Short answer

Ready Capital Corp (RC) filed its Q1 2026 10-Q quarterly report on May 8, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $82M (down 47.3% year over year) with net income of −$204M.

Q1 2026 key financials · XBRL

Revenue: $82M; −47.3% YoY
Net income: −$204M; −362.9% YoY
EPS (diluted): −$1.25; −371.7% YoY

Source: XBRL data from the Ready Capital Corp (RC) Q1 2026 10-Q on SEC EDGAR. USD.

Ready Capital Corp Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

Net income from continuing operations $(200.1)M vs $82.4M YoY; EPS $(1.25) vs $0.47
Return on equity (59.0)% vs 18.4% YoY; book value $7.43 vs $10.61
LMM Commercial Real Estate worst segment: pretax loss $(197.2)M vs $(19.7)M
Small Business Lending pretax loss $(7.9)M vs $7.9M; loan originations $176.7M vs $387.4M
Cash $200.4M, down $7.4M or 3.6% from December 31, 2025; total assets down $1.5B to $6.3B

Risk Factors

No material risk-factor changes disclosed; filing states only that additional unknown or immaterial risks could adversely affect results
Executive-transition risk from Adam Zausmer separation, including $1.25 million cash payment and accelerated vesting of 262,426 awards
Compliance risk from share repurchases, subject to SEC rules and other legal requirements under a $150.0 million authorization
Near-term market risk from management-timed repurchases, dependent on market conditions and share price
Financial flexibility risk from $67,229,668 remaining under the repurchase program after quarter-end purchases

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) Q1 2026 10-Q Quarterly Report