Income Tax
Ready Capital Income Tax increased by 47.3% to -$16.67M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 220.2%, from -$5.21M to -$16.67M. Over 2 years (FY 2023 to FY 2025), Income Tax shows a downward trend with a 247.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to pre-tax income may signal a higher effective tax rate or changes in tax legislation, while a decrease may indicate tax benefits or lower jurisdictional rates.
Detailed definition
Represents the total provision for income taxes recognized by the company during the reporting period, including both cu...
Peer comparison
Highly dependent on the company's geographic footprint and tax planning strategies compared to peers.
income_tax_expenseHistorical Data
| Q2 '21 | Q3 '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 | $7.00M | $6.54M | $17.85M | $10.32M | $4.78M | $901.00K | $2.19M | $2.81M | $1.27M | -$30.21M | -$48.58M | -$8.40M | -$17.32M | -$5.21M | -$39.94M | -$9.94M | -$31.62M | -$16.67M |
| QoQ Change | — | -6.5% | +172.9% | -42.2% | -53.7% | -81.1% | +143.5% | +28.0% | -54.7% | <-999% | -60.8% | +82.7% | -106.1% | +69.9% | -667.0% | +75.1% | -218.3% | +47.3% |
| YoY Change | — | — | — | +47.5% | -27.0% | -95.0% | -78.7% | -41.2% | — | <-999% | <-999% | -399.3% | <-999% | +82.8% | +17.8% | -18.2% | -82.6% | -220.2% |
Income Tax at Other Companies
Frequently Asked Questions
- What is Ready Capital's income tax?
- Ready Capital (RC) reported income tax of -$16.67M in Q1 2026.
- How has Ready Capital's income tax changed year-over-year?
- Ready Capital's income tax decreased by 220.2% year-over-year, from -$5.21M to -$16.67M.
- What is the long-term trend for Ready Capital's income tax?
- Over 2 years (2023 to 2025), Ready Capital's income tax has grown at a 247.6% compound annual growth rate (CAGR), from $7.17M to -$86.70M.
- What does income tax mean?
- The total amount of income tax the company is required to pay on its earnings.