
Customer relationships47,435 53,980 
Purchased technology8,868 8,308 
Trademarks / Trade names(A)
3,941 4,236 
Licenses21,365 21,365 
$318,893 $331,949 
(A)Includes indefinite-lived intangible assets of $1.9 million as of March 31, 2025 and December 31, 2024.

The Company did not record any impairment loss on its intangible assets for the three months ended March 31, 2025 and 2024.

The following table summarizes the amortization expense recorded by the Company related to its intangible assets. Amortization expense related to intangible assets is included in general and administrative in the consolidated statements of operations.
Three Months Ended March 31,
20252024
Amortization expense$13,056 $18,953 
The following table summarizes the expected future amortization expense for intangible assets as of March 31, 2025:
Year EndingAmortization Expense
2026$36,244 
202741,073 
202836,888 
202936,317 
203035,898 
2031 and thereafter
109,232 
$295,652