v3.26.1
UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Series C Preferred Stock
Series E Preferred Stock
Total Ready Capital Corporation Equity
Total Ready Capital Corporation Equity
Series C Preferred Stock
Total Ready Capital Corporation Equity
Series E Preferred Stock
Preferred Stock
Common Stock
Additional Paid-In Capital
Retained Earnings (Deficit)
Retained Earnings (Deficit)
Series C Preferred Stock
Retained Earnings (Deficit)
Series E Preferred Stock
Accumulated Other Comprehensive Income (Loss)
Non-Controlling Interest
Beginning balance (in shares) at Dec. 31, 2024             4,600,000              
Beginning balance at Dec. 31, 2024 $ 1,935,742     $ 1,838,045     $ 111,378 $ 17 $ 2,250,291 $ (505,089)     $ (18,552) $ 97,697
Beginning balance (in shares) at Dec. 31, 2024               162,792,372            
Increase (Decrease) in Stockholders' Equity                            
Dividends declared, common stock (22,693)     (22,693)           (22,693)        
Dividends declared, OP units (111)                         (111)
Dividends declared, preferred share   $ (131) $ (1,868)   $ (131) $ (1,868)         $ (131) $ (1,868)    
Distributions, net (100)                         (100)
Shares issued pursuant to merger transactions (in shares)               12,766,819            
Shares issued pursuant to merger transactions 64,600     64,600         64,600          
Stock-based compensation (in shares)               682,080            
Stock-based compensation 6,238     6,238         6,238          
Share repurchases (in shares)               (3,734,044)            
Share repurchases (19,320)               (19,320)          
Reallocation of non-controlling interest 0     281         292       (11) (281)
Net income (loss) 81,965     79,505           79,505       2,460
Other comprehensive income (loss) (3,131)     (3,110)                 (3,110) (21)
Ending balance (in shares) at Mar. 31, 2025             4,600,000              
Ending balance at Mar. 31, 2025 2,041,191     1,941,547     $ 111,378 $ 17 2,302,101 (450,276)     (21,673) 99,644
Ending balance (in shares) at Mar. 31, 2025               172,507,227            
Beginning balance (in shares) at Dec. 31, 2025             4,600,000              
Beginning balance at Dec. 31, 2025 $ 1,643,267     1,544,032     $ 111,378 $ 17 2,264,355 (807,522)     (24,196) 99,235
Beginning balance (in shares) at Dec. 31, 2025 163,010,012             163,010,012            
Increase (Decrease) in Stockholders' Equity                            
Dividends declared, common stock $ (1,677)     (1,677)           (1,677)        
Dividends declared, OP units (3)                         (3)
Dividends declared, preferred share   $ (131) $ (1,868)   $ (131) $ (1,868)         $ (131) $ (1,868)    
Stock-based compensation (in shares)               2,460,319            
Stock-based compensation 1,491     1,491         1,491          
Share repurchases (in shares)               (214,772)            
Share repurchases (374)     (374)         (374)          
Reallocation of non-controlling interest 0     60         62       (2) (60)
Net income (loss) (200,087)     (201,729)           (201,729)       1,642
Other comprehensive income (loss) (279)     (278)                 (278) (1)
Ending balance (in shares) at Mar. 31, 2026   335 4,600,000       4,600,000              
Ending balance at Mar. 31, 2026 $ 1,440,339     $ 1,339,526     $ 111,378 $ 17 $ 2,265,534 $ (1,012,927)     $ (24,476) $ 100,813
Ending balance (in shares) at Mar. 31, 2026 165,255,559             165,255,559