8-K Announcements
6Mar 24, 2026·SEC
Feb 26, 2026·SEC
Nov 6, 2025·SEC
Ready Capital Corporation (RC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Ready Capital Corporation (RC) stock price & volume — 10-year historical chart
Ready Capital Corporation (RC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Ready Capital Corporation (RC) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.09vs $0.11+18.2% | $14Mvs $84M-116.8% |
| Q4 2025 | Nov 6, 2025 | $0.94vs $0.24-291.7% | $85Mvs $73M+17.0% |
| Q3 2025 | Aug 7, 2025 | $0.14vs $0.01-1300.0% | $182Mvs $169M+7.5% |
| Q2 2025 | May 8, 2025 | $0.09vs $0.12-175.0% | $74Mvs $207M-135.7% |
Ready Capital Corporation (RC) competitors in Small-balance bridge and hard-money lenders — business model, growth, and fundamentals comparison
Ready Capital Corporation (RC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Ready Capital Corporation (RC) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 124.94M | 152.82M | 158.26M | 197.87M | 384.65M | 296.34M | 383.33M | 389.94M | 27.35M | -9.25M |
| Revenue Growth % | 115.49% | 22.31% | 3.56% | 25.03% | 94.39% | -22.96% | 29.36% | 1.72% | -92.98% | -131.52% |
| Property Operating Expenses | 65.59M | 77.01M | 28.75M | 0 | 0 | 0 | 0 | 0 | 0 | 20.81M |
| Net Operating Income (NOI) | 59.35M▲ 0% | 75.81M▲ 27.7% | 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% | 134.19M▲ 0% |
| NOI Margin % | 47.5% | 49.61% | 81.84% | 100% | 100% | 100% | 100% | 100% | 100% | -1450.97% |
| Operating Expenses | 71.73M | 86.19M | 121.49M | 197.87M | 384.65M | 296.34M | 383.33M | 389.94M | 27.35M | 65.27M |
| G&A Expenses | 35.77M | 65.21M | 65.52M | 61.11M | 102.31M | 71.74M | 87.86M | 96.27M | 98.74M | 76.91M |
| EBITDA | 109.4M | 180.38M | 134.13M | 0 | 0 | 0 | 0 | 0 | 0 | -95.33M |
| EBITDA Margin % | 87.56% | 118.04% | 84.75% | 0% | 0% | 0% | 0% | 0% | 0% | 1030.82% |
| Depreciation & Amortization | 109.7M | 232.21M | 255.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A / Revenue % | 87.81% | 151.95% | 161.52% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Operating Income | -303K▲ 0% | -51.83M▼ 17005.0% | -121.49M▼ 134.4% | 0▲ 100.0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | -95.33M▲ 0% |
| Operating Margin % | -0.24% | -33.92% | -76.77% | 0% | 0% | 0% | 0% | 0% | 0% | 1030.82% |
| Interest Expense | 0 | 74.65M | 109.24M | 151.88M | 175.48M | 213.56M | 400.77M | 716.47M | 696.46M | 3M |
| Interest Coverage | - | -0.69x | -1.11x | - | - | - | - | - | - | - |
| Non-Operating Income | 55.87M | 70.7M | 39.74M | 0 | 0 | 0 | 0 | 0 | 0 | -95.33M |
| Pretax Income | 65.22M▲ 0% | 47.65M▼ 26.9% | 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% | -353.2M▲ 0% |
| Pretax Margin % | 52.2% | 31.18% | 39.71% | 32.6% | 14.16% | 44.6% | 45.66% | 91.92% | -1888.25% | 3819.25% |
| Income Tax | 9.65M | 1.84M | 1.39M | -10.55M | 8.38M | 14.86M | 15.47M | 7.17M | -104.51M | -72.4M |
| Effective Tax Rate % | 14.8% | 3.86% | 2.21% | -16.36% | 15.4% | 11.24% | 8.84% | 2% | 20.23% | 20.5% |
| Net Income | 49.17M▲ 0% | 43.29M▼ 12.0% | 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% | -310.87M▲ 0% |
| Net Margin % | 39.35% | 28.33% | 37.44% | 36.88% | 11.67% | 53.23% | 50.68% | 87.05% | -1593.02% | 3361.49% |
| Net Income Growth % | 4000.11% | -11.96% | 36.89% | 23.14% | -38.51% | 251.56% | 23.15% | 74.74% | -228.37% | -182.99% |
| Funds From Operations (FFO) | 158.87M▲ 0% | 275.5M▲ 73.4% | 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% | -263.61M▲ 0% |
| FFO Margin % | 127.16% | 180.28% | 198.96% | 40.04% | 11.67% | 58.63% | 57.22% | 92.24% | -1520.73% | 2850.46% |
| FFO Growth % | 48700.63% | 73.41% | 14.29% | -74.84% | - | - | 26.23% | 63.99% | -215.65% | -2738.68% |
| FFO per Share | 5.96 | 8.78 | 9.81 | 1.88 | 0.83 | 2.53 | 1.87 | 2.42 | -2.44 | -1.57 |
| FFO Payout Ratio % | 29.5% | 17.52% | 16.3% | 79.94% | 126.78% | 64.42% | 85.64% | 59.8% | 0% | -8.66% |
| EPS (Diluted) | 1.85▲ 0% | 1.38▼ 25.4% | 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% | -1.85▲ 0% |
| EPS Growth % | 4667.9% | -25.41% | 34.06% | -7.03% | -52.91% | 90.12% | -1.95% | 47.68% | -217.94% | -177.01% |
| EPS (Basic) | 1.85 | 1.38 | 1.85 | 1.72 | 0.81 | 2.17 | 1.32 | 2.26 | -2.63 | - |
| Diluted Shares Outstanding | 26.65M | 31.37M | 32.1M | 42.05M | 53.82M | 68.66M | 117.19M | 148.57M | 170.47M | 167.79M |
Ready Capital Corporation (RC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 2.61B | 2.52B | 3.04B | 4.98B | 5.37B | 9.53B | 11.62B | 12.44B | 10.14B | 8.33B |
| Asset Growth % | 236.1% | -3.14% | 20.34% | 63.89% | 7.94% | 77.47% | 21.89% | 7.06% | -18.48% | -82.54% |
| Real Estate & Other Assets | 1.77B | 875.16M | 1.26B | -31.8M | -36.59M | 49.58M | 136.27M | -6.13B | -510.69M | -521.35M |
| PP&E (Net) | -2.61B | 1.36B | 24M | 4.53M | 3.17M | 2.4M | 1.69M | 2.54M | 7.36M | 3.54M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 399.74M | 81.58M | 1.49B | 111.19M | 41.13M | 237.4M | 289.93M | 272.89M | 0 | 0 |
| Cash & Equivalents | 59.57M | 63.42M | 54.41M | 67.93M | 138.97M | 229.53M | 163.04M | 138.53M | 143.8M | 147.51M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 0 | 1.41B | 70.55M | 0 | -21.58M | -10.19B | 123.26M | -391.42M | -470.15M |
| Intangible Assets | 87.49M | 94.04M | 120.06M | 130.28M | 121.65M | 219.44M | 102.57M | 120.59M | 165.45M | 165.83M |
| Total Liabilities | 2.05B | 1.97B | 2.47B | 4.13B | 4.54B | 8.25B | 9.72B | 9.79B | 8.21B | 6.46B |
| Total Debt | 1.22B | 1.78B | 2.31B | 3.93B | 4.12B | 7.92B | 9.34B | 7.24B | 6.04B | 3.78B |
| Net Debt | 1.16B | 1.71B | 2.25B | 3.86B | 3.98B | 6.74B | 9.03B | 7.11B | 5.89B | 3.63B |
| Long-Term Debt | 1.22B | 1.78B | 1.82B | 2.74B | 3.12B | 5.81B | 8.34B | 7.09B | 5.7B | 3.35B |
| Short-Term Borrowings | 0 | 101.1M | 88.39M | 380.2M | 999.47M | 2.11B | 996.56M | 149.92M | 317.05M | 418.22M |
| Capital Lease Obligations | 0 | 0 | 0 | 4.62M | 3.67M | 3M | 1.78M | 8.21M | 17.81M | 51.56M |
| Total Current Liabilities | 81.71M | 86.92M | 86.86M | 411.65M | 569.96M | 655.96M | 457.75M | 345.13M | 0 | 0 |
| Accounts Payable | 15.34M | 15.98M | 24.83M | 31.45M | 27.01M | 41.38M | 47.95M | 41.62M | 53.33M | 60.93M |
| Deferred Revenue | 107.92M | -18.22M | -48.69M | 4.13B | 10.7M | 286K | 9.72B | -32.98M | 0 | 0 |
| Other Liabilities | -312.75M | 86.95M | 344.67M | -2.76B | 0 | 2.51B | -6.38B | 11.27M | -5.72B | -3.36B |
| Total Equity | 552.1M▲ 0% | 555.47M▲ 0.6% | 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% | 1.88B▲ 0% |
| Equity Growth % | 210.56% | 0.61% | 1.55% | 49.76% | -1.25% | 53.51% | 48.26% | 39.41% | -26.86% | -84.22% |
| Shareholders Equity | 513.1M | 536.07M | 544.83M | 825.41M | 815.4M | 1.28B | 1.8B | 2.55B | 1.84B | 1.77B |
| Minority Interest | 39.01M | 19.39M | 19.24M | 19.37M | 18.81M | 4.49M | 99.15M | 98.46M | 97.7M | 100.53M |
| Common Stock | 3K | 3K | 3K | 5K | 5K | 8K | 11K | 17K | 17K | 17K |
| Additional Paid-in Capital | 513.29M | 539.46M | 540.48M | 822.84M | 849.54M | 1.16B | 1.68B | 2.32B | 2.25B | 2.26B |
| Retained Earnings | -201K | -3.38M | 5.27M | 8.75M | -24.2M | 8.6M | 4.99M | 124.41M | -505.09M | -569.71M |
| Preferred Stock | 0 | 0 | 5.27M | 0 | 0 | 111.38M | 119.74M | 119.74M | 111.38M | 111.38M |
| Return on Assets (ROA) | 2.91% | 1.69% | 2.13% | 1.82% | 0.87% | 2.12% | 1.84% | 2.82% | -3.86% | -3.73% |
| Return on Equity (ROE) | 13.47% | 7.82% | 10.59% | 10.36% | 5.34% | 14.92% | 12.22% | 14.94% | -19.02% | -16.58% |
| Debt / Assets | 46.73% | 70.36% | 75.96% | 78.97% | 76.71% | 83.06% | 80.35% | 58.23% | 59.51% | 45.33% |
| Debt / Equity | 2.21x | 3.20x | 4.09x | 4.65x | 4.94x | 6.18x | 4.92x | 2.74x | 3.12x | 3.12x |
| Net Debt / EBITDA | 10.58x | 9.49x | 16.79x | - | - | - | - | - | - | -38.07x |
| Book Value per Share | 20.72 | 17.71 | 17.57 | 20.09 | 15.50 | 18.65 | 16.20 | 17.82 | 11.36 | 11.18 |
Ready Capital Corporation (RC) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 14.76M | 352.49M | 140.3M | -52.4M | 68.89M | -34.44M | 359.15M | 33.07M | -51.22M | -51.22M |
| Operating CF Growth % | 163.96% | 2287.65% | -60.2% | -137.35% | 231.48% | -149.99% | 1142.79% | -90.79% | -254.89% | 117758.9% |
| Operating CF / Revenue % | 11.82% | 230.66% | 88.65% | -26.48% | 17.91% | -11.62% | 93.69% | 8.48% | -187.25% | 553.85% |
| Net Income | 55.56M | 45.81M | 61.46M | 75.06M | 46.07M | 159.97M | 203.16M | 341M | -418.49M | -310.87M |
| Depreciation & Amortization | 1.48M | 14.53M | 15.47M | 6.25M | 0 | 16.01M | 25.07M | 20.23M | 19.77M | 47.26M |
| Stock-Based Compensation | 0 | 290K | 447K | 1.48M | 5.3M | 6.92M | 7.5M | 0 | 0 | 1.59M |
| Other Non-Cash Items | -16.69M | 379.79M | 171.49M | -113.75M | -53.25M | -184.09M | 176.78M | -195.18M | 482.28M | 718.53M |
| Working Capital Changes | -25.59M | 20.28M | -12.58M | -15.17M | 70.78M | -17.25M | -28.29M | -132.97M | -134.79M | -106.19M |
| Cash from Investing | 384.69M | -242.23M | -580.76M | -1.21B | -59.44M | -1.72B | -1.56B | 1.04B | 1.86B | 1.93B |
| Acquisitions (Net) | 34.93M | 0 | 20.88M | -5M | 0 | -11.54M | 123.71M | 38.71M | -44.37M | 800K |
| Purchase of Investments | -17.39M | -54.32M | 362K | -26.66M | -37.92M | -59.71M | -128.24M | -37.79M | -34.65M | -30.18M |
| Sale of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 3M |
| Other Investing | -2.67M | -624.36M | -1.4B | -1.2B | -34.01M | 41.75M | -1.77B | 942.95M | 1.86B | 1.9B |
| Cash from Financing | -381.46M | -106.4M | 444.48M | 1.3B | 63.05M | 1.88B | 1.17B | -1.09B | -1.88B | -2.35B |
| Dividends Paid | -46.87M | -48.26M | -51.32M | -63.33M | -56.88M | -111.92M | -187.83M | -215.09M | -206.06M | -135.32M |
| Common Dividends | -46.87M | -48.26M | -51.32M | -63.33M | -56.88M | -111.92M | -187.83M | 0 | 0 | -22.83M |
| Debt Issuance (Net) | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -4M |
| Share Repurchases | 0 | 0 | -103K | 0 | -9.23M | -98.24M | -36.97M | -18.11M | -82.25M | -108.8M |
| Other Financing | -1.56M | -56K | 63.56M | -29.39M | -14.47M | -63.4M | -166.26M | 35.27M | -41.89M | -74.37M |
| Net Change in Cash | 18M▲ 0% | 3.86M▼ 78.6% | 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% | -20.93M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 1000K | 3M |
| Cash at Beginning | 41.57M | 59.57M | 90.95M | 94.97M | 127.98M | 200.48M | 323.33M | 218.97M | 168.59M | 222.48M |
| Cash at End | 59.57M | 63.42M | 94.97M | 127.98M | 200.48M | 323.33M | 297.03M | 168.59M | 174.36M | 194.5M |
| Free Cash Flow | 80.71M▲ 0% | 352.49M▲ 336.8% | 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% | 366.24M▲ 0% |
| FCF Growth % | 1013.23% | 336.76% | -60.3% | -138.08% | 229.28% | -5527.62% | 109.6% | -90.79% | -254.89% | 2997.48% |
| FCF / Revenue % | 64.6% | 230.66% | 88.42% | -26.93% | 17.91% | -1261.83% | 93.69% | 8.48% | -187.25% | -3960.22% |
Ready Capital Corporation (RC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 5.96 | 8.78 | 9.81 | 1.88 | 0.83 | 2.53 | 1.87 | 2.42 | -2.44 | -1.57 |
| FFO Payout Ratio | 29.5% | 17.52% | 16.3% | 79.94% | 126.78% | 64.42% | 85.64% | 59.8% | 0% | -8.66% |
| NOI Margin | 47.5% | 49.61% | 81.84% | 100% | 100% | 100% | 100% | 100% | 100% | -1450.97% |
| Net Debt / EBITDA | 10.58x | 9.49x | 16.79x | - | - | - | - | - | - | -38.07x |
| Debt / Assets | 46.73% | 70.36% | 75.96% | 78.97% | 76.71% | 83.06% | 80.35% | 58.23% | 59.51% | 45.33% |
| Interest Coverage | - | -0.69x | -1.11x | - | - | - | - | - | - | - |
| Book Value / Share | 20.72 | 17.71 | 17.57 | 20.09 | 15.5 | 18.65 | 16.2 | 17.82 | 11.36 | 11.18 |
| Revenue Growth | 115.49% | 22.31% | 3.56% | 25.03% | 94.39% | -22.96% | 29.36% | 1.72% | -92.98% | -131.52% |
Ready Capital Corporation (RC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 24, 2026·SEC
Feb 26, 2026·SEC
Nov 6, 2025·SEC
Ready Capital Corporation (RC) stock FAQ — growth, dividends, profitability & financials explained
Ready Capital Corporation (RC) reported $-9.2M in revenue for fiscal year 2024. This represents a 138% decrease from $24.4M in 2012.
Ready Capital Corporation (RC) saw revenue decline by 93.0% over the past year.
Ready Capital Corporation (RC) reported a net loss of $310.9M for fiscal year 2024.
Yes, Ready Capital Corporation (RC) pays a dividend with a yield of 59.25%. This makes it attractive for income-focused investors.
Ready Capital Corporation (RC) has a return on equity (ROE) of -19.0%. Negative ROE indicates the company is unprofitable.
Ready Capital Corporation (RC) generated Funds From Operations (FFO) of $-263.6M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Ready Capital Corporation (RC) offers a 59.25% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Ready Capital Corporation (RC) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates