Ready Capital Corporation Notes -15.12.29(RCD)Earnings, Financials & Key Ratios
RCD•NYSE•REIT / Real Estate
$22.56
Price updated Jun 27, 2026
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%
RCD Price & Volume
Ready Capital Corporation Notes -15.12.29 (RCD) stock price & volume — 10-year historical chart
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Persistent Operational Losses Undermine Shareholder Equity Base
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Strained
Cash Flow:Deteriorating
Primary Risk:Portfolio Credit Quality Deterioration
Key Thesis Takeaways
- Ready Capital faces significant structural headwinds as evidenced by a consistent erosion of shareholder equity from $2.5 billion in 2023Q4 to $1.3 billion in 2026Q1.
- While the firm has achieved top-line scaling with 160.9% revenue growth in 2026Q1, this expansion has failed to convert into positive profitability, with NOI margins collapsing to -110.8% in 2025Q4.
- Investors should remain cautious as the company navigates a complex deleveraging process and persistent portfolio impairments that continue to obscure core earnings power.
Verdict Logic
the company's persistent net losses and the erosion of equity to $1.3 billion in 2026Q1 suggest that the current capital structure is not yet positioned to deliver sustainable shareholder returns.
RCD Growth Metrics
Ready Capital Corporation Notes -15.12.29 (RCD) 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%
RCD Recent Earnings
Ready Capital Corporation Notes -15.12.29 (RCD) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 4/12 qtrs (33%)
Q1 2026Latest
Feb 26, 2026Metric
Actual
Est
EPS
$0.43-210.4%
$0.14
Rev
$14M-116.8%
$84M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.11+53.4%
$0.24
Rev
$19M-74.5%
$73M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.14-160.4%
$0.05
Rev
$10M-122.9%
$43M
Q2 2025
May 8, 2025Metric
Actual
Est
EPS
$0.09-175.0%
$0.12
Rev
$74M-135.7%
$207M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.43vs $0.14-210.4% | $14Mvs $84M-116.8% |
| Q4 2025 | Nov 6, 2025 | $0.11vs $0.24+53.4% | $19Mvs $73M-74.5% |
| Q3 2025 | Aug 7, 2025 | $0.14vs $0.05-160.4% | $10Mvs $43M-122.9% |
| Q2 2025 | May 8, 2025 | $0.09vs $0.12-175.0% | $74Mvs $207M-135.7% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Ready Capital Corporation Notes -15.12.29 (RCD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $22.56 | $3.66B | -15.67 | 1725.96% | -45.83% | -12.76% | 3% | |
| $1.78 | $294.09M | -1.24 | 1725.96% | -290.69% | -29.57% | — | |
| $17.43 | $2.94B | 27.23 | -13.96% | 6.75% | 2.93% | — | |
| $4.51 | $250.22M | -275.00 | -2.79% | -24.91% | -3.88% | — | |
| $8.46 | $654.03M | 14.84 | 123.25% | 23.2% | 5.7% | — | |
| $1.41 | $67.57M | -1.22 | 187.77% | -30.49% | -7.1% | — |
Compare RCD vs Peers
Ready Capital Corporation Notes -15.12.29 (RCD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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RCD Frequently Asked Questions
Ready Capital Corporation Notes -15.12.29 (RCD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Ready Capital Corporation Notes -15.12.29's revenue?
Ready Capital Corporation Notes -15.12.29 (RCD) reported $175.5M in revenue for fiscal year 2025. This represents a 618% increase from $24.4M in 2012.
How fast is Ready Capital Corporation Notes -15.12.29 growing?
Ready Capital Corporation Notes -15.12.29 (RCD) grew revenue by 1726.0% over the past year. This is strong growth.
Is RCD profitable?
Ready Capital Corporation Notes -15.12.29 (RCD) reported a net loss of $510.1M for fiscal year 2025.
Dividend & Returns
Does RCD pay dividends?
Yes, Ready Capital Corporation Notes -15.12.29 (RCD) pays a dividend with a yield of 3.00%. This makes it attractive for income-focused investors.
What is RCD's return on equity?
Ready Capital Corporation Notes -15.12.29 (RCD) has a return on equity (ROE) of -12.8%. Negative ROE indicates the company is unprofitable.
Industry Metrics
What is Ready Capital Corporation Notes -15.12.29's FFO?
Ready Capital Corporation Notes -15.12.29 (RCD) generated Funds From Operations (FFO) of $-467.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is RCD a good dividend stock?
Ready Capital Corporation Notes -15.12.29 (RCD) offers a 3.00% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.