Filing Flows › Ready Capital (RC) › Q3 2026
Ready Capital (RC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Ready Capital (RC) reported revenue of $25.3M for the third quarter 2026 (Q3 2026), -70% from a year earlier. Operating margin was -256.6%, net loss $62.2M (245.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $25.3M | — | -70% |
| Operating profit | −$65.0M | — | — |
| Net earnings | −$62.2M | — | — |
| Operating cash flow | −$25.1M | — | — |
What changed
Revenue was $25.3M in Q3 2026, down 70% year over year. Noninterest income was the largest line at 100% of revenue. Noninterest income lost $49.6M year over year (down 66%), 82% of the total change.
Operating costs exceeded revenue by $65.0M, an operating margin of -256.6%. Total costs fell 19% while revenue fell 70%. The quarter ended with a net loss of $62.2M.
Operating cash flow was −$25.1M. Non-cash charges added back $1.6M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $33.8M.
Questions
What was Ready Capital's revenue in the third quarter 2026?
Ready Capital (RC) reported revenue of $25.3M for the third quarter 2026 (Q3 2026), -70% from a year earlier.
Was Ready Capital profitable in the third quarter 2026?
Operating loss was $65.0M (-256.6% of revenue) and net loss $62.2M.
Source: Ready Capital 10-Q on SEC EDGAR.