Ready Capital (RC) EBITDA (2014 - 2026)

Ready Capital's (RC) quarterly EBITDA came in at -$119.9 million in Q1 2026, down 155.1% year-on-year from $217.7 million in Q1 2025, and up 21.79% quarter-over-quarter from -$153.3 million in Q4 2025.

Ready Capital (RC) EBITDA (2014 - 2026) Analysis & Trends

Ready Capital's EBITDA history runs 13 years deep, the most recent figure standing at -$119.9 million for Q1 2026.

  • On a quarterly basis, EBITDA fell 155.1% year-over-year to -$119.9 million in Q1 2026; TTM through Mar 2026 was -$126.0 million, a 144.63% decrease from a year earlier, with the FY2025 full-year figure at $211.6 million, up 17.57% from the prior year.
  • EBITDA climbed to -$119.9 million in Q1 2026 per RC's latest filing, from -$153.3 million in the prior quarter.
  • Across five years, EBITDA topped out at $416.9 million in Q2 2023 and bottomed at -$198.1 million in Q4 2024.
  • The 5-year median for EBITDA is $143.1 million (2022), against an average of $112.7 million.
  • Across the five-year window, EBITDA slumped 188.62% in 2024 and surged 179.02% in 2025, its largest moves.
  • Year by year, EBITDA stood at $126.3 million in 2022, then soared by 76.95% to $223.5 million in 2023, then slumped by 188.62% to -$198.1 million in 2024, then rose by 22.6% to -$153.3 million in 2025, then grew by 21.79% to -$119.9 million in 2026.
  • Per Business Quant, the three latest RC EBITDA figures stand at -$119.9 million (Q1 2026), -$153.3 million (Q4 2025), and $100.1 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - 1.56 Bn
2 AGNC Investment 11.85 Bn 11.36 Bn - -
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 382.38 Mn
4 Rithm Capital 5.01 Bn 5.01 Bn - 598.90 Mn
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 215.55 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - 188.28 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - -
8 Armour Residential REIT 1.42 Bn 1.34 Bn - -
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 167.51 Mn
10 Ready Capital 243.87 Mn 243.87 Mn - -119.93 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -119.93 Mn
Dec 31, 2025 -153.34 Mn
Sep 30, 2025 100.09 Mn
Jun 30, 2025 47.15 Mn
Mar 31, 2025 217.67 Mn
Dec 31, 2024 -198.12 Mn
Sep 30, 2024 159.70 Mn
Jun 30, 2024 103.16 Mn
Mar 31, 2024 78.01 Mn
Dec 31, 2023 223.55 Mn
Sep 30, 2023 236.12 Mn
Jun 30, 2023 416.95 Mn
Mar 31, 2023 198.28 Mn
Dec 31, 2022 126.34 Mn
Sep 30, 2022 186.52 Mn
Jun 30, 2022 150.11 Mn
Mar 31, 2022 143.13 Mn
Dec 31, 2021 179.06 Mn
Sep 30, 2021 103.21 Mn
Jun 30, 2021 93.31 Mn