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Financials · RC

Ready Capital Corporation (RC) financials

For the twelve months ended Sep 30, 2026, Ready Capital Corporation reported -$65.78M of revenue and -$609.59M of net income.

Revenue, TTM
-$65.78M
Revenue growth, YoY
-134.1%
Net income, TTM
-$609.59M
EPS, diluted, TTM
-$3.71
Cash
$157.13M
Total debt
$1.04B
Market cap
$139.8M
Annual revenue$101.75M
FY2016FY2025
Annual net income-$236.91M
FY2016FY2025

RC revenue and earnings growth

RC revenueQ3 2026$25.33M

Quarter YoY
-70.4%
FY YoY
+3.0%
5Y CAGR
-24.6%
10Y CAGR
-1.7%

RC revenue was $25.33M in fiscal Q3 2026 (ended Sep 30, 2026), down 70.4% from a year earlier. For the full fiscal 2025 it was $101.75M, up 3.0% from fiscal 2024. Compound annual growth was -24.6% over 5 years and -1.7% over 10 years. It rose in 8 of the last 10 fiscal years.

RC net incomeQ3 2026-$66.15M

RC net income was -$66.15M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$20.74M a year earlier. For the full fiscal 2025 it was -$236.91M, compared with -$443.75M in fiscal 2024.

RC EPSQ3 2026-$0.40

RC diluted EPS was -$0.40 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.13 a year earlier. For the full fiscal 2025 it was -$1.44, compared with -$2.63 in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$101.75M$98.75M$637.81M$425.81M$323.82M$417.91M$252.66M$208.18M$204.88M$144.77M
Interest expense--$716.47M$392.36M$204.37M$175.48M$151.88M$109.24M$74.65M$57.77M
Pre-tax income-$302.56M-$516.51M$358.42M$175.03M$132.16M$54.45M$64.50M$62.84M$47.65M$65.22M
Income tax-$86.70M-$104.51M$7.17M$15.47M$14.86M$8.38M-$10.55M$1.39M$1.84M$9.65M
Net income-$236.91M-$443.75M$331.45M$186.27M$150.24M$44.87M$72.97M$59.26M$43.29M$49.17M
EPS, basic-$1.44-$2.63$2.25$1.73$2.17$0.81$1.72$1.84$1.38$1.85
EPS, diluted-$1.44-$2.63$2.22$1.65$2.16$0.81$1.72$1.84$1.38$1.85
Diluted shares167.3M170.5M148.6M117.2M68.7M53.8M42.0M32.1M31.4M26.6M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$207.84M$182.77M$138.53M$273.60M$276.23M$145.14M$127.98M$94.97M$90.95M$80.69M
Goodwill$49.50M$49.50M$38.53M$37.82M$31.47M$11.21M$11.21M---
Total assets$7.77B$10.14B$12.44B$11.62B$9.53B$5.37B$4.98B$3.04B$2.52B$2.61B
Total debt$1.38B$1.33B$1.11B$1.12B$897.10M$442.78M$440.31M$337.31M$6.11M$7.38M
Total liabilities$6.12B$8.20B$9.79B$9.72B$8.25B$4.54B$4.13B$2.47B$1.97B$2.05B
Shareholders' equity$1.54B$1.94B$2.64B$1.89B$1.28B$834.21M$844.78M$564.08M$555.47M$552.10M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$432.12M$274.81M$51.13M$359.15M-$34.44M$68.89M-$52.40M$140.30M$352.49M$16.48M
Investing cash flow$1.64B$1.54B$1.02B-$1.56B-$1.72B-$59.44M-$1.21B-$580.76M-$235.73M$389.57M
Financing cash flow-$2.04B-$1.88B-$1.09B$1.17B$1.88B$63.05M$1.30B$444.48M-$106.50M-$381.36M
Dividends paid$113.32M$206.06M$215.09M$187.83M$111.92M$56.88M$63.33M$51.32M$48.26M$46.87M
Share repurchases$67.60M$82.25M$18.11M$36.97M-$9.23M---$1.0K
Stock-based compensation$5.81M$8.12M$7.55M$7.50M$6.92M$5.30M$1.48M---
Depreciation and amortization$2.81M$0$0------$615.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY3.0%-84.5%49.8%31.5%-22.5%65.4%21.4%1.6%41.5%19.9%
Net income growth, YoY--77.9%24.0%234.8%-38.5%23.1%36.9%-12.0%21.8%
EPS growth, YoY--34.5%-166.7%-52.9%-6.5%33.3%-25.4%16.4%
Net margin-232.8%-449.3%52.0%43.7%46.4%10.7%28.9%28.5%21.1%34.0%
Return on equity-15.3%-22.9%12.6%9.9%11.7%5.4%8.6%10.5%7.8%8.9%
Return on assets-3.0%-4.4%2.7%1.6%1.6%0.8%1.5%2.0%1.7%1.9%
Debt to equity0.890.690.420.590.700.530.520.600.010.01

Source: XBRL data Ready Capital Corporation files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

RC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
RC-$65.78M-134.1%-$609.59M-$139.8M
WELL$13.79B+39.2%$1.67B12.1%$179.74B
PLD$8.95B+6.7%$3.71B41.5%$120.67B
EQIX$10.06B+11.1%$1.65B16.4%$100.25B
AMT$11.01B+5.3%$3.31B30.1%$87.55B
SPG$7.15B+16.2%$4.51B63.0%$73.91B
DLR$6.34B+12.6%$1.38B21.7%$65.90B
PSA$5.03B+5.2%$1.90B37.8%$63.05B
O$6.21B+10.8%$1.36B21.8%$56.15B

RC FAQ

7 questions
  • What is RC revenue?
    Ready Capital Corporation (RC) reported -$65.78M of revenue for the twelve months ended Sep 30, 2026. That is down 134.1% from the year before. Revenue for fiscal 2025 was $101.75M.
  • Is RC profitable?
    No. Ready Capital Corporation reported a net loss of $609.59M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does RC have?
    Ready Capital Corporation reported $157.13M in cash and cash equivalents and $1.04B of debt on its most recent balance sheet in SEC filings.
  • How fast is RC revenue growing?
    Ready Capital Corporation's revenue changed +3.0% in fiscal 2025, to $101.75M. Its compound annual growth rate was -24.6% over 5 years and -1.7% over 10 years.
  • What is RC earnings per share?
    Diluted earnings per share were -$3.71 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did RC last report financial results?
    The latest statements here come from Ready Capital Corporation's 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this RC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Ready Capital Corporation files with the SEC. It is provided for information only and is not investment advice.