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Ready Capital Corp

RC Real Estate Reit Mortgage

Ready Capital Corp’s revenue for fiscal 2025 (year ended December 2025) was $569.2 million, down 36.5% from fiscal 2024. In the quarter to June 2026, revenue fell 49.3%, EPS fell 85.3%, free cash flow grew 231.2% and total debt fell 37.2%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

1.10 0.02 −1.79%
Market cap
$185.0M
P/E
0.0×
Fwd P/E
−0.7×
Dividend yield
3.64%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.08
Total sells 0.01
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — 1 — — — — — — —
Sell — — — — — — 1 — — — — —
Insider Ownership 10.95%

Capital & Financial Ratios $m

Market Cap 185.01
Revenue 420.60
Net Income (549.12)
Free Cash Flow 1,249.31
Net Debt 2,896.67
Current Ratio 1.91
Debt/Equity 2.29
P/E ratio 0.00
Fwd P/E (0.73) (negative: loss-making)
P/S ratio 0.43
P/B ratio 0.15
Past 5Y EPS Growth —
This Y EPS Growth (20.87%) (below 0%: weak)
Next Y EPS Growth 64.15% (at or above 15%: strong)
Next Y revenue growth (38.33%) (below 0%: weak)
Next 5Y EPS Growth 64.44% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.3×, against a ten-year median of 7.9×; over the ten years it ranged from 2.1× in 2016 to 12.1× in 2021.
P/S against its own 10 years 0.15%
10-year low 10-year high
P/B against its own 10 years 0.15%
10-year low 10-year high
EV/Sales against its own 10 years 40.47%
10-year low 10-year high
EV/FCF against its own 10 years 0.16%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 0.04
Annual Dividend Yield 3.64%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.04
0.01
0.01
0.01
2025 0.46
0.13
0.13
0.13
0.01
2024 1.10
0.30
0.30
0.25
0.25
2023 1.20
0.40
0.26
0.14
0.36
0.30
2022 1.66
0.42
0.42
0.42
0.40
2021 1.56
0.30
0.10
0.42
0.42
0.42
2020 1.30
0.40
0.25
0.30
0.35
2019 1.60
0.40
0.40
0.40
0.40
2018 1.57
0.37
0.40
0.40
0.40
2017 1.48
0.37
0.37
0.37
0.37
2016 1.85
0.40
0.40
0.40
0.30
0.35
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 169 174 248 174
Receivables — — — —
Inventory — — — —
Other — — — —
4,298 3,825 4,368 3,894
2023 2024 2025 Q'26
Payables 207 188 172 166
ST’ Debt 2,102 2,035 2,789 1,877
Other — — — —
2,310 2,223 2,961 2,042

Compound Annual Growth %

10y 5y 3y
Sales 14.35% 17.09% (4.97%)
Cash Flow 31.24% 44.37% 6.36%
Earnings 0.00% 0.00% 0.00%
Book Value 13.15% 14.64% (4.40%)

Revenue $m

Mar Jun Sep Dec Year
’26 82 77 — — —
’25 155 153 137 124 569
’24 232 234 227 204 897
’23 216 231 249 250 946
’22 124 154 186 199 663
’21 73 103 105 114 395
’20 70 63 61 65 259
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 590 75 — — —
’25 108 (100) 435 (11) 432
’24 23 1 221 29 275
’23 (1) 38 44 (30) 51
’22 15 64 63 217 359
’21 (50) 71 (101) 46 (34)
’20 (100) 148 (48) 69 69
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 627 130 — — —
’25 116 (99) 488 4 509
’24 25 34 243 40 342
’23 33 39 57 0 129
’22 16 65 68 218 367
’21 (49) 72 (101) 88 7
’20 (92) 149 (49) 87 86
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (1.25) (0.63) — — —
’25 0.46 (0.34) (0.13) (1.46) (1.44)
’24 (0.44) (0.23) (0.07) (1.90) (2.63)
’23 0.29 1.76 0.25 0.04 2.22
’22 0.66 0.45 0.50 0.06 1.66
’21 0.49 0.38 0.60 0.68 2.17
’20 (0.98) 0.62 0.63 0.49 0.81
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 12.40 13.00 13.44 13.57 3.92 11.28 9.69 9.19 6.65 2.09

Analyst estimates 2026–2028

Powerpack
High 16.00 16.20 17.30 16.90 16.90 16.78 16.43 13.49 10.36 7.14
People
People Employees — — — — — — — 374 475 442
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.53 1.89 1.29
Income, $m
Income, $m Revenue 137 138 169 230 259 395 663 946 897 569
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
EBT 65 48 63 65 54 132 175 358 (517) (303)
EBT margin, % 47.59 34.46 37.08 28.06 21.05 33.44 26.39 37.90 (57.58) (53.16)
Net income 53 46 61 75 46 160 203 348 (430) (221)
Depreciation 1 15 15 14 34 (24) 2 67 53 48
Per share, $
Per share, $ Revenue 5.14 4.41 5.28 5.47 4.81 5.77 6.21 6.44 5.30 3.46
Earnings 1.85 1.38 1.84 1.72 0.81 2.17 1.73 2.25 (2.63) (1.44)
Cash flow 0.62 11.24 4.37 (1.25) 1.28 (0.50) 3.36 0.35 1.63 2.63
Capex 0.25 0.15 (0.01) (0.02) 0.32 0.61 0.07 0.53 0.40 0.47
Free cash flow 0.87 11.40 4.36 (1.27) 1.60 0.11 3.43 0.88 2.02 3.09
Book value 20.72 17.72 17.58 20.11 15.52 18.69 17.69 18.02 11.50 10.04
Shares, m 27 31 32 42 54 69 107 147 169 165
Valuation, ×
Valuation, × P/E 11.70 11.01 7.40 8.29 16.38 7.20 6.35 4.16 0.00 0.00
P/S 2.63 3.45 2.62 2.82 2.59 2.71 1.82 1.59 1.29 0.63
P/B 0.65 0.86 0.79 0.77 0.80 0.92 0.68 0.59 0.63 0.23
EV/Sales 6.90 9.30 9.04 9.39 8.58 10.64 7.23 4.81 4.85 7.51
EV/FCF 40.88 3.56 10.75 (40.40) 23.56 161.12 13.12 35.45 12.74 8.42
Cash, $m
Cash, $m Operating cash flow 16 352 140 (52) 69 (34) 359 51 275 432
Capex 7 5 0 (1) 17 42 8 78 67 77
Free cash flow 23 357 140 (53) 86 7 367 129 342 509
Balance, $m
Balance, $m Working capital 765 739 649 919 986 1,242 1,106 1,988 1,602 1,408
Total debt 2,745 884 1,172 1,630 1,737 3,415 3,784 3,212 3,368 4,164
Net debt 2,346 809 1,089 1,510 1,550 3,134 3,589 3,044 3,194 3,917
Shareholders’ equity 552 555 564 845 834 1,281 1,890 2,647 1,944 1,652
Returns, %
Returns, % ROA 1.99 1.69 2.13 1.82 0.87 2.02 1.76 2.75 (3.93) (2.65)
ROIC 2.96 6.38 6.87 6.33 7.25 5.84 7.70 10.38 11.04 6.44
ROE 9.53 7.82 10.59 10.36 5.34 15.00 12.64 15.40 (20.40) (14.12)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Ready Capital Corp vs peers in Reit Mortgage (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
KREF KKR Real Estate Finance Trust $352.3M — (loss-making) — (loss-making) −41.60% (below 0%: shrinking) n/m −137.85% (below 0%: shrinking) 100.00% (560.14%) Compare
NREF NexPoint Real Estate Finance, Inc. $288.9M 6.5× 10.9× +11.50% (above 0%: growing) −46.30% (below 0%: shrinking) −363.98% (below 0%: shrinking) 100.00% 25.54% Compare
REFI Chicago Atlantic Real Estate Finance, Inc. $240.6M 6.7× 7.0× −11.02% (below 0%: shrinking) −16.67% (below 0%: shrinking) +40.10% (above 0%: growing) 100.00% 59.97% Compare
ACRE Ares Commercial Real Estate Corporation $198.6M — (loss-making) 103× +14.25% (above 0%: growing) n/m +1,481.15% (above 0%: growing) 100.00% 37.52% Compare
RC Ready Capital Corp $185.0M — (loss-making) — (loss-making) −49.32% (below 0%: shrinking) n/m +231.22% (above 0%: growing) 100.00% 101.65%
MITT TPG Mortgage Investment Trust Inc. $176.2M 7.2× 11.8× +11.99% (above 0%: growing) n/m +110.45% (above 0%: growing) 100.00% 100.45% Compare
AOMR Angel Oak Mortgage REIT Inc. $167.6M 9.1× 14.1× +17.96% (above 0%: growing) +366.67% (above 0%: growing) −496.84% (below 0%: shrinking) 25.95% 8.10% Compare
CMTG Claros Mortgage Trust, Inc. $166.5M — (loss-making) — (loss-making) −42.45% (below 0%: shrinking) n/m +58.23% (above 0%: growing) 76.18% (64.67%) Compare
ACR ACRES Commercial Realty Corp. $140.9M — (loss-making) — (loss-making) −4.08% (below 0%: shrinking) n/m −57.74% (below 0%: shrinking) 92.55% (26.38%) Compare
Median of peers $187.4M 7.0× 11.8× +3.71% −16.67% −8.82% 100.00% 16.82%

All 37 Reit Mortgage stocks →

Ready Capital Corp (RC) key facts

  • Concern: Ready Capital Corp’s revenue for fiscal 2025 (year ended December 2025) was $569.2 million, down 36.5% from fiscal 2024.
  • Ready Capital Corp (RC) is a Reit Mortgage company in the Real Estate sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, RC traded at $1.10, a market capitalization of $185.0 million.
  • Ready Capital Corp pays an annual dividend of $0.04 per share, a yield of 3.64%.
  • Return on equity was −14.1% and debt-to-equity 2.29.
  • Its Piotroski F-score is 4 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Ready Capital Corp (RC) Latest News

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stockrow.com/RC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com