---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-009228"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2025-03-03T23:59:59+00:00"
generated_at: "2026-05-25T17:35:01.296932+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ready Capital Q4 GAAP loss per share $(1.80); cuts dividend to $0.125

## Summary
- GAAP loss from continuing ops of $(1.80) per share; distributable loss of $(0.03) per share.
- Distributable earnings before realized losses $0.23 per share; ROE 7.1%.
- Quarterly dividend cut to $0.125 per common share (payable April 30, 2025).
- Subsequent events: new $150M stock repurchase program (Jan 16) and $220M private placement of 9.375% senior secured notes due 2028 (Feb 21).
- Total LMM and SBL originations $2.4B in FY2024 including $1.1B SBA 7(a) loans.

## SEC filing metadata
- accession: 0001628280-25-009228
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2025-03-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527590/000162828025009228/0001628280-25-009228-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000162828025009228/rc-20250303.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-009228
- JSON: https://secwatch.observer/filing/0001628280-25-009228.json
- Plain text: https://secwatch.observer/filing/0001628280-25-009228.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.