RC

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Ready Capital Corp.

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Key Metrics

Previous Close: $1.76
52-Week Range: $1.39 – $4.47
Market Cap: $314.47M
P/E (TTM): —
EPS (TTM): -3.43
Dividend Yield: 2.27%

Advanced Metrics

Price/Book: 0.28
PEG Ratio: 2.74
Return on Equity: -33.45%
Return on Assets: -7.05%
Gross Margin: 0.00%
Operating Margin: 349.97%
Profit Margin: 0.00%
Current Ratio: 6.46
Debt/Equity: 3.51
Total Debt: $4.74B
Free Cash Flow: —
Revenue Growth: —
Earnings Growth: —
Enterprise Value: $5.13B

RC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$383.33M	$397.85M	$49.33M	-$23.70M
Selling, General & Admin	$87.86M	$96.27M	$98.74M	$108.74M
Pretax Income	$175.03M	$358.42M	-$516.51M	-$302.56M
Income Tax	$15.47M	$7.17M	-$104.51M	-$86.70M
Net Income	$194.26M	$339.45M	-$435.75M	-$228.91M
Diluted EPS	1.66	2.22	-2.63	-1.44
Diluted Shares	117.19M	148.57M	170.47M	167.26M

RC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$147.40M	$139.20M	$143.80M	$207.84M
Receivables	$67.75M	$249.05M	$247.62M	$229.99M
Total Assets	$11.62B	$12.44B	$10.14B	$7.77B
Long-Term Debt	$6.34B	$7.09B	$5.70B	$3.13B
Total Debt	$6.68B	$7.24B	$6.04B	$3.52B
Total Liabilities	$9.73B	$9.80B	$8.21B	$6.13B
Retained Earnings	$4.99M	$124.41M	-$505.09M	-$807.52M
Shareholders' Equity	$1.79B	$2.54B	$1.84B	$1.54B
Net Debt	$6.53B	$7.10B	$5.87B	$3.31B

RC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$359.15M	$51.13M	$274.81M	$432.12M
Free Cash Flow	$359.15M	$51.13M	$274.81M	$432.12M
Depreciation & Amortisation	—	$0.00	$0.00	$2.81M
Stock-Based Compensation	$7.50M	$7.55M	$8.12M	$5.81M
Investing Cash Flow	-$1.56B	$1.02B	$1.54B	$1.64B
Financing Cash Flow	$1.17B	-$1.09B	-$1.88B	-$2.04B
Dividends Paid	-$187.83M	-$215.09M	-$206.06M	-$113.32M
Share Repurchases	-$36.97M	-$18.11M	-$82.25M	-$67.60M
Net Change in Cash	-$26.30M	-$14.51M	-$69.95M	$36.97M

RC Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	-$74.10M	-$6.29M	$43.77M	$12.91M	-$80.85M
Selling, General & Admin	$25.67M	$30.10M	$25.57M	$29.73M	$28.95M
Pretax Income	$77.20M	-$88.69M	-$26.88M	-$264.19M	-$216.76M
Income Tax	-$5.21M	-$39.94M	-$9.94M	-$31.62M	-$16.67M
Net Income	$79.50M	-$55.49M	-$18.75M	-$234.18M	-$201.73M
Diluted EPS	0.46	-0.34	-0.13	-1.46	-1.25
Diluted Shares	167.72M	170.67M	165.87M	164.45M	167.65M

RC Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$205.93M	$162.94M	$147.51M	$207.84M	$201.23M
Receivables	$252.94M	$303.41M	$322.64M	$229.99M	$188.45M
Total Assets	$9.98B	$9.31B	$8.33B	$7.77B	$6.31B
Long-Term Debt	$4.83B	$3.63B	$3.35B	$3.13B	$2.35B
Total Debt	$5.13B	$4.01B	$3.78B	$3.52B	$2.71B
Total Liabilities	$7.94B	$7.38B	$6.46B	$6.13B	$4.87B
Retained Earnings	-$450.28M	-$528.52M	-$569.71M	-$807.52M	-$1.01B
Shareholders' Equity	$1.94B	$1.83B	$1.77B	$1.54B	$1.34B
Net Debt	$4.91B	$3.84B	$3.62B	$3.31B	$2.50B

RC Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$108.47M	-$100.27M	$434.68M	-$10.76M	$590.19M
Free Cash Flow	$108.47M	-$100.27M	$434.68M	-$10.76M	$590.19M
Depreciation & Amortisation	$0.00	—	—	$1.71M	$1.58M
Stock-Based Compensation	$1.78M	$1.63M	$1.59M	$797.00K	$1.63M
Investing Cash Flow	$307.27M	$481.75M	$493.45M	$360.07M	$668.94M
Financing Cash Flow	-$296.24M	-$486.75M	-$960.43M	-$294.27M	-$1.27B
Dividends Paid	-$44.04M	-$23.84M	-$22.83M	-$22.60M	-$3.63M
Share Repurchases	-$17.41M	-$37.75M	-$10.57M	-$1.88M	$0.00
Net Change in Cash	$60.75M	-$50.83M	-$27.99M	$55.04M	-$8.33M

Market Snapshot

About

Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances, and services small to medium balance commercial loans. The company operates as a mortgage REIT focusing on the Freddie Mac small balance loan market, SBA lending, and bridge loans secured by commercial real estate. Ready Capital provides financing solutions primarily to small and middle-market businesses across the United States.