| Balance Sheets | 2025-09-30 | |||
|---|---|---|---|---|
| Cash and cash equivalents | 147,505 | |||
| Restricted cash | 44,491 | |||
| Loans, net (including 1,088 and 3,533 held at fair value) | 4,360,501 | |||
| Loans, held for sale (including 143,819 and 128,531 held at fair value and net of valuation allowance of 53,937 and 97,620) | 163,792 | |||
| Mortgage-backed securities | 33,105 | |||
| Investment in unconsolidated joint ventures (including 5,952 and 6,577 held at fair value) | 178,840 | |||
| Derivative instruments | 5,295 | |||
| Servicing rights | 126,966 | |||
| Real estate owned | 632,985 | |||
| Goodwill | 49,501 | |||
| Deferred loan exit fees | 22,467 | |||
| Accrued interest | 95,133 | |||
| Due from servicers | 8,124 | |||
| Intangible assets | 38,868 | |||
| Receivable from third party | 47,204 | |||
| Deferred financing costs | 12,294 | |||
| Deferred tax asset | 111,325 | |||
| Tax receivable | 60,236 | |||
| Right-of-use lease asset | 3,537 | |||
| Ppp receivables | 10,641 | |||
| Investments held to maturity | 0 | |||
| Other | 13,186 | |||
| Other assets | 472,516 | |||
| Assets of consolidated vies | 2,166,105 | |||
| Assets held for sale (refer to note 9) | 0 | |||
| Total assets | 8,332,101 | |||
| Secured borrowings and securitized debt obligations of consolidated vies, net-Consolidated Entity Excluding Variable Interest Entities VIE | 2,879,172 | |||
| Secured borrowings and securitized debt obligations of consolidated vies, net-Variable Interest Entity Primary Beneficiary | 1,293,778 | |||
| Senior secured notes, net | 721,151 | |||
| Corporate debt, net | 666,624 | |||
| Guaranteed loan financing | 565,883 | |||
| Contingent consideration | 18,385 | |||
| Derivative instruments | 1,627 | |||
| Dividends payable | 22,602 | |||
| Loan participations sold | 102,987 | |||
| Due to third parties | 9,927 | |||
| Accounts payable and other accrued liabilities | 166,406 | |||
| Liabilities held for sale (refer to note 9) | 0 | |||
| Total liabilities | 6,448,542 | |||
| Preferred stock series c, liquidation preference 25.00 per share (refer to note 20) | 8,361 | |||
| Preferred stock series e, liquidation preference 25.00 per share (refer to note 20) | 111,378 | |||
| Common stock, 0.0001 par value, 500,000,000 shares authorized, 161,834,837 and 162,792,372 shares issued and outstanding, respectively | 17 | |||
| Additional paid-in capital | 2,257,078 | |||
| Retained earnings (deficit) | -569,709 | |||
| Accumulated other comprehensive loss | -24,096 | |||
| Total ready capital corporation equity | 1,774,668 | |||
| Non-controlling interests | 100,530 | |||
| Total stockholders equity | 1,875,198 | |||
| Total liabilities, redeemable preferred stock, and stockholders equity | 8,332,101 | |||
Ready Capital Corp (RCB)
Ready Capital Corp (RCB)