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| Date | Value |
|---|---|
| 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 |