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Ready Capital Corporation(RCB)Earnings, Financials & Key Ratios
RCB•NYSE•REIT / Real Estate
$25.34
Price updated Jun 20, 2026
AboutReady Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. It operates through the following segments: SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. The SBC Lending and Acquisitions segment is involved in the SBC loans across the full life-cycle of an SBC property including construction, bridge, stabilized, and agency loan origination channels through wholly-owned subsidiary, ReadyCap Commercial, LLC. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program through wholly-owned subsidiary, ReadyCap Lending, LLC. The Residential Mortgage Banking segment focuses on the residential mortgage loan origination segment through wholly-owned subsidiary, GMFS, LLC. The company was founded in November 2011 and is headquartered in New York, NY.Show more
- Revenue$499M-44.9%
- FFO-$226M+46.7%
- FFO/Share-1.35+46.1%
- FFO Payout0%
- FFO per Share-1.35+46.1%
- NOI Margin87.67%-0.5%
- FFO Margin-45.27%+3.2%
- ROE-12.76%+34.1%
- ROA-2.56%+35.0%
RCB Price & Volume
Ready Capital Corporation (RCB) stock price & volume — 10-year historical chart
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Persistent Earnings Volatility Masks Structural Credit Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Portfolio Credit Quality Erosion
Key Thesis Takeaways
- Ready Capital faces a precarious fundamental outlook characterized by extreme revenue instability, with quarterly figures swinging from $320.8 million in 2023Q4 to negative results in 2026Q1.
- The company's reliance on fair value accounting for its loan portfolio creates significant earnings noise, as evidenced by a -$203.7 million net loss in 2026Q1 that obscures the true economic health of its underlying assets.
- Investors should remain cautious as the firm attempts to navigate a shrinking asset base, which has contracted from $12.4 billion in 2023Q4 to $6.3 billion in 2026Q1, while struggling to maintain consistent dividend coverage.
Verdict Logic
the company's inability to generate positive FFO, which reached -$1.21 per share in 2026Q1, suggests that current dividend distributions are not supported by recurring operational cash flow.
RCB Growth Metrics
Ready Capital Corporation (RCB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years11.47%
5 Years-4.69%
3 Years7.32%
TTM-82.95%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-308.9%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-268.43%
Return on Capital
10 Years1.62%
5 Years2.15%
3 Years1.74%
Last Year1.44%
RCB Recent Earnings
Ready Capital Corporation (RCB) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 5/12 qtrs (42%)
Q1 2026Latest
Feb 26, 2026Metric
Actual
Est
EPS
$0.43-210.4%
$0.14
Rev
$14M-116.8%
$84M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.11+53.4%
$0.24
Rev
$623,000-100.9%
$73M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.14-1300.0%
$0.01
Rev
$182M+7.5%
$169M
Q2 2025
May 8, 2025Metric
Actual
Est
EPS
$0.09-175.0%
$0.12
Rev
$74M-135.7%
$207M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.43vs $0.14-210.4% | $14Mvs $84M-116.8% |
| Q4 2025 | Nov 6, 2025 | $0.11vs $0.24+53.4% | $623,000vs $73M-100.9% |
| Q3 2025 | Aug 7, 2025 | $0.14vs $0.01-1300.0% | $182Mvs $169M+7.5% |
| Q2 2025 | May 8, 2025 | $0.09vs $0.12-175.0% | $74Mvs $207M-135.7% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Ready Capital Corporation (RCB)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $25.34 | $4.13B | -9.75 | -44.93% | -45.83% | -12.76% | 4.81% | |
| $4.43 | $245.78M | -270.12 | -2.79% | -24.91% | -3.88% | — | |
| $17.15 | $2.89B | 26.80 | -13.96% | 6.75% | 2.93% | — | |
| $8.41 | $650.16M | 14.75 | 123.25% | 23.2% | 5.7% | — | |
| $1.44 | $69M | -1.24 | 187.77% | -30.49% | -7.1% | — | |
| $7.12 | $457.82M | -6.78 | -22.72% | -23.56% | -8.4% | — |
Compare RCB vs Peers
Ready Capital Corporation (RCB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
RCB SEC Filings & Documents
Ready Capital Corporation (RCB) SEC filings — annual & quarterly reports (10-K, 10-Q)
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RCB Frequently Asked Questions
Ready Capital Corporation (RCB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Ready Capital Corporation's revenue?
Ready Capital Corporation (RCB) reported $73.8M in revenue for fiscal year 2025. This represents a 99% decrease from $9.40B in 2012.
How fast is Ready Capital Corporation growing?
Ready Capital Corporation (RCB) saw revenue decline by 44.9% over the past year.
Is RCB profitable?
Ready Capital Corporation (RCB) reported a net loss of $512.1M for fiscal year 2025.
Dividend & Returns
Does RCB pay dividends?
Yes, Ready Capital Corporation (RCB) pays a dividend with a yield of 4.81%. This makes it attractive for income-focused investors.
What is RCB's return on equity?
Ready Capital Corporation (RCB) has a return on equity (ROE) of -12.8%. Negative ROE indicates the company is unprofitable.
Industry Metrics
What is Ready Capital Corporation's FFO?
Ready Capital Corporation (RCB) generated Funds From Operations (FFO) of $-491.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is RCB a good dividend stock?
Ready Capital Corporation (RCB) offers a 4.81% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.