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Ready Capital cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$25.1M in Q3 2026 · $629M over twelve months

Operating cash flow−$25.1M
Free cash flow−$25.1M

Analysis

In Q3 2026, Ready Capital generated −$25.1M of operating cash flow. That is $460M less than in Q3 2025 ($435M).

Over the twelve months to Sep 30, 2026, operating cash flow was $629M; the largest uses were net borrowing (+) / repaid (−) ($1.2B), other financing ($1.2B), dividends ($33.5M); besides operations, cash came from other investing ($1.7B), asset & business sales ($117M); the cash balance rose by $16.8M.

Operating cash flow was −$25.1M against net income of −$62.2M. The largest differences: receivables +$2.8M, prepaid and other assets −$2.8M, stock-based pay +$1.7M.

Free cash flow

Ready Capital: free cash flow by quarterReady Capital: free cash flow by quarter$29.2MQ4 2024$108MQ1 2025−$100MQ2 2025$435MQ3 2025−$10.8MQ4 2025$590MQ1 2026$75.1MQ2 2026−$25.1MQ3 2026
Operating cash flow less capital spending.
Ready Capital: operating cash flow against capital spendingReady Capital: operating cash flow against capital spendingOperating cash flowCapital spending$29.2M$0Q4 2024$108M$0Q1 2025−$100M$0Q2 2025$435M$0Q3 2025−$10.8M$0Q4 2025$590M$0Q1 2026$75.1M$0Q2 2026−$25.1M$0Q3 2026
Latest (Q3 2026): Operating cash flow −$25.1M, Capital spending $0.

Capital allocation, year by year

Ready Capital: where the cash came from (up) and went (down), by fiscal yearReady Capital: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesAcquisitionsBuybacksDividendsFY2021: Operating cash flow −$34.4MFY2021: Net borrowing −$300MFY2021: Shares issued $165MFY2021: Asset sales $41.7MFY2021: Acquisitions −$11.5MFY2021: Dividends −$112M$207MFY2021FY2022: Operating cash flow $359MFY2022: Net borrowing $577MFY2022: Shares issued $123MFY2022: Asset sales $7.7MFY2022: Acquisitions $124MFY2022: Buybacks −$37.0MFY2022: Dividends −$188M$1.2BFY2022FY2023: Operating cash flow $51.1MFY2023: Net borrowing −$565MFY2023: Shares issued $108KFY2023: Asset sales $78.0MFY2023: Acquisitions $38.7MFY2023: Buybacks −$18.1MFY2023: Dividends −$215M$168MFY2023FY2024: Operating cash flow $275MFY2024: Net borrowing $61.7MFY2024: Asset sales $67.2MFY2024: Acquisitions −$44.4MFY2024: Buybacks −$82.2MFY2024: Dividends −$206M$404MFY2024FY2025: Operating cash flow $432MFY2025: Net borrowing $503MFY2025: Asset sales $72.6MFY2025: Buybacks −$67.6MFY2025: Dividends −$113M$1.0BFY2025
Over these 5 years operating cash flow totalled $1.1B; the largest uses were net borrowing ($865M) and dividends ($834M). Cash-flow statements as filed.

Where the cash came from and went

Ready Capital: sources (+) and uses (−) of cash, Q3 2026Ready Capital: sources (+) and uses (−) of cash, Q3 2026Other investing$470MOther financing−$432MCash drawn (+) / kept (−)−$33.5MOperating cash flow−$25.1MNet borrowing (+) / repaid (−)$13.7MAsset & business sales$10.6MDividends−$3.5MTaxes on employees’ shares−$2K
Ready Capital: sources (+) and uses (−) of cash, TTM to Q3 2026Ready Capital: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing$1.7BNet borrowing (+) / repaid (−)−$1.2BOther financing−$1.2BOperating cash flow$629MAsset & business sales$117MDividends−$33.5MCash drawn (+) / kept (−)−$16.8MBuybacks−$1.9MTaxes on employees’ shares−$683K

From profit to cash

Ready Capital: net income to operating cash flow, Q3 2026Ready Capital: net income to operating cash flow, Q3 2026Net income−$62.2MDepreciation & amortization$1.6MStock-based pay$1.7MReceivables$2.8MPrepaid and other assets−$2.8MOperating cash flow−$25.1M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026−$25.1M——−$3.5M$13.7M−$33.5M−$25.1M
Q2 2026$75.1M——−$3.7M−$512M$63.4M$75.1M
Q1 2026$590M——−$3.6M−$584M$8.3M$590M
Q4 2025−$10.8M—−$1.9M−$22.6M−$106M−$55.0M−$10.8M
Q3 2025$435M—−$10.6M−$22.8M−$628M$28.0M$435M
Q2 2025−$100M—−$37.7M−$23.8M$689M$25.9M−$100M
Q1 2025$108M$16.0M−$17.4M−$44.0M$838M−$65.6M$108M
Q4 2024$29.2M−$200K−$43.1M−$44.6M−$145M$52.8M$29.2M

Ready Capital: income statement and cash flow

Ready Capital, Q3 2026: revenue $25.3M (-70% year over year), operating margin -256.6%. The chart follows the revenue to costs, profit and cash.

Ready Capital: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.