What is Ready Capital's ppp receivables?

Ready Capital (RC) reported ppp receivables of $6.82M in Q1 2026.

How has Ready Capital's ppp receivables changed year-over-year?

Ready Capital's ppp receivables decreased by 54.2% year-over-year, from $14.88M to $6.82M.

What is the long-term trend for Ready Capital's ppp receivables?

Over 2 years (2023 to 2025), Ready Capital's ppp receivables has grown at a -49.6% compound annual growth rate (CAGR), from $34.60M to $8.78M.

Other

PPP receivables

Ready Capital PPP receivables decreased by 22.3% to $6.82M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 54.2%, from $14.88M to $6.82M. Over 2 years (FY 2023 to FY 2025), PPP receivables shows a downward trend with a -49.6% CAGR.

Analysis

StatementBalance Sheet Statement

SectionOther

First reportedQ4 2023

Last reportedQ1 2026May 8, 2026

Metric ID: other_paycheck_protection_program_fee_receivable

Historical Data

8 periods

	Q4 '23	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$34.60M	$23.32M	$18.36M	$14.88M	$12.59M	$10.64M	$8.78M	$6.82M
QoQ Change	—	-32.6%	-21.3%	-19.0%	-15.4%	-15.5%	-17.5%	-22.3%
YoY Change	—	—	-46.9%	—	—	-54.4%	-52.2%	-54.2%

Range$6.82M – $34.60M

CAGR-60.5%

Avg YoY Growth-51.9%

Median YoY Growth-53.2%

Current Streak7+ quarters decline

Frequently Asked Questions

What is Ready Capital's ppp receivables?: Ready Capital (RC) reported ppp receivables of $6.82M in Q1 2026.
How has Ready Capital's ppp receivables changed year-over-year?: Ready Capital's ppp receivables decreased by 54.2% year-over-year, from $14.88M to $6.82M.
What is the long-term trend for Ready Capital's ppp receivables?: Over 2 years (2023 to 2025), Ready Capital's ppp receivables has grown at a -49.6% compound annual growth rate (CAGR), from $34.60M to $8.78M.