Ready Capital Corp balance sheet
At the end of fiscal 2025, Ready Capital Corp had total assets of $7.77bn, total liabilities of $6.12bn and shareholders' equity of $1.54bn. It held $208m in cash against $1.39bn of debt.
Balance sheet
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 0.0 | 0.2 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 |
| Goodwill | — | — | 0.0 | 0.0 | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total assets | 0.2 | 0.6 | 0.8 | 2.3 | 2.6 | 2.5 | 3.0 | 5.0 | 5.4 | 9.5 | 11.6 | 12.4 | 10.1 | 7.8 | 6.3 |
| Long-term debt | — | — | — | — | — | — | 0.3 | 0.4 | 0.4 | 0.9 | 1.1 | 1.1 | 1.3 | 1.4 | 1.2 |
| Total debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.9 | 0.6 | 0.8 | 1.2 | 1.3 | 2.5 | 2.8 | 2.1 | 1.4 | 1.4 | 1.2 |
| Total liabilities | 0.1 | 0.4 | 0.6 | 1.8 | 2.1 | 2.0 | 2.5 | 4.1 | 4.5 | 8.2 | 9.7 | 9.8 | 8.2 | 6.1 | 4.9 |
| Shareholders' equity | 0.0 | 0.2 | 0.2 | 0.4 | 0.5 | 0.5 | 0.5 | 0.8 | 0.8 | 1.3 | 1.8 | 2.5 | 1.8 | 1.5 | 1.2 |
| Non-controlling interests and other (assets − liabilities − equity) | 0.0 | 0.0 | 0.0 | — | — | — | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 8m | 8m | — | 26m | 31m | 32m | 32m | 51m | 54m | 76m | 111m | 172m | 163m | 163m | 165m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Goodwill | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total assets | 11.3 | 10.1 | 10.0 | 9.3 | 8.3 | 7.8 | 6.3 | 6.3 |
| Long-term debt | 1.2 | 1.3 | 1.5 | 1.4 | 1.4 | 1.4 | 1.3 | 1.2 |
| Total debt | 1.2 | 1.3 | 1.5 | 1.4 | 1.4 | 1.4 | 1.3 | 1.2 |
| Total liabilities | 8.9 | 8.2 | 7.9 | 7.4 | 6.4 | 6.1 | 4.9 | 4.9 |
| Shareholders' equity | 2.2 | 1.8 | 1.9 | 1.8 | 1.8 | 1.5 | 1.3 | 1.2 |
| Shares outstanding | 169m | 163m | 173m | 164m | 162m | 163m | 165m | 165m |
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