For the quarter ending 2025-09-30, RCD had -$27,986K decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2024-12-31 |
|---|---|---|---|
| Net income (loss) from continuing operations | -16,947 | 33,659 | -411,999 |
| Amortization of premiums, discounts, and debt issuance costs, net | 6,168 | 27,040 | 52,541 |
| Stock-based compensation | 1,591 | 3,419 | 8,119 |
| Provision for (recovery of) loan losses | 37,977 | -100,928 | 292,759 |
| Impairment loss on real estate owned, held for sale | 1,862 | 6,614 | 56,503 |
| Valuation allowance, loans held for sale | - | 139,464 | 124,878 |
| Depreciation and amortization on real estate owned | 1,100 | - | - |
| Repair and denial reserve | 469 | 1,158 | 385 |
| Paid-in-kind accrued interest | 3,013 | 1,048 | 77,573 |
| Provision for loan losses on purchased future receivables | 0 | 0 | 2,118 |
| Valuation allowance (recovery), loans held for sale | -38,761 | - | - |
| Net (income) loss of unconsolidated joint ventures, net of distributions | 7,960 | -6,451 | 7,702 |
| Realized (gains) losses, net | -160,451 | 27,506 | -53,900 |
| Unrealized (gains) losses, net | 3,125 | -2,499 | -15,086 |
| Bargain purchase gain | 24,472 | 88,090 | 13,859 |
| Loans, held for sale, net | 506,072 | 50,174 | 326,035 |
| Derivative instruments | -539 | 996 | -5,234 |
| Assets of consolidated vies (excluding loans, net), accrued interest and due from servicers | 9,755 | -50,882 | 60,828 |
| Receivable from third parties | 8,865 | -2,656 | -1,948 |
| Other assets | 6,558 | 105,016 | 58,932 |
| Accounts payable and other accrued liabilities | -22,632 | 31,554 | -22,214 |
| Net cash provided by operating activities from continuing operations | 434,677 | 31,986 | 286,399 |
| Net cash used for operating activities from discontinued operations | 0 | -23,784 | -11,584 |
| Proceeds from liabilities under participation agreements | - | 0 | - |
| Net cash provided by operating activities | 434,677 | 8,202 | 274,815 |
| Origination of loans | 120,005 | 300,692 | 826,430 |
| Purchase of loans | - | - | 0 |
| Proceeds from disposition and principal payment of loans | 558,512 | 1,034,968 | 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 | - | - | 0 |
| Funding of real estate, held for sale | 749 | 215 | 1,408 |
| Proceeds from sale of real estate, held for sale | 49,431 | 8,312 | 67,240 |
| Investment in unconsolidated joint ventures | 8,383 | 11,897 | 33,239 |
| Distributions in excess of cumulative earnings from unconsolidated joint ventures | 6,872 | 2,928 | 13,593 |
| Payment of liabilities under participation agreements | 0 | 1,335 | 14,535 |
| Net cash provided by (used for) disposal of discontinued operations | -3,521 | - | - |
| Net cash provided by (used for) asset acquisitions | 4,249 | - | - |
| Net cash provided by (used for) business acquisitions | 0 | -16,020 | 44,366 |
| Net cash provided by investing activities from continuing operations | 493,448 | 745,704 | 1,434,972 |
| Net cash provided by investing activities from discontinued operations | 0 | 43,316 | 100,045 |
| Net cash provided by investing activities | 493,448 | 789,020 | 1,535,017 |
| Proceeds from secured borrowings | 325,642 | 2,385,296 | 2,102,388 |
| Repayment of secured borrowings | 953,225 | 917,296 | 2,166,562 |
| Repayment of the paycheck protection program liquidity facility borrowings | 2,317 | 8,134 | 17,166 |
| Proceeds from issuance of securitized debt obligations of consolidated vies | - | - | 0 |
| Repayment of securitized debt obligations of consolidated vies | 220,815 | 2,075,012 | 1,520,669 |
| Proceeds from corporate debt | - | - | 125,905 |
| Proceeds from senior secured note | 0 | 290,250 | 92,119 |
| Repayment of convertible note | - | - | 0 |
| Repayment of corporate debt | 629 | 231,511 | - |
| Repayment of guaranteed loan financing | 63,510 | 83,492 | 153,422 |
| Payment of deferred financing costs | 7,841 | 18,099 | 12,178 |
| Payment of contingent consideration | - | - | 0 |
| Proceeds from issuance of equity, net of issuance costs | - | - | 0 |
| Common stock repurchased | 10,570 | 55,151 | 82,250 |
| Settlement of share-based awards in satisfaction of withholding tax requirements | 16 | 1,948 | 1,238 |
| Dividend payments | 22,830 | 67,886 | 206,057 |
| Distributions, net | 0 | 0 | -18 |
| Net cash used for financing activities from continuing operations | -956,111 | -782,983 | -1,839,148 |
| Net cash provided by (used for) financing activities from discontinued operations | 0 | -4,324 | -40,632 |
| Net cash used for financing activities | -956,111 | -787,307 | -1,879,780 |
| Net decrease in cash, cash equivalents, and restricted cash including cash classified within assets held for sale | -27,986 | 9,915 | -69,948 |
| Less net decrease in cash and cash equivalents within assets held for sale | 0 | -29,792 | 9,784 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | -27,986 | 39,707 | -79,732 |
| Cash and cash equivalents at beginning of period | 182,774 | - | 262,506 |
| Cash and cash equivalents at end of period | 194,495 | - | 182,774 |
Ready Capital Corp (RCD)
Ready Capital Corp (RCD)