Welcome to our dedicated page for Ready Capital SEC filings (Ticker: RC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for Ready Capital Corporation (NYSE: RC), a Maryland-incorporated, multi-strategy real estate finance REIT focused on lower-to-middle-market commercial real estate and small business lending. Through these filings, investors can review the company’s official financial statements, risk disclosures, governance information, and material event reports.
Ready Capital’s annual reports on Form 10-K and quarterly reports on Form 10-Q contain audited and interim financial statements, segment information related to lower-to-middle-market commercial real estate and Small Business Lending, details on mortgage-backed securities and securitizations, and discussions of credit risk, funding sources, and REIT tax considerations. These filings also describe how the company defines and uses non-GAAP measures such as distributable earnings alongside GAAP net income.
The company’s current reports on Form 8-K include earnings releases, investor presentations, and information about stockholder votes at annual meetings. For example, Ready Capital has filed 8-Ks to furnish quarterly earnings releases, to provide investor presentation materials, and to report the results of stockholder votes on director elections, advisory votes on executive compensation, and the frequency of future advisory votes.
Ready Capital’s SEC filings also list its registered securities, including common stock, 6.25% Series C Cumulative Convertible Preferred Stock, 6.50% Series E Cumulative Redeemable Preferred Stock, and senior notes with stated coupon rates and maturities. These disclosures help investors understand the company’s capital structure, debt obligations, and preferred equity.
On Stock Titan, filings are updated as they are made available on EDGAR, and AI-powered tools can help summarize lengthy documents such as 10-Ks, 10-Qs, and 8-Ks. Users can quickly identify key items, such as changes in distributable earnings definitions, updates to risk factors, or new financing transactions, and can review Ready Capital’s regulatory history, including governance decisions like the frequency of advisory votes on executive compensation.
Ready Capital Corp director Nathan E. Gilbert increased his stake through open-market purchases and an equity award. He bought 10,000 shares of Common Stock on March 5, 2026 at $2.020 per share and 30,000 shares on March 6, 2026 at $1.947 per share.
On March 5, 2026 he was also granted 58,252 shares of restricted Common Stock under the Ready Capital Corporation 2023 Equity Incentive Plan, vesting in four equal installments on March 31, 2026, June 30, 2026, September 30, 2026 and December 31, 2026. After these transactions, he directly owned 216,358 shares, with an additional 7,000 shares held indirectly by his spouse.
Ahlborn Andrew reported acquisition or exercise transactions in this Form 4 filing.
Ready Capital Corp reported new equity awards for its Chief Financial Officer, Andrew Ahlborn. On March 2, 2026, he received a special time-based retention grant of 600,000 shares of restricted Common Stock, scheduled to vest on December 31, 2028, subject to continued employment with certain exceptions.
On the same date, he was also granted a special performance-based retention award of 1,800,000 performance stock units (PSUs), which may vest in up to ten approximately equal parts if specified 30-day volume weighted average price milestones are met and he remains employed. These PSUs will be settled in shares of Common Stock if stockholders approve a Plan Amendment at the 2026 annual meeting to increase the equity pool, or otherwise will be settled in cash.
On March 5, 2026, he received an additional 291,262 shares of restricted Common Stock under the 2023 Equity Incentive Plan, vesting in three equal annual installments on March 5, 2027, 2028, and 2029, also conditioned on continued employment.
Ready Capital Corporation amends its shelf registration to convert the filing to a non-automatic Form S-3 and to register up to $500,000,000 of securities for sale from time to time after the effective date. The base prospectus covers common stock, preferred stock, depositary shares, debt securities, warrants and rights. The filing also includes a sales agreement prospectus supplement that permits up to $78,366,304 of common stock to be offered, issued and sold under a sales agreement with CJMPS; any unsold portion may be offered later under the base prospectus and supplements. As context, the prospectus states 163,008,896 shares of common stock were issued and outstanding as of January 31, 2026. The prospectus explains uses of proceeds, distribution methods (including at-the-market offerings), ownership limits designed to preserve REIT status, and customary charter and governance provisions.
Ready Capital Corporation is a REIT-managed, multi-strategy real estate finance company that originates, acquires, finances and services lower-to-middle-market commercial real estate and small business loans. It focuses on LMM bridge, construction, fixed-rate and agency multifamily loans plus SBA and USDA small business lending.
As of December 31, 2025, the loan portfolio totaled $5.9 billion across 8,931 loans, with 81.4% in LMM Commercial Real Estate and 18.6% in Small Business Lending. Book value grew from $536 million in 2017 to about $1.6 billion in 2025, a 15% CAGR.
The company is externally managed by Waterfall Asset Management and uses securitizations and other borrowings, with total leverage of 3.5x and recourse leverage of 1.6x. It highlights material risks including credit, liquidity, inflation, cybersecurity and approximately $550 million of debt maturing in 2026. Ready Capital sold 27 loans totaling $597.3 million for expected net proceeds of $130.7 million and repaid its 5.75% Senior Notes due 2026 at maturity.
Ready Capital Corporation filed a Post-Effective Amendment No. 1 to its Form S-3 registering up to $500,000,000 of aggregate securities under a base shelf prospectus, available for sale from time to time after the effective date. The filing includes a sales agreement prospectus supplement for up to $78,366,304 of common stock that is part of the $500,000,000 shelf.
The prospectus lists the types of securities that may be offered—common stock, preferred stock, depositary shares, debt securities, warrants and rights—and discloses 163,008,896 shares of common stock issued and outstanding as of January 31, 2026. The charter imposes an ownership limit of 9.8% (by value or number) and contains transfer restrictions to preserve REIT qualification. The amendment states the company expects it will no longer be a “well-known seasoned issuer” when it files its Form 10-K for the fiscal year ended December 31, 2025.
Ready Capital Corporation reported a heavy loss for the quarter and year ended December 31, 2025, driven by credit costs and realized losses on investments. For the fourth quarter, net loss from continuing operations was $232.6 million, or $(1.46) per common share, with a distributable loss per common share of $(0.43) and $(0.09) before realized losses.
The company’s loan portfolio totaled $5.9 billion, but it recorded a fourth-quarter provision for loan losses of $149.9 million and realized losses on sale of investments of $65.0 million, contributing to a full-year net loss of $221.1 million. Book value per common share declined to $8.79 as of December 31, 2025, compared with $10.61 a year earlier, while total assets fell from $10.1 billion to $7.8 billion over the same period.
Management highlighted continued execution of a liquidity plan, including selling 34 loans with $855.3 million of unpaid principal balance after year-end and retiring the 5.75% Senior Unsecured Note due February 2026. The company declared a modest common dividend of $0.01 per share for the quarter, reflecting pressure on earnings and capital.
Ready Capital Corp and the New York Stock Exchange are removing the company’s 5.75% Senior Notes due 2026 from listing and registration under Section 12(b) of the Securities Exchange Act of 1934.
The NYSE certifies it has followed its own rules to strike this class of notes from listing, and the issuer has complied with the exchange’s rules and SEC requirements governing the voluntary withdrawal of this security from the exchange.
The Vanguard Group reports beneficial ownership of 8,607,299 shares of Ready Capital Corp common stock, representing 5.3% of the class as of 12/31/2025. Vanguard has shared voting power over 1,153,609 shares and shared dispositive power over all 8,607,299 shares, with no sole voting or dispositive power.
Vanguard states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Ready Capital. It notes an internal realignment effective 01/12/2026, after which certain subsidiaries or business divisions may report beneficial ownership separately while pursuing the same investment strategies.
BlackRock, Inc. has filed an amended ownership report showing it beneficially owns 13,045,875 shares of Ready Capital Corporation common stock, representing 8.0% of the class as of the event date. BlackRock reports sole voting power over 12,690,943 shares and sole dispositive power over 13,045,875 shares, with no shared voting or dispositive power.
The filing explains that these holdings are aggregated across certain BlackRock business units, while other units’ holdings are disaggregated. Various underlying clients and investors have the right to receive dividends or sale proceeds from Ready Capital shares, but no single person has more than 5% of the outstanding common stock. BlackRock certifies that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Ready Capital.
Howard Amster and affiliated entities filed Amendment No. 2 to Schedule 13D regarding Ready Capital Corp (RC), reporting beneficial ownership of 14,242,965 shares, or 8.8% of the common stock. The percentage is based on 162,126,276 shares outstanding as of November 6, 2025. Amster reports 13,227,973 shares with sole voting and dispositive power and 1,014,992 shares with shared voting and dispositive power.
The filing lists recent open‑market purchases over the past 60 days across multiple affiliated entities. Notable trades include 611,526 shares at $2.89 on 11/07/25 (2019 CRUT #1), 342,000 shares at $2.89 on 11/07/25 (Howard Amster), 170,000 shares at $2.89 on 10/31/25, and 150,000 shares at $3.05 on 10/30/25. Earlier buys included 387,450 shares at $4.34 on 09/16/25 and 128,000 shares at $4.29 on 09/17/25. All transactions were conducted on the open market, with per‑day prices shown as weighted averages.