Filing Flows › Ready Capital (RC) › Q3 2026 › vs Q3 2025
Ready Capital (RC) Q3 2026 vs Q3 2025 (year over year)
Ready Capital's revenue fell $60.1M (-70%) from $85.4M in Q3 2025 to $25.3M in Q3 2026. The biggest changes: Noninterest income −$49.6M (-66%); Net interest income −$10.5M (-100%).
Ready Capital, Q3 2026: revenue $25.3M (-70% year over year), operating margin -256.6%, net loss $62.2M, operating cash flow −$25.1M. The chart draws each line against Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Net interest income | $1K | $10.5M | −$10.5M | -100% |
| Noninterest income | $25.3M | $74.9M | −$49.6M | -66% |
| Revenue | $25.3M | $85.4M | −$60.1M | -70% |
| Income tax benefit | $2.8M | $9.9M | −$7.1M | -72% |
| Net loss | $62.2M | $16.7M | $45.5M | +272% |
| Costs & expenses | $90.3M | $112M | −$21.8M | -19% |
| Operating costs | $90.3M | $112M | −$21.8M | -19% |
| Credit loss provision | $12.7M | $38.0M | −$25.3M | -67% |
| Noninterest expense | $77.7M | $74.3M | $3.3M | +4% |
| Operating cash sources | $62.2M | $16.7M | $45.5M | +272% |
| Depreciation & amortization | $1.6M | $1.1M | $480K | +44% |
| Share-based compensation | $1.7M | $1.6M | $100K | +6% |
| Working capital & other | $33.8M | $449M | −$415M | -92% |
| Cash used in operations | $25.1M | −$435M | $460M | — |
| Net loss absorbed | $62.2M | $16.7M | $45.5M | +272% |
Questions
How much did Ready Capital's revenue grow year over year in Q3 2026?
Ready Capital's revenue fell $60.1M (-70%) from $85.4M in Q3 2025 to $25.3M in Q3 2026.
What drove Ready Capital's revenue change in Q3 2026?
Noninterest income −$49.6M (-66%); Net interest income −$10.5M (-100%).