Ready Capital Corp
RCNYSEReal Estate · Real Estate Investment Trusts · MD · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — |
| Net income | −$221.1M | −$430.4M | $348.4M | $203.2M | $160.0M | −$50.5M |
| Total assets | $7.77B | $10.14B | $12.44B | $11.62B | $9.53B | $5.37B |
| Total liabilities | $6.12B | $8.20B | $9.79B | $9.72B | $8.25B | $4.54B |
| Equity | $1.54B | $1.84B | $2.54B | $1.79B | $1.28B | $815.4M |
| EPS (diluted) | $-1.44 | $-2.63 | $2.22 | $1.65 | $2.16 | $0.81 |
| Shares out. | 163.2M | 172.6M | 110.7M | 83.3M | 54.4M | 52.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- −14.3%
- Return on assets
- −2.8%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 78.7%
- Debt / equity
- 3.96×
- Book value / share
- $9.46
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −8.4%clean
- Piotroski F-Score
- 5/6mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 1 warning● 2 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-K/Amissed a reporting deadline ↗Apr 30, 2020
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Vanguard Group IncPassive (13G)Mar 27, 2026
- Blackrock, Inc.Passive (13G)Jan 8, 2026
- Amster HowardActivist (13D)Nov 10, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 22.6M | 11.6 | +1.1% |
| Apr 30, 2026 | 22.4M | 16.3 | -1.9% |
| Apr 15, 2026 | 22.8M | 16.8 | -1.1% |
| Mar 31, 2026 | 23.0M | 9.9 | +0.5% |
| Mar 13, 2026 | 22.9M | 7.6 | -9.5% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 7, 2026
- Other material eventMar 24, 2026
- Results of operationsFeb 26, 2026
- Results of operationsNov 6, 2025
- Regulation FD disclosureSep 9, 2025
- Results of operationsAug 8, 2025
- Shareholder voteJul 1, 2025
- Results of operationsMay 8, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.