Ready Capital Corp
For the period ended Sep 30, 2026. Filed Nov 6, 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.
Sep 30, 2026 · Filed Nov 6, 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) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $157,130 | $207,841 |
| Restricted cash | 50,775 | 39,746 |
| Loans, net (including $382 and $737 held at fair value) | 3,122,504 | 3,500,298 |
| Loans, held for sale (including $67,123 and $73,094 held at fair value and net of valuation allowance of $56,734 and $67,612) | 112,766 | 585,820 |
| Mortgage-backed securities | 32,143 | 34,501 |
| Investment in unconsolidated joint ventures (including $5,068 and $5,737 held at fair value) | 155,086 | 161,424 |
| Derivative instruments | 3,232 | 6,740 |
| Servicing rights | 115,015 | 126,279 |
| Real estate owned | 563,512 | 620,225 |
| Other assets | 466,283 | 508,238 |
| Assets of consolidated VIEs | 1,004,891 | 1,978,684 |
| Total Assets | $5,783,337 | $7,769,796 |
| Liabilities | ||
| Secured borrowings | 1,691,519 | 2,788,926 |
| Securitized debt obligations of consolidated VIEs, net | 607,600 | 1,174,785 |
| Senior secured notes, net | 598,739 | 722,729 |
| Corporate debt, net | 446,097 | 652,487 |
| Guaranteed loan financing | 911,288 | 524,091 |
| Contingent consideration | 23,008 | 18,698 |
| Derivative instruments | 340 | 1,432 |
| Dividends payable | 3,687 | 3,633 |
| Loan participations sold | 56,616 | 56,616 |
| Due to third parties | 4,289 | 3,135 |
| Accounts payable and other accrued liabilities | 152,643 | 171,636 |
| Total Liabilities | $4,495,826 | $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, 165,168,630 and 163,010,012 shares issued and outstanding, respectively | 17 | 17 |
| Additional paid-in capital | 2,268,714 | 2,264,355 |
| Retained deficit | (1,185,833) | (807,522) |
| Accumulated other comprehensive loss | (19,755) | (24,196) |
| Total Ready Capital Corporation equity | 1,174,521 | 1,544,032 |
| Non-controlling interests | 104,629 | 99,235 |
| Total Stockholders’ Equity | $1,279,150 | $1,643,267 |
| Total Liabilities, Redeemable Preferred Stock, and Stockholders’ Equity | $5,783,337 | $7,769,796 |
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
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