Ready Capital (0SZ) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 13, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

-0.17

Last Year’s EPS

-0.08

Same Quarter Last Year

Analyst Consensus

Moderate Sell

Based on 3 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 26, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call conveyed significant near‑term financial stress (GAAP loss, a 14% quarterly book value decline, sizable reserve builds, elevated nonaccruals and realized losses) driven by an active portfolio repositioning. Offsetting this were clear, actionable liquidity targets and measurable progress (approximately $380M generated to date, completed loan sales at prices in the high‑90s, a plan to generate >$850M total free cash, leadership realignment, and stabilization progress at the Ritz property). Management presented a detailed execution plan with concrete milestones (loan sales by end of Q2, targeted cost reductions, and SBA securitization in Q2). Given the material near‑term headwinds balanced against specific execution progress and a clear remediation plan, the overall tone is cautiously constructive but acknowledges significant challenges.

Company Guidance

Management guided to generate over $850 million of free cash while shrinking the legacy CRE book ~60% to about $2.0 billion, noting they have already produced roughly $380 million of free cash ($130M from bulk sales, $250M from runoff/resolutions) and expect an additional $500M by year‑end — $250M from runoff (driven by a 36% trailing 12‑month repayment rate) and $250M from roughly $1.5 billion of planned loan sales (substantially complete by end of Q2). They plan to resolve or sell about $1.4 billion of sub‑ and nonperforming loans/REO (currently a ~$0.08/quarter per‑share negative earnings drag and ~$13M of quarterly cash outflows), target a 25% reduction in operating costs, shift capital allocation to small‑business lending from 10% to 20%, and reduce leverage by 1.0x to 2.5x, while managing near‑term maturities of $67M in Q3 and $450M in Q4 (having retired a 5.75% senior note). Key quarter metrics cited: Q4 book value down 14% to $8.79/share (from $10.28), GAAP loss from continuing ops $1.46/share, distributable loss $0.43/share ($0.09 ex realized losses), nonaccruals 27%, valuation allowance/CECL reserves up ~$173M ($23M valuation allowance on ~$600M transferred loans, $150M CECL increase), roughly $200M of free cash on hand, ~35% of the liquidity target achieved, and progress on the Ritz asset (16% of equity) with a 27% condo sellout to date at ~$737/sq ft and hotel metrics ADR $492, RevPAR $210, occupancy +6.5% YoY.

Liquidity Progress and Clear Target

Generated approximately $380 million of free cash to date (comprised of $130 million from bulk portfolio sales and $250 million from portfolio runoff/asset resolutions). Management targets over $850 million of free cash and reports being ~35% toward that objective.

Planned Additional Free Cash and Execution Timeline

Anticipates an additional $500 million in free cash by year-end: $250 million expected from continued portfolio runoff (consistent with a 36% trailing twelve-month repayment rate) and $250 million from planned $1.5 billion of loan sales (focus on NPL and sub-yielding assets). Loan sales expected substantially complete by end of Q2.

Leadership and Organizational Realignment

Promoted Dominic Scally to Chief Credit Officer and Co‑President of ReadyCap Commercial; Gary Taylor transitioning to President of ReadyCap Lending to focus on SBA — actions intended to support the balance-sheet repositioning and capitalize on capital‑light business lines.

Leverage and Cost Reduction Targets

Plan to reduce leverage by 1.0x to a target of 2.5x and target a 25% reduction in operating costs to align the CRE origination business to a lower-cost structure and increase capital allocation to small business lending from 10% to 20%.

SBA Business Focus and Near-Term Funding

Remains a top-five SBA lender; SBA originations were impacted by the government shutdown but management plans to come to market with a fourth SBA securitization in Q2 and increase emphasis on this higher-ROE, capital-light business line.

Successful Loan Sales Execution

Completed large loan sales in February (reported $855 million) with pricing in the high‑90s relative to par; earlier bulk sales contributed $130 million of free cash.

Ritz Property Stabilization Progress

Ritz asset represents 16% of year‑end equity; condominium sales launched (phase one: 16 units in contract + 9 reservations = 27% of 131 units), average price to date $737/sq ft. Hotel metrics improved year‑over‑year: occupancy +6.5%, ADR +5% to $492, RevPAR $210; office/retail showing increased tenant interest.

Ability to Address Near‑Term Maturities

Management reports current free cash (~$200 million) plus ongoing liquidity generation provides substantial cushion to address upcoming maturities ($67 million in Q3 and $450 million in Q4), and the firm successfully retired its 5.75% February senior unsecured note at maturity.

Ready Capital (DE:0SZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:0SZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 13, 2026	2026 (Q1)	-0.17 / -	-0.076	―	―	―
Feb 26, 2026	2025 (Q4)	-0.12 / -0.36	-0.025	-1333.33% (-0.34)
Nov 06, 2025	2025 (Q3)	-0.20 / -0.80	-0.237	-235.71% (-0.56)
Aug 07, 2025	2025 (Q2)	-0.05 / -0.12	0.059	-300.00% (-0.18)
May 08, 2025	2025 (Q1)	0.10 / -0.08	0.246	-131.03% (-0.32)
Mar 03, 2025	2024 (Q4)	0.16 / -0.03	0.221	-111.54% (-0.25)
Nov 07, 2024	2024 (Q3)	0.21 / -0.24	0.237	-200.00% (-0.47)
Aug 07, 2024	2024 (Q2)	0.22 / 0.06	0.297	-80.00% (-0.24)
May 08, 2024	2024 (Q1)	0.24 / 0.25	0.254	-3.33% (>-0.01)
Feb 27, 2024	2023 (Q4)	0.26 / 0.22	0.356	-38.10% (-0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:0SZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 26, 2026	€1.37	€1.35	-1.46%
Nov 06, 2025	€2.59	€2.55	-1.55%
Aug 07, 2025	€3.46	€3.44	-0.58%
May 08, 2025	€3.64	€3.62	-0.52%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ready Capital Corporation (DE:0SZ) report earnings?

Ready Capital Corporation (DE:0SZ) is schdueled to report earning on May 13, 2026, After Close (Confirmed).

What is Ready Capital Corporation (DE:0SZ) earnings time?

Ready Capital Corporation (DE:0SZ) earnings time is at May 13, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Ready Capital Corporation stock?

The P/E ratio of Ready Capital is N/A.

What is DE:0SZ EPS forecast?

DE:0SZ EPS forecast for the fiscal quarter 2026 (Q1) is -0.17.