Interest Expense
Ready Capital Interest Expense decreased by 12.6% to $96.83M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 31.1%, from $140.47M to $96.83M. Over 4 years (FY 2021 to FY 2025), Interest Expense shows an upward trend with a 25.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase may signal higher leverage or rising market interest rates, potentially compressing net interest margins.
Detailed definition
The total cost of interest incurred on all debt obligations, including borrowings, credit facilities, and other interest...
Peer comparison
Standard across all financial institutions; peers report this as interest expense on debt.
interest_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $55.42M | $50.14M | $48.06M | $61.02M | $80.83M | $115.50M | $135.02M | $158.87M | $172.53M | $191.61M | $191.93M | $183.81M | $183.17M | $175.57M | $153.91M | $140.47M | $135.84M | $126.97M | $110.85M | $96.83M |
| QoQ Change | — | -9.5% | -4.1% | +27.0% | +32.5% | +42.9% | +16.9% | +17.7% | +8.6% | +11.1% | +0.2% | -4.2% | -0.3% | -4.1% | -12.3% | -8.7% | -3.3% | -6.5% | -12.7% | -12.6% |
| YoY Change | — | — | — | — | +45.9% | +130.4% | +181.0% | +160.4% | +113.5% | +65.9% | +42.1% | +15.7% | +6.2% | -8.4% | -19.8% | -23.6% | -25.8% | -27.7% | -28.0% | -31.1% |
Business Segments — Sbc Lending And Acquisitions
| Segment | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|
| Small Business Lending | $7.17M | $5.69M | $5.92M | $7.10M | $9.37M | $9.72M | $20.77M | $25.98M |
| Lmm Commercial Real Estate | $41.20M | $91.09M | $91.09M | $91.09M | — | — | — | — |
| Residential Mortgage Banking | $2.20M | $1.96M | $2.23M | $2.48M | $1.53M | — | — | — |
| Sbc Lending And Acquisitions | $47.19M | $53.09M | $72.69M | $105.56M | $149.49M | — | — | — |
| Total | $48.06M | $61.02M | $80.83M | $115.50M | $158.87M | $172.53M | $191.61M | $191.93M |
Lmm Commercial Real Estate, Residential Mortgage Banking, Sbc Lending And Acquisitions, Small Business Lending were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — LMM Commercial Real Estate
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| LMM Commercial Real Estate | $158.34M | $150.49M | $131.13M | $120.35M | $116.09M | $106.56M | $91.75M | $80.67M |
| Small Business Lending | $24.82M | $25.08M | $22.78M | $20.11M | $19.75M | $20.42M | $19.11M | $16.16M |
| Total | $183.17M | $175.57M | $153.91M | $140.47M | $135.84M | $126.97M | $110.85M | $96.83M |
Interest Expense at Other Companies
Frequently Asked Questions
- What is Ready Capital's interest expense?
- Ready Capital (RC) reported interest expense of $96.83M in Q1 2026.
- How has Ready Capital's interest expense changed year-over-year?
- Ready Capital's interest expense decreased by 31.1% year-over-year, from $140.47M to $96.83M.
- What is the long-term trend for Ready Capital's interest expense?
- Over 4 years (2021 to 2025), Ready Capital's interest expense has grown at a 25.9% compound annual growth rate (CAGR), from $204.37M to $514.13M.
- What does interest expense mean?
- The total interest costs paid on the company's debt and borrowings.