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

Ready Capital's (RC) quarterly Operating Expenses came in at $82.7 million in Q1 2026, up 13.95% year-on-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.

  • On a quarterly basis, Operating Expenses rose 13.95% year-over-year to $82.7 million in Q1 2026; TTM through Mar 2026 was $327.4 million, a 3.33% increase from a year earlier, with the FY2025 full-year figure at $317.3 million, down 1.62% from the prior year.
  • Operating Expenses retreated to $82.7 million in Q1 2026 per RC's latest filing, from $100.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $106.9 million in Q4 2024 and bottomed 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.
  • Across the five-year window, Operating Expenses retreated 26.68% in 2022 and jumped 416.12% in 2023, its largest moves.
  • Year by year, Operating Expenses 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.
  • Per Business Quant, the three latest RC Operating Expenses figures stand at $82.7 million (Q1 2026), $100.0 million (Q4 2025), and $74.3 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - 63.74 Mn
2 AGNC Investment 11.85 Bn 11.36 Bn - 34.00 Mn
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 480.31 Mn
4 Rithm Capital 5.01 Bn 5.01 Bn - 1.24 Bn
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 110.77 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - 80.37 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - 21.25 Mn
8 Armour Residential REIT 1.42 Bn 1.34 Bn - 17.16 Mn
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 49.45 Mn
10 Ready Capital 243.87 Mn 243.87 Mn - 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