For the quarter ending 2026-03-31, RC-PE had -$8,331K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2024-12-31 |
|---|---|---|---|---|
| Net income (loss) from continuing operations | -200,087 | -232,565 | 16,712 | -411,999 |
| Amortization of premiums, discounts, and debt issuance costs, net | 12,054 | 12,403 | 33,208 | 52,541 |
| Stock-based compensation | 1,629 | 797 | 5,010 | 8,119 |
| Provision for (recovery of) loan losses | 70,907 | 149,989 | -62,951 | 292,759 |
| Valuation allowance, loans held for sale | - | - | - | 124,878 |
| Bargain purchase gain | - | - | 112,562 | 13,859 |
| Impairment (recovery) on real estate owned, held for sale | -469 | 15,027 | 8,476 | 56,503 |
| Depreciation and amortization on real estate owned | 1,576 | 1,712 | 1,100 | - |
| Repair and denial reserve | 354 | 3,342 | 1,627 | 385 |
| Paid-in-kind accrued interest | 708 | 1,961 | 4,061 | 77,573 |
| Provision for loan losses on purchased future receivables | - | 0 | 0 | 2,118 |
| Valuation allowance, loans held for sale | 6,557 | 23,318 | -38,761 | - |
| Net (income) loss of unconsolidated joint ventures, net of distributions | 1,533 | 762 | 1,509 | 7,702 |
| Realized (gains) losses, net | -60,401 | -10,599 | -132,945 | -53,900 |
| Unrealized (gains) losses, net | -6,919 | -12,709 | 626 | -15,086 |
| Bargain purchase gain | 0 | 109,549 | - | - |
| Loans, held for sale, net | 596,031 | 79,353 | 556,246 | 326,035 |
| Derivative instruments | -3,834 | 927 | 457 | -5,234 |
| Assets of consolidated vies (excluding loans, net), accrued interest and due from servicers | -8,622 | -38,927 | -41,127 | 60,828 |
| Receivable from third parties | 13,210 | -3,236 | 6,209 | -1,948 |
| Other assets | -33,634 | 105,637 | 111,574 | 58,932 |
| Accounts payable and other accrued liabilities | 3,678 | -23,335 | 8,922 | -22,214 |
| Net cash provided by operating activities from continuing operations | 590,189 | -10,762 | 466,663 | 286,399 |
| Net cash used for operating activities from discontinued operations | 0 | 0 | -23,784 | -11,584 |
| Net cash provided by operating activities | 590,189 | -10,762 | 442,879 | 274,815 |
| Origination of loans | 91,261 | 171,867 | 420,697 | 826,430 |
| Purchase of loans | - | - | - | 0 |
| Proceeds from disposition and principal payment of loans | 724,693 | 546,339 | 1,593,480 | 2,274,117 |
| Funding of investments held to maturity | - | 0 | 2,385 | 0 |
| Proceeds from principal payments of investments held to maturity | - | - | - | 0 |
| Proceeds from sale and principal payment of mortgage-backed securities | 3,747 | 776 | - | 0 |
| Funding of real estate, held for sale | 669 | 1,402 | 964 | 1,408 |
| Proceeds from sale of real estate, held for sale | 36,728 | 14,822 | 57,743 | 67,240 |
| Investment in unconsolidated joint ventures | 6,484 | 5,255 | 20,280 | 33,239 |
| Distributions in excess of cumulative earnings from unconsolidated joint ventures | 2,190 | 23,433 | 9,800 | 13,593 |
| Payment of liabilities under participation agreements | 0 | 46,775 | 1,335 | 14,535 |
| Net cash provided by disposal of discontinued operations | - | 0 | -3,521 | - |
| Net cash provided by asset acquisitions | - | 0 | 4,249 | - |
| Net cash provided by (used for) business acquisitions | - | - | - | 44,366 |
| Net cash provided by business acquisitions | 0 | 0 | -16,020 | - |
| Net cash provided by investing activities from continuing operations | 668,944 | 360,071 | 1,239,152 | 1,434,972 |
| Net cash provided by investing activities from discontinued operations | 0 | 0 | 43,316 | 100,045 |
| Net cash provided by investing activities | 668,944 | 360,071 | 1,282,468 | 1,535,017 |
| Proceeds from secured borrowings | 866,664 | 324,475 | 2,710,938 | 2,102,388 |
| Repayment of secured borrowings | 1,333,647 | 414,694 | 1,870,521 | 2,166,562 |
| Repayment of the paycheck protection program liquidity facility borrowings | 4,758 | 1,849 | 10,451 | 17,166 |
| Proceeds from issuance of securitized debt obligations of consolidated vies | - | 0 | - | 0 |
| Repayment of securitized debt obligations of consolidated vies | 649,409 | 120,316 | 2,295,827 | 1,520,669 |
| Proceeds from corporate debt | - | 0 | - | 125,905 |
| Repayment of corporate debt | 116,556 | 247,434 | - | - |
| Proceeds from senior secured note | 0 | 0 | 290,250 | 92,119 |
| Repayment of corporate debt | - | - | 232,140 | - |
| Repayment of convertible note | - | 0 | - | 0 |
| Repayment of guaranteed loan financing | 22,344 | 38,087 | 147,002 | 153,422 |
| Payment of deferred financing costs | 3,413 | 3,887 | 25,940 | 12,178 |
| Payment of contingent consideration | - | 0 | - | 0 |
| Proceeds from issuance of equity, net of issuance costs | - | 0 | - | 0 |
| Common stock repurchased | 0 | 1,875 | 65,721 | 82,250 |
| Settlement of share-based awards in satisfaction of withholding tax requirements | 374 | 142 | 1,964 | 1,238 |
| Dividend payments | 3,627 | 22,601 | 90,716 | 206,057 |
| Distributions, net | - | 0 | 0 | -18 |
| Net cash used for financing activities from continuing operations | -1,267,464 | -294,270 | -1,739,094 | -1,839,148 |
| Net cash provided by (used for) financing activities from discontinued operations | 0 | 0 | -4,324 | -40,632 |
| Net cash used for financing activities | -1,267,464 | -294,270 | -1,743,418 | -1,879,780 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash including cash classified within assets held for sale | -8,331 | 55,039 | -18,071 | -69,948 |
| Less net decrease in cash and cash equivalents within assets held for sale | 0 | 0 | -29,792 | 9,784 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | -8,331 | 55,039 | 11,721 | -79,732 |
| Cash, cash equivalents, and restricted cash beginning balance | 249,534 | 182,774 | 182,774 | 262,506 |
| Cash, cash equivalents, and restricted cash ending balance | 241,203 | 55,039 | 194,495 | 182,774 |
Ready Capital Corp (RC-PE)
Ready Capital Corp (RC-PE)