Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) Financials
Newest figures come from the 10-Q for Q1 FY2026, filed May 8, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RCB SEC filings page.
Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) reported $495.9M in revenue over the twelve months to Mar 31, 2026, down 39.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The financing-heavy model is shrinking its asset base while cash flow diverges from earnings.
FY2024 and FY2025 both produced positive operating cash flow even as net income was negative; FY2023 provides the counterexample, with positive earnings but only$51M of operating cash flow. That reversal means reported profit is not a dependable proxy for cash generation here: accounting results and operating cash are being shaped by different timing or noncash components across periods.
The balance sheet has contracted sharply: total assets fell from
Interest expense was
Financial Health Signals
Ready Capital Corporation 6.20% Senior Notes due 2026 does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Ready Capital Corporation 6.20% Senior Notes due 2026 passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Ready Capital Corporation 6.20% Senior Notes due 2026 reported a net loss of $221.1M while generating $432.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Ready Capital Corporation 6.20% Senior Notes due 2026 generated $81.7M in revenue in Q1 2026. This represents a decrease of 47.3% from the same quarter a year earlier. Against the prior quarter it is down 34.1%.
Ready Capital Corporation 6.20% Senior Notes due 2026 reported -$200.1M in net income in Q1 2026. This represents a decrease of 344.1% from the same quarter a year earlier. Against the prior quarter it is up 14.0%.
Ready Capital Corporation 6.20% Senior Notes due 2026 earned -$1.25 per diluted share (EPS) in Q1 2026. This represents a decrease of 371.7% from the same quarter a year earlier.
Not reported for Q1 2026.
Cash & Balance Sheet
Ready Capital Corporation 6.20% Senior Notes due 2026 held $200.4M in cash against $1.3B in long-term debt as of Q1 2026.
Ready Capital Corporation 6.20% Senior Notes due 2026 paid $0.01 per share in dividends in Q1 2026. This represents a decrease of 92.0% from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q1 2026.
Margins & Returns
Ready Capital Corporation 6.20% Senior Notes due 2026's ROE was -14.9% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 19.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.
Not reported for Q1 2026.
Not reported for Q1 2026.
Not shown for Q1 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Ready Capital Corporation 6.20% Senior Notes due 2026 repurchased no shares in Q1 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.
Not reported for Q1 2026.
Not reported for Q1 2026.
RCB Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $81.7M-47.3% | $124.0M-39.2% | $137.5M-39.3% | $152.7M-34.8% | $155.0M-33.3% | $204.0M-18.5% | $226.5M-8.9% | $234.1M+1.3% |
| SG&A Expenses | $82.7M+14.0% | $100.0M-6.4% | $74.3M+6.3% | $70.3M+4.2% | $72.6M-7.2% | $106.9M-3.6% | $69.9M+6.8% | $67.4M-4.6% |
| Interest Expense | $96.8M-31.1% | $110.9M-28.0% | $127.0M-27.7% | $135.8M-25.8% | $140.5M-23.6% | $153.9M-20.4% | $175.6M-8.4% | $183.2M+6.2% |
| Income Tax | -$16.7M-220.2% | -$31.6M-82.6% | -$9.9M-18.2% | -$39.9M+17.8% | -$5.2M+82.8% | -$17.3M-1462.5% | -$8.4M-399.3% | -$48.6M-2314.2% |
| Net Income | -$200.1M-344.1% | -$232.6M+26.1% | -$16.7M-129.9% | -$53.7M-56.9% | $82.0M+210.5% | -$314.8M-2992.7% | -$7.3M-115.4% | -$34.2M-113.5% |
| EPS (Basic) | -$1.25-366.0% | N/A | -$0.13-85.7% | -$0.34-47.8% | $0.47+206.8% | N/A | -$0.07-128.0% | -$0.23-112.3% |
| EPS (Diluted) | -$1.25-371.7% | N/A | -$0.13-85.7% | -$0.34-47.8% | $0.46+204.5% | N/A | -$0.07 | -$0.23-113.1% |
| Diluted Shares (Avg) | 168M0.0% | N/A | 166M-2.1% | 171M+0.5% | 168M-3.1% | N/A | 170M | 170M+20.0% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
RCB Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.3B-36.7% | $7.8B-23.4% | $8.3B-26.0% | $9.3B-20.9% | $10.0B-17.2% | $10.1B-18.5% | $11.3B-12.1% | $11.8B-4.9% |
| Cash & Equivalents | $200.4M-2.7% | $207.8M+44.5% | $147.5M-18.6% | $162.9M-28.0% | $205.9M+24.0% | $143.8M+3.8% | $181.3M+9.4% | $226.3M+14.5% |
| Goodwill | $49.5M0.0% | $49.5M0.0% | $49.5M+2.3% | $49.5M+0.8% | $49.5M+28.5% | $49.5M+28.5% | $48.4M+28.0% | $49.1M+29.8% |
| Total Liabilities | $4.9B-38.6% | $6.1B-25.4% | $6.4B-27.7% | $7.4B-21.3% | $7.9B-16.9% | $8.2B-16.3% | $8.9B-11.7% | $9.4B-3.1% |
| Long-Term Debt | $1.3B-15.3% | $1.4B+3.2% | $1.4B+15.1% | $1.4B+17.1% | $1.5B+33.9% | $1.3B+20.1% | $1.2B+8.8% | $1.2B-3.1% |
| Total Equity | $1.3B-31.0% | $1.5B-16.0% | $1.8B-20.5% | $1.8B-20.3% | $1.9B-19.2% | $1.8B-27.6% | $2.2B-13.8% | $2.3B-11.9% |
| Retained Earnings | -$1.0B-125.0% | -$807.5M-59.9% | -$569.7M-290.2% | -$528.5M-472.5% | -$450.3M-12598.1% | -$505.1M-506.0% | -$146.0M-186.6% | -$92.3M-149.3% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities.
RCB Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $590.2M+444.1% | -$10.8M-136.9% | $434.7M+96.6% | -$100.3M-9586.0% | $108.5M+362.6% | $29.2M+198.3% | $221.1M+407.9% | $1.1M-97.2% |
| Depreciation & Amortization | $1.6M | N/A | $1.1M | N/A | $0 | N/A | $0 | N/A |
| Stock-Based Compensation | $1.6M-8.7% | N/A | $1.6M-11.1% | $1.6M-15.8% | $1.8M-5.8% | N/A | $1.8M-21.7% | $1.9M-5.0% |
| Investing Cash Flow | $668.9M+117.7% | $360.1M-32.9% | $493.4M+32.3% | $481.8M+50.5% | $307.3M+0.8% | $537.0M+25.1% | $373.0M+45.4% | $320.2M+12.1% |
| Financing Cash Flow | -$1.3B-257.0% | -$294.3M+51.6% | -$956.1M-48.2% | -$432.3M-61.8% | -$355.0M+1.3% | -$607.9M-41.7% | -$645.0M-71.0% | -$267.1M-47.1% |
| Dividends Paid | $3.6M-91.8% | $22.6M-49.3% | $22.8M-57.9% | $23.8M-54.8% | $44.0M-19.1% | $44.6M-31.1% | $54.3M+105.8% | $52.7M-31.3% |
| Share Buybacks | $0-100.0% | $1.9M-95.6% | $10.6M | $37.7M+87.4% | $17.4M-8.6% | $43.1M | $0-100.0% | $20.1M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
RCB Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -244.8% | -187.6% | -12.2%-9.0pp | -35.1%-20.5pp | 52.9%+84.8pp | -154.3% | -3.2%-22.2pp | -14.6% |
| Return on Equity | -14.9%-19.2pp | -15.1%+2.1pp | -0.9%-0.6pp | -2.9%-1.4pp | 4.2%+7.3pp | -17.1%-17.6pp | -0.3%-2.2pp | -1.5%-11.2pp |
| Return on Assets | -3.2%-4.0pp | -3.0%+0.1pp | -0.2%-0.1pp | -0.6%-0.3pp | 0.8%+1.4pp | -3.1%-3.2pp | -0.1%-0.4pp | -0.3%-2.3pp |
| Debt-to-Equity | 0.94+0.2x | 0.89+0.2x | 0.78+0.2x | 0.76+0.2x | 0.77+0.3x | 0.73+0.3x | 0.54+0.1x | 0.520.0x |
| Asset Turnover | 0.010.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x | 0.020.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Where Ready Capital Corporation 6.20% Senior Notes due 2026 Ranks
Frequently Asked Questions
What is Ready Capital Corporation 6.20% Senior Notes due 2026's annual revenue?
Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) reported $569.2M in total revenue for fiscal year 2025. This represents a -36.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ready Capital Corporation 6.20% Senior Notes due 2026's revenue growing?
Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) revenue declined by 36.5% year-over-year, from $897.0M to $569.2M in fiscal year 2025.
Is Ready Capital Corporation 6.20% Senior Notes due 2026 profitable?
No, Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) reported a net income of -$221.1M in fiscal year 2025, with a net profit margin of -38.8%.
How much debt does Ready Capital Corporation 6.20% Senior Notes due 2026 have?
As of fiscal year 2025, Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) had $207.8M in cash and equivalents against $1.4B in long-term debt.
What is Ready Capital Corporation 6.20% Senior Notes due 2026's net profit margin?
Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) had a net profit margin of -38.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Ready Capital Corporation 6.20% Senior Notes due 2026 pay dividends?
Yes, Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) paid $0.39 per share in dividends during fiscal year 2025.
What is Ready Capital Corporation 6.20% Senior Notes due 2026's return on equity (ROE)?
Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) has a return on equity of -14.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Ready Capital Corporation 6.20% Senior Notes due 2026's operating cash flow?
Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) generated $432.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ready Capital Corporation 6.20% Senior Notes due 2026's total assets?
Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) had $7.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Ready Capital Corporation 6.20% Senior Notes due 2026's debt-to-equity ratio?
Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) had a debt-to-equity ratio of 0.89 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ready Capital Corporation 6.20% Senior Notes due 2026's return on assets (ROA)?
Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) had a return on assets of -2.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ready Capital Corporation 6.20% Senior Notes due 2026's Piotroski F-Score?
Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ready Capital Corporation 6.20% Senior Notes due 2026's earnings high quality?
Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) reported a net loss of $221.1M while generating $432.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.