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RC stock logo

RC

Ready Capital Corporation

$1.6
0.03
 (1.91%)
Exchange:  NYSE
Market Cap:  261.571M
Shares Outstanding:  27.898M
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Real Estate
Industry:  REIT – Mortgage
   
CEO:  Thomas Edward Capasse
Full Time Employees:  475
Address: 
1251 Avenue of the Americas
New York City
NY
10020
US
Website:  https://www.readycapital.com
Ready Capital Corporation operates as a real estate finance company in the United States. The company acquires, originates, manages, services, and finances small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking. The SBC Lending and Acquisitions segment, through its subsidiary, ReadyCap Commercial, LLC, originate SBC loans secured by stabilized or transitional investor properties using various loan origination channels. The Small Business Lending segment, through its subsidiary, ReadyCap Lending, LLC, acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program. The Residential Mortgage Banking segment, through its subsidiary, GMFS, LLC, originates residential mortgage loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.

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Revenue Segmentation

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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.

2025/05/09 — Q1 quarter 2025

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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
EBITDA00214,381
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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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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Analyst Estimates

Fiscal Year2027Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Low)330,436.638Full AccessFull AccessFull AccessFull Access
Estimated Revenue (High)394,095.367Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Avg)362,302.800Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Low)28,365.632Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (High)33,830.280Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Avg)31,101.115Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Low)-260,925.152Full AccessFull AccessFull AccessFull Access
Estimated Net Income (High)59,795.347Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Avg)-90,796.250Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Low)290,098.140Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (High)345,985.643Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Avg)318,074.197Full AccessFull AccessFull AccessFull Access
Estimated EPS (Avg)-0.390Full AccessFull AccessFull AccessFull Access
Estimated EPS (High)0.360Full AccessFull AccessFull AccessFull Access
Estimated EPS (Low)-1.560Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated Revenue)2Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated EPS)3Full AccessFull AccessFull AccessFull Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
907.036M  ?P/S
 (TTM)
: 
0.61
?Net Income
 (TTM)
: 
-436884000  ?P/E
 (TTM)
: 
-1.31
?Enterprise Value
 (TTM)
: 
5.918B  ?EV/FCF
 (TTM)
: 
19.56
?Dividend Yield
 (TTM)
: 
0.15  ?Payout Ratio
 (TTM)
: 
-0.5
?ROE
 (TTM)
: 
-0.13  ?ROIC
 (TTM)
: 
-0.87
?Net Debt
 (TTM)
: 
7.504B  ?Debt/Equity
 (TTM)
: 
3.78
?P/B
 (TTM)
: 
0.19  ?Current Ratio
 (TTM)
: 
1.04

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Forward P/E Ratios

?

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Forward P/E 1YFull AccessFull AccessFull AccessFull Access
N/AFull AccessFull AccessFull AccessFull 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.


Calculate RC Intrinsic Value

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

1.91
MARKETSnap

Trading Metrics:

Open: 1.56   Previous Close: 1.57
Day Low: 1.55   Day High: 1.6
Year Low: 1.5   Year High: 4.95
Price Avg 50: 1.84   Price Avg 200: 3.05
Volume: 1.395M   Average Volume: 2.362M

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See in Nexus

Relevant news

Ready Capital Corporation Provides Business Update
01-04-2026 16:15
Ready Capital Corporation Provides Business Update
Waterfall Asset Management Originates $19.5 Million Loan to Support Acquisition of Greenwich Village Retail Property
27-03-2026 08:00
Ready Capital Corp (NYSE:RC) Receives Consensus Recommendation of “Reduce” from Brokerages
Ready Capital Corporation Declares First Quarter 2026 Dividends
Ready Capital: 14% YTM Bonds Offer The Best Risk-Reward
Ready Capital Corporation (RC) Q4 2025 Earnings Call Transcript

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