Ready Capital (RCD) EBITDA (2014 - 2026)

Ready Capital (RCD) recorded quarterly EBITDA of -$119.9 million in Q1 2026, up 21.79% quarter-over-quarter from -$153.3 million in Q4 2025, and down 155.1% on a YoY basis from $217.7 million in Q1 2025.

Ready Capital (RCD) 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.

  • In Q1 2026, EBITDA fell 155.1% year-over-year to -$119.9 million; the TTM figure through Mar 2026 stood at -$126.0 million (down 139.43% YoY), while the FY2025 annual figure was $211.6 million, up 17.57% from the prior year.
  • EBITDA was -$119.9 million for Q1 2026 at Ready Capital, up from -$153.3 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $416.9 million in Q2 2023 to a low of -$160.9 million in Q4 2024.
  • Historically, EBITDA has averaged $110.1 million across 5 years, with a median of $100.1 million in 2025.
  • The sharpest annual moves came in 2023 and 2024: EBITDA soared 475.35% in 2023, then sank 171.99% in 2024.
  • A 5-year view of EBITDA shows it stood at $334.9 million in 2022, then slumped by 33.25% to $223.5 million in 2023, then tumbled by 171.99% to -$160.9 million in 2024, then gained by 4.72% to -$153.3 million in 2025, then grew by 21.79% to -$119.9 million in 2026.
  • The last three EBITDA figures came in at -$119.9 million (Q1 2026), -$153.3 million (Q4 2025), and $100.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 245.47 Mn
2 AGNC Investment 11.42 Bn 10.75 Bn - -156.00 Mn
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 382.38 Mn
4 Rithm Capital 5.08 Bn 4.78 Bn - 154.24 Mn
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 215.55 Mn
6 Dynex Capital 2.58 Bn 1.80 Bn - -83.17 Mn
7 Armour Residential REIT 2.05 Bn 1.32 Bn - -
8 Ellington Financial 1.67 Bn 1.39 Bn - 179.14 Mn
9 Two Harbors Investment 1.29 Bn 746.67 Mn - -11.91 Mn
10 Ready Capital - - - -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 -160.92 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 44.28 Mn
Dec 31, 2022 334.89 Mn
Sep 30, 2022 186.52 Mn
Jun 30, 2022 72.47 Mn
Mar 31, 2022 85.20 Mn
Dec 31, 2021 -138.85 Mn
Sep 30, 2021 103.21 Mn
Jun 30, 2021 93.31 Mn