Ready Capital Corp (RC) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Ready Capital reported revenue of $101.7M, up 3.0% from $98.8M the year before. Net income was -$228.9M (a -225.0% net margin), or -$1.44 per diluted share. Net interest income was $55.0M, and the efficiency ratio (noninterest expense / revenue) was 311.8%. Operating activities generated $432.1M of cash. At fiscal year end, Ready Capital held $7.77B in total assets against $6.12B in total liabilities, including $207.8M of cash and equivalents.
Open the full interactive Ready Capital financials → Quarterly statements, key ratios, valuation history and price charts.
Ready Capital Key Stats
| Share Price | $1.12 |
|---|---|
| Market Cap | $193.5M |
| Revenue YoY Growth | +3.0% |
| 52-Week Range | $1.09 – $3.32 |
| Shares Outstanding | 165.1 million (basic, 2026 Q2) |
Ready Capital Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $83.2M | $189.9M | $270.4M | $229.3M | $200.5M | $55.0M |
| Provision for Credit Losses | $34.7M | $8.0M | $34.4M | $7.2M | $292.8M | $87.0M |
| Noninterest Income | $334.8M | $319.8M | $259.5M | $408.5M | -$101.8M | $46.7M |
| Noninterest Expense | $328.7M | $312.6M | $262.6M | $272.2M | $322.5M | $317.3M |
| Revenue | $417.9M | $509.7M | $529.9M | $637.8M | $98.8M | $101.7M |
| Pre-Tax Income | $54.5M | $189.1M | $232.9M | $358.4M | -$516.5M | -$302.6M |
| Income Tax | $8.4M | $29.1M | $29.7M | $7.2M | -$104.5M | -$86.7M |
| Net Income | $44.9M | $157.7M | $194.3M | $339.5M | -$435.8M | -$228.9M |
| Diluted EPS | $0.81 | $2.17 | $1.66 | $2.22 | -$2.63 | -$1.44 |
Ready Capital Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $212.4M | — | $33.7M | $69.0M |
| Net Income | -$18.7M | -$234.2M | -$201.7M | -$101.5M |
| Diluted EPS | -$0.13 | -$1.40 | -$1.25 | -$0.63 |
Ready Capital Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $139.0M | $229.5M | $163.0M | $138.5M | $143.8M | $207.8M |
| Loans (Net) | $4.44B | $8.42B | — | — | — | — |
| Total Assets | $5.37B | $9.53B | $11.62B | $12.44B | $10.14B | $7.77B |
| Total Long-Term Debt | $442.8M | $897.1M | $1.12B | $1.11B | $1.33B | $1.38B |
| Total Liabilities | $4.54B | $8.25B | $9.72B | $9.79B | $8.20B | $6.12B |
| Shareholders' Equity | $815.4M | $1.28B | $1.79B | $2.54B | $1.84B | $1.54B |
Ready Capital Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $68.9M | -$34.4M | $359.1M | $51.1M | $274.8M | $432.1M |
| Cash From Investing | -$59.4M | -$1.72B | -$1.56B | $1.02B | $1.54B | $1.64B |
| Cash From Financing | $63.1M | $1.88B | $1.17B | -$1.09B | -$1.88B | -$2.04B |
Figures from Ready Capital's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Ready Capital financials page for every line item.
Ready Capital Company Profile
| Ticker | RC |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | New York, New York |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001527590 |
Frequently Asked Questions
What was Ready Capital's revenue in fiscal 2025?
Ready Capital (RC) reported revenue of $101.7M for fiscal 2025.
What is Ready Capital's annual revenue history?
Ready Capital's annual revenue by fiscal year: 2020: $417.9M; 2021: $509.7M; 2022: $529.9M; 2023: $637.8M; 2024: $98.8M; 2025: $101.7M.
What was Ready Capital's net income in fiscal 2025?
Ready Capital reported net income of -$228.9M for fiscal 2025.
What was Ready Capital's earnings per share (EPS) in fiscal 2025?
Ready Capital's diluted EPS was -$1.44 for fiscal 2025 (adjusted for any later stock splits).
What was Ready Capital's revenue last quarter?
In its most recent reported quarter (2026 Q2), Ready Capital reported revenue of $69.0M.
How much debt does Ready Capital have?
Ready Capital reported $1.38B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Ready Capital are outstanding?
Ready Capital reported a weighted average of 165.1 million basic shares outstanding in 2026 Q2.
What is Ready Capital's market cap?
Based on its latest closing price, Ready Capital (RC) has a market capitalization of about $193.5M.
When does Ready Capital's fiscal year end?
Ready Capital's fiscal year end, as registered with the SEC, is December 31.
Where is Ready Capital headquartered?
Ready Capital lists its business address in New York, New York in its SEC filings.