| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 147,505 | 162,935 | ||
| Restricted cash | 44,491 | 56,769 | ||
| Loans, net (including 1,088 and 3,533 held at fair value) | 4,360,501 | 5,066,694 | ||
| Real estate owned, held for sale | - | 199,790 | ||
| 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 | 632,784 | ||
| Mortgage-backed securities | 33,105 | 32,310 | ||
| Investment in unconsolidated joint ventures (including 5,952 and 6,577 held at fair value) | 178,840 | 169,369 | ||
| Derivative instruments | 5,295 | 5,754 | ||
| Servicing rights | 126,966 | 124,283 | ||
| 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 | 462,711 | ||
| Assets of consolidated vies | 2,166,105 | 2,395,398 | ||
| Assets held for sale (refer to note 9) | 0 | 0 | ||
| Total assets | 8,332,101 | 9,308,797 | ||
| Secured borrowings and securitized debt obligations of consolidated vies, net-Consolidated Entity Excluding Variable Interest Entities VIE | 2,879,172 | 3,506,670 | ||
| Secured borrowings and securitized debt obligations of consolidated vies, net-Variable Interest Entity Primary Beneficiary | 1,293,778 | 1,513,297 | ||
| Senior secured notes, net | 721,151 | 720,893 | ||
| Corporate debt, net | 666,624 | 666,136 | ||
| Guaranteed loan financing | 565,883 | 629,380 | ||
| Contingent consideration | 18,385 | 17,189 | ||
| Derivative instruments | 1,627 | 1,986 | ||
| Dividends payable | 22,602 | 22,917 | ||
| Loan participations sold | 102,987 | 101,863 | ||
| Due to third parties | 9,927 | 9,791 | ||
| Accounts payable and other accrued liabilities | 166,406 | 184,652 | ||
| Liabilities held for sale (refer to note 9) | 0 | 0 | ||
| Total liabilities | 6,448,542 | 7,374,774 | ||
| 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, 161,834,837 and 162,792,372 shares issued and outstanding, respectively | 17 | 17 | ||
| Additional paid-in capital | 2,257,078 | 2,267,540 | ||
| Retained earnings (deficit) | -569,709 | -528,524 | ||
| Accumulated other comprehensive loss | -24,096 | -23,293 | ||
| Total ready capital corporation equity | 1,774,668 | 1,827,118 | ||
| Non-controlling interests | 100,530 | 98,544 | ||
| Total stockholders equity | 1,875,198 | 1,925,662 | ||
| Total liabilities, redeemable preferred stock, and stockholders equity | 8,332,101 | 9,308,797 | ||
Ready Capital Corp (RCD)
Ready Capital Corp (RCD)