Ready Capital Corporation
NYSE: RCB · OTHER · OTHER
Updated 2026-05-01
Ready Capital Corporation (RCB) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.63B | $-335000.00 | $-257.07M | $27.59M | $-10.23M | $-20.14M | $-21.45M | $-52.40M | $68.89M | $-34.44M | $359.15M | $33.07M | $-51.22M | $455.90M |
| Capital expenditures | $0.00 | $0.00 | $54.06M | $14.24M | $65.94M | $0.00 | $362000.00 | $894000.00 | $329000.00 | $3.70B | $4.76B | $929.05M | $0.00 | $0.00 |
| Depreciation | $-893.79M | $88.46M | $-6.56B | $10.50M | $5.66M | $4.64M | $5.06M | $14.41M | $33.55M | $-23.56M | $25.07M | $20.23M | $19.77M | — |
| Stock-based comp | — | — | — | — | — | $290000.00 | $447000.00 | $1.48M | $5.30M | $6.92M | $7.50M | $7.55M | $8.12M | $5.81M |
| Free cash flow | $2.63B | $-335000.00 | $-311.13M | $13.35M | $-76.17M | $-20.14M | $-21.82M | $-53.29M | $68.56M | $-3.74B | $-4.40B | $-895.98M | $-51.22M | $455.90M |
| Investing cash flow | $-8.86B | $-187.50M | $-880.85M | $-187.35M | $409.68M | $136.90M | $-419.01M | $-1.21B | $-59.44M | $-1.72B | $-1.56B | $1.04B | $1.86B | — |
| Financing cash flow | $18.96B | $357.20M | $976.59M | $144.59M | $-381.46M | $-106.50M | $444.48M | $1.30B | $63.05M | $1.88B | $1.17B | $-1.09B | $-1.88B | — |
| Dividends paid | $15.42M | $10.41B | $17.32M | $35.61M | $46.87M | $48.32M | $51.32M | $63.33M | $56.88M | $111.92M | $187.83M | $215.09M | $206.06M | $113.32M |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | $38.00M | $-23.27M | $-13.00M | $18.00M | $3.86M | $4.02M | $33.01M | $72.50M | $122.85M | — | — | — | — |
Frequently asked questions
How profitable is RCB?
In its most recent fiscal year, RCB ran a gross margin of 87.67%, an operating margin of 24.22%, and a net margin of -45.83%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does RCB generate?
RCB produced $455.90M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is RCB's balance sheet healthy?
RCB holds $143.80M in cash and equivalents against — in long-term debt, on $1.84B of shareholder equity. That debt is best read against the cash flow the business throws off each year.