Pre-Tax Income
Ready Capital Pre-Tax Income increased by 18.0% to -$216.76M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 380.8%, from $77.20M to -$216.76M. Over 3 years (FY 2021 to FY 2025), Pre-Tax Income shows a downward trend with a 31.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher values indicate stronger overall profitability and operational efficiency before tax impacts.
Detailed definition
Measures the profitability of the company after all operating and non-operating expenses have been deducted, but before...
Peer comparison
A standard GAAP metric used universally to compare pre-tax performance across different industries.
income_before_taxHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '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 | $37.90M | $53.08M | $3.56M | $82.11M | $69.28M | $71.03M | $39.41M | $246.73M | $46.33M | $25.95M | -$105.79M | -$80.01M | -$15.88M | -$314.84M | $77.20M | -$88.69M | -$26.88M | -$264.19M | -$216.76M |
| QoQ Change | — | +40.0% | -93.3% | >999% | -15.6% | +2.5% | -44.5% | +526.0% | -81.2% | -44.0% | -507.6% | +24.4% | +80.2% | <-999% | +124.5% | -214.9% | +69.7% | -882.8% | +18.0% |
| YoY Change | — | — | — | — | +82.8% | +33.8% | -52.0% | +256.1% | -34.8% | — | -368.4% | -132.4% | -134.3% | <-999% | +173.0% | -10.9% | -69.3% | +16.1% | -380.8% |
Business Segments — Sbc Lending And Acquisitions
| Segment | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q2 '24 | Q3 '24 | Q1 '25 |
|---|---|---|---|---|---|---|---|---|
| Lmm Commercial Real Estate | $42.24M | — | — | — | $32.18M | -$58.53M | -$46.69M | -$19.68M |
| Small Business Lending | $19.31M | $11.81M | $8.93M | $12.08M | $17.81M | $14.29M | $15.93M | $7.90M |
| Residential Mortgage Banking | $18.48M | -$2.04M | $11.79M | $4.87M | — | — | — | — |
| Sbc Lending And Acquisitions | $47.12M | $44.02M | $34.63M | $66.58M | — | — | — | — |
| Total | $71.03M | $39.41M | $246.73M | $46.33M | $25.95M | -$80.01M | -$15.88M | $77.20M |
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 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| LMM Commercial Real Estate | -$19.68M | -$63.04M | -$43.79M | -$210.92M | -$197.25M |
| Small Business Lending | $7.90M | $3.63M | $8.42M | -$33.28M | -$7.87M |
| Total | $77.20M | -$88.69M | -$26.88M | -$264.19M | -$216.76M |
Pre-Tax Income at Other Companies
Frequently Asked Questions
- What is Ready Capital's pre-tax income?
- Ready Capital (RC) reported pre-tax income of -$216.76M in Q1 2026.
- How has Ready Capital's pre-tax income changed year-over-year?
- Ready Capital's pre-tax income decreased by 380.8% year-over-year, from $77.20M to -$216.76M.
- What is the long-term trend for Ready Capital's pre-tax income?
- Over 3 years (2021 to 2025), Ready Capital's pre-tax income has grown at a 31.8% compound annual growth rate (CAGR), from $132.16M to -$302.56M.
- What does pre-tax income mean?
- Total profit earned before accounting for income tax obligations.