For the quarter ending 2026-03-31, RCD had -$8,331K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) from continuing operations | -200,087 | -232,565 | -16,947 | 33,659 |
| Amortization of premiums, discounts, and debt issuance costs, net | 12,054 | 12,403 | 6,168 | 27,040 |
| Stock-based compensation | 1,629 | 797 | 1,591 | 3,419 |
| Provision for (recovery of) loan losses | 70,907 | 149,989 | 37,977 | -100,928 |
| Impairment (recovery) on real estate owned, held for sale | -469 | 15,027 | 1,862 | 6,614 |
| Bargain purchase gain | - | - | 24,472 | 88,090 |
| Valuation allowance, loans held for sale | - | - | - | 139,464 |
| Depreciation and amortization on real estate owned | 1,576 | 1,712 | 1,100 | - |
| Provision for loan losses on purchased future receivables | - | 0 | 0 | 0 |
| Repair and denial reserve | 354 | 3,342 | 469 | 1,158 |
| Paid-in-kind accrued interest | 708 | 1,961 | 3,013 | 1,048 |
| 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 | 7,960 | -6,451 |
| Realized (gains) losses, net | -60,401 | -10,599 | -160,451 | 27,506 |
| Unrealized (gains) losses, net | -6,919 | -12,709 | 3,125 | -2,499 |
| Bargain purchase gain | 0 | 109,549 | - | - |
| Loans, held for sale, net | 596,031 | 79,353 | 506,072 | 50,174 |
| Derivative instruments | -3,834 | 927 | -539 | 996 |
| Assets of consolidated vies (excluding loans, net), accrued interest and due from servicers | -8,622 | -38,927 | 9,755 | -50,882 |
| Receivable from third parties | 13,210 | -3,236 | 8,865 | -2,656 |
| Other assets | -33,634 | 105,637 | 6,558 | 105,016 |
| Accounts payable and other accrued liabilities | 3,678 | -23,335 | -22,632 | 31,554 |
| Net cash provided by operating activities from continuing operations | 590,189 | -10,762 | 434,677 | 31,986 |
| Net cash used for operating activities from discontinued operations | 0 | 0 | 0 | -23,784 |
| Proceeds from liabilities under participation agreements | - | - | - | 0 |
| Net cash provided by operating activities | 590,189 | -10,762 | 434,677 | 8,202 |
| Origination of loans | 91,261 | 171,867 | 120,005 | 300,692 |
| Proceeds from disposition and principal payment of loans | 724,693 | 546,339 | 558,512 | 1,034,968 |
| Funding of investments held to maturity | - | 0 | 0 | 2,385 |
| Proceeds from sale and principal payment of mortgage-backed securities | 3,747 | 776 | - | - |
| Funding of real estate, held for sale | 669 | 1,402 | 749 | 215 |
| Proceeds from sale of real estate, held for sale | 36,728 | 14,822 | 49,431 | 8,312 |
| Investment in unconsolidated joint ventures | 6,484 | 5,255 | 8,383 | 11,897 |
| Distributions in excess of cumulative earnings from unconsolidated joint ventures | 2,190 | 23,433 | 6,872 | 2,928 |
| Payment of liabilities under participation agreements | 0 | 46,775 | 0 | 1,335 |
| Net cash provided by disposal of discontinued operations | - | 0 | -3,521 | - |
| Net cash provided by asset acquisitions | - | 0 | 4,249 | - |
| Net cash provided by business acquisitions | 0 | 0 | 0 | -16,020 |
| Net cash provided by investing activities from continuing operations | 668,944 | 360,071 | 493,448 | 745,704 |
| Net cash provided by investing activities from discontinued operations | 0 | 0 | 0 | 43,316 |
| Net cash provided by investing activities | 668,944 | 360,071 | 493,448 | 789,020 |
| Distributions, net | - | 0 | 0 | 0 |
| Repayment of corporate debt | - | - | 629 | 231,511 |
| Proceeds from secured borrowings | 866,664 | 324,475 | 325,642 | 2,385,296 |
| Repayment of secured borrowings | 1,333,647 | 414,694 | 953,225 | 917,296 |
| Repayment of the paycheck protection program liquidity facility borrowings | 4,758 | 1,849 | 2,317 | 8,134 |
| Proceeds from issuance of securitized debt obligations of consolidated vies | - | 0 | - | - |
| Repayment of securitized debt obligations of consolidated vies | 649,409 | 120,316 | 220,815 | 2,075,012 |
| Proceeds from corporate debt | - | 0 | - | - |
| Repayment of corporate debt | 116,556 | 247,434 | - | - |
| Proceeds from senior secured note | 0 | 0 | 0 | 290,250 |
| Repayment of convertible note | - | 0 | - | - |
| Repayment of guaranteed loan financing | 22,344 | 38,087 | 63,510 | 83,492 |
| Payment of deferred financing costs | 3,413 | 3,887 | 7,841 | 18,099 |
| Payment of contingent consideration | - | 0 | - | - |
| Proceeds from issuance of equity, net of issuance costs | - | 0 | - | - |
| Common stock repurchased | 0 | 1,875 | 10,570 | 55,151 |
| Settlement of share-based awards in satisfaction of withholding tax requirements | 374 | 142 | 16 | 1,948 |
| Dividend payments | 3,627 | 22,601 | 22,830 | 67,886 |
| Net cash used for financing activities from continuing operations | -1,267,464 | -294,270 | -956,111 | -782,983 |
| Net cash provided by (used for) financing activities from discontinued operations | 0 | 0 | 0 | -4,324 |
| Net cash used for financing activities | -1,267,464 | -294,270 | -956,111 | -787,307 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash including cash classified within assets held for sale | -8,331 | 55,039 | -27,986 | 9,915 |
| Less net decrease in cash and cash equivalents within assets held for sale | 0 | 0 | 0 | -29,792 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | -8,331 | 55,039 | -27,986 | 39,707 |
| Cash, cash equivalents, and restricted cash beginning balance | 249,534 | 182,774 | 182,774 | - |
| Cash, cash equivalents, and restricted cash ending balance | 241,203 | 55,039 | 194,495 | - |
Ready Capital Corp (RCD)
Ready Capital Corp (RCD)