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Ready Capital RC Gain on bargain purchase

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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$308.17M-50.4%
Enterprise value$1.42B-41.5%
P/S0.7×-0.1×

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:BusinessCombinationBargainPurchaseGainLossRecognizedAmount.

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, except share data)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Net unrealized gain (loss) on financial instruments(4,173)(1,614)(11,093)(3,364)
Valuation allowance, loans held for sale2,447(39,746)(4,110)(139,464)
Servicing income, net of amortization and impairment of $11,207 and $17,794 for the three and six months ended June 30, 2026, and $12,874 and $18,168 for the three and six months ended June 30, 2025, respectively72(304)5,4936,152
Gain (loss) on bargain purchase(14,381)88,090
Income (loss) on unconsolidated joint ventures1,276(144)3,335(4,126)
Other income14,21411,30432,27922,894
Total non-interest income (expense)$(8,385)$(26,671)$(56,402)$(935)
Non-interest expense

Item 1. Financial Statements (Unaudited)

FAQ

What is Ready Capital's gain on bargain purchase?
Ready Capital (RC) reported gain on bargain purchase of $0 in Q2 2026.
How has Ready Capital's gain on bargain purchase changed year-over-year?
Ready Capital's gain on bargain purchase increased by 100.0% year-over-year, from -$14.38M to $0.
What does gain on bargain purchase mean?
Gain on bargain purchase as reported by Ready Capital Corporation.

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