Ready Capital Corp
For the period ended Jun 30, 2026. Filed Aug 7, 2026.
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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.
Jun 30, 2026 · Filed Aug 7, 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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UNAUDITED CONSOLIDATED BALANCE SHEETS
| (in thousands) | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $124,149 | $207,841 |
| Restricted cash | 50,182 | 39,746 |
| Loans, net (including $388 and $737 held at fair value) | 3,409,500 | 3,500,298 |
| Loans, held for sale (including $61,314 and $73,094 held at fair value and net of valuation allowance of $70,867 and $67,612) | 278,214 | 585,820 |
| Mortgage-backed securities | 31,587 | 34,501 |
| Investment in unconsolidated joint ventures (including $5,294 and $5,737 held at fair value) | 165,658 | 161,424 |
| Derivative instruments | 3,096 | 6,740 |
| Servicing rights | 117,463 | 126,279 |
| Real estate owned | 572,850 | 620,225 |
| Other assets | 466,161 | 508,238 |
| Assets of consolidated VIEs | 1,045,056 | 1,978,684 |
| Total Assets | $6,263,916 | $7,769,796 |
| Liabilities | ||
| Secured borrowings | 1,876,713 | 2,788,926 |
| Securitized debt obligations of consolidated VIEs, net | 638,942 | 1,174,785 |
| Senior secured notes, net | 723,915 | 722,729 |
| Corporate debt, net | 470,372 | 652,487 |
| Guaranteed loan financing | 950,103 | 524,091 |
| Contingent consideration | 22,265 | 18,698 |
| Derivative instruments | 60 | 1,432 |
| Dividends payable | 3,665 | 3,633 |
| Loan participations sold | 56,616 | 56,616 |
| Due to third parties | 5,408 | 3,135 |
| Accounts payable and other accrued liabilities | 165,620 | 171,636 |
| Total Liabilities | $4,913,679 | $6,118,168 |
| Preferred stock Series C, liquidation preference $25.00 per share (refer to Note 20) | 8,361 | 8,361 |
| Commitments & contingencies (refer to Note 24) | ||
| Stockholders’ Equity | ||
| Preferred stock Series E, liquidation preference $25.00 per share (refer to Note 20) | 111,378 | 111,378 |
| Common stock, $0.0001 par value, 500,000,000 shares authorized, 165,209,516 and 163,010,012 shares issued and outstanding, respectively | 17 | 17 |
| Additional paid-in capital | 2,267,394 | 2,264,355 |
| Retained deficit | (1,118,135) | (807,522) |
| Accumulated other comprehensive loss | (21,448) | (24,196) |
| Total Ready Capital Corporation equity | 1,239,206 | 1,544,032 |
| Non-controlling interests | 102,670 | 99,235 |
| Total Stockholders’ Equity | $1,341,876 | $1,643,267 |
| Total Liabilities, Redeemable Preferred Stock, and Stockholders’ Equity | $6,263,916 | $7,769,796 |
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
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