Ready Capital Corporation Common Stock (RC)

FairStock Score: 47/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable earnings and a margin of safety, and Ready Capital fails the first test today. In fiscal 2023, the year ended 2023-12-31, it earned $348.4 million, or $2.22 per diluted share. Then came fiscal 2024, the year ended 2024-12-31, with a loss of $430.4 million, or $2.63 per diluted share, and fiscal 2025, the year ended 2025-12-31, with a loss of $221.1 million, or $1.44 per diluted share. Losses continued in fiscal Q1 2026, the quarter ended 2026-03-31, at $200.1 million, or $1.25 per diluted share, and in fiscal Q2 2026, the quarter ended 2026-06-30, at $99.7 million, or $0.63 per diluted share. That is not a temporary blip; it is a credit cycle hitting a leveraged lender. At the close on 2026-10-13, the price was $1.12. FairStock calculates a P/B of 0.16, a negative P/E of -0.33, a ROE of -33.45%, and D/E of 3.51. A low P/B can be a bargain, but for a mortgage REIT, book value is only as good as the loans behind it. The Piotroski score is 5/9, middling, and FairStock's Lynch category is TURNAROUND—loss in the latest year after earlier profits—which fits. The FairStock score is 47/100, which does not scream quality. The 52-week range, $1.08 to $3.39, shows how far confidence has fallen. What I cannot see in this data is critical: CET1, net interest margin, or a combined ratio are not provided. Without credit marks, reserves, liquidity, and tangible book, I cannot tell whether the discount is opportunity or warning. I need evidence of stabilizing book value and credit losses before calling it a Graham-style bargain.

In plain English: Ready Capital is a real estate finance company that lends to small and mid-sized commercial properties and small businesses. It has lost money in recent years after being profitable before, and it carries a lot of debt, so the business looks weak right now. The stock price is very low compared with its accounting net worth, but that may reflect the losses and risk, so it looks cheap on paper without looking clearly safe.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer