Ready Capital Corp
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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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.
Sep 30, 2025 · Filed Nov 7, 2025
RC$1.04+22.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
| Nine Months Ended September 30, 2025 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Preferred Series E · Common Stock · Additional Paid-In Capital · Retained Earnings (Deficit) · Accumulated Other Comprehensive Income (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 ($0.375 per share) | — | — | — | — | — | (63,892) | — | (63,892) | — | (63,892) |
| OP units | — | — | — | — | — | — | — | — | (261) | (261) |
| $1.17188 per Series C preferred share | — | — | — | — | — | (393) | — | (393) | — | (393) |
| $1.21875 per Series E preferred share | — | — | — | — | — | (5,604) | — | (5,604) | — | (5,604) |
| Distributions, net | — | — | — | — | — | — | — | — | (187) | (187) |
| Shares issued pursuant to merger transaction | — | — | 12,766,819 | — | 64,600 | — | — | 64,600 | — | 64,600 |
| Stock-based compensation | — | — | 760,794 | — | 6,860 | — | — | 6,860 | — | 6,860 |
| Conversion of OP units into common stock | — | — | 282,614 | — | 1,197 | — | — | 1,197 | (1,197) | — |
| Share repurchases | — | — | (14,767,762) | — | (67,685) | — | — | (67,685) | — | (67,685) |
| Reallocation of non-controlling interest | — | — | — | — | 1,815 | — | (36) | 1,779 | (1,779) | — |
| Net income (loss) | — | — | — | — | — | 5,269 | — | 5,269 | 6,282 | 11,551 |
| Other comprehensive income (loss) | — | — | — | — | — | — | (5,508) | (5,508) | (25) | (5,533) |
| Balance at September 30, 2025 | 4,600,000 | $111,378 | 161,834,837 | $17 | $2,257,078 | $(569,709) | $(24,096) | $1,774,668 | $100,530 | $1,875,198 |
| Nine Months Ended September 30, 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 ($0.85 per share) | — | — | — | — | — | (144,804) | — | (144,804) | — | (144,804) |
| OP units | — | — | — | — | — | — | — | — | (968) | (968) |
| $1.17188 per Series C preferred share | — | — | — | — | — | (393) | — | (393) | — | (393) |
| $1.21875 per Series E preferred share | — | — | — | — | — | (5,604) | — | (5,604) | — | (5,604) |
| Contributions, net | — | — | (1,981) | — | (18) | — | — | (18) | 600 | 582 |
| Stock-based compensation | — | — | 435,052 | — | 5,056 | — | — | 5,056 | — | 5,056 |
| Conversion of OP units into common stock | — | — | 420,000 | — | 3,632 | — | — | 3,632 | (3,632) | — |
| Share repurchases | — | — | (4,598,472) | — | (40,276) | — | — | (40,276) | — | (40,276) |
| Reallocation of non-controlling interest | — | — | — | — | 1,846 | — | (131) | 1,715 | (1,715) | — |
| Net income (loss) | — | — | — | — | — | (119,615) | — | (119,615) | 3,968 | (115,647) |
| Other comprehensive loss | — | — | — | — | — | — | (6,241) | (6,241) | (59) | (6,300) |
| Balance at September 30, 2024 | 4,600,000 | $111,378 | 168,530,704 | $17 | $2,292,229 | $(146,003) | $(24,232) | $2,233,389 | $96,658 | $2,330,047 |
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
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