Ready Capital (RC) Operating Expenses (2012 - 2026)
Ready Capital (RC) posted quarterly Operating Expenses of $82.7 million for Q1 2026, up 13.95% year-over-year from $72.6 million in Q1 2025, and down 17.31% quarter-over-quarter from $100.0 million in Q4 2025.
Ready Capital (RC) 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 for Q1 2026 stood at $82.7 million, down from $100.0 million in the prior quarter.
- The five-year high for Operating Expenses was $106.9 million in Q4 2024, with the low at $15.5 million in Q4 2022.
- The 5-year median for Operating Expenses is $70.7 million (2023), against an average of $71.2 million.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses dropped 26.68% in 2022, then jumped 416.12% in 2023.
- Ready Capital's Operating Expenses stood at $15.5 million in 2022, then surged by 416.12% to $79.9 million in 2023, then soared by 33.76% to $106.9 million in 2024, then declined by 6.4% to $100.0 million in 2025, then slipped by 17.31% to $82.7 million in 2026.
- Business Quant data shows RC's Operating Expenses at $82.7 million in Q1 2026, $100.0 million in Q4 2025, and $74.3 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 16.21 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 111.00 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 17.16 Mn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 76.02 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 6.76 Mn |
| 10 | Ready Capital | 281.50 Mn | 281.50 Mn | - | 77.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 77.57 Mn |
| 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 |