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RCBReady Capital Corporation
$25.34$4.1B
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RCB logoReady Capital Corporation(RCB)Earnings, Financials & Key Ratios

RCB•NYSE•REIT / Real Estate
Price updated May 28, 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$499M-44.9%
  • FFO-$226M+46.7%
  • FFO/Share-1.35+46.1%
  • FFO Payout0%
  • FFO per Share-1.35+46.1%
  • NOI Margin87.67%-0.5%
  • FFO Margin-45.27%+3.2%
  • ROE-12.76%+34.1%
  • ROA-2.56%+35.0%

RCB Key Insights

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

✓Strengths

  • ✓High NOI margin of 87.7%
  • ✓Healthy dividend yield of 4.8%
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗FFO declining 447.0% TTM

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

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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 Years11.47%
5 Years-4.69%
3 Years7.32%
TTM-82.95%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-308.9%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-268.43%

Return on Capital

10 Years1.62%
5 Years2.15%
3 Years1.74%
Last Year1.44%

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
Metric
Actual
Est
EPS
$0.43-210.4%
$0.14
Rev
$14M-116.8%
$84M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.11+53.4%
$0.24
Rev
$623,000-100.9%
$73M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$0.14-1300.0%
$0.01
Rev
$182M+7.5%
$169M
Q2 2025
May 8, 2025
Metric
Actual
Est
EPS
$0.09-175.0%
$0.12
Rev
$74M-135.7%
$207M
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
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
FBRT logoFBRTFranklin BSP Realty Trust, Inc.Direct Competitor648.8M8.4313.17-100%17.89%4.73%2.78
LADR logoLADRLadder Capital CorpProduct Competitor1.3B10.2020-23.26%16.52%4.29%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
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue
280.19M306.76M390.81M635M697.97M404.04M426.58M907.04M499.47M73.81M
Revenue Growth %
58.31%9.48%27.4%62.48%9.92%-42.11%5.58%112.63%-44.93%-82.95%
Property Operating Expenses
72.22M61.36M96.79M194.88M162.04M104.99M95.28M108.27M61.61M49.58M
Net Operating Income (NOI)
207.97M▲ 0%
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%
437.87M▼ 45.2%
501.27M▲ 0%
NOI Margin %
74.22%80%75.23%69.31%76.78%74.01%77.67%88.06%87.67%679.14%
Operating Expenses
159.87M148.99M164.3M137.63M105.35M131.11M162.55M159.14M316.91M199.16M
G&A Expenses
000130.91M100.2M124.95M34.74M26.89M30.84M37.42M
EBITDA
236.85M260.68M178.95M237.92M427.15M25.71M899.56M-392.23M123.77M-317.53M
EBITDA Margin %
84.53%84.98%45.79%37.47%61.2%6.36%210.88%-43.24%24.78%-430.21%
Depreciation & Amortization
232.21M255.62M172.7M10.83M16.01M25.07M20.23M19.77M2.81M2.81M
D&A / Revenue %
82.88%83.33%44.19%1.71%2.29%6.2%4.74%2.18%0.56%3.81%
Operating Income
4.64M▲ 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%
120.96M▲ 129.4%
-320.35M▲ 0%
Operating Margin %
1.66%1.65%1.6%35.76%58.91%0.16%206.14%-45.42%24.22%-434.02%
Interest Expense
00151.88M175.48K0403.7K716.47M-696.46M514.13M1000K
Interest Coverage
--2.16x1294.08x-1589.88x1.23x0.20x0.41x-
Non-Operating Income
-43.34M-46.08M-193.89M0-232.52M000-90.61M-67.01M
Pretax Income
129.63M▲ 0%
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%
-302.56M▲ 41.4%
-596.52M▲ 0%
Pretax Margin %
46.27%54.49%58.35%8.58%27.09%43.32%84.02%-56.94%-60.58%-808.19%
Income Tax
124.99M162.08M221.79M8.38M29.08M29.73K7.17M-104.51M-86.7M-73.47M
Effective Tax Rate %
96.42%96.97%97.26%15.4%15.38%0.02%2%20.23%28.66%12.32%
Net Income
47.65M▲ 0%
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%
-228.91M▲ 48.4%
-512.15M▲ 0%
Net Margin %
17.01%20.49%16.51%0.01%21.3%45.71%79.58%-48.92%-45.83%-693.88%
Net Income Growth %
-26.93%31.88%2.64%-99.92%272889.55%24.25%83.78%-230.73%48.41%-308.9%
Funds From Operations (FFO)
279.87M▲ 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%
-226.1M▲ 46.7%
-491.84M▲ 0%
FFO Margin %
99.88%103.81%60.7%1.71%23.59%51.92%84.32%-46.74%-45.27%-666.37%
FFO Growth %
60%13.79%-25.52%-95.41%1412.8%27.4%71.46%-217.88%46.67%-961.95%
FFO per Share
8.739.914.820.202.401.792.42-2.51-1.35-2.93
FFO Payout Ratio %
17.24%16.11%26.7%522.63%67.97%89.54%59.8%0%0%-4.64%
EPS (Diluted)
1.49▲ 0%
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%
-1.44▲ 44.6%
-3.05▲ 0%
EPS Growth %
-37.4%31.54%-33.16%-38.17%90.12%-1.95%48.34%-216.07%44.62%-268.43%
EPS (Basic)
1.491.911.310.811.551.322.27-2.62-1.44-
Diluted Shares Outstanding
32.04M32.13M49.23M53.82M68.66M117.19M148.57M169.11M167.26M167.65M

RCB Balance Sheet

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

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets
2.52B487.62M4.98B5.37B9.53B11.62B12.44B10.14B7.77B6.31B
Asset Growth %
-3.14%-80.68%920.67%7.94%77.47%21.89%7.06%-18.48%-23.39%-106.99%
Real Estate & Other Assets
-80.61M-72.49M-177.82M4.89B-256.91M-336.11M11.97B9.78B-2.31B0
PP&E (Net)
004.53M3.17M2.4M1.69M2.54M000
Investment Securities
0001000K001000K01000K0
Total Current Assets
63.45M54.41M0139M00138.53M143.8M207.84M200.43M
Cash & Equivalents
75.09M83.33M119.66M186.67M281.1M218.97M139.2M143.8M247.59M200.43M
Receivables
001000K1000K1000K1000K1000K1000K00
Other Current Assets
00-187.65M-88.81M-364.28M-301.36M-384.24M-88.65M-39.75M0
Intangible Assets
97.3M122.98M0121.65M00120.59M165.45M126.28M0
Total Liabilities
3K3K4.13B4.54B8.25B9.72B9.79B8.2B6.12B4.87B
Total Debt
2.1B2.57B3.93B4.12B7.92B9.34B9.18B437.85M722.73M723.71M
Net Debt
2.03B2.49B3.81B3.94B7.64B9.12B8.86B294.04M5.62B523.28M
Long-Term Debt
1.78B1.82B3.01B3.12B5.81B8.34B8.51B05.86B0
Short-Term Borrowings
247.07M288.85M922.29M999.47M2.11B996.56M649.98M437.85M722.73M723.71M
Capital Lease Obligations
0003.67M3M1.78M8.21M008.51M
Total Current Liabilities
18.51M19.97M070.43M00433.83M437.85M722.73M723.71M
Accounts Payable
0000000000
Deferred Revenue
1.97B2.47B00286K0313.06M000
Other Liabilities
156.33M609.6M-3.03B1.42B-5.82B-8.37B615.26M7.76B179.84M4.14B
Total Equity
4.22B▲ 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%
1.65B▼ 14.7%
1.44B▲ 0%
Equity Growth %
4.98%24.53%-83.94%-1.25%54.51%47.3%39.41%-26.86%-14.68%-83.34%
Shareholders Equity
2.52B3.04B825.41M815.4M1.28B1.8B2.55B1.84B1.55B1.34B
Minority Interest
1.7B2.22B19.37M18.81M4.49M99.15M98.46M97.7M99.23M100.81M
Common Stock
3K05K5K8K11K17K17K17K17K
Additional Paid-in Capital
539.46M540.48M822.84M849.54M1.16B1.68B2.32B2.25B2.26B0
Retained Earnings
536.07M544.83M8.75M-24.2M8.6M4.99M124.41M-505.09M-807.52M-1.01B
Preferred Stock
05.27M00119.74M119.74M119.74M119.74M119.74M8.36M
Return on Assets (ROA)
1.86%4.17%2.36%0%1.99%1.75%2.82%-3.93%-2.56%-6.46%
Return on Equity (ROE)
1.16%1.33%2.11%0.01%14%11.59%14.94%-19.37%-12.76%-29.68%
Debt / Assets
83.28%526.72%78.97%76.77%83.06%80.35%73.78%4.32%9.3%11.46%
Debt / Equity
0.50x0.49x4.65x4.94x6.14x4.92x3.47x0.23x0.44x0.50x
Net Debt / EBITDA
8.56x9.53x21.29x16.55x17.88x354.61x9.84x-45.37x-1.65x
Book Value per Share
131.84163.7017.1615.5018.7716.2017.8211.459.878.59

RCB Cash Flow Statement

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

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
-20.14M-21.45M-50.45M-7.03M-77.51M3.35B33.07M-51.22M455.9M422.91M
Operating CF Growth %
-96.95%-6.52%-135.13%86.06%-1002.22%4422%-99.01%-254.89%990.08%-17334.21%
Operating CF / Revenue %
-7.19%-6.99%-12.91%-1.11%-11.1%829.1%7.75%-5.65%91.28%572.98%
Net Income
43.23M59.04M72.31M43.48M148.65M184.7M341M-418.49M-221.06M-512.15M
Depreciation & Amortization
4.64M5.06M6.25M10.83M16.01M25.07M20.23M19.77M2.81M20.31M
Stock-Based Compensation
290K447K1.48M5.3M00005.81M4.02M
Other Non-Cash Items
-88.86M-60.91M-133.71M-154.95M-224.92M3.17B-195.18M482.28M668.34M997.7M
Working Capital Changes
20.28M-12.58M-15.17M71.9M-17.25M-28.29M-132.97M-134.79M0-96.89M
Cash from Investing
136.9M-419.01M-1.21B16.48M-1.68B-4.55B1.04B1.86B1.64B2.47B
Acquisitions (Net)
00-5M0-11.54M123.71M38.71M-44.37M16.02M0
Purchase of Investments
-908.19M-74.88M-36.37M0-59.71M-139.21M-37.79M-34.65M0-2.98M
Sale of Investments
1.17B52.9M48.94M34.69M2.08B250.25M93.63M80.83M776K7.01M
Other Investing
-1.1M-555K-1.22B-18.2M-3.68B-4.78B942.95M1.86B1.63B2.47B
Cash from Financing
-106.5M444.48M1.3B63.05M1.88B1.17B-1.09B-1.88B-2.04B-2.95B
Dividends Paid
-48.32M-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-56.88M00000-22.83M
Debt Issuance (Net)
-1000K1000K1000K1000K1000K1000K-1000K-1000K0-2M
Share Repurchases
0-103K2K-10.52M-98.24M-36.97M-18.11M-82.25M-67.6M-50.19M
Other Financing
-16.95M-8.92M-29.41M-13.19M-12.65M-29.13M35.27M-41.89M-1.92B-1.48B
Net Change in Cash
-4.67M▲ 0%
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%
66.76M▲ 1057.4%
-6.82M▲ 0%
Exchange Rate Effect
003.32M-5.49M-28.42M-35.83M-35.86M75.72M050.31M
Cash at Beginning
79.76M75.09M83.33M119.66M186.67M281.1M218.97M168.59M182.77M249.53M
Cash at End
75.09M83.33M119.66M186.67M281.1M218.97M168.59M174.36M249.53M241.2M
Free Cash Flow
-20.14M▲ 0%
-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%
455.9M▲ 990.1%
422.91M▲ 0%
FCF Growth %
-96.95%-8.32%-135.33%86.3%-1002.22%4422%-99.01%-254.89%990.08%1066.57%
FCF / Revenue %
-7.19%-7.11%-13.14%-1.11%-11.1%829.1%7.75%-5.65%91.28%572.98%

RCB Key Ratios

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

Metric201720182019202020212022202320242025TTM
FFO per Share
8.739.914.820.22.41.792.42-2.51-1.35-2.93
FFO Payout Ratio
17.24%16.11%26.7%522.63%67.97%89.54%59.8%0%0%-4.64%
NOI Margin
74.22%80%75.23%69.31%76.78%74.01%77.67%88.06%87.67%679.14%
Net Debt / EBITDA
8.56x9.53x21.29x16.55x17.88x354.61x9.84x-45.37x-1.65x
Debt / Assets
83.28%526.72%78.97%76.77%83.06%80.35%73.78%4.32%9.3%11.46%
Interest Coverage
--2.16x1294.08x-1589.88x1.23x0.20x0.41x-
Book Value / Share
131.84163.717.1615.518.7716.217.8211.459.878.59
Revenue Growth
58.31%9.48%27.4%62.48%9.92%-42.11%5.58%112.63%-44.93%-82.95%
Related:RCB Dividend History·RCB Revenue History·RCB Price History·RCB P/E History·RCB Financial Ratios·RCB Institutional Holders

RCB SEC Filings & Documents

Ready Capital Corporation (RCB) 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

RCB Frequently Asked Questions

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

Growth & Financials

Ready Capital Corporation (RCB) reported $73.8M in revenue for fiscal year 2025. This represents a 99% decrease from $9.40B in 2012.

Ready Capital Corporation (RCB) saw revenue decline by 44.9% over the past year.

Ready Capital Corporation (RCB) reported a net loss of $512.1M for fiscal year 2025.

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 -12.8%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Ready Capital Corporation (RCB) generated Funds From Operations (FFO) of $-491.8M 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.

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

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

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

Dollar cost averaging calculator · DCA vs lump sum

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