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RCB logoReady Capital Corporation(RCB)Earnings, Financials & Key Ratios

RCB•NYSE•REIT / Real Estate
$25.34
$4.13B mkt cap·Price updated May 5, 2026
SectorReal EstateIndustryMortgage REITsSub-IndustrySmall-balance bridge and hard-money lenders
AboutReady Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. It operates through the following segments: SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. The SBC Lending and Acquisitions segment is involved in the SBC loans across the full life-cycle of an SBC property including construction, bridge, stabilized, and agency loan origination channels through wholly-owned subsidiary, ReadyCap Commercial, LLC. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program through wholly-owned subsidiary, ReadyCap Lending, LLC. The Residential Mortgage Banking segment focuses on the residential mortgage loan origination segment through wholly-owned subsidiary, GMFS, LLC. The company was founded in November 2011 and is headquartered in New York, NY.Show more
  • Revenue$907M+112.6%
  • FFO-$424M-217.9%
  • FFO/Share-2.51-203.6%
  • FFO Payout0%-100.0%
  • FFO per Share-2.51-203.6%
  • NOI Margin88.06%+13.4%
  • FFO Margin-46.74%-155.4%
  • ROE-19.37%-229.7%
  • ROA-3.93%-239.3%
  • Debt/Assets4.32%-94.1%
  • Book Value/Share11.45-35.7%
Technical→

RCB Key Insights

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

✓Strengths

  • ✓High NOI margin of 88.1%
  • ✓Healthy dividend yield of 4.8%
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Weak 3Y average ROE of 2.4%
  • ✗FFO declining 35.2% TTM
  • ✗Shares diluted 13.8% in last year

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

RCB Price & Volume

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

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RCB Growth Metrics

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

Revenue CAGR

10 Years28.34%
5 Years18.34%
3 Years9.13%
TTM-48.98%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-35.27%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM371.06%

Return on Capital

10 Years2.08%
5 Years2.75%
3 Years1.26%
Last Year-3.8%

RCB Recent Earnings

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

Full history →
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 5/12 qtrs (42%)
Q1 2026Latest
Feb 26, 2026
EPS
$0.43
Est $0.14
-210.4%
Revenue
$14M
Est $84M
-116.8%
Q4 2025
Nov 6, 2025
EPS
$0.11
Est $0.24
+53.4%
Revenue
$623,000
Est $73M
-100.9%
Q3 2025
Aug 7, 2025
EPS
$0.14
Est $0.01
-1300.0%
Revenue
$182M
Est $169M
+7.5%
Q2 2025
May 8, 2025
EPS
$0.09
Est $0.12
-175.0%
Revenue
$74M
Est $207M
-135.7%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 26, 2026
$0.43vs $0.14-210.4%
$14Mvs $84M-116.8%
Q4 2025Nov 6, 2025
$0.11vs $0.24+53.4%
$623,000vs $73M-100.9%
Q3 2025Aug 7, 2025
$0.14vs $0.01-1300.0%
$182Mvs $169M+7.5%
Q2 2025May 8, 2025
$0.09vs $0.12-175.0%
$74Mvs $207M-135.7%
Based on last 12 quarters of dataView full earnings history →

RCB Peer Comparison

Ready Capital Corporation (RCB) 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
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ACRE logoACREAres Commercial Real Estate CorporationDirect Competitor286.14M5.20-317.07-2.79%-1.6%-0.18%7.46%2.06
BXMT logoBXMTBlackstone Mortgage Trust, Inc.Direct Competitor3.23B19.1229.88-13.96%6.75%2.93%8.55%4.61
TRTX logoTRTXTPG RE Finance Trust, Inc.Direct Competitor660.99M8.5515123.25%23.2%5.7%13.67%3.08
GPMT logoGPMTGranite Point Mortgage Trust Inc.Direct Competitor66.11M1.39-1.20187.77%-30.37%-7.14%4.03%2.12
KREF logoKREFKKR Real Estate Finance Trust Inc.Direct Competitor419.24M6.52-6.21-22.72%-23.56%-8.4%15.91%3.83
BRSP logoBRSPBrightSpire Capital, Inc.Direct Competitor768.64M5.90-22.69-4.5%-9.47%-3.34%9.5%2.68
FBRT logoFBRTFranklin BSP Realty Trust, Inc.Direct Competitor701.9M9.1214.25-100%17.89%4.73%41.59%2.78
LADR logoLADRLadder Capital CorpProduct Competitor1.31B10.2620.12-23.26%16.52%4.29%6.67%2.37

Compare RCB vs Peers

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

Closest Rival

vs ACRE

Most directly comparable listed peer for RCB.

Scale Benchmark

vs CBRE

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

Peer Set

Compare Top 5

vs ACRE, BXMT, TRTX, GPMT

RCB Income Statement

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

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Revenue176.99M280.19M306.76M390.81M635M697.97M404.04M426.58M907.04M240.25M
Revenue Growth %4.92%58.31%9.48%27.4%62.48%9.92%-42.11%5.58%112.63%-48.98%
Property Operating Expenses22.4M72.22M61.36M96.79M194.88M162.04M104.99M95.28M108.27M110.99M
Net Operating Income (NOI)
154.59M▲ 0%
207.97M▲ 34.5%
245.4M▲ 18.0%
294.02M▲ 19.8%
440.12M▲ 49.7%
535.94M▲ 21.8%
299.05M▼ 44.2%
331.3M▲ 10.8%
798.77M▲ 141.1%
364.66M▲ 0%
NOI Margin %87.35%74.22%80%75.23%69.31%76.78%74.01%77.67%88.06%151.78%
Operating Expenses62.99M159.87M148.99M164.3M137.63M105.35M131.11M162.55M159.14M12.91M
G&A Expenses0000130.91M100.2M124.95M34.74M26.89M95.24M
EBITDA115.36M236.85M260.68M178.95M237.92M427.15M25.71M899.56M-392.23M-418.34M
EBITDA Margin %65.18%84.53%84.98%45.79%37.47%61.2%6.36%210.88%-43.24%-174.12%
Depreciation & Amortization109.7M232.21M255.62M172.7M10.83M16.01M25.07M20.23M19.77M11.81M
D&A / Revenue %61.98%82.88%83.33%44.19%1.71%2.29%6.2%4.74%2.18%4.92%
Operating Income
5.66M▲ 0%
4.64M▼ 18.0%
5.06M▲ 9.0%
6.25M▲ 23.5%
227.09M▲ 3532.8%
411.14M▲ 81.1%
644.83K▼ 99.8%
879.33M▲ 136266.8%
-412M▼ 146.9%
-430.15M▲ 0%
Operating Margin %3.2%1.66%1.65%1.6%35.76%58.91%0.16%206.14%-45.42%-179.04%
Interest Expense000151.88M175.48K0403.7K716.47M-696.46M0
Interest Coverage---0.04x1294.08x-1.60x1.23x--
Non-Operating Income31.12M-43.34M-46.08M-193.89M0-232.52M000-80.59M
Pretax Income
138.54M▲ 0%
129.63M▼ 6.4%
167.14M▲ 28.9%
228.04M▲ 36.4%
54.45M▼ 76.1%
189.06M▲ 247.2%
175.03M▼ 7.4%
358.42M▲ 104.8%
-516.51M▼ 244.1%
-353.2M▲ 0%
Pretax Margin %78.27%46.27%54.49%58.35%8.58%27.09%43.32%84.02%-56.94%-147.01%
Income Tax132.88M124.99M162.08M221.79M8.38M29.08M29.73K7.17M-104.51M-72.4M
Effective Tax Rate %95.91%96.42%96.97%97.26%15.4%15.38%0.02%2%20.23%20.5%
Net Income
65.22M▲ 0%
47.65M▼ 26.9%
62.84M▲ 31.9%
64.5M▲ 2.6%
54.45K▼ 99.9%
148.65M▲ 272889.6%
184.7M▲ 24.3%
339.45M▲ 83.8%
-443.75M▼ 230.7%
-151.91M▲ 0%
Net Margin %36.85%17.01%20.49%16.51%0.01%21.3%45.71%79.58%-48.92%-63.23%
Net Income Growth %55.15%-26.93%31.88%2.64%-99.92%272889.55%24.25%83.78%-230.73%-35.27%
Funds From Operations (FFO)
174.92M▲ 0%
279.87M▲ 60.0%
318.46M▲ 13.8%
237.21M▼ 25.5%
10.88M▼ 95.4%
164.66M▲ 1412.8%
209.77M▲ 27.4%
359.68M▲ 71.5%
-423.98M▼ 217.9%
-115.88M▲ 0%
FFO Margin %98.83%99.88%103.81%60.7%1.71%23.59%51.92%84.32%-46.74%-48.23%
FFO Growth %3409.74%60%13.79%-25.52%-95.41%1412.8%27.4%71.46%-217.88%-1312.79%
FFO per Share6.388.739.914.820.202.401.792.42-2.51-0.69
FFO Payout Ratio %26.8%17.24%16.11%26.7%522.63%67.97%89.54%59.8%0%-19.7%
EPS (Diluted)
2.38▲ 0%
1.49▼ 37.4%
1.96▲ 31.5%
1.31▼ 33.2%
0.81▼ 38.2%
1.54▲ 90.1%
1.51▼ 1.9%
2.24▲ 48.3%
-2.60▼ 216.1%
-0.91▲ 0%
EPS Growth %43.37%-37.4%31.54%-33.16%-38.17%90.12%-1.95%48.34%-216.07%371.06%
EPS (Basic)2.381.491.911.310.811.551.322.27-2.62-
Diluted Shares Outstanding27.42M32.04M32.13M49.23M53.82M68.66M117.19M148.57M169.11M167.79M

RCB Balance Sheet

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

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Assets2.61B2.52B487.62M4.98B5.37B9.53B11.62B12.44B10.14B8.33B
Asset Growth %11.82%-3.14%-80.68%920.67%7.94%77.47%21.89%7.06%-18.48%-82.54%
Real Estate & Other Assets-61.07M-80.61M-72.49M-177.82M4.89B-256.91M-336.11M11.97B9.78B7.5B
PP&E (Net)0004.53M3.17M2.4M1.69M2.54M00
Investment Securities00001000K001000K01000K
Total Current Assets59.7M63.45M54.41M0139M00138.53M143.8M402.69M
Cash & Equivalents79.76M75.09M83.33M119.66M186.67M281.1M218.97M139.2M143.8M192M
Receivables0001000K1000K1000K1000K1000K1000K1000K
Other Current Assets000-187.65M-88.81M-364.28M-301.36M-384.24M-88.65M0
Intangible Assets87.49M97.3M122.98M0121.65M00120.59M165.45M215.34M
Total Liabilities3K3K3K4.13B4.54B8.25B9.72B9.79B8.2B6.45B
Total Debt1.89B2.1B2.57B3.93B4.12B7.92B9.34B9.18B437.85M6.13B
Net Debt1.81B2.03B2.49B3.81B3.94B7.64B9.12B8.86B294.04M5.93B
Long-Term Debt890.88M1.78B1.82B3.01B3.12B5.81B8.34B8.51B06.01B
Short-Term Borrowings0247.07M288.85M922.29M999.47M2.11B996.56M649.98M437.85M135.21M
Capital Lease Obligations00003.67M3M1.78M8.21M08.51M
Total Current Liabilities632K18.51M19.97M070.43M00433.83M437.85M135.21M
Accounts Payable0000000000
Deferred Revenue2.05B1.97B2.47B00286K0313.06M00
Other Liabilities1.12B156.33M609.6M-3.03B1.42B-5.82B-8.37B615.26M7.76B294.48M
Total Equity
4.02B▲ 0%
4.22B▲ 5.0%
5.26B▲ 24.5%
844.78M▼ 83.9%
834.21M▼ 1.3%
1.29B▲ 54.5%
1.9B▲ 47.3%
2.65B▲ 39.4%
1.94B▼ 26.9%
1.88B▲ 0%
Equity Growth %737.93%4.98%24.53%-83.94%-1.25%54.51%47.3%39.41%-26.86%-84.08%
Shareholders Equity2.61B2.52B3.04B825.41M815.4M1.28B1.8B2.55B1.84B1.78B
Minority Interest1.42B1.7B2.22B19.37M18.81M4.49M99.15M98.46M97.7M100.53M
Common Stock3K3K05K5K8K11K17K17K17K
Additional Paid-in Capital513.29M539.46M540.48M822.84M849.54M1.16B1.68B2.32B2.25B2.26B
Retained Earnings513.1M536.07M544.83M8.75M-24.2M8.6M4.99M124.41M-505.09M-569.71M
Preferred Stock005.27M00119.74M119.74M119.74M119.74M119.74M
Return on Assets (ROA)2.64%1.86%4.17%2.36%0%1.99%1.75%2.82%-3.93%-1.82%
Return on Equity (ROE)2.9%1.16%1.33%2.11%0.01%14%11.59%14.94%-19.37%-8.07%
Debt / Assets72.62%83.28%526.72%78.97%76.77%83.06%80.35%73.78%4.32%73.53%
Debt / Equity0.47x0.50x0.49x4.65x4.94x6.14x4.92x3.47x0.23x0.23x
Net Debt / EBITDA15.71x8.56x9.53x21.29x16.55x17.88x354.61x9.84x--14.19x
Book Value per Share146.76131.84163.7017.1615.5018.7716.2017.8211.4511.23

RCB Cash Flow Statement

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

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations-10.23M-20.14M-21.45M-50.45M-7.03M-77.51M3.35B33.07M-51.22M-51.22M
Operating CF Growth %-137.06%-96.95%-6.52%-135.13%86.06%-1002.22%4422%-99.01%-254.89%-22853.28%
Operating CF / Revenue %-5.78%-7.19%-6.99%-12.91%-1.11%-11.1%829.1%7.75%-5.65%-21.32%
Net Income51.33M43.23M59.04M72.31M43.48M148.65M184.7M341M-418.49M-151.91M
Depreciation & Amortization5.66M4.64M5.06M6.25M10.83M16.01M25.07M20.23M19.77M36.03M
Stock-Based Compensation0290K447K1.48M5.3M00001.59M
Other Non-Cash Items-39.88M-88.86M-60.91M-133.71M-154.95M-224.92M3.17B-195.18M482.28M244.76M
Working Capital Changes-25.59M20.28M-12.58M-15.17M71.9M-17.25M-28.29M-132.97M-134.79M-128.82M
Cash from Investing409.68M136.9M-419.01M-1.21B16.48M-1.68B-4.55B1.04B1.86B2.43B
Acquisitions (Net)34.93M00-5M0-11.54M123.71M38.71M-44.37M800K
Purchase of Investments-1.59B-908.19M-74.88M-36.37M0-59.71M-139.21M-37.79M-34.65M-18.67M
Sale of Investments1000K1000K1000K1000K1000K1000K1000K1000K1000K3M
Other Investing-2.32M-1.1M-555K-1.22B-18.2M-3.68B-4.78B942.95M1.86B2.39B
Cash from Financing-381.46M-106.5M444.48M1.3B63.05M1.88B1.17B-1.09B-1.88B-2.35B
Dividends Paid-46.87M-48.32M-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-56.88M0000-22.83M
Debt Issuance (Net)-1000K-1000K1000K1000K1000K1000K1000K-1000K-1000K-4M
Share Repurchases-130K0-103K2K-10.52M-98.24M-36.97M-18.11M-82.25M-108.78M
Other Financing-1K-16.95M-8.92M-29.41M-13.19M-12.65M-29.13M35.27M-41.89M-66.55M
Net Change in Cash
38.19M▲ 0%
-4.67M▼ 112.2%
8.24M▲ 276.5%
36.33M▲ 341.1%
67.02M▲ 84.5%
94.43M▲ 40.9%
-62.13M▼ 165.8%
-50.37M▲ 18.9%
5.77M▲ 111.5%
-20.65M▲ 0%
Exchange Rate Effect-1000K001000K-1000K-1000K-1000K-1000K1000K3.28M
Cash at Beginning41.57M79.76M75.09M83.33M119.66M186.67M281.1M218.97M168.59M222.48M
Cash at End79.76M75.09M83.33M119.66M186.67M281.1M218.97M168.59M174.36M194.5M
Free Cash Flow
-10.23M▲ 0%
-20.14M▼ 96.9%
-21.82M▼ 8.3%
-51.34M▼ 135.3%
-7.03M▲ 86.3%
-77.51M▼ 1002.2%
3.35B▲ 4422.0%
33.07M▼ 99.0%
-51.22M▼ 254.9%
-139.83M▲ 0%
FCF Growth %-137.06%-96.95%-8.32%-135.33%86.3%-1002.22%4422%-99.01%-254.89%-177.08%
FCF / Revenue %-5.78%-7.19%-7.11%-13.14%-1.11%-11.1%829.1%7.75%-5.65%-58.2%

RCB Key Ratios

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

Metric201620172018201920202021202220232024TTM
FFO per Share6.388.739.914.820.22.41.792.42-2.51-0.69
FFO Payout Ratio26.8%17.24%16.11%26.7%522.63%67.97%89.54%59.8%0%-19.7%
NOI Margin87.35%74.22%80%75.23%69.31%76.78%74.01%77.67%88.06%151.78%
Net Debt / EBITDA15.71x8.56x9.53x21.29x16.55x17.88x354.61x9.84x--14.19x
Debt / Assets72.62%83.28%526.72%78.97%76.77%83.06%80.35%73.78%4.32%73.53%
Interest Coverage---0.04x1294.08x-1.60x1.23x--
Book Value / Share146.76131.84163.717.1615.518.7716.217.8211.4511.23
Revenue Growth4.92%58.31%9.48%27.4%62.48%9.92%-42.11%5.58%112.63%-48.98%

RCB SEC Filings & Documents

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

8-K Announcements

6
Material company update

Mar 24, 2026·SEC

Material company update

Feb 26, 2026·SEC

Material company update

Nov 6, 2025·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 2025

Nov 7, 2025·SEC

FY 2025

Aug 8, 2025·SEC

FY 2025

May 9, 2025·SEC

RCB Frequently Asked Questions

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

Growth & Financials

Ready Capital Corporation (RCB) reported $240.3M in revenue for fiscal year 2024. This represents a 97% decrease from $9.40B in 2012.

Ready Capital Corporation (RCB) grew revenue by 112.6% over the past year. This is strong growth.

Ready Capital Corporation (RCB) reported a net loss of $151.9M for fiscal year 2024.

Dividend & Returns

Yes, Ready Capital Corporation (RCB) pays a dividend with a yield of 4.81%. This makes it attractive for income-focused investors.

Ready Capital Corporation (RCB) has a return on equity (ROE) of -19.4%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Ready Capital Corporation (RCB) generated Funds From Operations (FFO) of $-115.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Ready Capital Corporation (RCB) offers a 4.81% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

Explore More RCB

Ready Capital Corporation (RCB) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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