Short answer

Ready Capital Corp (RC) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $137M (down 39.3% year over year) with net income of −$21M.

Q3 2025 key financials · XBRL

Revenue: $137M; −39.3% YoY · −10.0% QoQ
Net income: −$21M; −83.4% YoY · +63.9% QoQ
EPS (diluted): −$0.13; −85.7% YoY · +61.8% QoQ

Source: XBRL data from the Ready Capital Corp (RC) Q3 2025 10-Q on SEC EDGAR. USD.

Ready Capital Corp Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

Net income from continuing operations $(16.9)M vs $(7.5)M YoY
Distributable earnings $(149.6)M vs $(42.5)M YoY
LMM originations $139.2M vs $246.2M; SBL originations $282.6M vs $439.7M
Cash $147.5M, up $3.7M or 2.6% from December 31, 2024
Near-term headwinds: market volatility, trade-policy uncertainty, geopolitical tensions, inflation, and uncertain rate cuts

Risk Factors

No material risk-factor changes provided; excerpt contains only generic residual-risk language
Share-repurchase execution risk following January 16, 2025 authorization for up to $150.0 million
Legal-compliance risk from SEC rules and other legal requirements governing repurchases
Liquidity risk from deploying capital toward repurchases, with $84,712,998 remaining under the program
Market risk from repurchase timing depending on market conditions and share price

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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Ready Capital Corp (RC) Q3 2025 10-Q Quarterly Report