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RCReady Capital Corporation
$1.75$289M
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RC logoReady Capital Corporation(RC)Earnings, Financials & Key Ratios

RC•NYSE•REIT / Real Estate
Price updated Jun 19, 2026
SectorReal EstateIndustryMortgage REITsSub-IndustrySmall-balance bridge and hard-money lenders
AboutReady Capital Corporation operates as a real estate finance company in the United States. The company acquires, originates, manages, services, and finances small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking. The SBC Lending and Acquisitions segment, through its subsidiary, ReadyCap Commercial, LLC, originate SBC loans secured by stabilized or transitional investor properties using various loan origination channels. The Small Business Lending segment, through its subsidiary, ReadyCap Lending, LLC, acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program. The Residential Mortgage Banking segment, through its subsidiary, GMFS, LLC, originates residential mortgage loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.Show more
  • Revenue$499M+1726.0%
  • FFO-$226M+45.6%
  • FFO/Share-1.35+44.6%
  • FFO Payout0%
  • FFO per Share-1.35+44.6%
  • NOI Margin87.67%-12.3%
  • FFO Margin-45.27%+97.0%
  • ROE-12.76%+32.9%
  • ROA-2.56%+33.8%

RC Key Insights

Ready Capital Corporation (RC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓High NOI margin of 87.7%
  • ✓Trading at only 0.2x book value

✗Weaknesses

  • ✗High debt to equity ratio of 3.5x
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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RC Price & Volume

Ready Capital Corporation (RC) stock price & volume — 10-year historical chart

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RC Growth Metrics

Ready Capital Corporation (RC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years24.03%
5 Years5.36%
3 Years9.22%
TTM751.95%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-80.93%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-82.58%

Return on Capital

10 Years-1.31%
5 Years1.38%
3 Years1.38%
Last Year1.38%

RC Recent Earnings

Ready Capital Corporation (RC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.33-117.1%
$0.15
Rev
$63M-191.9%
$69M
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$0.09+18.2%
$0.11
Rev
$14M-116.8%
$84M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.94-291.7%
$0.24
Rev
$85M+17.0%
$73M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$0.14-1300.0%
$0.01
Rev
$182M+7.5%
$169M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.33vs $0.15-117.1%
$63Mvs $69M-191.9%
Q1 2026Feb 26, 2026
$0.09vs $0.11+18.2%
$14Mvs $84M-116.8%
Q4 2025Nov 6, 2025
$0.94vs $0.24-291.7%
$85Mvs $73M+17.0%
Q3 2025Aug 7, 2025
$0.14vs $0.01-1300.0%
$182Mvs $169M+7.5%
Based on last 12 quarters of dataView full earnings history →

RC Peer Comparison

Ready Capital Corporation (RC) competitors in Small-balance bridge and hard-money lenders — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ACRE logoACREAres Commercial Real Estate CorporationDirect Competitor256.32M4.62-281.71-2.79%-24.91%-3.88%2.06
BXMT logoBXMTBlackstone Mortgage Trust, Inc.Direct Competitor3.05B18.0928.27-13.96%6.75%2.93%4.61
TRTX logoTRTXTPG RE Finance Trust, Inc.Direct Competitor664.85M8.6015.09123.25%23.2%5.7%3.08
GPMT logoGPMTGranite Point Mortgage Trust Inc.Direct Competitor63.25M1.32-1.14187.77%-30.49%-7.1%2.12
KREF logoKREFKKR Real Estate Finance Trust Inc.Direct Competitor453.96M7.06-6.72-22.72%-23.56%-8.4%3.83
BRSP logoBRSPBrightSpire Capital, Inc.Direct Competitor721.74M5.54-21.31-4.5%-9.47%-3.34%2.68
LADR logoLADRLadder Capital CorpProduct Competitor1.3B10.2020-23.26%16.52%4.29%2.37
ARI logoARIApollo Commercial Real Estate Finance, Inc.Product Competitor1.44B10.8313.371.28%17.9%6.88%4.27

Compare RC vs Peers

Ready Capital Corporation (RC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ACRE

Most directly comparable listed peer for RC.

Scale Benchmark

vs CBRE

Larger-name benchmark to compare RC against a more recognizable public peer.

Peer Set

Compare Top 5

vs ACRE, BXMT, TRTX, GPMT

RC Income Statement

Ready Capital Corporation (RC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue
152.82M158.26M197.87M384.65M296.34M383.33M389.94M27.35M499.47M175.49M
Revenue Growth %
22.31%3.56%25.03%94.39%-22.96%29.36%1.72%-92.98%1725.96%751.95%
Property Operating Expenses
77.01M28.75M00000061.61M330.68M
Net Operating Income (NOI)
75.81M▲ 0%
129.52M▲ 70.8%
197.87M▲ 52.8%
384.65M▲ 94.4%
296.34M▼ 23.0%
383.33M▲ 29.4%
389.94M▲ 1.7%
27.35M▼ 93.0%
437.87M▲ 1500.7%
-176.17M▲ 0%
NOI Margin %
49.61%81.84%100%100%100%100%100%100%87.67%-100.39%
Operating Expenses
86.19M121.49M197.87M384.65M296.34M383.33M389.94M27.35M316.91M325.25M
G&A Expenses
65.21M65.52M61.11M102.31M71.74M87.86M96.27M98.74M30.84M59.68M
EBITDA
180.38M134.13M000000123.77M-465.68M
EBITDA Margin %
118.04%84.75%0%0%0%0%0%0%24.78%-265.35%
Depreciation & Amortization
232.21M255.62M0000002.81M14.76M
D&A / Revenue %
151.95%161.52%0%0%0%0%0%0%0.56%8.41%
Operating Income
-51.83M▲ 0%
-121.49M▼ 134.4%
0▲ 100.0%
0▲ 0%
0▲ 0%
0▲ 0%
0▲ 0%
0▲ 0%
120.96M▲ 0%
-480.44M▲ 0%
Operating Margin %
-33.92%-76.77%0%0%0%0%0%0%24.22%-273.76%
Interest Expense
74.65M109.24M151.88M175.48M213.56M400.77M716.47M696.46M514.13M3M
Interest Coverage
-0.33x0.47x------0.41x-
Non-Operating Income
70.7M39.74M000000-90.61M-96.32M
Pretax Income
47.65M▲ 0%
62.84M▲ 31.9%
64.5M▲ 2.6%
54.45M▼ 15.6%
132.16M▲ 142.7%
175.03M▲ 32.4%
358.42M▲ 104.8%
-516.51M▼ 244.1%
-302.56M▲ 41.4%
-596.52M▲ 0%
Pretax Margin %
31.18%39.71%32.6%14.16%44.6%45.66%91.92%-1888.25%-60.58%-339.91%
Income Tax
1.84M1.39M-10.55M8.38M14.86M15.47M7.17M-104.51M-86.7M-98.17M
Effective Tax Rate %
3.86%2.21%-16.36%15.4%11.24%8.84%2%20.23%28.66%16.46%
Net Income
43.29M▲ 0%
59.26M▲ 36.9%
72.97M▲ 23.1%
44.87M▼ 38.5%
157.74M▲ 251.6%
194.26M▲ 23.2%
339.45M▲ 74.7%
-435.75M▼ 228.4%
-228.91M▲ 47.5%
-510.15M▲ 0%
Net Margin %
28.33%37.44%36.88%11.67%53.23%50.68%87.05%-1593.02%-45.83%-290.69%
Net Income Growth %
-11.96%36.89%23.14%-38.51%251.56%23.15%74.74%-228.37%47.47%-80.93%
Funds From Operations (FFO)
275.5M▲ 0%
314.88M▲ 14.3%
79.22M▼ 74.8%
44.87M▼ 43.4%
173.75M▲ 287.2%
219.33M▲ 26.2%
359.68M▲ 64.0%
-415.98M▼ 215.7%
-226.1M▲ 45.6%
-467.15M▲ 0%
FFO Margin %
180.28%198.96%40.04%11.67%58.63%57.22%92.24%-1520.73%-45.27%-266.19%
FFO Growth %
73.41%14.29%-74.84%--26.23%63.99%-215.65%45.65%-1375.37%
FFO per Share
8.789.811.880.832.531.872.42-2.44-1.35-2.79
FFO Payout Ratio %
17.52%16.3%79.94%126.78%64.42%85.64%59.8%0%0%-10.5%
EPS (Diluted)
1.38▲ 0%
1.85▲ 34.1%
1.72▼ 7.0%
0.81▼ 52.9%
1.54▲ 90.1%
1.51▼ 1.9%
2.23▲ 47.7%
-2.63▼ 217.9%
-1.44▲ 45.2%
-3.04▲ 0%
EPS Growth %
-25.41%34.06%-7.03%-52.91%90.12%-1.95%47.68%-217.94%45.25%-82.58%
EPS (Basic)
1.381.851.720.812.171.322.26-2.63-1.44-
Diluted Shares Outstanding
31.37M32.1M42.05M53.82M68.66M117.19M148.57M170.47M167.26M167.65M

RC Balance Sheet

Ready Capital Corporation (RC) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets
2.52B3.04B4.98B5.37B9.53B11.62B12.44B10.14B7.77B6.31B
Asset Growth %
-3.14%20.34%63.89%7.94%77.47%21.89%7.06%-18.48%-23.39%-106.99%
Real Estate & Other Assets
875.16M1.26B-31.8M-36.59M49.58M136.27M-6.13B-510.69M-2.4B-413.61M
PP&E (Net)
1.36B24M4.53M3.17M2.4M1.69M2.54M7.36M00
Investment Securities
1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Total Current Assets
81.58M1.49B111.19M41.13M237.4M289.93M272.89M0207.84M200.43M
Cash & Equivalents
63.42M54.41M67.93M138.97M229.53M163.04M138.53M143.8M247.59M200.43M
Receivables
1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets
01.41B70.55M0-21.58M-10.19B123.26M-391.42M-135.92M-127.87M
Intangible Assets
94.04M120.06M130.28M121.65M219.44M102.57M120.59M165.45M164.45M161.11M
Total Liabilities
1.97B2.47B4.13B4.54B8.25B9.72B9.79B8.21B6.12B4.87B
Total Debt
1.78B2.31B3.93B4.12B7.92B9.34B7.24B6.04B5.86B4.62B
Net Debt
1.71B2.25B3.86B3.98B6.74B9.03B7.11B5.89B5.62B4.42B
Long-Term Debt
1.78B1.82B2.74B3.12B5.81B8.34B7.09B5.7B5.67B4.49B
Short-Term Borrowings
101.1M88.39M380.2M999.47M2.11B996.56M149.92M317.05M200.13M122.44M
Capital Lease Obligations
004.62M3.67M3M1.78M8.21M17.81M8.56M34.1M
Total Current Liabilities
86.92M86.86M411.65M569.96M655.96M457.75M345.13M0200.13M122.44M
Accounts Payable
15.98M24.83M31.45M27.01M41.38M47.95M41.62M53.33M59.69M52.08M
Deferred Revenue
-18.22M-48.69M4.13B10.7M286K9.72B-32.98M000
Other Liabilities
86.95M344.67M-2.76B02.51B-6.38B11.27M-5.72B237.99M243.12M
Total Equity
555.47M▲ 0%
564.08M▲ 1.5%
844.78M▲ 49.8%
834.21M▼ 1.3%
1.28B▲ 53.5%
1.9B▲ 48.3%
2.65B▲ 39.4%
1.94B▼ 26.9%
1.65B▼ 14.7%
1.45B▲ 0%
Equity Growth %
0.61%1.55%49.76%-1.25%53.51%48.26%39.41%-26.86%-14.68%-82.72%
Shareholders Equity
536.07M544.83M825.41M815.4M1.28B1.8B2.55B1.84B1.55B1.35B
Minority Interest
19.39M19.24M19.37M18.81M4.49M99.15M98.46M97.7M99.23M100.81M
Common Stock
3K3K5K5K8K11K17K17K17K17K
Additional Paid-in Capital
539.46M540.48M822.84M849.54M1.16B1.68B2.32B2.25B2.26B2.27B
Retained Earnings
-3.38M5.27M8.75M-24.2M8.6M4.99M124.41M-505.09M-807.52M-1.01B
Preferred Stock
05.27M00111.38M119.74M119.74M111.38M119.74M119.74M
Return on Assets (ROA)
1.69%2.13%1.82%0.87%2.12%1.84%2.82%-3.86%-2.56%-6.43%
Return on Equity (ROE)
7.82%10.59%10.36%5.34%14.92%12.22%14.94%-19.02%-12.76%-29.57%
Debt / Assets
70.36%75.96%78.97%76.71%83.06%80.35%58.23%59.51%75.46%73.21%
Debt / Equity
3.20x4.09x4.65x4.94x6.18x4.92x2.74x3.12x3.55x3.19x
Net Debt / EBITDA
9.49x16.79x------45.37x-9.50x
Book Value per Share
17.7117.5720.0915.5018.6516.2017.8211.369.878.64

RC Cash Flow Statement

Ready Capital Corporation (RC) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
352.49M140.3M-52.4M68.89M-34.44M359.15M33.07M-51.22M-203.48M873.42M
Operating CF Growth %
2287.65%-60.2%-137.35%231.48%-149.99%1142.79%-90.79%-254.89%-297.27%120392.9%
Operating CF / Revenue %
230.66%88.65%-26.48%17.91%-11.62%93.69%8.48%-187.25%-40.74%497.69%
Net Income
45.81M61.46M75.06M46.07M159.97M203.16M341M-418.49M-224.38M-510.15M
Depreciation & Amortization
14.53M15.47M6.25M016.01M25.07M20.23M19.77M51.77M-3.92M
Stock-Based Compensation
290K447K1.48M5.3M6.92M7.5M0007.44M
Other Non-Cash Items
379.79M171.49M-113.75M-53.25M-184.09M176.78M-195.18M482.28M125.05M1.47B
Working Capital Changes
20.28M-12.58M-15.17M70.78M-17.25M-28.29M-132.97M-134.79M-155.93M-104.52M
Cash from Investing
-242.23M-580.76M-1.21B-59.44M-1.72B-1.56B1.04B1.86B2.28B2.04B
Acquisitions (Net)
020.88M-5M0-11.54M123.71M38.71M-44.37M16.02M-16.02M
Purchase of Investments
-54.32M362K-26.66M-37.92M-59.71M-128.24M-37.79M-34.65M-30.29M5.03M
Sale of Investments
436.44M799.06M15.58M12.49M2.02B214.22M93.63M80.83M105.8M-4.23M
Other Investing
-624.36M-1.4B-1.2B-34.01M41.75M-1.77B942.95M1.86B2.19B2.06B
Cash from Financing
-106.4M444.48M1.3B63.05M1.88B1.17B-1.09B-1.88B-2.04B-2.95B
Dividends Paid
-48.26M-51.32M-63.33M-56.88M-111.92M-187.83M-215.09M-206.06M-113.32M-72.9M
Common Dividends
-48.26M-51.32M-63.33M-56.88M-111.92M-187.83M000-49.06M
Debt Issuance (Net)
-1000K1000K1000K1000K1000K1000K-1000K-1000K-1000K-2M
Share Repurchases
0-103K0-9.23M-98.24M-36.97M-18.11M-82.25M-67.6M-50.21M
Other Financing
-56K63.56M-29.39M-14.47M-63.4M-166.26M35.27M-41.89M-6.43M-1.8B
Net Change in Cash
3.86M▲ 0%
4.02M▲ 4.1%
33.01M▲ 722.0%
72.5M▲ 119.6%
122.85M▲ 69.4%
-26.3M▼ 121.4%
-50.37M▼ 91.5%
5.77M▲ 111.5%
73.22M▲ 1169.5%
-6.54M▲ 0%
Exchange Rate Effect
000000-35.86M75.72M36.26M25.57M
Cash at Beginning
59.57M90.95M94.97M127.98M200.48M323.33M218.97M168.59M174.36M249.53M
Cash at End
63.42M94.97M127.98M200.48M323.33M297.03M168.59M174.36M247.59M241.2M
Free Cash Flow
352.49M▲ 0%
139.94M▼ 60.3%
-53.29M▼ 138.1%
68.89M▲ 229.3%
-3.74B▼ 5527.6%
359.15M▲ 109.6%
33.07M▼ 90.8%
-51.22M▼ 254.9%
-203.48M▼ 297.3%
873.42M▲ 0%
FCF Growth %
336.76%-60.3%-138.08%229.28%-5527.62%109.6%-90.79%-254.89%-297.27%13755.66%
FCF / Revenue %
230.66%88.42%-26.93%17.91%-1261.83%93.69%8.48%-187.25%-40.74%497.69%

RC Key Ratios

Ready Capital Corporation (RC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
FFO per Share
8.789.811.880.832.531.872.42-2.44-1.35-2.79
FFO Payout Ratio
17.52%16.3%79.94%126.78%64.42%85.64%59.8%0%0%-10.5%
NOI Margin
49.61%81.84%100%100%100%100%100%100%87.67%-100.39%
Net Debt / EBITDA
9.49x16.79x------45.37x-9.50x
Debt / Assets
70.36%75.96%78.97%76.71%83.06%80.35%58.23%59.51%75.46%73.21%
Interest Coverage
-0.33x0.47x------0.41x-
Book Value / Share
17.7117.5720.0915.518.6516.217.8211.369.878.64
Revenue Growth
22.31%3.56%25.03%94.39%-22.96%29.36%1.72%-92.98%1725.96%751.95%
Related:RC Dividend History·RC Revenue History·RC Price History·RC P/E History·RC Financial Ratios·RC Institutional Holders

RC SEC Filings & Documents

Ready Capital Corporation (RC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

Mar 24, 2026·SEC

Material company update

Feb 26, 2026·SEC

10-K Annual Reports

4
FY 2026

Mar 2, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 8, 2026·SEC

FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 8, 2025·SEC

RC Frequently Asked Questions

Ready Capital Corporation (RC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Ready Capital Corporation (RC) reported $175.5M in revenue for fiscal year 2025. This represents a 618% increase from $24.4M in 2012.

Ready Capital Corporation (RC) grew revenue by 1726.0% over the past year. This is strong growth.

Ready Capital Corporation (RC) reported a net loss of $510.1M for fiscal year 2025.

Dividend & Returns

Yes, Ready Capital Corporation (RC) pays a dividend with a yield of 38.71%. This makes it attractive for income-focused investors.

Ready Capital Corporation (RC) has a return on equity (ROE) of -12.8%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Ready Capital Corporation (RC) generated Funds From Operations (FFO) of $-467.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Ready Capital Corporation (RC) offers a 38.71% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in RC back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

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How much would $100/month in RC be worth today?

Dollar cost averaging calculator · DCA vs lump sum

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