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Ready Capital

RC

Ready Capital Corporation is a multi-strategy real estate finance company focused on the lower middle market (LMM) and small business sectors.

Market cap
$273.93M-64.0%
Revenue$495.9M-39.5%
Net income-$503.1M-83.4%
EPS (diluted)-$3.15-83.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$16.4M
EPS estimate-$0.48

Financials

Q1 2026

Income statement

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Revenue$81.7M-47.3%
Net income-$200.1M-344%
EPS (diluted)-$1.25-372%

Balance sheet

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Cash & equivalents$241.2M-2.9%
Total debt$1.4B-37.8%
Total equity$1.3B-31.0%
Total assets$6.3B-36.7%

Cash flow

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Operating cash flow$590.2M+444%

Valuation & ratios

Valuation

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Market cap$273.93M-64.0%
Enterprise value$1.39B-45.9%
P/S0.6×-0.5×

Profitability

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Net margin-101.4%-200pp

Returns & leverage

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Return on equity-30.7%-102pp
Debt / equity-0.1×

Competitors

Profile

Ready Capital Corporation is a multi-strategy real estate finance company focused on the lower middle market (LMM) and small business sectors. The company originates, acquires, finances, and services a diverse range of loans, including commercial real estate, small business administration (SBA), and construction loans. Its core value proposition lies in its full-service platform that adapts to market conditions to provide risk-adjusted returns through loan securitization and servicing.

Competitive position

Ready Capital is one of only 16 non-bank Small Business Lending Companies (SBLCs) with preferred lender status from the SBA.

GeographiesUnited States
Customer segmentsSmall and Medium Enterprises, Real Estate Investors, Commercial Developers
Business modelREIT, Loan Origination, Loan Servicing, Securitization
SuppliersCapital Markets, Warehouse Financing Providers, U.S. Small Business Administration, U.S. Department of Agriculture
CustomersFreddie Mac, Institutional Investors in Securitizations, Small Business Borrowers, Commercial Real Estate Investors
Listed2013
Employees374.0
CEOThomas Edward Capasse
FilingsSEC EDGAR

Questions, answered.

What is Ready Capital's market cap?
Ready Capital (RC) has a market capitalization of $273.9M and trades on NYSE.
What is Ready Capital's revenue and profitability?
Ready Capital generated $495.9M in trailing twelve-month revenue with a net loss of $503.1M, representing a net margin of -101.4%. These figures are based on the Q1 2026 filing.
Who are Ready Capital's competitors?
Ready Capital's key competitors include Arbor Realty Trust, Inc., Starwood Property Trust, Inc., NewtekOne, Inc., and others. These companies compete in similar markets and product categories.
Who does Ready Capital partner with?
Ready Capital's notable partners include Freddie Mac, Waterfall Asset Management.
What subsidiaries does Ready Capital have?
Ready Capital's subsidiaries include ReadyCap Commercial, LLC, ReadyCap Lending, LLC, Red Stone, and others.
Where is Ready Capital headquartered?
Ready Capital is headquartered in United States of America and employs approximately 374 people. It has been publicly traded since 2013.