Income StatementBalance SheetCash FlowSegments
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Ready Capital Income Statement

Revenue, expenses, and profitability over time

Ready Capital generated $495.9M in trailing twelve-month revenue, down 0.4% year-over-year. Net income was -$503.1M with a -101.45% net margin. Diluted EPS is $-3.15, which declined 0.8% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$495.9MNet Income (TTM)-$503.1MEps Diluted (TTM)$-3.15
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$294.1M
ROE-30.67%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
Common Stock Dividends Per Share$0.3$0.1$0.1$0.1$0.0$0.0
Dividends per share declared$0.3$0.1$0.1$0.1$0.0$0.0
Reclassifications Net of Tax-$318.1M$77.5M-$57.5M-$20.7M-$236.2M-$203.7M
Dividends per share declared$0.3$0.1$0.1$0.1$0.0$0.0
Common Stock Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
Servicing income, net of amortization and impairment of $6,587 and $5,294$4.1M$6.5M-$304.0K$7.5M$5.0M$5.4M
Business Combination, Integration-Related Cost, Expense$4.9M$2.7M$639.0K$1.9M$807.0K$335.0K
Dividends declared (in dollars per share)$0.3$0.1$0.1$0.1$0.0$0.0
Impairment Of Real Estate$29.9M$2.3M$4.3M$1.9M$15.0M-$469.0K
Interest and Dividend Income, Operating$204.0M$155.0M$152.7M$137.5M$124.0M$81.7M
Interest Income (Expense), after Provision for Loan Loss-$235.0M$124.1M$8.3M-$27.5M-$136.9M-$86.0M
Interest Income (Expense), Operating$50.1M$14.5M$16.9M$10.5M$13.1M-$15.1M
Valuation allowance, loans held for sale—$99.7M—-$178.2M—$6.6M
Noninterest Expense$106.9M$72.6M$70.3M$74.3M$100.0M$82.7M
Total provisions for credit losses$285.0M-$109.6M$8.6M$38.0M$150.0M$70.9M
Common Stock Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
Common Stock Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
Basic earnings per share from continuing operations-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Diluted earnings per share from continuing operations-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Diluted earnings per share from discontinued operations-$0.1$0.0-$0.0$0.0$0.0$0.0
Common Stock Dividends Per Share (Declared)$0.3$0.1$0.1$0.1$0.0$0.0
EPS from Discontinued Operations, Diluted-$0.1$0.0-$0.0$0.0$0.0$0.0
Basic EPS from Continuing Operations-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Diluted EPS from Continuing Operations-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
EPS from Continuing Operations-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Diluted EPS from Discontinued Operations-$0.1$0.0-$0.0$0.0$0.0$0.0
Common Stock Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
Diluted EPS from continuing operations-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Basic earnings per share$-1.88$0.47$-0.34$-0.13$-1.43$-1.25
Basic EPS from continuing operations$-1.78$0.47$-0.31$-0.13$-1.43$-1.25
Basic EPS from discontinued operations$-0.10$0.00$-0.03$0.00$0.00$0.00
Diluted earnings per share$-1.88$0.46$-0.34$-0.13$-1.43$-1.25
Diluted EPS from discontinued operations$-0.10$0.00$-0.03$0.00$0.00$0.00
Continuing operations (in dollars per share)-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Continuing operations (in dollars per share)-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Discontinued operations (in dollars per share)-$0.1$0.0-$0.0$0.0$0.0$0.0
Common Stock Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
EPS from Continuing Operations-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Common Stock Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
Common Stock Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
Common stock dividends per share declared$0.3$0.1$0.1$0.1$0.0$0.0
Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
Basic EPS from Continuing Operations-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Diluted EPS from Continuing Operations-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Diluted EPS from Discontinued Operations-$0.1$0.0-$0.0$0.0$0.0$0.0
Dividends per share declared$0.3$0.1$0.1$0.1$0.0$0.0
Common Stock Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
Dividends per share declared$0.3$0.1$0.1$0.1$0.0$0.0
Basic EPS from continuing operations-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Diluted EPS from continuing operations-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Diluted EPS from discontinued operations-$0.1$0.0-$0.0$0.0$0.0$0.0
Dividends per share declared$0.3$0.1$0.1$0.1$0.0$0.0
Dividends per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
Diluted EPS from Continuing Operations-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Diluted EPS from Discontinued Operations-$0.1$0.0-$0.0$0.0$0.0$0.0
EPS - Discontinued Operations (Diluted)-$0.1$0.0-$0.0$0.0$0.0$0.0
Dividends per share declared$0.25$0.13$0.13$0.13$0.01$0.01
Diluted EPS from discontinued operations-$0.1$0.0-$0.0$0.0$0.0$0.0
Common Stock Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
EPS from continuing operations-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Discontinued operations per diluted share-$0.1$0.0-$0.0$0.0$0.0$0.0
Common Stock Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
Common stock dividends per share declared$0.3$0.1$0.1$0.1$0.0$0.0
Basic EPS from continuing operations-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Common Stock Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
Common Stock Dividends Per Share Declared$0.3$0.1$0.1$0.1$0.0$0.0
EPS from Discontinued Operations (Diluted)-$0.1$0.0-$0.0$0.0$0.0$0.0
Common stock dividends per share declared$0.3$0.1$0.1$0.1$0.0$0.0
Weighted-average shares, basic169.1M165.2M167.7M163.6M164.5M163.7M
Weighted-average shares, diluted170.5M167.7M170.7M165.9M167.3M167.7M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisition and integration costs$4.9M$2.7M$639.0K$1.9M$807.0K$335.0K
Other Costs and Expenses$19.6M$16.1M$16.1M$24.9M$33.8M$29.0M
Other operating charges$19.6M$16.1M$16.1M$24.9M$33.8M$29.0M
Loan Portfolio Expense$12.7M$15.8M$11.0M$9.8M$4.6M$15.7M
Other operating expenses$19.6M$16.1M$16.1M$24.9M$33.8M$29.0M
Professional fees$7.6M$5.5M$6.4M$6.0M$13.0M$6.7M
Provision for credit losses$285.0M-$109.6M$8.6M$38.0M$150.0M$70.9M
Total operating expenses$106.9M$72.6M$70.3M$74.3M$100.0M$82.7M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders-$318.1M$77.5M-$57.5M-$20.7M-$236.2M-$203.7M
Common Dividends Declared (Per Share)$0.3$0.1$0.1$0.1$0.0$0.0
Income from discontinued operations-$17.2M-$445.0K-$4.9M$210.0K-$47.0K$0.0
Net earnings to common-$318.1M$77.5M-$57.5M-$20.7M-$236.2M-$203.7M
Net Income Available to Common Shareholders-$318.1M$77.5M-$57.5M-$20.7M-$236.2M-$203.7M
Net income-$314.8M$82.0M-$53.7M-$16.7M-$232.6M-$200.1M
Preferred stock dividends$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Income from Continuing Operations Attributable to Common Shareowners-$1.8$0.5-$0.3-$0.1-$1.4-$1.3
Income (Loss) from Discontinued Operations, Before Tax-$23.0M-$594.0K-$6.6M$280.0K-$63.0K$0.0
Income Tax Expense (Benefit) from Discontinued Operations-$5.7M-$149.0K-$1.6M$70.0K-$16.0K$0.0
Net income attributable to common stock-$318.1M$77.5M-$57.5M-$20.7M-$236.2M-$203.7M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other operating income$13.6M$11.6M$11.3M$14.8M$16.0M$18.1M
Net interest income$50.1M$14.5M$16.9M$10.5M$13.1M-$15.1M
Net interest income after provision for credit losses-$235.0M$124.1M$8.3M-$27.5M-$136.9M-$86.0M
Total interest income$204.0M$155.0M$152.7M$137.5M$124.0M$81.7M
Total noninterest income—$25.7M-$26.7M$74.9M—-$48.0M
Total revenue$204.0M$155.0M$152.7M$137.5M$124.0M$81.7M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Tax Effect of Discontinued Operations-$5.7M-$149.0K-$1.6M$70.0K-$16.0K$0.0
Tax Effect of Discontinued Operations-$5.7M-$149.0K-$1.6M$70.0K-$16.0K$0.0
Income tax expense-$17.3M-$5.2M-$39.9M-$9.9M-$31.6M-$16.7M
Tax Effect of Discontinued Operations-$5.7M-$149.0K-$1.6M$70.0K-$16.0K$0.0
Tax Provision for Discontinued Operations-$5.7M-$149.0K-$1.6M$70.0K-$16.0K$0.0
Tax Effect of Discontinued Operations-$5.7M-$149.0K-$1.6M$70.0K-$16.0K$0.0

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$6.1M-$4.0M-$144.0K$7.4M$1.3M$2.1M
Interest expense$153.9M$140.5M$135.8M$127.0M$110.9M$96.8M
Net investment gains (losses)-$10.9M$10.7M$18.2M-$160.4M-$10.6M-$60.1M
Unrealized Gain (Loss) on Equity Securities-$17.0M-$1.8M-$1.6M$2.9M-$12.7M-$6.9M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes-$314.8M$77.2M-$88.7M-$26.9M-$264.2M-$216.8M