| Income Statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|---|
| Interest income | 77,401 | 81,730 | 156,693* | 137,491 |
| Interest expense | 82,853 | 96,834 | 133,212* | 126,971 |
| Net interest income (loss) before (provision for) recovery of loan losses | -5,452 | -15,104 | 23,481* | 10,520 |
| (provision for) recovery of loan gaines | 21,554 | 70,907 | -26,893* | 37,977 |
| Net interest income (gain) after (provision for) recovery of loan gaines | -27,006 | -86,011 | 50,374* | -27,457 |
| Net realized loss (gain) on financial instruments and real estate owned | -22,221 | -60,085 | 339,076* | -160,396 |
| Net unrealized gain (loss) on financial instruments | -4,173 | -6,920 | -21,895* | 2,914 |
| Valuation allowance, loans held for sale | -2,447 | 6,557 | 510,486* | -178,225 |
| Servicing income, net of amortization and impairment of 11,207 and 17,794 for the three and six months ended june 30, 2026, and 12,874 and 18,168 for the three and six months ended june 30, 2025, respectively | 72 | 5,421 | -3,824* | 7,509 |
| Gain on bargain purchase | - | 0 | 27,387* | - |
| Gain (loss) on bargain purchase | 0 | - | - | 24,472 |
| Income (gain) on unconsolidated joint ventures | 1,276 | 2,059 | -17,689* | 7,417 |
| Other income | 14,214 | 18,065 | 9,397* | 14,773 |
| Total non-interest income (expense) | -8,385 | -48,017 | -178,034* | 74,914 |
| Employee compensation and benefits and allocated employee compensation and benefits from related party-Nonrelated Party | 24,590 | 23,848 | 26,034* | 21,151 |
| Employee compensation and benefits and allocated employee compensation and benefits from related party-Related Party | 3,376 | 3,600 | 4,022* | 3,602 |
| Professional fees | 7,671 | 6,655 | 12,813* | 6,008 |
| Management fees related party-Related Party | 3,765 | 4,076 | 4,880* | 5,156 |
| Incentive fees related party-Related Party | - | - | 0* | - |
| Loan servicing expense | 3,439 | 15,674 | 11,945* | 9,771 |
| Transaction related expenses | 512 | 335 | 320* | 1,910 |
| Impairment on real estate | 952 | -469 | 17,917* | 1,862 |
| Other operating expenses | 33,268 | 29,014 | 16,319* | 24,879 |
| Total non-interest expense | 77,573 | 82,733 | 94,250* | 74,339 |
| Loss from continuing operations before benefit for income taxes | -112,964 | -216,761 | -221,910* | -26,882 |
| Income tax benefit | -13,281 | -16,674 | -56,898* | -9,935 |
| Net income (loss) from continuing operations | -99,683 | -200,087 | -165,012* | -16,947 |
| Loss from discontinued operations before income tax benefit | 0 | 0 | -7,784* | 280 |
| Income tax benefit | 0 | 0 | -1,946* | 70 |
| Net loss from discontinued operations | 0 | 0 | -5,838* | 210 |
| Net income (loss) | -99,683 | -200,087 | -170,850* | -16,737 |
| Less dividends on preferred stock | 1,999 | 1,999 | 1,999* | 1,999 |
| Less net income attributable to non-controlling interest | 1,848 | 1,642 | 1,830* | 2,008 |
| Net income (loss) attributable to ready capital corporation | -103,530 | -203,728 | -174,679 | -20,744 |
| Basic EPS | -0.63 | -1.25 | -1.055 | -0.13 |
| Diluted EPS | -0.63 | -1.25 | -1.036 | -0.13 |
| Basic Average Shares | 165,101,861 | 163,674,011 | 165,513,997 | 163,574,703 |
| Diluted Average Shares | 172,781,180 | 167,650,149 | 168,645,617 | 165,873,807 |
Ready Capital Corp (RC-PC)
Ready Capital Corp (RC-PC)