Ready Capital Corporation
RC · Price history
Price at last available close
$1.18
−$0.06 (-4.84%) 1M
2026-10-28
Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.
Company & revenue
About Ready Capital Corporation
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Ready Capital Corporation is a U. S. -based entity primarily engaged in the real estate finance sector.
How they make money
Ready Capital Corporation operates as a multi-strategy real estate finance company that generates revenue primarily through interest income on its portfolio of commercial real estate loans. The company also earns fees from originating and servicing loans, including Small Business Administration (SBA) and Freddie Mac programs, and realizes gains or losses from the securitization and sale of these financial assets.
Products & services
The company provides construction, bridge, and permanent financing for lower-to-middle-market commercial real estate, SBA 7(a) guaranteed loans, and mortgage-backed securities.
Brands & revenue mix
A business line focused on construction and permanent financing for affordable housing, supported by subsidiary Red Stone.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Disclosed major customers
- Freddie MacSource
Customer concentration
The company discloses that it sells qualifying loans to Freddie Mac, which represents a significant channel for its LMM commercial real estate segment as of 2025-12-31.
Suppliers, materials & equipment
- Information Technology Service Providers — The company relies on third-party vendors for information technology systems and cybersecurity infrastructure; specific supplier names are unnamed.Source
Strengths
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt is at least one year of revenue
Debt is large relative to the company's recent revenue base. Review maturity dates, borrowing terms and whether available liquidity can support the obligation.
Interest coverage is below 2x
Reported earnings provide limited coverage of interest expense. Review the underlying interest and operating-income figures because weak coverage can increase refinancing and liquidity risk.
Free cash flow is negative
The latest reported period did not generate positive free cash flow. Check whether the cash use reflects development investment, working capital or continuing operating losses.
Cash covers less than 20% of total debt
Cash on hand is small relative to reported debt. Compare unrestricted cash, debt maturities and expected financing needs rather than treating the ratio alone as a default prediction.
Quarterly revenue fell 678.1% versus the same quarter last year.
Check comparable business scope and currency, then separate volume, pricing and divestitures. One weaker quarter does not establish that the same decline will continue.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
20
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
17
Poor
Financial Strength
29
Business Quality / Moat
19
Management
7
Growth Quality
0
Risk / Durability
20
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
37
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
44/100
Building Historical Record
Model Score 44/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Insider activity signal is favorable
- •Recent buyback activity is present
- •High debt risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for RC
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving RC's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can RC fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is RC's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for RC to reach sustainable profitability?
- •What future growth or profitability would be needed to justify RC's current valuation?
Essential Investment Snapshot
Wall Street Score
20
Opportunity Score
37
Market Cap
$194.9M
P/E Ratio
-0.3
EPS
$-3.44
52-Week High
$3.39
52-Week Low
$1.06
Beta
1.60
Analyst Target
$1.63
Shares Outstanding
167.3M
Total Revenue
$409.1M
Total Debt
$4.66B
Dividend
No current dividend
Liquidation Value / Share
$8.07
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Extreme movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for RC
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
High debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on RC.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Full-service real estate finance platform.
- +Experience in underwriting and managing commercial real estate loans.
Potential downside factors
- −Debt risk (high): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
20
Oct 1, 2026
Change
Unchanged
Current Score
20
Oct 15, 2026
Category Changes
RC score was unchanged.
Projected Score
Projected Score
16
Projected Change
-3.4 points
Preliminary comparable-period financial changes suggest decline of approximately 3.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$1.18
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: +1726.0%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $700.2M | $499.5M | $27.4M | $389.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $106.8M | $61.6M | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $593.4M | $437.9M | $27.4M | $389.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | -$2.9M | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $139.6M | $108.7M | $98.7M | $96.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $559.3M | $316.9M | $27.4M | $389.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$174.4M | $214.4M | $199.7M | $1.10B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $34.1M | $121.0M | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $417.5M | $514.1M | $696.5M | $716.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$620.8M | -$302.6M | -$516.5M | $358.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | -$71.5M | -$86.7M | -$104.5M | $7.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$556.2M | -$228.9M | -$435.8M | $339.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-3.44 | $-1.44 | $-2.63 | $2.26 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 164M | 165M | 169M | 147M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 171M | 167M | 170M | 149M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$69.5M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.62
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-34.8%
Cash Change
-23.8%
Margin Change
-608.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Debt reduced
What Weakened
- Margins contracted
- Cash position declined
Potential Score Impact
Positive indicators included EPS growth, debt levels. Pressure indicators included revenue growth, cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 678.1%. EPS increased 82.4%. Cash declined 23.8%. Total debt declined 34.8%. Net income margin declined by 608.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
REIT - MortgageADAM
Adamas Trust, Inc.
REFI
Chicago Atlantic Real Estate Finance, Inc.
NLY
Annaly Capital Management, Inc.
PMT
PennyMac Mortgage Investment Trust
MITT
TPG Mortgage Investment Trust Inc
AOMR
Angel Oak Mortgage, Inc.
News
RC Fornax wins further government contract as Cavendish sees stronger revenue visibility
RC Fornax lands UK Government contract, ups revenue visibility
Ready Capital Corporation Prices $225 Million of Senior Secured Notes Due 2031 and Announces Redemption of $350 Million of Notes Due 2026
RC Fornax wins £4 million government contract and reshapes business
Rumor Mill · RC
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
Related Stock Research
Continue researching this company with related Wall Street Score rankings and investing guides.
Score Alerts
Premium unlocks alerts when a score rises, falls, or reaches your target price.
Start 7-Day Free TrialPortfolio Score
Premium unlocks portfolio scoring, strongest and weakest holdings, and overall margin of safety.
Start 7-Day Free Trial