Income StatementBalance SheetCash FlowSegments
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Ready Capital Cash Flow Statement

Operating, investing, and financing cash movements

Ready Capital generated $1.2B in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$359.8MNet Cash From Investing (TTM)$2.0BNet Cash From Financing (TTM)-$3.0BDepreciation And Amortization Cf (TTM)$4.4MNet Change In Cash (TTM)$12.8M
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$294.1M
ROE-30.67%

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from lines of credit$387.8M$1.2B$1.1B$325.6M$324.5M$866.7M
Proceeds from Lines of Credit$387.8M$1.2B$1.1B$325.6M$324.5M$866.7M
Repayments of Lines of Credit$532.9M$558.5M$358.8M$953.2M$414.7M$1.3B
Proceeds from issuance of debt—$1.2B$1.1B$325.6M-$2.7B$866.7M
Repayments of debt$532.9M$558.5M$358.8M$953.2M$414.7M$1.3B
Dividends paid$44.6M$44.0M$23.8M$22.8M$22.6M$3.6M
Cash from (used for) financing activities – discontinued operations-$60.1M-$58.8M———$0.0
Cash Provided by (Used in) Financing Activity, Continuing Operation-$547.8M-$296.2M-$486.7M-$956.1M-$294.3M-$1.3B
Payment Of Guaranteed Loan Financing$51.5M$41.5M$42.0M$63.5M$38.1M$22.3M
Payments For Proceeds From Previous Acquisition$200.0K-$16.0M———$0.0
Payments on Paycheck Protection Program Liquidity Facility$3.3M$5.6M$2.5M$2.3M$1.8M$4.8M
Repayments of Debt$0.0$79.5M———$116.6M
Repayments of Securitized Debt Obligations, Consolidated Variable Interest Entity$384.6M$1.0B$1.1B$220.8M$120.3M$649.4M
Net Cash from Financing Activities, Continuing Operations-$547.8M-$296.2M-$486.7M-$956.1M-$294.3M-$1.3B
Proceeds from Secured Long-Term Debt$0.0$240.3M$50.0M——$0.0
Proceeds from Borrowings on Revolving Credit Facility$387.8M$1.2B$1.1B$325.6M$324.5M$866.7M
Repayments of Lines of Credit$532.9M$558.5M$358.8M$953.2M$414.7M$1.3B
Net cash from financing activities-$607.9M-$355.0M-$432.3M-$956.1M-$294.3M-$1.3B
Payment of debt issuance costs$1.3M$12.9M$5.2M$7.8M$3.9M$3.4M
Borrowings Under Acquisition Credit Facilities$387.8M$1.2B$1.1B$325.6M$324.5M$866.7M
Repayments of Acquisition Credit Facilities$532.9M$558.5M$358.8M$953.2M$414.7M$1.3B
Proceeds from Secured Lines of Credit$387.8M$1.2B$1.1B$325.6M$324.5M$866.7M
Repurchases of common stock$43.1M$17.4M$37.7M$10.6M$1.9M$0.0
Taxes paid for net share settlement$152.0K$1.9M$33.0K$16.0K$142.0K$374.0K
Payments of consent fees related to long-term debt$1.3M$12.9M$5.2M$7.8M$3.9M$3.4M
Repayments of lines of credit$532.9M$558.5M$358.8M$953.2M$414.7M$1.3B
Proceeds from Issuance of Secured Debt$0.0$240.3M$50.0M——$0.0

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of debt issuance costs$14.1M$11.3M$15.8M$6.2M$12.4M$12.1M
Change in accounts receivable-$361.0K$862.0K-$3.5M$8.9M—$13.2M
Change in accrued liabilities-$81.3M$24.1M$7.4M-$22.6M-$23.3M$3.7M
Change in other assets—$46.5M$58.6M$6.6M$105.6M-$33.6M
Depreciation and amortization$0.0$0.0$0.0$1.1M$1.7M$1.6M
Distributions from equity method investments$4.8M-$5.8M-$669.0K$8.0M$762.0K$1.5M
Change in Derivative Assets and Liabilities-$10.0M$2.0M——$927.0K-$3.8M
Income (Loss) from Discontinued Operations-$17.2M-$445.0K-$4.9M$210.0K-$47.0K$0.0
Bargain purchase gain$3.5M$102.5M———$0.0
Income (Loss) from Discontinued Operations-$17.2M-$445.0K-$4.9M$210.0K-$47.0K$0.0
Net cash from operating activities$29.2M$108.5M—$434.7M—$590.2M
Net income-$314.8M$82.0M-$53.7M-$16.7M-$232.6M-$200.1M
Accrued Paid-In-Kind Interest$20.6M$241.0K$807.0K$3.0M$2.0M$708.0K
Non-cash interest expense$14.1M$11.3M$15.8M$6.2M$12.4M$12.1M
Business Combination Bargain Purchase Gain Recognized Amount$3.5M$102.5M———$0.0
Net cash provided by operating activities from discontinued operations—$28.1M-$51.8M——$0.0
Impairment Of Real Estate$29.9M$2.3M$4.3M$1.9M$15.0M-$469.0K
Net income from discontinued operations-$17.2M-$445.0K-$4.9M$210.0K-$47.0K$0.0
Income Loss From Equity Method Investments Net Of Dividends Or Distributions$4.8M-$5.8M-$669.0K$8.0M$762.0K$1.5M
Increase (Decrease) In Assets of Consolidated VIEs, Accrued Interest and Due From Servicers—-$33.0M-$17.9M—-$38.9M-$8.6M
Other current liabilities-$81.3M$24.1M$7.4M-$22.6M-$23.3M$3.7M
Increase (Decrease) in Other Operating Assets—$46.5M$58.6M$6.6M$105.6M-$33.6M
Repair and denial reserve$103.0K$823.0K$335.0K$469.0K$3.3M$354.0K
Valuation allowance, loans held for sale—$99.7M—-$178.2M—$6.6M
Payments To Acquire Held For Sale Real Estate$100.0K$5.0K$210.0K$749.0K$1.4M$669.0K
Proceeds from Sale and Principal Repayments on Loans Held For Sale at Fair Value$55.6M$89.1M$0.0$506.1M$79.4M$596.0M
Total provisions for credit losses$285.0M-$109.6M$8.6M$38.0M$150.0M$70.9M
Realized Gains (Losses), Net-$7.0M$10.2M$17.3M-$160.5M-$10.6M-$60.4M
Unrealized Gains (Losses), Net-$18.7M-$1.9M-$577.0K$3.1M-$12.7M-$6.9M
Provision for credit losses$285.0M-$109.6M$8.6M$38.0M$150.0M$70.9M
Stock-based compensation$2.5M$1.8M$1.6M$1.6M$797.0K$1.6M
Loss from Discontinued Operations-$17.2M-$445.0K-$4.9M$210.0K-$47.0K$0.0
Income (Loss) from Discontinued Operations, Net of Tax-$17.2M-$445.0K-$4.9M$210.0K-$47.0K$0.0

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Transfer to Other Real Estate$68.3M$32.3M$3.2M$484.3M$20.7M$25.1M
Net increase (decrease) in cash-$52.8M$65.6M——$55.0M-$8.3M
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Cash Classified Within Assets Held For Sale, Period Increase (Decrease), Including Exchange Rate Effect-$41.8M$60.7M—-$28.0M$55.0M-$8.3M
Less: Net decrease in cash and cash equivalents within assets held for sale$11.0M-$4.9M-$24.9M——$0.0
Transfers from Loans to Loans Held for Sale$13.2M$72.8M$0.0$57.3M$28.7M$0.0

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$0.0-$297.0K———-$38.0K
Interest paid$138.5M$134.3M$128.8M$122.5M$103.6M$78.5M
Shares and OP units issued in connection with merger transactions$0.0$64.6M———$0.0
Income Taxes Paid, Net$0.0-$297.0K———-$38.0K
Transfer of Loans Held to Loans Held For Sale, at Fair Value$9.4M$722.8M——$664.2M$264.7M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net cash used for investing activities from discontinued operations$40.1M$54.8M———$0.0
Payments For Origination Of Loans Held At Fair Value$151.7M$174.3M$126.4M$120.0M$171.9M$91.3M
Payments for Participation Liabilities$10.5M$1.3M——$46.8M$0.0
Payments to Acquire Equity Method Investments$15.6M$11.5M$389.0K$8.4M$5.3M$6.5M
Proceeds from disposition and principal payment of loans$659.3M$414.8M$620.1M$558.5M$546.3M$724.7M
Proceeds from sale of commercial mortgage-backed securities bonds$0.0$0.0———$3.7M
Proceeds From Sale Of Property Held For Sale$10.5M$7.1M$1.2M$49.4M$14.8M$36.7M
Net cash from investing activities$537.0M$307.3M$481.8M$493.4M$360.1M$668.9M
Dividend Received from Consumer Healthcare JV$5.2M$1.7M$1.3M$6.9M$23.4M$2.2M
Purchases of equity securities$15.6M$11.5M$389.0K$8.4M$5.3M$6.5M
Distributions from DIRECTV in Excess of Earnings$5.2M$1.7M$1.3M$6.9M$23.4M$2.2M