Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Caution evidenceCoverage 2/5 core metricsLatest reported annual revenue changed -25.0% from the prior reported annual observation.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Revenue contracted
Latest reported annual revenue changed -25.0% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2023-12-31.
- 1 filing risk check flagged
Flagged areas: Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Servicing Fee Net$2.29Bshare n/a+15.1% yoy
- Interest Revenue$1.87Bshare n/a-3.9% yoy
- Change In Fair Value Of Mortgage Servicing Right-$1.17Bshare n/a+157.6% yoy
- Servicing Revenue Net$1.12Bshare n/a-27.1% yoy
- Gain On Originated Residential Mortgage Loans Held For Sale Net$730Mshare n/a+6.9% yoy
- Management Service Incentive$364Mshare n/a+26.6% yoy
- Management Service$263Mshare n/a+12.9% yoy
- Product And Service Other$239Mshare n/a+5.0% yoy
- +4 more members in the filing
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Servicing Fee Net$579Mshare n/a+1.5% yoy
- Interest Revenue$462Mshare n/a+4.7% yoy
- Servicing Revenue Net$375Mshare n/a+58.0% yoy
- Gain On Originated Residential Mortgage Loans Held For Sale Net$208Mshare n/a+30.3% yoy
- Change In Fair Value Of Mortgage Servicing Right-$204Mshare n/a-38.7% yoy
- Management Service$90.9Mshare n/a+54.2% yoy
- +4 more members in the filing
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 907 in Financials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Return on equity net income ÷ stockholders' equity (positive equity only) | 8.3% | 60thof 3,577 middle third | 47thof 774 middle third |
Cash conversion operating cash flow ÷ net income (net income > 0) | -1.9× | 2ndof 2,183 bottom third | 3rdof 673 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | 4.0% | 9thof 3,577 bottom third | 10thof 804 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 9.5% | 40thof 3,059 middle third | 47thof 734 middle third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 36 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2020-03-31 | 415,589,155 shares 10-Q 2020-05-11 | 415,589,155,000 shares 10-Q 2021-05-06 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2020-03-31 | 415,589,155 shares 10-Q 2020-05-11 | 415,589,155,000 shares 10-Q 2021-05-06 | +99900.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2021-03-31 | 429,491,379,000 shares 10-Q 2021-05-06 | 429,491,379 shares 10-Q 2022-05-06 | -99.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2021-03-31 | 414,795,505,000 shares 10-Q 2021-05-06 | 414,795,505 shares 10-Q 2022-05-06 | -99.9% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2023-12-31 | $1.1B 10-K 2024-02-20 | $694M 10-K 2026-02-19 | -37.0% | first · latest · 4 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2021-12-31 | $2.88B 10-K 2022-02-17 | $3.43B 10-K/A 2024-08-12 | +19.1% | first · latest · 4 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2022-03-31 | $3.89B 10-Q 2022-05-06 | $3.22B 10-K/A 2024-08-12 | -17.2% | first · latest · 3 filings carry it |
| Total liabilities Liabilities | balance at 2024-03-31 | $34.9B 10-Q 2024-05-03 | $40.7B 10-Q/A 2024-08-12 | +16.7% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2022-12-31 | $6.87B 10-K 2023-02-17 | $5.75B 10-K 2025-02-18 | -16.3% | first · latest · 4 filings carry it |
| Total liabilities Liabilities | balance at 2023-12-31 | $28.2B 10-K 2024-02-20 | $32.6B 10-K 2026-02-19 | +15.6% | first · latest · 8 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2024-03-31 | -$1.14B 10-Q 2024-05-03 | -$1.31B 10-Q 2025-05-02 | -14.9% | first · latest · 3 filings carry it |
| Total assets Assets | balance at 2024-03-31 | $42.1B 10-Q 2024-05-03 | $47.9B 10-Q/A 2024-08-12 | +13.8% | first · latest |
| Total assets Assets | balance at 2023-12-31 | $35.3B 10-K 2024-02-20 | $39.7B 10-K 2026-02-19 | +12.5% | first · latest · 8 filings carry it |
| Long-term debt LongTermDebt | balance at 2023-12-31 | $24.1B 10-K 2024-02-20 | $27B 10-K/A 2024-08-12 | +11.8% | first · latest |
| Long-term debt LongTermDebt | balance at 2024-03-31 | $29.7B 10-Q 2024-05-03 | $32.7B 10-Q/A 2024-08-12 | +10.2% | first · latest |
| Total liabilities Liabilities | balance at 2023-03-31 | $24.9B 10-Q 2023-05-05 | $26.9B 10-K/A 2024-08-12 | +8.4% | first · latest |
| Total liabilities Liabilities | balance at 2022-12-31 | $25.5B 10-K 2023-02-17 | $27.6B 10-K 2025-02-18 | +8.3% | first · latest · 7 filings carry it |
| Total liabilities Liabilities | balance at 2023-06-30 | $26.7B 10-Q 2023-08-04 | $28.8B 10-K/A 2024-08-12 | +8.0% | first · latest |
| Total liabilities Liabilities | balance at 2023-09-30 | $27.5B 10-Q 2023-11-01 | $29.5B 10-K/A 2024-08-12 | +7.4% | first · latest |
| Total liabilities Liabilities | balance at 2022-06-30 | $27.5B 10-Q 2022-08-05 | $29.4B 10-K/A 2024-08-12 | +6.9% | first · latest |
| Total liabilities Liabilities | balance at 2022-09-30 | $28.3B 10-Q 2022-11-03 | $30.2B 10-K/A 2024-08-12 | +6.9% | first · latest |
| Total assets Assets | balance at 2023-03-31 | $31.8B 10-Q 2023-05-05 | $33.9B 10-K/A 2024-08-12 | +6.5% | first · latest |
| Total assets Assets | balance at 2022-12-31 | $32.5B 10-K 2023-02-17 | $34.6B 10-K 2025-02-18 | +6.5% | first · latest · 7 filings carry it |
| Total assets Assets | balance at 2023-06-30 | $33.9B 10-Q 2023-08-04 | $36B 10-K/A 2024-08-12 | +6.3% | first · latest |
| Total liabilities Liabilities | balance at 2022-03-31 | $30.7B 10-Q 2022-05-06 | $32.5B 10-K/A 2024-08-12 | +6.0% | first · latest |
| Total assets Assets | balance at 2023-09-30 | $34.7B 10-Q 2023-11-01 | $36.8B 10-K/A 2024-08-12 | +5.9% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2023-03-31 | $1.18B 10-Q 2023-05-05 | $1.25B 10-Q/A 2024-08-12 | +5.7% | first · latest · 4 filings carry it |
| Total assets Assets | balance at 2022-09-30 | $35.3B 10-Q 2022-11-03 | $37.3B 10-K/A 2024-08-12 | +5.5% | first · latest |
| Total assets Assets | balance at 2022-06-30 | $34.6B 10-Q 2022-08-05 | $36.5B 10-K/A 2024-08-12 | +5.5% | first · latest |
| Total assets Assets | balance at 2022-03-31 | $37.9B 10-Q 2022-05-06 | $39.7B 10-K/A 2024-08-12 | +4.8% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for RITM yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.