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Ready Capital RC Non-accrual loans with an allowance

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Other financials

Income statement

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Revenue$77.4M-49.3%
Net income-$99.7M-85.7%
EPS (diluted)-$0.63-85.3%

Balance sheet

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Cash & equivalents$177.8M-20.1%
Total debt$1.3B-36.4%
Total equity$1.2B-32.2%
Total assets$6.3B-32.7%

Cash flow

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Operating cash flow$75.1M

Valuation

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Market cap$279.34M-61.2%
Enterprise value$1.4B-44.9%
P/S0.7×-0.3×

Profitability

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Net margin-130.6%-232pp

Returns & leverage

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Return on equity-35.8%-106pp
Debt / equity-0.1×

Where this comes from

Reported directly by Ready Capital in its filing.

Tagged under the XBRL concept rc:FinancingReceivableNonaccrualWithRelatedAllowance.

The source filing: Ready Capital’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:18 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054850
(in thousands)June 30, 2026December 31, 2025
Non-accrual loans
With an allowance$904,919$1,290,859
Without an allowance52,95436,265
Total carrying value of non-accrual loans$957,873$1,327,124
Allowance for loan losses related to non-accrual loans$(140,644)$(133,750)
UPB of non-accrual loans$1,112,311$1,466,969
June 30, 2026June 30, 2025
Interest income on non-accrual loans for the three months ended$7,509$2,198

Item 1. Financial Statements (Unaudited)

FAQ

What is Ready Capital's non-accrual loans with an allowance?
Ready Capital (RC) reported non-accrual loans with an allowance of $904.92M in Q2 2026.
How has Ready Capital's non-accrual loans with an allowance changed year-over-year?
Ready Capital's non-accrual loans with an allowance increased by 12.8% year-over-year, from $802.17M to $904.92M.
What is the long-term trend for Ready Capital's non-accrual loans with an allowance?
Over 2 years (2023 to 2025), Ready Capital's non-accrual loans with an allowance has grown at a 45.8% compound annual growth rate (CAGR), from $607.29M to $1.29B.
What does non-accrual loans with an allowance mean?
Non-accrual loans with an allowance as reported by Ready Capital Corporation.

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