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CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | 3 Months Ended
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Mar. 31, 2025
Cash and Cash Equivalents [Abstract] |
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | 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.

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- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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