Ready Capital (RC-PE) Operating Expenses (2012 - 2026)

Ready Capital (RC-PE) recorded quarterly Operating Expenses of $82.7 million in Q1 2026, down 17.31% quarter-over-quarter from $100.0 million in Q4 2025, and up 13.95% on a YoY basis from $72.6 million in Q1 2025.

Ready Capital (RC-PE) Operating Expenses (2012 - 2026) Analysis & Trends

Ready Capital's Operating Expenses history runs 15 years deep, the most recent figure standing at $82.7 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 13.95% year-over-year to $82.7 million; the TTM figure through Mar 2026 stood at $327.4 million (up 3.33% YoY), while the FY2025 annual figure was $317.3 million, down 1.62% from the prior year.
  • Operating Expenses was $82.7 million for Q1 2026 at Ready Capital, down from $100.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $106.9 million in Q4 2024 to a low of $15.5 million in Q4 2022.
  • Historically, Operating Expenses has averaged $71.2 million across 5 years, with a median of $70.7 million in 2023.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses declined 26.68% in 2022, then surged 416.12% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $15.5 million in 2022, then soared by 416.12% to $79.9 million in 2023, then jumped by 33.76% to $106.9 million in 2024, then fell by 6.4% to $100.0 million in 2025, then dropped by 17.31% to $82.7 million in 2026.
  • The last three Operating Expenses figures came in at $82.7 million (Q1 2026), $100.0 million (Q4 2025), and $74.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 63.74 Mn
2 AGNC Investment 11.42 Bn 10.75 Bn - 34.00 Mn
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 480.31 Mn
4 Rithm Capital 5.08 Bn 4.78 Bn - 1.24 Bn
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 110.77 Mn
6 Dynex Capital 2.58 Bn 1.80 Bn - 21.25 Mn
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 15.35 Mn
8 Ellington Financial 1.67 Bn 1.39 Bn - 80.37 Mn
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 49.45 Mn
10 Ready Capital - - - 82.73 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 82.73 Mn
Dec 31, 2025 100.05 Mn
Sep 30, 2025 74.34 Mn
Jun 30, 2025 70.28 Mn
Mar 31, 2025 72.60 Mn
Dec 31, 2024 106.89 Mn
Sep 30, 2024 69.93 Mn
Jun 30, 2024 67.44 Mn
Mar 31, 2024 78.26 Mn
Dec 31, 2023 79.91 Mn
Sep 30, 2023 65.51 Mn
Jun 30, 2023 70.70 Mn
Mar 31, 2023 56.05 Mn
Dec 31, 2022 15.48 Mn
Sep 30, 2022 74.60 Mn
Jun 30, 2022 58.72 Mn
Mar 31, 2022 67.54 Mn
Dec 31, 2021 -59.24 Mn
Sep 30, 2021 88.82 Mn
Jun 30, 2021 80.08 Mn