Ready Capital (RC) Operating Expenses (2012 - 2026)
Ready Capital (RC) posted Operating Expenses of $77.6 million for Q2 2026, down 6.24% on a QoQ basis from $82.7 million in Q1 2026, and up 10.38% year-over-year from $70.3 million in Q2 2025.
Analysis
Ready Capital (RC) Operating Expenses (2012 - 2026) Analysis & Trends
Ready Capital has reported Operating Expenses for 15 years, with the latest figure at $77.6 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 10.38% year-over-year to $77.6 million in Q2 2026; TTM through Jun 2026 was $334.7 million, a 4.69% increase from a year earlier, with the FY2025 full-year figure at $317.3 million, down 1.62% from the prior year.
- Operating Expenses was $77.6 million for Q2 2026 at Ready Capital, down from $82.7 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.
- Average Operating Expenses over 5 years is $71.6 million, with a median of $71.6 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses fell 26.68% in 2022, then soared 416.12% in 2023.
- Over 5 years, Operating Expenses stood at $15.5 million in 2022, then jumped by 416.12% to $79.9 million in 2023, then surged by 33.76% to $106.9 million in 2024, then retreated by 6.4% to $100.0 million in 2025, then retreated by 22.46% to $77.6 million in 2026.
- The last three Operating Expenses figures came in at $77.6 million (Q2 2026), $82.7 million (Q1 2026), and $100.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | 16.21 Mn |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 51.40 Mn |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 111.00 Mn |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | 17.16 Mn |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 76.02 Mn |
| 10 | Ready Capital | 282.34 Mn | 282.34 Mn | - | 77.57 Mn |
Historic Data
Download Data
Historic 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 |