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Ready Capital(NYSE) RC

Market Cap$181.71MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2016)-74%
5 Year-87%
1 Year-63%
1 Month-30%
Premium Feature
Moneyball Superscore
35/100
$1.18
+7.27%
+0.08Today
After hours$1.18-$0.01 (-0.42%)
Ready Capital last closing stock price
MetricPriceDate
Last closeUSD 1.162026-10-19
Ready Capital stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.85%USD 1.172026-10-12
1 month-29.55%USD 1.652026-09-18
3 month-24.06%USD 1.532026-07-21
Year to date-45.71%USD 2.142025-12-31
1 year-63.3%USD 3.162025-10-17
3 year-84.11%USD 7.302023-10-20
5 year-86.88%USD 8.842021-10-20
Since inception-73.86%USD 4.212016-11-01

Ready Capital Financials at a Glance

Market Cap

$181.71MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$409.10M

Net Income (TTM)

-$556.19M

EPS (TTM)

-$3.46

P/E Ratio

-0.32

Dividend

$0.04

Beta (Volatility)

1.03 (Average)

Price

$1.18

Volume

2,092,935.468

Open

$1.12

Previous Close

$1.16

Daily Range

$1.11 - $1.19

52-Week Range

$1.06 - $3.26

Estimated Earnings Date

Nov 5, 2026

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About Ready Capital

Ready Capital Corporation NYSE:RC helps small businesses get property loans. It provides financing for apartment buildings and offices. The company operates as a real estate investment trust.

Loans for Business Owners

  • Commercial Real Estate: Financing for apartment buildings, offices, and warehouses in the lower-to-middle-market, which focuses on properties with smaller loan requirements.
  • Small Business Lending: Loans for companies that own their facilities, guaranteed by the federal Small Business Administration (SBA) through its Section 7(a) Program.
  • Affordable Housing: Construction and permanent funding provided through tax-exempt bonds to help build or preserve low-cost residential properties.
  • Loan Servicing: Management of monthly payments and collections for commercial mortgages and small business loans on behalf of investors and government agencies.

Recent Shifts in Strategy

  • Acquired United Development Funding IV in March 2025 to increase its presence in residential development capital.
  • Exited the residential mortgage banking industry on June 30, 2025, to concentrate resources on commercial lending segments.
  • Implemented a balance sheet repositioning strategy in 2026 to sell underperforming assets and prepare for upcoming debt maturities.
  • Completed the RCLT 2026-4 small business loan securitization in June 2026 to fund new lending activities.

Specialized Licenses and Platform

Ready Capital holds a rare license as one of only 16 non-bank Small Business Lending Companies in the United States. It uses a full-service platform to manage loans through their entire life cycle, including creation, financing, and long-term servicing.

The Latest Financial Facts

  • Market capitalization was $287.6 million for the second quarter of 2026, down 60.8% year over year.
  • Total assets reached $6.3 billion as of June 30, 2026, a decrease of 19.4% from Dec. 31, 2025.
  • Net loss was $299.8 million for the six-month period ended June 30, 2026.
  • Unrestricted cash reached $124.1 million by the end of the second quarter of 2026.

Bottom Line

Ready Capital has transitioned into a specialized commercial and small business lender by divesting its residential mortgage operations. Its status as a licensed Small Business Lending Company and a real estate investment trust allows it to serve niche markets while distributing most of its earnings to shareholders.

AI Generated • Aug 8, 2026

Industry

Mortgage Real Estate Investment Trusts (REITs)

Sector

Financials

Employees

442

CEO

Tom Capasse

Website

www.readycapital.com

Headquarters

New York City, NY 10020, US

RC Financials

Key Financial Metrics (TTM)

Gross Margin

-17.82%

Operating Margin

-108.15%

Net Income Margin

-135.95%

Return on Equity

-37.62%

Return on Capital

1.63%

Return on Assets

-8.88%

Earnings Yield

-3.13%

Dividend Yield

3.64%

Payout Ratio

-9.49%

Stock Overview

Market Cap

$181.71MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

165.19M

Volume

2.09M

Avg. Volume

1.33M

Financials (TTM)

Gross Profit

-$72.92M

Operating Income

-$442.42M

EBITDA

-$324.29M

Operating Cash Flow

$1.01B

Capital Expenditure

$0.00

Free Cash Flow

$1.01B

Cash & ST Invst.

$124.15M

Total Debt

$4.66B

Ready Capital Performance Analysis

Ready Capital annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 872,496,00025.0%
20232023-12-31USD 1,145,408,00031.3%
20242024-12-31USD 907,036,000-20.8%
20252025-12-31USD 471,715,000-48.0%
Ready Capital sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-301521.0%
Q42025-12-31-27.5%
Q12026-03-31-63.5%
Q22026-06-3053.9%
Ready Capital annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 1.51-26.7%
20232023-12-31USD 2.2448.9%
20242024-12-31USD -2.63N/A
20252025-12-31USD -1.44-45.1%
Ready Capital sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3061.8%
Q42025-12-31-992.3%
Q12026-03-3112.0%
Q22026-06-3050.4%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$69.47M

+678.1%

Gross Profit

$62.26M

+370.1%

Gross Margin

89.63%

N/A

Market Cap

$181.71MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$411.11K

N/A

Employees

442

N/A

Net Income

-$101.53M

-83.0%

EBITDA

-$28.54M

-279.2%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$124.15M

-23.8%

Total Debt

$4.66B

-34.8%

Accounts Receivable

$4.34B

+2092.1%

Inventory

$0.00

N/A

Long Term Debt

$4.22B

+15.9%

Short Term Debt

$450.09M

-87.2%

Return on Assets

-8.88%

N/A

Return on Invested Capital

-7.61%

N/A

Free Cash Flow

$75.11M

+222.5%

Operating Cash Flow

$75.11M

+222.5%

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Questions About RC

What is the current price of Ready Capital?

Ready Capital is trading at $1.16 per share.

What is the 52-week range for Ready Capital?

Over the past 52 weeks, Ready Capital has traded between $1.06 and $3.26.

How much debt does Ready Capital have?

As of the most recent reporting period, Ready Capital reported total debt of $4.67B.

How much cash does Ready Capital have on hand?

Ready Capital reported $174.33M in cash and cash equivalents in its most recent financial results.

What is Ready Capital’s dividend yield?

Ready Capital currently has a dividend yield of 3.64%.

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