Ready Capital Corp
For the period ended Mar 31, 2025. Filed May 9, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 9, 2025
RC$0.85-20.4%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
| Three Months Ended March 31, 2025 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Preferred Series E · Common Stock · Additional Paid-In Capital · Retained Earnings (Deficit) · Accumulated Other Comprehensive Loss · Total Ready Capital Corporation Equity · Non-controlling Interests · Total Stockholders' Equity | ||||||||||
| (in thousands, except share data) · Shares · Amount · Shares · Amount | ||||||||||
| Balance at December 31, 2024 | 4,600,000 | $111,378 | 162,792,372 | $17 | $2,250,291 | $(505,089) | $(18,552) | $1,838,045 | $97,697 | $1,935,742 |
| Dividend declared: | ||||||||||
| Common stock ($0.125 per share) | — | — | — | — | — | (22,693) | — | (22,693) | — | (22,693) |
| OP units | — | — | — | — | — | — | — | — | (111) | (111) |
| $0.390625 per Series C preferred share | — | — | — | — | — | (131) | — | (131) | — | (131) |
| $0.406250 per Series E preferred share | — | — | — | — | — | (1,868) | — | (1,868) | — | (1,868) |
| Distributions, net | — | — | — | — | — | — | — | — | (100) | (100) |
| Shares issued pursuant to merger transaction | — | — | 12,766,819 | — | 64,600 | — | — | 64,600 | — | 64,600 |
| Stock-based compensation | — | — | 682,080 | — | 6,238 | — | — | 6,238 | — | 6,238 |
| Share repurchases | — | — | (3,734,044) | — | (19,320) | — | — | (19,320) | — | (19,320) |
| Reallocation of non-controlling interest | — | — | — | — | 292 | — | (11) | 281 | (281) | — |
| Net income | — | — | — | — | — | 79,505 | — | 79,505 | 2,460 | 81,965 |
| Other comprehensive loss | — | — | — | — | — | — | (3,110) | (3,110) | (21) | (3,131) |
| Balance at March 31, 2025 | 4,600,000 | $111,378 | 172,507,227 | $17 | $2,302,101 | $(450,276) | $(21,673) | $1,941,547 | $99,644 | $2,041,191 |
| Three Months Ended March 31, 2024 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Preferred Series E · Common Stock · Additional Paid-In Capital · Retained Earnings (Deficit) · Accumulated Other Comprehensive Loss · Total Ready Capital Corporation Equity · Non-controlling Interests · Total Stockholders' Equity | ||||||||||
| (in thousands, except share data) · Shares · Amount · Shares · Amount | ||||||||||
| Balance at December 31, 2023 | 4,600,000 | $111,378 | 172,276,105 | $17 | $2,321,989 | $124,413 | $(17,860) | $2,539,937 | $98,464 | $2,638,401 |
| Dividend declared: | ||||||||||
| Common stock ($0.30 per share) | — | — | — | — | — | (51,676) | — | (51,676) | — | (51,676) |
| OP units | — | — | — | — | — | — | — | — | (372) | (372) |
| $0.390625 per Series C preferred share | — | — | — | — | — | (131) | — | (131) | — | (131) |
| $0.406250 per Series E preferred share | — | — | — | — | — | (1,868) | — | (1,868) | — | (1,868) |
| Distributions, net | — | — | (1,981) | — | (18) | — | — | (18) | — | (18) |
| Stock-based compensation | — | — | 325,918 | — | 4,110 | — | — | 4,110 | — | 4,110 |
| Conversion of OP units into common stock | — | — | 90,000 | — | 612 | — | — | 612 | (612) | — |
| Share repurchases | — | — | (2,244,709) | — | (20,035) | — | — | (20,035) | — | (20,035) |
| Reallocation of non-controlling interest | — | — | — | — | 645 | — | (72) | 573 | (573) | — |
| Net income (loss) | — | — | — | — | — | (74,284) | — | (74,284) | 117 | (74,167) |
| Other comprehensive income | — | — | — | — | — | — | 5,597 | 5,597 | 41 | 5,638 |
| Balance at March 31, 2024 | 4,600,000 | $111,378 | 170,445,333 | $17 | $2,307,303 | $(3,546) | $(12,335) | $2,402,817 | $97,065 | $2,499,882 |
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
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