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RC stock logo

RC

Ready Capital Corporation

$1.66
0.03
 (1.84%)
Exchange:  NYSE
Market Cap:  274.264M
Shares Outstanding:  27.898M
Delayed data
Calculate RC Intrinsic Value
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Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Real EstateView sector performance
Industry:  REIT – MortgageView industry performance
   
CEO:  Thomas Edward Capasse
Full Time Employees:  442
Address: 
1251 Avenue of the Americas
New York City
NY
10020
US
Website:  https://www.readycapital.com
Ready Capital Corporation is a U.S.-based entity primarily engaged in the real estate finance sector. Its business activities encompass the procurement, generation, administration, servicing, and funding of various loan types, including commercial loans of small to moderate value (SBC loans), those guaranteed by the Small Business Administration (SBA loans), and residential mortgages. Additionally, it deals in mortgage-backed securities, predominantly supported by SBC loans or other property-linked financial instruments. The organization conducts its operations through three distinct divisions: SBC Lending and Acquisitions: This division, leveraging its subsidiary ReadyCap Commercial, LLC, creates SBC loans. These loans are typically collateralized by investor properties, whether stable or undergoing transition, and are sourced via multiple origination avenues. Small Business Lending: Operating through ReadyCap Lending, LLC, this segment focuses on the acquisition, generation, and servicing of owner-occupied loans. These are secured by guarantees from the SBA, specifically under its Section 7(a) Program. Residential Mortgage Banking: Via its subsidiary GMFS, LLC, this division is responsible for initiating residential mortgage loans. For federal income tax considerations, the company holds the designation of a real estate investment trust (REIT). Consequently, it typically avoids federal corporate income taxation, provided it disburses a minimum of 90% of its taxable earnings to its shareholders. Historically, the firm operated as Sutherland Asset Management Corporation before adopting the name Ready Capital Corporation in September 2018. Established in 2007, its main office is situated in New York City, New York.

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Revenue Segmentation

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Industry Peers

TICKERCOMPANYMKT CAPP/EFWD P/EROIC
RCRC logoRCReady Capital Corporation274.3M——-315.3%
RCRCD logoRCDReady Capital Corporation Notes -15.12…259.7M——-315.3%
ACACRE logoACREAres Commercial Real Estate Corporation243.0M—19.91.4%
NRNREF logoNREFNexPoint Real Estate Finance, Inc.306.7M4.89.52.8%
REREFI logoREFIChicago Atlantic Real Estate Finance, …234.0M7.75.84.9%
MIMITP logoMITPTPG Mortgage Investment Trust Inc 9.50…224.7M8.923.34.5%

EPS

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Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/05/08 — Q1 quarter 2026

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue389,93627,354499,473
Gross Profit389,93627,354437,867
EBITDA1,095,113199,718214,381
Operating Income00120,961
Net Income339,451-435,755-228,915

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets12,441,21710,141,9217,769,796
Total Liabilities9,794,4558,206,1796,118,168
Total Stockholders Equity2,548,2981,838,0451,552,393
Total Debt7,244,1006,035,1725,863,018
Cash and Cash Equivalents138,532143,803247,587

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow51,130286,399-203,482
Capital Expenditure000
Free Cash Flow54,063286,399-203,482
Net Income351,245-430,398-221,061
Net Change in Cash-11,098-79,73273,224

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2028Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Low)219,250.547Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (High)387,137.510Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Avg)279,948.007Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Low)1,092.207Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (High)10,412.340Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Avg)7,114.579Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Low)-17,905.152Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (High)-8,585.019Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Avg)-11,882.780Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Low)199,324.208Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (High)351,952.954Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Avg)254,505.248Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Avg)-0.070Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (High)-0.050Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Low)-0.110Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated Revenue)1Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated EPS)1Research AccessResearch AccessResearch AccessResearch Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
907.036M  ?P/S
 (TTM)
: 
0.66
?Net Income
 (TTM)
: 
-436884000  ?P/E
 (TTM)
: 
-0.48
?Enterprise Value
 (TTM)
: 
4.807B  ?EV/FCF
 (TTM)
: 
4.76
?Dividend Yield
 (TTM)
: 
9.45%  ?Payout Ratio
 (TTM)
: 
-9.49%
?ROE
 (TTM)
: 
-37.62%  ?ROIC
 (TTM)
: 
-315.31%
?Net Debt
 (TTM)
: 
7.504B  ?Debt/Equity
 (TTM)
: 
3.74
?P/B
 (TTM)
: 
0.22  ?Current Ratio
 (TTM)
: 
0.28

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Research Access for high/low estimates and the interactive table.

Forward P/E 1YResearch AccessResearch AccessResearch AccessResearch Access
N/AResearch AccessResearch AccessResearch AccessResearch Access

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SWOT Analysis

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At what price to buy it? -
Intrinsic Value Calculator

Based on current fundamentals and analyst forecasts, MARKETSnap estimates RC intrinsic value between $23.40 – $24.72 per share. This depends on revenue growth, margins, and discount rate.

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.

[intrinsic_calculator]

Common questions about RC valuation

Is Ready Capital Corporation (RC) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for Ready Capital Corporation (RC) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is RC a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether RC trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is RC’s P/E ratio?

You can see RC’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for RC?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is RC a good long-term investment?

Whether RC fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

RC

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

1.84
MARKETSnap

Trading Metrics:

Open: 1.63   Previous Close: 1.63
Day Low: 1.58   Day High: 1.68
Year Low: 1.39   Year High: 4.41
Price Avg 50: 1.67   Price Avg 200: 1.85
Volume: 5.251M   Average Volume: 1.396M

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See in Nexus

Relevant news

Ready Capital Corporation Declares Third Quarter 2026 Dividends
15-09-2026 16:15
Ready Capital Corporation Declares Third Quarter 2026 Dividends
Ready Capital (NYSE:RC) Stock Crosses Below Two Hundred Day Moving Average   – Here’s Why
10-09-2026 03:22
Ready Capital (NYSE:RC) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why
Ready Capital Corporation Reports Second Quarter 2026 Results
06-08-2026 17:10
Ready Capital Corporation Reports Second Quarter 2026 Results
Ready Capital Corporation Announces Second Quarter 2026 Results and Webcast Call
31-07-2026 16:10
Ready Capital Corporation Announces Second Quarter 2026 Results and Webcast Call
Ready Capital Corporation (RC) Shareholder/Analyst Call Prepared Remarks Transcript
17-07-2026 10:16
Ready Capital Corporation (RC) Shareholder/Analyst Call Prepared Remarks Transcript
Ready Capital Corporation Declares Second Quarter 2026 Dividends
15-06-2026 18:15
Ready Capital Corporation Declares Second Quarter 2026 Dividends

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