For the year ending 2025-12-31, RC-PC has $7,769,796K in assets. $6,118,168K in debts. $207,841K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 207,841 | 143,803 | ||
| Restricted cash | 39,746 | 30,560 | ||
| Loans, net (including 737 and 3,533 held at fair value) | 3,500,298 | 3,378,149 | ||
| Loans, held for sale (including 73,094 and 128,531 held at fair value and net of valuation allowance of 67,612 and 97,620) | 585,820 | 241,626 | ||
| Mortgage-backed securities | 34,501 | 31,006 | ||
| Investment in unconsolidated joint ventures (including 5,737 and 6,577 held at fair value) | 161,424 | 161,561 | ||
| Derivative instruments | 6,740 | 7,963 | ||
| Servicing rights | 126,279 | 128,440 | ||
| Real estate owned, held for sale | - | 193,437 | ||
| Real estate owned | 620,225 | - | ||
| Goodwill | 49,501 | 49,501 | ||
| Deferred loan exit fees | 19,179 | 27,811 | ||
| Accrued interest | 42,143 | 45,416 | ||
| Due from servicers | 71,999 | 7,039 | ||
| Intangible assets | 38,172 | 37,006 | ||
| Receivable from third party | 43,968 | 34,540 | ||
| Deferred financing costs | 12,489 | 8,053 | ||
| Deferred tax asset | 201,573 | 111,325 | ||
| Tax receivable | 719 | 1,654 | ||
| Right-of-use lease asset | 3,368 | 7,362 | ||
| Ppp receivables | 8,783 | 18,363 | ||
| Investments held to maturity | 0 | 3,000 | ||
| Purchased future receivables, net | - | 0 | ||
| Other | 16,344 | 11,416 | ||
| Other assets | 508,238 | 362,486 | ||
| Assets of consolidated vies | 1,978,684 | 5,175,295 | ||
| Assets held for sale (refer to note 9) | 0 | 287,595 | ||
| Total assets | 7,769,796 | 10,141,921 | ||
| Secured borrowings and securitized debt obligations of consolidated vies, net-Consolidated Entity Excluding Variable Interest Entities VIE | 2,788,926 | 2,035,176 | ||
| Secured borrowings and securitized debt obligations of consolidated vies, net-Variable Interest Entity Primary Beneficiary | 1,174,785 | 3,580,513 | ||
| Senior secured notes, net | 722,729 | 437,847 | ||
| Corporate debt, net | 652,487 | 895,265 | ||
| Guaranteed loan financing | 524,091 | 691,118 | ||
| Contingent consideration | 18,698 | 573 | ||
| Derivative instruments | 1,432 | 352 | ||
| Dividends payable | 3,633 | 43,168 | ||
| Loan participations sold | 56,616 | 95,578 | ||
| Due to third parties | 3,135 | 1,442 | ||
| Accounts payable and other accrued liabilities | 171,636 | 188,051 | ||
| Liabilities held for sale (refer to note 9) | 0 | 228,735 | ||
| Total liabilities | 6,118,168 | 8,197,818 | ||
| Preferred stock series c, liquidation preference 25.00 per share (refer to note 20) | 8,361 | 8,361 | ||
| 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, 163,010,012 and 162,792,372 shares issued and outstanding, respectively | 17 | 17 | ||
| Additional paid-in capital | 2,264,355 | 2,250,291 | ||
| Retained deficit | -807,522 | -505,089 | ||
| Accumulated other comprehensive loss | -24,196 | -18,552 | ||
| Total ready capital corporation equity | 1,544,032 | 1,838,045 | ||
| Non-controlling interests | 99,235 | 97,697 | ||
| Total stockholders equity | 1,643,267 | 1,935,742 | ||
| Total liabilities, redeemable preferred stock, and stockholders equity | 7,769,796 | 10,141,921 | ||
Ready Capital Corp (RC-PC)
Ready Capital Corp (RC-PC)