Ready Capital CorpRCEarnings & Financial Report
Ready Capital Corp is a leading US-based commercial real estate finance firm. It offers tailored lending solutions including multifamily property loans, small balance commercial real estate mortgages, construction financing, and mortgage servicing services. Its core client segments include real estate investors, small business operators, and property developers across the United States.
Revenue
$50.1M
Gross Profit
N/A
Operating Profit
$-314.8M
Net Profit
$-314.8M
Gross Margin
N/A
Operating Margin
-629.0%
Net Margin
-628.8%
YoY Growth
-4.7%
EPS
$-1.89
Ready Capital Corp Q4 FY2024 Financial Summary
Ready Capital Corp reported revenue of $50.1M (down 4.7% YoY) for Q4 FY2024, with a net profit of $-314.8M (down 2992.7% YoY) (-628.8% margin).
Key Financial Metrics
| Total Revenue | $50.1M |
|---|---|
| Net Profit | $-314.8M |
| Gross Margin | N/A |
| Operating Margin | -629.0% |
| Report Period | Q4 FY2024 |
Ready Capital Corp Annual Revenue by Year
Ready Capital Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $155.7M).
| Year | Annual Revenue |
|---|---|
| 2025 | $155.7M |
| 2024 | $256.8M |
| 2023 | $229.3M |
| 2022 | $270.9M |
Ready Capital Corp Quarterly Revenue & Net Profit History
Ready Capital Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $13.1M | -73.8% | $-232.6M | -1772.7% |
| Q3 FY2025 | $85.4M | -20.3% | $-16.7M | -19.6% |
| Q2 FY2025 | $16.9M | -66.8% | $-53.7M | -317.7% |
| Q1 FY2025 | $40.2M | -70.1% | $82.0M | 203.7% |
| Q4 FY2024 | $50.1M | -4.7% | $-314.8M | -628.8% |
| Q3 FY2024 | $107.2M | +7.6% | $-7.3M | -6.8% |
| Q2 FY2024 | $51.0M | -16.2% | $-34.2M | -67.1% |
| Q1 FY2024 | $48.5M | -15.0% | $-74.2M | -152.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $48.5M | $51.0M | $107.2M | $50.1M | $40.2M | $16.9M | $85.4M | $13.1M |
| YoY Growth | -15.0% | -16.2% | 7.6% | -4.7% | -70.1% | -66.8% | -20.3% | -73.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $12.04B | $11.77B | $11.25B | $10.14B | $9.98B | $9.31B | $8.33B | $7.77B |
| Liabilities | $9.54B | $9.37B | $8.91B | $8.20B | $7.93B | $7.37B | $6.45B | $6.12B |
| Equity | $2.40B | $2.29B | $2.23B | $1.84B | $1.94B | $1.83B | $1.77B | $1.54B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $23.4M | $1.1M | $221.1M | $274.8M | $108.5M | $-100.3M | $434.7M | $432.1M |