Ready Capital Corp
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
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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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
| Preferred Series E · Common Stock · Additional Paid-In Capital · Retained Earnings (Deficit) · Accumulated Other Comprehensive Income (Loss) · Total Ready Capital Corporation Equity · Non-Controlling Interest · Total Stockholders' Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (in thousands, except share data) · Shares · Amount · Shares · Amount | ||||||||||
| Balance at December 31, 2022 | 4,600,000 | $111,378 | 110,523,641 | $11 | $1,684,074 | $4,994 | $(9,369) | $1,791,088 | $99,146 | $1,890,234 |
| Dividend declared: | ||||||||||
| Common Stock ($1.46 per share) | — | — | — | — | — | (212,035) | — | (212,035) | — | (212,035) |
| OP units | — | — | — | — | — | — | — | — | (2,169) | (2,169) |
| $1.5625 per Series C preferred share | — | — | — | — | — | (524) | — | (524) | — | (524) |
| $1.6250 per Series E preferred share | — | — | — | — | — | (7,473) | — | (7,473) | — | (7,473) |
| Distributions, net | — | — | (503) | — | (6) | — | — | (6) | (187) | (193) |
| Shares issued pursuant to merger transactions | — | — | 62,229,429 | 6 | 637,223 | — | — | 637,229 | — | 637,229 |
| Equity issuances | — | — | — | — | 125 | — | — | 125 | — | 125 |
| Offering costs | — | — | — | — | (226) | — | — | (226) | (2) | (228) |
| Equity component of 2017 convertible note issuance | — | — | — | — | (191) | — | — | (191) | (3) | (194) |
| Stock-based compensation | — | — | 1,266,615 | — | 15,622 | — | — | 15,622 | — | 15,622 |
| Conversion of OP units into common stock | 263,401 | — | 2,842 | — | — | 2,842 | (2,842) | — | ||
| Share repurchases | — | — | (2,006,478) | — | (21,845) | — | — | (21,845) | — | (21,845) |
| Reallocation of non-controlling interest | — | — | — | — | 4,371 | — | 17 | 4,388 | (4,388) | — |
| Net income | — | — | — | — | — | 339,451 | — | 339,451 | 8,960 | 348,411 |
| Other comprehensive loss | — | — | — | — | — | — | (8,508) | (8,508) | (51) | (8,559) |
| 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 ($1.10 per share) | — | — | — | — | — | (185,751) | — | (185,751) | — | (185,751) |
| OP units | — | — | — | — | — | — | — | — | (1,189) | (1,189) |
| $1.5625 per Series C preferred share | — | — | — | — | — | (524) | — | (524) | — | (524) |
| $1.6250 per Series E preferred share | — | — | — | — | — | (7,472) | — | (7,472) | — | (7,472) |
| Contributions, net | — | — | (1,981) | — | (18) | — | — | (18) | 600 | 582 |
| Stock-based compensation | — | — | 515,183 | — | 6,171 | — | — | 6,171 | — | 6,171 |
| Conversion of OP units into common stock | — | — | 445,000 | — | 3,812 | — | — | 3,812 | (3,812) | — |
| Share repurchases | — | — | (10,441,935) | — | (83,488) | — | — | (83,488) | — | (83,488) |
| Reallocation of non-controlling interest | — | — | — | — | 1,825 | — | (120) | 1,705 | (1,705) | — |
| Net income (loss) | — | — | — | — | — | (435,755) | — | (435,755) | 5,357 | (430,398) |
| Other comprehensive loss | — | — | — | — | — | — | (572) | (572) | (18) | (590) |
| 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 ($0.385 per share) | — | — | — | — | — | (65,522) | — | (65,522) | — | (65,522) |
| OP units | — | — | — | — | — | — | — | — | (264) | (264) |
| $1.5625 per Series C preferred share | — | — | — | — | — | (524) | — | (524) | — | (524) |
| $1.6250 per Series E preferred share | — | — | — | — | — | (7,472) | — | (7,472) | — | (7,472) |
| Distributions, net | — | — | — | — | — | — | — | — | (187) | (187) |
| Shares issued pursuant to merger transactions | — | — | 12,766,819 | — | 64,600 | — | — | 64,600 | — | 64,600 |
| Stock-based compensation | — | — | 2,464,622 | — | 13,248 | — | — | 13,248 | — | 13,248 |
| Conversion of OP units into common stock | — | — | 565,577 | — | 2,264 | — | — | 2,264 | (2,264) | — |
| Share repurchases | — | — | (15,579,378) | — | (69,702) | — | — | (69,702) | — | (69,702) |
| Reallocation of non-controlling interest | — | — | — | — | 3,654 | — | (74) | 3,580 | (3,580) | — |
| Net income (loss) | — | — | — | — | — | (228,915) | — | (228,915) | 7,854 | (221,061) |
| Other comprehensive loss | — | — | — | — | — | — | (5,570) | (5,570) | (21) | (5,591) |
| Balance at December 31, 2025 | 4,600,000 | $111,378 | 163,010,012 | $17 | $2,264,355 | $(807,522) | $(24,196) | $1,544,032 | $99,235 | $1,643,267 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.