{ "schemaVersion": "deck-intelligence.v1", "id": "019de515-d28a-7590-8c60-0aff3f893be5", "slug": "15771e120c24081b47b4a20a9812315f", "title": "Ready Capital | Results Presentation Deck | 20 slides", "subtitle": "Ready Capital · 2023-05", "author": "Ready Capital", "date": "2023-05-01 00:00:00", "pageCount": 20, "kind": "conference-presentation", "orientation": "landscape", "aspectRatio": 1.2938006, "document": { "id": "019de515-d28a-7590-8c60-0aff3f893be5", "slug": "15771e120c24081b47b4a20a9812315f", "title": "Ready Capital | Results Presentation Deck | 20 slides", "rawTitle": "Ready Capital | Results Presentation Deck | 20 slides", "authorId": "ready-capital", "authorName": "Ready Capital", "authorDisplay": "Ready Capital", "kind": { "slug": "conference-presentation", "label": "Conference presentation" }, "sourceType": { "slug": "investor_relations", "label": "Investor relations" }, "fileName": "2023-05__ready-capital__results__15771e12.pdf", "sourceUrl": "https://www.slidebook.io/company/ready-capital/presentation/15771e120c24081b47b4a20a9812315f/", "sourceDate": "2023-03-31 00:00:00", "presentationDate": "2023-05-01 00:00:00", "ingestedAt": "2026-05-01 19:48:25.954734+00", "status": "ready", "pageCount": 20, "orientation": "landscape", "aspectRatio": 1.2938006, "targetCompany": null, "targetTicker": null, "metadata": { "corpus": "slidebook", "industry": "reit-mortgage", "local_root": "/Users/miguelsuredasuau/Desktop/lalalalla/_scrape/slidebook/decks/2023-05__ready-capital__results__15771e12", "image_width": 1920, "image_format": "jpg", "deck_type_raw": "Results Presentation Deck", "deck_type_slug": null, "source_url_pattern": "https://www.slidebook.io/company/{company_slug}/presentation/{deck_id}/" } }, "coverage": { "pageCount": 20, "pagesIndexed": 20, "pagesWithImages": 20, "pagesWithMetadata": 20, "imageCoveragePct": 100, "metadataCoveragePct": 100, "componentCount": 93, "chartCount": 19, "metricSlides": 0, "toolMatches": 12, "documentToolMatches": 0, "frameworkMatches": 0, "arcMatches": 1, "beatMatches": 4, "loopMatches": 2, "patternMatches": 0, "storymakersMatch": false, "scoreAvailable": false, "reviewAvailable": false, "activistThesisAvailable": false, "pitchdeckMetadataAvailable": false, "pitchdeckProfileAvailable": false }, "blocks": [], "matches": { "arcs": [ { "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "evidence": "The deck's structure and content, particularly slides 3-15, resemble a Sequoia Pitch, with a focus on problem, solution, market, and financials.", "isPrimary": true, "confidence": 0.7, "extraction": { "at": "2026-07-16 23:08:17.264595+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "beats": [ { "to": 4, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "from": 3, "name": "Problem", "beatId": "f1c26a02-2bef-4de1-aef9-3497f0e21a8f", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Problem", "slug": "sequoia-pitch-problem", "status": "active", "canonId": "019dd9b8-1ed4-767b-8e05-40e733bd2311", "version": 1, "description": null }, "evidence": "Slides 3-4 introduce the company's current situation and performance", "position": 0, "isPrimaryArc": true, "parentBeatType": { "name": "Complication", "slug": "complication", "status": "active", "canonId": "019dd9b8-0275-7709-b2d6-4f77c3fc7579", "version": 1, "description": "The point in the narrative where the audience should feel discomfort. Required for argumentative arcs." }, "alignedBlockIds": null, "matchConfidence": 0.7 }, { "to": 15, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "from": 5, "name": "Financials", "beatId": "251d7290-47a0-4006-b18b-0b6ee33fc5f7", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Financials", "slug": "sequoia-pitch-financials", "status": "active", "canonId": "019dd9b8-245d-74ce-8a5e-8094ec926a75", "version": 1, "description": null }, "evidence": "Slides 5-15 provide detailed financial information and metrics", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.7 }, { "to": 17, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "from": 16, "name": "Solution", "beatId": "ba1cbe8f-602f-49e8-8505-cdef83433194", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Solution", "slug": "sequoia-pitch-solution", "status": "active", "canonId": "019dd9b8-1fb1-71d9-a260-07738d7f9c2f", "version": 1, "description": null }, "evidence": "Slides 16-17 offer additional financial information and a financial snapshot", "position": 2, "isPrimaryArc": true, "parentBeatType": { "name": "Turn", "slug": "turn", "status": "active", "canonId": "019dd9b8-0396-702b-ac2f-9901f8dd8b54", "version": 1, "description": "The pivot — solution proposed, catalyst introduced, decision made. Common (15/20 arcs) but not universal: Triple-take, AIDA, PAS, Voyage-return and Pixar substitute it with a strong reflection or development beat." }, "alignedBlockIds": null, "matchConfidence": 0.7 }, { "to": 19, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null, "categoryName": "Strategy & Business", "categorySlug": "strategy-business" }, "from": 18, "name": "Not explicitly mentioned but implied", "beatId": "5f144576-289d-4e80-922b-37d2c4896634", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Team", "slug": "sequoia-pitch-team", "status": "active", "canonId": "019dd9b8-23c9-746f-aaf9-2f5d83892cf3", "version": 1, "description": null }, "evidence": "Slides 18-19 provide a revenue buildup and distributable earnings reconciliation", "position": 3, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [ { "to": 9, "from": 5, "loop": { "name": "27_cost_of_inaction", "slug": "27-cost-of-inaction", "status": "active", "bestFor": "Urgent budget requests, compliance, risk mitigation", "canonId": "019dd956-70d1-7395-a15b-857ba858b394", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "description": "Quantify what happens if the audience does nothing", "familyLabel": null, "categoryName": "Urgency", "categorySlug": "urgency" }, "matchId": "5a32d057-b80a-42e1-896e-53505602b471", "evidence": "Slides 5-9 showcase the company's diversified platforms and their benefits", "position": 0, "objective": "Highlighting the benefits of Ready Capital's diversified platforms", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:17.474337+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } }, { "to": 13, "from": 10, "loop": { "name": "41_so_what_cascade", "slug": "41-so-what-cascade", "status": "active", "bestFor": "Data presentations, executive summaries, driving to recommendations", "canonId": "019dd956-769f-7208-afbc-f28985c6f4fb", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Data -> So What? (Insight 1) -> So What? (Insight 2) -> So What? (The Action)", "description": "Chain insights together, each answering 'so what?' until you reach the actionable conclusion", "familyLabel": null, "categoryName": "Consulting Framework", "categorySlug": "consulting-framework" }, "matchId": "d71d8d25-0577-4116-8f4f-32fe994d370e", "evidence": "Slides 10-13 provide insights into the loan portfolio composition and its effects", "position": 1, "objective": "Illustrating the impact of loan portfolio composition on financial performance", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:17.515308+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "tools": [ { "tool": { "name": "List presentation", "slug": "list-presentation", "status": "active", "bestFor": null, "canonId": "019dd9e1-4ef7-777d-ba68-9074c2b3bcf1", "version": 1, "bodyDocId": null, "description": "Bulleted, numbered, or checklist enumerations.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "fbd79ad7-5037-4e4a-98b7-1bcd40a485f2", "evidence": "The slide presents key performance indicators (KPIs) and financial data in a list format.", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:34.843012+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 3, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null }, { "tool": { "name": "List presentation", "slug": "list-presentation", "status": "active", "bestFor": null, "canonId": "019dd9e1-4ef7-777d-ba68-9074c2b3bcf1", "version": 1, "bodyDocId": null, "description": "Bulleted, numbered, or checklist enumerations.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "924cafab-31f4-4af6-b420-f75903746b56", "evidence": "The slide presents additional KPIs and financial data in a list format.", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:34.929481+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 4, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null }, { "tool": { "name": "Table data", "slug": "table-data", "status": "active", "bestFor": null, "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d", "version": 1, "bodyDocId": null, "description": "Tabular layouts of structured data.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "b58484ff-6850-446d-94f1-d7a32f6dc856", "evidence": "The slide presents a table with data for Return on Equity.", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:35.01634+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 5, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null }, { "tool": { "name": "Waterfall chart", "slug": "waterfall-chart", "status": "active", "bestFor": null, "canonId": "e2799da3-725f-44a9-a093-570f1f388e64", "version": 1, "bodyDocId": null, "description": null, "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "a58ad017-d0e4-4615-bf2d-394b89973017", "evidence": "chart/bar-stacked-100pct: QUARTERLY INVESTMENT ACTIVITY1 Q1'22: Bridge $1,287.8, Fixed Rate/CMBS $60.9, Construction $197.4, Freddie Mac $658.1, Acquired $100.8, SBA $0.0. Total $2,305.0. Q2'22: Bridge $955.2, Fixed Rate", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:58.047903+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 7, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null }, { "tool": { "name": "2x2 matrix", "slug": "matrix-2x2", "status": "active", "bestFor": null, "canonId": "019dd9e1-50ab-72d1-8afb-3ab0a38e32a8", "version": 1, "bodyDocId": null, "description": "BCG matrix, importance/urgency, any axes-and-quadrants frame.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "ee20ff26-39a4-44b4-b950-f4bf630fdef1", "evidence": "table/data: PRODUCT TYPE, LOAN COUNT(1), UPB, BOOK VALUE(7), WA LTV, WA COUPON, FIXED/FLOAT (2), 60+ Days Past Due, FIXED RATE(5), BRIDGE, CONSTRUCTION (POST MOSAIC), MOSAIC ACQUIRED ASSETS, OTHER(6), ORIGINATED, ACQUIRE", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.5, "extraction": { "at": "2026-07-17 01:45:58.120213+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 8, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null }, { "tool": { "name": "Waterfall chart", "slug": "waterfall-chart", "status": "active", "bestFor": null, "canonId": "e2799da3-725f-44a9-a093-570f1f388e64", "version": 1, "bodyDocId": null, "description": null, "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "745dadaa-d1eb-4204-8012-2e04daae72ae", "evidence": "chart/bar-stacked: GROSS LEVERED YIELD 100% 80% 60% 40% 25.7% 27.6% 24.2% 22.5% 20.8% 20% 17.6% 15.2% 15.0% 19.6% 19.5% 0% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Gross levered yield (ex. gains) 1 Gains on loans, held fo", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:58.190273+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 9, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null }, { "tool": { "name": "Chartjunk Elimination", "slug": "chartjunk-elimination", "status": "active", "bestFor": null, "canonId": "019dd956-b49e-7453-ab01-b60f338eeda1", "version": 1, "bodyDocId": null, "description": "Remove decorative elements that don't convey data: 3D effects, shadows, unnecessary gridlines", "familyLabel": null, "categoryName": "Slide", "categorySlug": "slide" }, "agent": "Designer", "layer": "slide", "agents": [ "Designer" ], "matchId": "2912e445-2a7c-4ac9-b59d-466fe2e1c6db", "evidence": "chart/bar-vertical: MSR PORTFOLIO UPDATE ($ in billions) Q1'22: UPB $11.4, WAC 3.3% Q2'22: UPB $11.7, WAC 3.4% Q3'22: UPB $12.0, WAC 3.5% Q4'22: UPB $12.1, WAC 3.6% Q1'23: UPB $12.2, WAC 3.6%", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:58.297235+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 11, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null }, { "tool": { "name": "Chart Selection Guide", "slug": "chart-selection-guide", "status": "active", "bestFor": null, "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae", "version": 1, "bodyDocId": null, "description": "Choosing the right chart type for your data and message", "familyLabel": null, "categoryName": "Slide", "categorySlug": "slide" }, "agent": "Designer", "layer": "slide", "agents": [ "Designer" ], "matchId": "771bbb0f-9a9d-487d-9cef-dbcc8d7a8d24", "evidence": "chart/bar-vertical: AVERAGE RISK RATING 1.85 1.75 1.70 1.70 1.67 1.68 1.66 1.63 1.65 1.55 1.52 1.47 1.48 1.45 1.35 1.25 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 SBC SBA", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.5, "extraction": { "at": "2026-07-17 01:45:58.368866+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 12, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null }, { "tool": { "name": "Data-Ink Ratio", "slug": "data-ink-ratio", "status": "active", "bestFor": null, "canonId": "019dd956-afc8-70da-b378-92834d36fde6", "version": 1, "bodyDocId": null, "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration", "familyLabel": null, "categoryName": "Slide", "categorySlug": "slide" }, "agent": "Designer", "layer": "slide", "agents": [ "Designer" ], "matchId": "6fd49396-5a22-4934-8112-a3dda4dc0f60", "evidence": "chart/donut: UNENCUMBERED ASSET POOL 15% 10% 8% 8% $1.1B Total Unencumbered Assets 31% 28% Unrestricted cash, Servicing rights, Securities, REO, Loans, Other Assets", "pageRefs": null, "priority": "Core", "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:58.439556+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 13, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null }, { "tool": { "name": "Executive summary", "slug": "executive-summary", "status": "active", "bestFor": null, "canonId": "019dd9e1-4b63-72d5-9734-da757d91ca61", "version": 1, "bodyDocId": null, "description": "A condensed view of the entire argument on a single slide / block.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "b8349aac-389d-4a9a-8478-b2c9e23f6dbe", "evidence": "table/data: Q1 2023 Earnings Data Metrics, Net income | Distributable earnings, 36,978 | $38,149, Earnings per share - Basic and diluted, $0.30 | $0.29, Distributable Earnings per share - Basic and diluted, $0.31 | $0.30", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:58.548098+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 15, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null }, { "tool": { "name": "Table data", "slug": "table-data", "status": "active", "bestFor": null, "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d", "version": 1, "bodyDocId": null, "description": "Tabular layouts of structured data.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "b4aaea60-3fcb-46a3-beae-2f93b1c4440f", "evidence": "table/data: Assets Cash and cash equivalents Restricted cash Loans, net Loans, held for sale, at fair value Payment protection program loans, net Mortgage backed securities, at fair value Loans eligible for repurchase fr", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:58.657238+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 17, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null }, { "tool": { "name": "Table data", "slug": "table-data", "status": "active", "bestFor": null, "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d", "version": 1, "bodyDocId": null, "description": "Tabular layouts of structured data.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "a4eeaff8-a8a6-4e38-8b38-f03d717da36c", "evidence": "The slide contains a table with data: Net Income, Reconciling items, etc.", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:41.388602+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 19, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null } ], "frameworks": [], "patterns": [] }, "storymakers": null, "score": null, "review": null, "activistThesis": null, "pitchdeck": { "metadata": null, "profile": null }, "slides": [ { "page": 1, "type": "setup", "function": "front_matter", "imagePath": "https://imgproxy.kitesheet.com/OjD9nkRe2FOO_j4lihehBQ8DCLUWhMjkK8d2MQ06r4E/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8xNTc3MWUxMjBjMjQwODFiNDdiNGEyMGE5ODEyMzE1Zi9wMDAxLmpwZw", "rawType": "cover", "block": null, "metadata": { "slideType": "cover", "slideTypeCanon": { "name": "Cover", "slug": "cover", "status": "active", "canonId": "019de52d-05f2-729d-9f93-e0504f0a2410", "version": 1, "description": null }, "function": "front_matter", "functionCanon": { "name": "Front matter", "slug": "front_matter", "status": "active", "canonId": "019de52d-133d-73f0-9e26-201eda96b098", "version": 1, "description": null }, "density": "sparse", "densityScore": 21, "componentCount": 4, "textChars": 62, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:13.78+00", "seconds": 3.276, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/1", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-1", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.096, "w": 0.292, "x": 0.203, "y": 0.43 }, "kind": "image", "text": "READY CAPITAL®", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:13.78+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5ec45575-042d-46bb-a413-43d43d43f5c3", "parentComponentId": null }, { "bbox": { "h": 0.09, "w": 0.09, "x": 0.092, "y": 0.833 }, "kind": "image", "text": "RC LISTED NYSE", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:13.78+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "99eb3f37-d2e1-4e1e-9b43-0493f4ce1471", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.076, "x": 0.208, "y": 0.65 }, "kind": "paragraph", "text": "Q1 2023", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:13.78+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6d39c43b-dc47-4b5c-9afb-8a404d011c5e", "parentComponentId": null }, { "bbox": { "h": 0.028, "w": 0.401, "x": 0.208, "y": 0.604 }, "kind": "title", "text": "SUPPLEMENTAL FINANCIAL DATA", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:13.78+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "addf738a-cc9a-4bc5-9273-1c78fb2f28f1", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "thumbSrc": "https://imgproxy.kitesheet.com/hvPEN7yW7VF8nqymUOE0RGFY8HZKUwUqlsJMmoBuLiU/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8xNTc3MWUxMjBjMjQwODFiNDdiNGEyMGE5ODEyMzE1Zi9wMDAxLmpwZw", "imagePathAlt": "https://imgproxy.kitesheet.com/6iuB6y84JEFU2vGPY7s3AS6kxP7crBEsPFsYysUrmic/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8xNTc3MWUxMjBjMjQwODFiNDdiNGEyMGE5ODEyMzE1Zi9wMDAxLnBuZw", "thumbSrcAlt": "https://imgproxy.kitesheet.com/aYOF-LXqhsFkG09DRQWdHnkupRzkRhTydlkhRp2g8hs/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8xNTc3MWUxMjBjMjQwODFiNDdiNGEyMGE5ODEyMzE1Zi9wMDAxLnBuZw" }, { "page": 2, "type": "setup", "function": "front_matter", "rawType": "disclaimer", "block": null, "metadata": { "slideType": "disclaimer", "slideTypeCanon": { "name": "Disclaimer", "slug": "disclaimer", "status": "active", "canonId": "019de52d-0801-727b-b98a-5ed095aeee78", "version": 1, "description": null }, "function": "front_matter", "functionCanon": { "name": "Front matter", "slug": "front_matter", "status": "active", "canonId": "019de52d-133d-73f0-9e26-201eda96b098", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 84, "componentCount": 7, "textChars": 1937, "nDataPoints": 1, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:17.125+00", "seconds": 6.209, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/2", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-2", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.04, "w": 0.197, "x": 0.758, "y": 0.06 }, "kind": "image", "text": "READY CAPITAL.", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:17.125+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f95a6980-70f0-499a-8b38-215d52c3e323", "parentComponentId": null }, { "bbox": { "h": 0.19, "w": 0.819, "x": 0.094, "y": 0.239 }, "kind": "paragraph", "text": "This presentation contains statements that constitute \"forward-looking statements,\" as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements; Ready Capital Corporation (the \"Company\") can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from the Company's expectations include those set forth in the Risk Factors section of the most recent Annual Report on Form 10-K filed with the SEC and other reports filed by the Company with the SEC, copies of which are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:17.125+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "123f9a57-6522-41e1-9b68-c83411717c44", "parentComponentId": null }, { "bbox": { "h": 0.038, "w": 0.819, "x": 0.094, "y": 0.45 }, "kind": "paragraph", "text": "This presentation also contains market statistics and industry data which are subject to uncertainty and are not necessarily reflective of market conditions. These have been derived from third party sources and have not been independently verified by the Company or its affiliates.", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:17.125+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3dde6e0c-a3d1-43fa-9c16-db8fc242e2cf", "parentComponentId": null }, { "bbox": { "h": 0.05, "w": 0.819, "x": 0.094, "y": 0.396 }, "kind": "paragraph", "text": "This presentation includes certain non-GAAP financial measures, including Distributable earnings. These non-GAAP financial measures should be considered only as supplemental to, and not as superior to, financial measures in accordance with GAAP. Please refer to the Appendix for the most recent GAAP information.", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:17.125+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fd6dad88-a337-4eda-8a71-3aca44a5e723", "parentComponentId": null }, { "bbox": { "h": 0.038, "w": 0.819, "x": 0.094, "y": 0.504 }, "kind": "paragraph", "text": "All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. All data is as of March 31, 2023, unless otherwise noted.", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:17.125+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fefa01e6-ccad-4511-8ad5-82db265871ae", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.008, "x": 0.953, "y": 0.96 }, "kind": "source-note", "text": "2", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:17.125+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "11792209-ee11-42cd-8865-2052c1bd66e2", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.17, "x": 0.047, "y": 0.07 }, "kind": "title", "text": "Disclaimer", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:17.125+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "81ba41ef-c276-4e07-a679-369faf376041", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true }, { "page": 3, "type": "setup", "function": "summarize", "rawType": "kpi_overview", "block": null, "metadata": { "slideType": "kpi_overview", "slideTypeCanon": { "name": "KPI overview (contrarian)", "slug": "kpi_overview", "status": "active", "canonId": "019de52d-11d5-7328-b1d1-5368a03e7796", "version": 1, "description": null }, "function": "summarize", "functionCanon": { "name": "Summarize", "slug": "summarize", "status": "active", "canonId": "019de52d-1541-704f-b86f-bf7b75056373", "version": 1, "description": null }, "density": "dense", "densityScore": 72, "componentCount": 5, "textChars": 1374, "nDataPoints": 10, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:15.79+00", "seconds": 4.396, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/3", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-3", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.11, "w": 0.775, "x": 0.102, "y": 0.53 }, "kind": "list", "text": "Loan Originations⁶ / Acquisitions\nCRE originations and acquisitions of $410.5 million\nSBA loan originations of $92.3 million\nResidential mortgage loan originations of $326.0 million", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:15.79+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "13fe8555-ed64-48db-be13-2387d7896a56", "parentComponentId": null }, { "bbox": { "h": 0.11, "w": 0.775, "x": 0.102, "y": 0.39 }, "kind": "list", "text": "Returns\nReturn on Equity³ of 8.2%\nDistributable Return on Equity⁴ of 8.5%\nDividend Yield⁵ of 15.7%", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:15.79+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "26594cb3-95ba-42e1-bbc8-560e6a2dd2ee", "parentComponentId": null }, { "bbox": { "h": 0.11, "w": 0.775, "x": 0.102, "y": 0.25 }, "kind": "list", "text": "Earnings / Dividends\nNet income of $37.0 million¹, or $0.30 per common share\nDistributable earnings of $38.1 million², or $0.31 per common share\nDeclared dividend of $0.40 per common share", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:15.79+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6c46f8ec-f12b-413d-96c0-927e1cbfc5d3", "parentComponentId": null }, { "bbox": { "h": 0.13, "w": 0.775, "x": 0.102, "y": 0.83 }, "kind": "source-note", "text": "1. Before dividends on preferred securities and inclusive of non-controlling interest\n2. Before dividends on preferred securities and inclusive of non-controlling interest. Refer to the \"Distributable Earnings Reconciliation by Quarter\" slide for a reconciliation of GAAP Net Income to Distributable Earnings\n3. Return on equity is an annualized percentage equal to quarterly net income over the average monthly total stockholders' equity for the period\n4. Distributable return on equity is an annualized percentage equal to distributable earnings over the average monthly total stockholders' equity for the period. Refer to the \"Distributable Earnings Reconciliation by Quarter\" slide for a reconciliation of GAAP Net Income to Distributable Earnings\n5. Q1 dividend yield for the period is based on the 3/31/2023 closing share price of $10.17\n6. Represents fully committed amounts", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:15.79+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ecd40b0d-9c07-484b-b836-9d9bef3445cf", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.359, "x": 0.048, "y": 0.075 }, "kind": "title", "text": "First Quarter 2023 Results", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:15.79+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "4cdb4d61-7d81-4bb4-90fb-8a05c556738b", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "List presentation", "slug": "list-presentation", "status": "active", "bestFor": null, "canonId": "019dd9e1-4ef7-777d-ba68-9074c2b3bcf1", "version": 1, "bodyDocId": null, "description": "Bulleted, numbered, or checklist enumerations.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "fbd79ad7-5037-4e4a-98b7-1bcd40a485f2", "evidence": "The slide presents key performance indicators (KPIs) and financial data in a list format.", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:34.843012+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 3, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 4, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 3, "name": "Problem", "beatId": "f1c26a02-2bef-4de1-aef9-3497f0e21a8f", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Problem", "slug": "sequoia-pitch-problem", "status": "active", "canonId": "019dd9b8-1ed4-767b-8e05-40e733bd2311", "version": 1, "description": null }, "evidence": "Slides 3-4 introduce the company's current situation and performance", "position": 0, "isPrimaryArc": true, "parentBeatType": { "name": "Complication", "slug": "complication", "status": "active", "canonId": "019dd9b8-0275-7709-b2d6-4f77c3fc7579", "version": 1, "description": "The point in the narrative where the audience should feel discomfort. Required for argumentative arcs." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [], "locked": true }, { "page": 4, "type": "setup", "function": "summarize", "rawType": "kpi_overview", "block": null, "metadata": { "slideType": "kpi_overview", "slideTypeCanon": { "name": "KPI overview (contrarian)", "slug": "kpi_overview", "status": "active", "canonId": "019de52d-11d5-7328-b1d1-5368a03e7796", "version": 1, "description": null }, "function": "summarize", "functionCanon": { "name": "Summarize", "slug": "summarize", "status": "active", "canonId": "019de52d-1541-704f-b86f-bf7b75056373", "version": 1, "description": null }, "density": "dense", "densityScore": 59, "componentCount": 5, "textChars": 422, "nDataPoints": 7, "notes": null, "elementsJson": null, "confidence": 0.9, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:15.898+00", "seconds": 3.783, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/4", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-4", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.019, "w": 0.47, "x": 0.315, "y": 0.65 }, "kind": "list", "text": "Net book value per share of $15.07 per common share", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:15.898+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "574caca8-9108-4626-a925-92ecb3c5e7da", "parentComponentId": null }, { "bbox": { "h": 0.07, "w": 0.574, "x": 0.315, "y": 0.387 }, "kind": "list", "text": "Completed the securitization of $586.0 million of floating rate SBC loans and sold $483.5 million of senior bonds with a weighted average cost of debt of SOFR + 2.9%.", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:15.898+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "695aa6cc-1736-4693-bded-3fe0bb101280", "parentComponentId": null }, { "bbox": { "h": 0.019, "w": 0.47, "x": 0.315, "y": 0.685 }, "kind": "list", "text": "Total leverage of 5.1x and recourse leverage ratio of 1.4x1", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:15.898+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c0ffe1cc-11eb-4a6c-accd-0d93eb101000", "parentComponentId": null }, { "bbox": { "h": 0.013, "w": 0.487, "x": 0.106, "y": 0.909 }, "kind": "source-note", "text": "1. Recourse leverage ratio excludes $1.1 billion of secured borrowings that are non-recourse to the Company.", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:15.898+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f6215069-b8d5-4129-9f10-a9156a29a6e6", "parentComponentId": null }, { "bbox": { "h": 0.039, "w": 0.516, "x": 0.044, "y": 0.073 }, "kind": "title", "text": "First Quarter 2023 Results (continued)", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:15.898+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b31ebef5-f497-409b-8ca0-91d501892133", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "List presentation", "slug": "list-presentation", "status": "active", "bestFor": null, "canonId": "019dd9e1-4ef7-777d-ba68-9074c2b3bcf1", "version": 1, "bodyDocId": null, "description": "Bulleted, numbered, or checklist enumerations.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "924cafab-31f4-4af6-b420-f75903746b56", "evidence": "The slide presents additional KPIs and financial data in a list format.", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:34.929481+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 4, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 4, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 3, "name": "Problem", "beatId": "f1c26a02-2bef-4de1-aef9-3497f0e21a8f", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Problem", "slug": "sequoia-pitch-problem", "status": "active", "canonId": "019dd9b8-1ed4-767b-8e05-40e733bd2311", "version": 1, "description": null }, "evidence": "Slides 3-4 introduce the company's current situation and performance", "position": 0, "isPrimaryArc": true, "parentBeatType": { "name": "Complication", "slug": "complication", "status": "active", "canonId": "019dd9b8-0275-7709-b2d6-4f77c3fc7579", "version": 1, "description": "The point in the narrative where the audience should feel discomfort. Required for argumentative arcs." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [], "locked": true }, { "page": 5, "type": "analysis", "function": "analyze_data", "rawType": "kpi_overview", "block": null, "metadata": { "slideType": "kpi_overview", "slideTypeCanon": { "name": "KPI overview (contrarian)", "slug": "kpi_overview", "status": "active", "canonId": "019de52d-11d5-7328-b1d1-5368a03e7796", "version": 1, "description": null }, "function": "analyze_data", "functionCanon": { "name": "Analyze data", "slug": "analyze_data", "status": "active", "canonId": "019de52d-1590-7413-8c82-cc218cff40b4", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 75, "componentCount": 5, "textChars": 1793, "nDataPoints": 56, "notes": null, "elementsJson": null, "confidence": 0.9, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:18.476+00", "seconds": 5.871, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/5", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-5", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.07, "w": 0.399, "x": 0.515, "y": 0.862 }, "kind": "source-note", "text": "line divided by the business line's average monthly equity. 4. Includes Employee Retention Credit processing fee income. 5. Non-recurring gains, losses and expenses before applicable tax expenses. 6. Realized & unrealized gains, net, decreased due to unrealized losses on MSRs in the current period.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:18.476+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "4cbc7a96-fc4f-470d-b878-e946d27838af", "parentComponentId": null }, { "bbox": { "h": 0.09, "w": 0.46, "x": 0.09, "y": 0.862 }, "kind": "source-note", "text": "1. Levered yield includes interest income, accretion of discount, MSR creation, income from unconsolidated joint ventures, realized gains (losses) on loans held for sale, unrealized gains (losses) on loans held for sale and servicing income net of interest expense and amortization of deferred financing costs on an annualized basis. 2. GAAP ROE is based on GAAP Net Income, while Distributable ROE is based on Distributable Earnings, which adjusts GAAP Net Income for certain items detailed on the \"Distributable Earnings Reconciliation\" slide. 3. ROE based on net income before tax of the Residential Mortgage Banking business", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:18.476+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8aa7f9c0-8fc5-4b8e-9d73-824dac022263", "parentComponentId": null }, { "bbox": { "h": 0.679, "w": 0.319, "x": 0.599, "y": 0.159 }, "kind": "table", "text": "GAAP ROE (2) Distributable ROE (2) Q1'23 Q4'22 Q1'23 Q4'22 12.1% 12.3% 13.0 % 12.7% Corporate leverage, net of non-earning assets 2.7 2.9 3.3 3.3 Gross return on equity 14.8% 15.2% 16.3% 16.0% Realized & unrealized gains, net (0.3) (6) 2.8 (0.3) 2.8 Loan loss provision 1.6 (7.8) (0.1) (0.7) PPP revenue, net of direct expenses (4) 2.4 1.2 2.4 1.2 Non-recurring gains, losses and expenses (5) (0.4) (1.2) - - Operating expenses (7.7) (6.0) (7.3) (5.7) Investment advisory fees (1.6) (1.7) (1.6) (1.7) Provision for income taxes (0.1) 0.7 (0.4) - Dividends on preferred stock (0.5) (0.5) (0.5) (0.5) Return on equity 8.2% 2.7% 8.5% 11.4%", "attrs": {}, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:18.476+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "551788bf-c4d6-4807-baac-4b06b25b4c30", "parentComponentId": null }, { "bbox": { "h": 0.186, "w": 0.55, "x": 0.049, "y": 0.17 }, "kind": "table", "text": "Segment Levered Yield (1) Distributable Levered Yield (1) Equity Allocation SBC Lending and Acquisitions 11.4% 11.5% 89.4% Small Business Lending 40.3% 40.3% 5.2% Residential Mortgage Banking (3) (5.6) % 11.2% 5.4%", "attrs": {}, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:18.476+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "594118fe-afe6-493d-9d44-67effe6cdde7", "parentComponentId": null }, { "bbox": { "h": 0.027, "w": 0.229, "x": 0.047, "y": 0.075 }, "kind": "title", "text": "Return on Equity", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:18.476+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "7d980599-746d-43f1-80dc-071674deb4c6", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Table data", "slug": "table-data", "status": "active", "bestFor": null, "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d", "version": 1, "bodyDocId": null, "description": "Tabular layouts of structured data.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "b58484ff-6850-446d-94f1-d7a32f6dc856", "evidence": "The slide presents a table with data for Return on Equity.", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:35.01634+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 5, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 15, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Financials", "beatId": "251d7290-47a0-4006-b18b-0b6ee33fc5f7", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Financials", "slug": "sequoia-pitch-financials", "status": "active", "canonId": "019dd9b8-245d-74ce-8a5e-8094ec926a75", "version": 1, "description": null }, "evidence": "Slides 5-15 provide detailed financial information and metrics", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [ { "to": 9, "from": 5, "loop": { "name": "27_cost_of_inaction", "slug": "27-cost-of-inaction", "status": "active", "bestFor": "Urgent budget requests, compliance, risk mitigation", "canonId": "019dd956-70d1-7395-a15b-857ba858b394", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "description": "Quantify what happens if the audience does nothing", "familyLabel": null }, "matchId": "5a32d057-b80a-42e1-896e-53505602b471", "evidence": "Slides 5-9 showcase the company's diversified platforms and their benefits", "position": 0, "objective": "Highlighting the benefits of Ready Capital's diversified platforms", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:17.474337+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 6, "type": "setup", "function": "decompose_segments", "rawType": "kpi_overview", "block": null, "metadata": { "slideType": "kpi_overview", "slideTypeCanon": { "name": "KPI overview (contrarian)", "slug": "kpi_overview", "status": "active", "canonId": "019de52d-11d5-7328-b1d1-5368a03e7796", "version": 1, "description": null }, "function": "decompose_segments", "functionCanon": { "name": "Decompose segments", "slug": "decompose_segments", "status": "active", "canonId": "019de52d-14f1-74f8-be75-beb0be1135ec", "version": 1, "description": null }, "density": "dense", "densityScore": 72, "componentCount": 5, "textChars": 1153, "nDataPoints": 15, "notes": null, "elementsJson": null, "confidence": 0.9, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:17.927+00", "seconds": 5.217, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/6", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-6", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.61, "w": 0.44, "x": 0.515, "y": 0.229 }, "kind": "chart", "text": "REVENUE BREAKDOWN2 ($ in thousands) Bridge $51,372, Fixed rate/CMBS $934, Construction $10,125, Freddie Mac $4,552, Other 3 $2,088, Small Business Lending $18,509, Residential Mortgage Banking $13,123", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:17.927+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d5b37ea3-62b3-4888-935a-95283bb6d3a8", "parentComponentId": null }, { "bbox": { "h": 0.377, "w": 0.44, "x": 0.047, "y": 0.229 }, "kind": "chart", "text": "PORTFOLIO BREAKDOWN1 68% Bridge, 10% Fixed rate/CMBS, 5% Construction, 6% Freddie Mac, 7% Other, 3% Small Business Lending, 1% Residential Mortgage Banking", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Donut chart", "slug": "donut", "status": "active", "canonId": "019de52d-0006-752c-9528-0fef476b8004", "version": 1, "description": null }, "framework": null }, "subkind": "donut", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:17.927+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "84c39678-e928-4027-86bc-5f1ebb1178c4", "parentComponentId": null }, { "bbox": { "h": 0.205, "w": 0.26, "x": 0.16, "y": 0.64 }, "kind": "list", "text": "Bridge\nFixed rate/CMBS\nConstruction\nFreddie Mac\nOther 3\nSmall Business Lending\nResidential Mortgage Banking", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:17.927+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0a1bdfc3-e705-403f-b211-102eaada9f4e", "parentComponentId": null }, { "bbox": { "h": 0.06, "w": 0.879, "x": 0.055, "y": 0.883 }, "kind": "source-note", "text": "1. Assets include loans, MBS, servicing assets, JV investments, real estate owned, and purchased future receivables.\n2. Based on QTD Distributable Earnings including interest income, accretion of discount, MSR creation, income from unconsolidated joint ventures, realized gains (losses) on loans held for sale, unrealized gains (losses) on loans held for sale and servicing income net of interest expense and amortization of deferred financing costs on an annualized basis.\n3. Loans with the \"Other\" classification are generally SBC acquired loans that have nonconforming characteristics for the Fixed rate, Bridge, or Construction categories.", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:17.927+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "386dbb13-3b17-483b-b4fe-28b60a18f70b", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.699, "x": 0.047, "y": 0.075 }, "kind": "title", "text": "Diversified, Complementary, & Scalable Platforms", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:17.927+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "d1e39ecd-a01b-45c6-a0f6-83768558e93b", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 15, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Financials", "beatId": "251d7290-47a0-4006-b18b-0b6ee33fc5f7", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Financials", "slug": "sequoia-pitch-financials", "status": "active", "canonId": "019dd9b8-245d-74ce-8a5e-8094ec926a75", "version": 1, "description": null }, "evidence": "Slides 5-15 provide detailed financial information and metrics", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [ { "to": 9, "from": 5, "loop": { "name": "27_cost_of_inaction", "slug": "27-cost-of-inaction", "status": "active", "bestFor": "Urgent budget requests, compliance, risk mitigation", "canonId": "019dd956-70d1-7395-a15b-857ba858b394", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "description": "Quantify what happens if the audience does nothing", "familyLabel": null }, "matchId": "5a32d057-b80a-42e1-896e-53505602b471", "evidence": "Slides 5-9 showcase the company's diversified platforms and their benefits", "position": 0, "objective": "Highlighting the benefits of Ready Capital's diversified platforms", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:17.474337+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 7, "type": "analysis", "function": "analyze_data", "rawType": "kpi_overview", "block": null, "metadata": { "slideType": "kpi_overview", "slideTypeCanon": { "name": "KPI overview (contrarian)", "slug": "kpi_overview", "status": "active", "canonId": "019de52d-11d5-7328-b1d1-5368a03e7796", "version": 1, "description": null }, "function": "analyze_data", "functionCanon": { "name": "Analyze data", "slug": "analyze_data", "status": "active", "canonId": "019de52d-1590-7413-8c82-cc218cff40b4", "version": 1, "description": null }, "density": "dense", "densityScore": 51, "componentCount": 3, "textChars": 769, "nDataPoints": 35, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:18.77+00", "seconds": 5.508, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/7", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-7", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.67, "w": 0.83, "x": 0.088, "y": 0.227 }, "kind": "chart", "text": "QUARTERLY INVESTMENT ACTIVITY1 Q1'22: Bridge $1,287.8, Fixed Rate/CMBS $60.9, Construction $197.4, Freddie Mac $658.1, Acquired $100.8, SBA $0.0. Total $2,305.0. Q2'22: Bridge $955.2, Fixed Rate/CMBS $5.9, Construction $36.0, Freddie Mac $255.5, Acquired $1.5, SBA $128.3. Total $1,382.4. Q3'22: Bridge $531.9, Fixed Rate/CMBS $8.3, Construction $116.4, Freddie Mac $174.5, Acquired $133.6, SBA $0.0. Total $964.7. Q4'22: Bridge $189.7, Fixed Rate/CMBS $58.0, Construction $167.3, Freddie Mac $475.6, Acquired $136.9, SBA $0.0. Total $1,027.5. Q1'23: Bridge $110.2, Fixed Rate/CMBS $19.4, Construction $4.0, Freddie Mac $276.9, Acquired $92.3, SBA $0.0. Total $502.8.", "attrs": { "series_names": [ "Bridge", "Fixed Rate/CMBS", "Construction", "Freddie Mac", "Acquired", "SBA" ], "x_axis_labels": [ "Q1'22", "Q2'22", "Q3'22", "Q4'22", "Q1'23" ], "y_axis_labels": [ "$0", "$400", "$800", "$1,200", "$1,600", "$2,000", "$2,400" ] }, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Stacked bar chart (100%)", "slug": "bar-stacked-100pct", "status": "active", "canonId": "019de52c-ff14-71b8-8d88-860f8d7da84b", "version": 1, "description": null }, "framework": null }, "subkind": "bar-stacked-100pct", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:18.77+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "4cf1217e-49d2-4410-b3f0-87860c647960", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.44, "x": 0.06, "y": 0.927 }, "kind": "source-note", "text": "Origination volumes are based on fully committed amounts in millions", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:18.77+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0981974c-0e62-4d23-9ebb-1f5d6f02fe3f", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.58, "x": 0.048, "y": 0.07 }, "kind": "title", "text": "SBC and SBA Investment by Platform", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:18.77+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "957741c7-3910-4d72-9027-4bb294ad887c", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Waterfall chart", "slug": "waterfall-chart", "status": "active", "bestFor": null, "canonId": "e2799da3-725f-44a9-a093-570f1f388e64", "version": 1, "bodyDocId": null, "description": null, "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "a58ad017-d0e4-4615-bf2d-394b89973017", "evidence": "chart/bar-stacked-100pct: QUARTERLY INVESTMENT ACTIVITY1 Q1'22: Bridge $1,287.8, Fixed Rate/CMBS $60.9, Construction $197.4, Freddie Mac $658.1, Acquired $100.8, SBA $0.0. Total $2,305.0. Q2'22: Bridge $955.2, Fixed Rate", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:58.047903+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 7, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 15, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Financials", "beatId": "251d7290-47a0-4006-b18b-0b6ee33fc5f7", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Financials", "slug": "sequoia-pitch-financials", "status": "active", "canonId": "019dd9b8-245d-74ce-8a5e-8094ec926a75", "version": 1, "description": null }, "evidence": "Slides 5-15 provide detailed financial information and metrics", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [ { "to": 9, "from": 5, "loop": { "name": "27_cost_of_inaction", "slug": "27-cost-of-inaction", "status": "active", "bestFor": "Urgent budget requests, compliance, risk mitigation", "canonId": "019dd956-70d1-7395-a15b-857ba858b394", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "description": "Quantify what happens if the audience does nothing", "familyLabel": null }, "matchId": "5a32d057-b80a-42e1-896e-53505602b471", "evidence": "Slides 5-9 showcase the company's diversified platforms and their benefits", "position": 0, "objective": "Highlighting the benefits of Ready Capital's diversified platforms", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:17.474337+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 8, "type": "setup", "function": "summarize", "rawType": "kpi_overview", "block": null, "metadata": { "slideType": "kpi_overview", "slideTypeCanon": { "name": "KPI overview (contrarian)", "slug": "kpi_overview", "status": "active", "canonId": "019de52d-11d5-7328-b1d1-5368a03e7796", "version": 1, "description": null }, "function": "summarize", "functionCanon": { "name": "Summarize", "slug": "summarize", "status": "active", "canonId": "019de52d-1541-704f-b86f-bf7b75056373", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 75, "componentCount": 5, "textChars": 1301, "nDataPoints": 70, "notes": null, "elementsJson": null, "confidence": 0.9, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:22.938+00", "seconds": 9.44, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/8", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-8", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.32, "w": 0.447, "x": 0.515, "y": 0.559 }, "kind": "chart", "text": "GROSS LEVERED YIELD, Q1 2022, Q2 2022, Q3 2022, Q4 2022, Q1 2023, 1.3%, 0.9%, 1.0%, 0.5%, 0.6%, 11.5%, 11.3%, 10.5%, 11.1%, 10.9%", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Stacked bar chart", "slug": "bar-stacked", "status": "active", "canonId": "019de52c-feec-74bf-9028-15b74f84f0a7", "version": 1, "description": null }, "framework": null }, "subkind": "bar-stacked", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:22.938+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "62570f9e-8b56-4f52-a86a-26cbbc95655a", "parentComponentId": null }, { "bbox": { "h": 0.201, "w": 0.46, "x": 0.06, "y": 0.619 }, "kind": "list", "text": "Bridge loan originations of $110.2 million at average spread of plus 596 bps\nSBC money up pipeline of $1.2 billion, including $137.5 million funded in April, with average spread of plus 512 bps\nMosaic Acquired Assets protected against losses due to a $61 million contingent equity right reserve", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:22.938+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "2af6f315-8192-4903-8a91-22291a83a3bb", "parentComponentId": null }, { "bbox": { "h": 0.101, "w": 0.747, "x": 0.047, "y": 0.88 }, "kind": "source-note", "text": "1. Excludes joint venture investments\n2. 72% of fixed rate loans match funded\n3. Includes realized and unrealized gains (losses) on loans held for sale and MSR creation\n4. Includes interest income, accretion of discount, and servicing income net of interest expense and amortization of deferred financing costs\n5. Includes originated SBC floating rate loans that are included in our RCMT securitization and therefore, categorized as Fixed/CMBS\n6. Loans with the \"Other\" classification are generally SBC acquired loans that have nonconforming characteristics for the Fixed rate, Bridge, or Construction categories\n7. Gross of general reserves", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:22.938+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "07b0ca3f-03ae-4bbe-bf19-7e0405b67d59", "parentComponentId": null }, { "bbox": { "h": 0.37, "w": 0.919, "x": 0.043, "y": 0.14 }, "kind": "table", "text": "PRODUCT TYPE, LOAN COUNT(1), UPB, BOOK VALUE(7), WA LTV, WA COUPON, FIXED/FLOAT (2), 60+ Days Past Due, FIXED RATE(5), BRIDGE, CONSTRUCTION (POST MOSAIC), MOSAIC ACQUIRED ASSETS, OTHER(6), ORIGINATED, ACQUIRED", "attrs": null, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:22.938+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ebeaf136-0720-4c9b-baa8-bd489175200e", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.52, "x": 0.047, "y": 0.073 }, "kind": "title", "text": "SBC Lending and Acquisitions", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:22.938+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6de3a158-7310-4e25-b3bd-1de50ef30afe", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "2x2 matrix", "slug": "matrix-2x2", "status": "active", "bestFor": null, "canonId": "019dd9e1-50ab-72d1-8afb-3ab0a38e32a8", "version": 1, "bodyDocId": null, "description": "BCG matrix, importance/urgency, any axes-and-quadrants frame.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "ee20ff26-39a4-44b4-b950-f4bf630fdef1", "evidence": "table/data: PRODUCT TYPE, LOAN COUNT(1), UPB, BOOK VALUE(7), WA LTV, WA COUPON, FIXED/FLOAT (2), 60+ Days Past Due, FIXED RATE(5), BRIDGE, CONSTRUCTION (POST MOSAIC), MOSAIC ACQUIRED ASSETS, OTHER(6), ORIGINATED, ACQUIRE", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.5, "extraction": { "at": "2026-07-17 01:45:58.120213+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 8, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 15, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Financials", "beatId": "251d7290-47a0-4006-b18b-0b6ee33fc5f7", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Financials", "slug": "sequoia-pitch-financials", "status": "active", "canonId": "019dd9b8-245d-74ce-8a5e-8094ec926a75", "version": 1, "description": null }, "evidence": "Slides 5-15 provide detailed financial information and metrics", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [ { "to": 9, "from": 5, "loop": { "name": "27_cost_of_inaction", "slug": "27-cost-of-inaction", "status": "active", "bestFor": "Urgent budget requests, compliance, risk mitigation", "canonId": "019dd956-70d1-7395-a15b-857ba858b394", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "description": "Quantify what happens if the audience does nothing", "familyLabel": null }, "matchId": "5a32d057-b80a-42e1-896e-53505602b471", "evidence": "Slides 5-9 showcase the company's diversified platforms and their benefits", "position": 0, "objective": "Highlighting the benefits of Ready Capital's diversified platforms", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:17.474337+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 9, "type": "setup", "function": "summarize", "rawType": "kpi_overview", "block": null, "metadata": { "slideType": "kpi_overview", "slideTypeCanon": { "name": "KPI overview (contrarian)", "slug": "kpi_overview", "status": "active", "canonId": "019de52d-11d5-7328-b1d1-5368a03e7796", "version": 1, "description": null }, "function": "summarize", "functionCanon": { "name": "Summarize", "slug": "summarize", "status": "active", "canonId": "019de52d-1541-704f-b86f-bf7b75056373", "version": 1, "description": null }, "density": "dense", "densityScore": 71, "componentCount": 5, "textChars": 843, "nDataPoints": 20, "notes": null, "elementsJson": null, "confidence": 0.9, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:19.418+00", "seconds": 5.435, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/9", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-9", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.45, "w": 0.443, "x": 0.513, "y": 0.389 }, "kind": "chart", "text": "GROSS LEVERED YIELD 100% 80% 60% 40% 25.7% 27.6% 24.2% 22.5% 20.8% 20% 17.6% 15.2% 15.0% 19.6% 19.5% 0% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Gross levered yield (ex. gains) 1 Gains on loans, held for sale 2", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Stacked bar chart", "slug": "bar-stacked", "status": "active", "canonId": "019de52c-feec-74bf-9028-15b74f84f0a7", "version": 1, "description": null }, "framework": null }, "subkind": "bar-stacked", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:19.418+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c9071acb-28ba-4992-a9e4-d0bce68f0e1a", "parentComponentId": null }, { "bbox": { "h": 0.19, "w": 0.47, "x": 0.06, "y": 0.447 }, "kind": "list", "text": "SBA net sales premiums peaking at 12.7% and averaging 9.5% net\n$92.3 million of SBA loan originations, including $32.0 million of small balance loan originations.\nCurrent money up pipeline of $166 million, including $32 million funded in April", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:19.418+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0c6cd44a-53af-45a9-addd-77b7be0880e2", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.726, "x": 0.047, "y": 0.923 }, "kind": "source-note", "text": "1. Includes interest income, accretion of discount, and servicing income net of interest expense and amortization of deferred financing costs; excludes impairment\n2. Includes realized and unrealized gains (losses) on loans held for sale and MSR creation", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:19.418+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8e86e399-6853-490b-8595-f5facae1e20a", "parentComponentId": null }, { "bbox": { "h": 0.079, "w": 0.906, "x": 0.048, "y": 0.239 }, "kind": "table", "text": "LOAN COUNT UPB BOOK VALUE WA LTV WA COUPON FIXED/FLOAT 60+ Days Past Due 2,557 $564M $536M 90.2% 9.4% 0.2/99.8% 1.1%", "attrs": null, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:19.418+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fb34b75f-cd1d-43d4-88ea-a53bae305d41", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.33, "x": 0.045, "y": 0.075 }, "kind": "title", "text": "Small Business Lending", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:19.418+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c1083aed-ba81-4962-a5ba-7bd8e77d501a", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Waterfall chart", "slug": "waterfall-chart", "status": "active", "bestFor": null, "canonId": "e2799da3-725f-44a9-a093-570f1f388e64", "version": 1, "bodyDocId": null, "description": null, "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "745dadaa-d1eb-4204-8012-2e04daae72ae", "evidence": "chart/bar-stacked: GROSS LEVERED YIELD 100% 80% 60% 40% 25.7% 27.6% 24.2% 22.5% 20.8% 20% 17.6% 15.2% 15.0% 19.6% 19.5% 0% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Gross levered yield (ex. gains) 1 Gains on loans, held fo", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:58.190273+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 9, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 15, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Financials", "beatId": "251d7290-47a0-4006-b18b-0b6ee33fc5f7", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Financials", "slug": "sequoia-pitch-financials", "status": "active", "canonId": "019dd9b8-245d-74ce-8a5e-8094ec926a75", "version": 1, "description": null }, "evidence": "Slides 5-15 provide detailed financial information and metrics", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [ { "to": 9, "from": 5, "loop": { "name": "27_cost_of_inaction", "slug": "27-cost-of-inaction", "status": "active", "bestFor": "Urgent budget requests, compliance, risk mitigation", "canonId": "019dd956-70d1-7395-a15b-857ba858b394", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "description": "Quantify what happens if the audience does nothing", "familyLabel": null }, "matchId": "5a32d057-b80a-42e1-896e-53505602b471", "evidence": "Slides 5-9 showcase the company's diversified platforms and their benefits", "position": 0, "objective": "Highlighting the benefits of Ready Capital's diversified platforms", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:17.474337+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 10, "type": "setup", "function": "decompose_segments", "rawType": "kpi_overview", "block": null, "metadata": { "slideType": "kpi_overview", "slideTypeCanon": { "name": "KPI overview (contrarian)", "slug": "kpi_overview", "status": "active", "canonId": "019de52d-11d5-7328-b1d1-5368a03e7796", "version": 1, "description": null }, "function": "decompose_segments", "functionCanon": { "name": "Decompose segments", "slug": "decompose_segments", "status": "active", "canonId": "019de52d-14f1-74f8-be75-beb0be1135ec", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 92, "componentCount": 10, "textChars": 795, "nDataPoints": 24, "notes": null, "elementsJson": null, "confidence": 0.9, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:21.179+00", "seconds": 7.002, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/10", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-10", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.2, "w": 0.25, "x": 0.15, "y": 0.24 }, "kind": "chart", "text": "SBC Lending and Acquisitions by Property Type: 72% Multi-family, 9% Mixed-use, 5% Retail, 5% Office, 9% Other Investments", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Donut chart", "slug": "donut", "status": "active", "canonId": "019de52d-0006-752c-9528-0fef476b8004", "version": 1, "description": null }, "framework": null }, "subkind": "donut", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.179+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5e40aefe-4118-4db7-b10b-bf714d931f3a", "parentComponentId": null }, { "bbox": { "h": 0.2, "w": 0.25, "x": 0.62, "y": 0.61 }, "kind": "chart", "text": "Small Business Lending by Geography: 53% Other, 18% California, 12% Texas, 6% Florida, 6% Washington, 5% Oregon", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Donut chart", "slug": "donut", "status": "active", "canonId": "019de52d-0006-752c-9528-0fef476b8004", "version": 1, "description": null }, "framework": null }, "subkind": "donut", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.179+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5ebbe7c7-03e2-4ec8-a8da-a29f3c7619dc", "parentComponentId": null }, { "bbox": { "h": 0.2, "w": 0.25, "x": 0.15, "y": 0.61 }, "kind": "chart", "text": "Small Business Lending by Property Type: 38% Other, 23% Lodging, 17% Retail, 12% Doctors, 10% Eating Place", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Donut chart", "slug": "donut", "status": "active", "canonId": "019de52d-0006-752c-9528-0fef476b8004", "version": 1, "description": null }, "framework": null }, "subkind": "donut", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.179+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "895a567c-273c-4dfc-b364-22dc17771a49", "parentComponentId": null }, { "bbox": { "h": 0.2, "w": 0.25, "x": 0.62, "y": 0.24 }, "kind": "chart", "text": "SBC Lending and Acquisitions by Geography: 47% Other, 21% Texas, 11% California, 8% Georgia, 7% Arizona, 6% Florida", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Donut chart", "slug": "donut", "status": "active", "canonId": "019de52d-0006-752c-9528-0fef476b8004", "version": 1, "description": null }, "framework": null }, "subkind": "donut", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.179+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "faaefdd0-a2ee-40bd-aa5e-0b19e22182e1", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.37, "x": 0.54, "y": 0.54 }, "kind": "list", "text": "Texas, California, Georgia, Arizona, Florida, Other", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.179+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "003c2785-d8e6-4d64-b54b-56ea22afb829", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.37, "x": 0.09, "y": 0.54 }, "kind": "list", "text": "Multi-family, Mixed-use, Retail, Office, Other Investments", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.179+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3199341d-88dd-4b57-89cf-bab476cb44a5", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.37, "x": 0.54, "y": 0.89 }, "kind": "list", "text": "California, Texas, Florida, Washington, Oregon, Other", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.179+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "37318fc5-6c47-4258-ab8c-7fbbefc3d4d7", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.33, "x": 0.12, "y": 0.89 }, "kind": "list", "text": "Lodging, Retail, Doctors, Eating Place, Other", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.179+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "bb7c1c02-d954-4688-9786-927aac15755d", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.67, "x": 0.045, "y": 0.97 }, "kind": "source-note", "text": "1. Calculated on unpaid principal balance and excludes assets offset by guaranteed loan financing liabilities", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.179+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "7046411c-b1b3-4ba5-b6d0-29791bbf3ba8", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.39, "x": 0.045, "y": 0.075 }, "kind": "title", "text": "Loan Portfolio Composition", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.179+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e5eae4a6-b6e7-4df3-a31a-1b07ca636877", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 15, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Financials", "beatId": "251d7290-47a0-4006-b18b-0b6ee33fc5f7", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Financials", "slug": "sequoia-pitch-financials", "status": "active", "canonId": "019dd9b8-245d-74ce-8a5e-8094ec926a75", "version": 1, "description": null }, "evidence": "Slides 5-15 provide detailed financial information and metrics", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [ { "to": 13, "from": 10, "loop": { "name": "41_so_what_cascade", "slug": "41-so-what-cascade", "status": "active", "bestFor": "Data presentations, executive summaries, driving to recommendations", "canonId": "019dd956-769f-7208-afbc-f28985c6f4fb", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Data -> So What? (Insight 1) -> So What? (Insight 2) -> So What? (The Action)", "description": "Chain insights together, each answering 'so what?' until you reach the actionable conclusion", "familyLabel": null }, "matchId": "d71d8d25-0577-4116-8f4f-32fe994d370e", "evidence": "Slides 10-13 provide insights into the loan portfolio composition and its effects", "position": 1, "objective": "Illustrating the impact of loan portfolio composition on financial performance", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:17.515308+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 11, "type": "setup", "function": "summarize", "rawType": "kpi_overview", "block": null, "metadata": { "slideType": "kpi_overview", "slideTypeCanon": { "name": "KPI overview (contrarian)", "slug": "kpi_overview", "status": "active", "canonId": "019de52d-11d5-7328-b1d1-5368a03e7796", "version": 1, "description": null }, "function": "summarize", "functionCanon": { "name": "Summarize", "slug": "summarize", "status": "active", "canonId": "019de52d-1541-704f-b86f-bf7b75056373", "version": 1, "description": null }, "density": "dense", "densityScore": 64, "componentCount": 5, "textChars": 480, "nDataPoints": 25, "notes": null, "elementsJson": null, "confidence": 0.9, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:20.115+00", "seconds": 5.182, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/11", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-11", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.35, "w": 0.46, "x": 0.51, "y": 0.58 }, "kind": "chart", "text": "MSR PORTFOLIO UPDATE ($ in billions)\nQ1'22: UPB $11.4, WAC 3.3%\nQ2'22: UPB $11.7, WAC 3.4%\nQ3'22: UPB $12.0, WAC 3.5%\nQ4'22: UPB $12.1, WAC 3.6%\nQ1'23: UPB $12.2, WAC 3.6%", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:20.115+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "80e42e74-eb27-4b8d-ad6b-8d4e72842251", "parentComponentId": null }, { "bbox": { "h": 0.35, "w": 0.46, "x": 0.038, "y": 0.178 }, "kind": "chart", "text": "QUARTERLY ORIGINATIONS UPB $326.0M\nProduction by Purpose: Purchased 77%, Refinanced 23%", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Donut chart", "slug": "donut", "status": "active", "canonId": "019de52d-0006-752c-9528-0fef476b8004", "version": 1, "description": null }, "framework": null }, "subkind": "donut", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:20.115+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "8184900c-204a-4469-a84f-3769927fd4f6", "parentComponentId": null }, { "bbox": { "h": 0.35, "w": 0.46, "x": 0.51, "y": 0.178 }, "kind": "chart", "text": "QUARTERLY ORIGINATIONS UPB $326.0M\nProduction by Platform: Wholesale 48%, Correspondent 35%, Retail 17%", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Donut chart", "slug": "donut", "status": "active", "canonId": "019de52d-0006-752c-9528-0fef476b8004", "version": 1, "description": null }, "framework": null }, "subkind": "donut", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:20.115+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "e8c7be09-d5dd-4881-aab8-15ce629a32a9", "parentComponentId": null }, { "bbox": { "h": 0.35, "w": 0.46, "x": 0.038, "y": 0.58 }, "kind": "chart", "text": "QUARTERLY SALES UPB $325.6M\nSales by Investor: Fannie/Freddie 71%, Ginnie Mae 23%, Other 6%", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Donut chart", "slug": "donut", "status": "active", "canonId": "019de52d-0006-752c-9528-0fef476b8004", "version": 1, "description": null }, "framework": null }, "subkind": "donut", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:20.115+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "fdee5a43-f3ed-4e36-b9de-37bdc118f086", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.409, "x": 0.046, "y": 0.073 }, "kind": "title", "text": "Residential Mortgage Banking", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:20.115+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "6a4c0a34-8da6-45c0-8c9d-665914a30ca3", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Chartjunk Elimination", "slug": "chartjunk-elimination", "status": "active", "bestFor": null, "canonId": "019dd956-b49e-7453-ab01-b60f338eeda1", "version": 1, "bodyDocId": null, "description": "Remove decorative elements that don't convey data: 3D effects, shadows, unnecessary gridlines", "familyLabel": null, "categoryName": "Slide", "categorySlug": "slide" }, "agent": "Designer", "layer": "slide", "agents": [ "Designer" ], "matchId": "2912e445-2a7c-4ac9-b59d-466fe2e1c6db", "evidence": "chart/bar-vertical: MSR PORTFOLIO UPDATE ($ in billions) Q1'22: UPB $11.4, WAC 3.3% Q2'22: UPB $11.7, WAC 3.4% Q3'22: UPB $12.0, WAC 3.5% Q4'22: UPB $12.1, WAC 3.6% Q1'23: UPB $12.2, WAC 3.6%", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:58.297235+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 11, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 15, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Financials", "beatId": "251d7290-47a0-4006-b18b-0b6ee33fc5f7", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Financials", "slug": "sequoia-pitch-financials", "status": "active", "canonId": "019dd9b8-245d-74ce-8a5e-8094ec926a75", "version": 1, "description": null }, "evidence": "Slides 5-15 provide detailed financial information and metrics", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [ { "to": 13, "from": 10, "loop": { "name": "41_so_what_cascade", "slug": "41-so-what-cascade", "status": "active", "bestFor": "Data presentations, executive summaries, driving to recommendations", "canonId": "019dd956-769f-7208-afbc-f28985c6f4fb", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Data -> So What? (Insight 1) -> So What? (Insight 2) -> So What? (The Action)", "description": "Chain insights together, each answering 'so what?' until you reach the actionable conclusion", "familyLabel": null }, "matchId": "d71d8d25-0577-4116-8f4f-32fe994d370e", "evidence": "Slides 10-13 provide insights into the loan portfolio composition and its effects", "position": 1, "objective": "Illustrating the impact of loan portfolio composition on financial performance", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:17.515308+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 12, "type": "analysis", "function": "analyze_data", "rawType": "kpi_overview", "block": null, "metadata": { "slideType": "kpi_overview", "slideTypeCanon": { "name": "KPI overview (contrarian)", "slug": "kpi_overview", "status": "active", "canonId": "019de52d-11d5-7328-b1d1-5368a03e7796", "version": 1, "description": null }, "function": "analyze_data", "functionCanon": { "name": "Analyze data", "slug": "analyze_data", "status": "active", "canonId": "019de52d-1590-7413-8c82-cc218cff40b4", "version": 1, "description": null }, "density": "dense", "densityScore": 62, "componentCount": 4, "textChars": 980, "nDataPoints": 28, "notes": null, "elementsJson": null, "confidence": 0.9, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:20.602+00", "seconds": 5.268, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/12", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-12", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.346, "w": 0.44, "x": 0.048, "y": 0.584 }, "kind": "chart", "text": "AVERAGE RISK RATING 1.85 1.75 1.70 1.70 1.67 1.68 1.66 1.63 1.65 1.55 1.52 1.47 1.48 1.45 1.35 1.25 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 SBC SBA", "attrs": { "chart_type": "bar", "series_names": [ "SBC", "SBA" ], "x_axis_label": "Quarter", "y_axis_label": "Average Risk Rating" }, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:20.602+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "903eb57b-75e9-496e-8d33-e871e5c1099a", "parentComponentId": null }, { "bbox": { "h": 0.346, "w": 0.44, "x": 0.048, "y": 0.229 }, "kind": "chart", "text": "RISK RATING DISTRIBUTION 100% 89% 88% 80% 60% 40% 20% 4% 4% 3% 5% 4% 3% 0% 1 & 2 3 4 5 SBC SBA", "attrs": { "chart_type": "bar", "series_names": [ "SBC", "SBA" ], "x_axis_label": "Risk Bucket", "y_axis_label": "Percentage" }, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:20.602+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ecb65c28-40aa-46c2-a5fa-57e61a99dca8", "parentComponentId": null }, { "bbox": { "h": 0.689, "w": 0.41, "x": 0.524, "y": 0.229 }, "kind": "list", "text": "BUCKET 1: Very Low Risk of Loss: New origination or current with strong credit metrics (LTV/DSCR/DY). No expected losses. BUCKET 2: Low Risk of Loss: Current with maturity > 6 months. Lower credit metrics with possibility of inclusion on CREFC watchlist. No expected losses. BUCKET 3: Medium Risk of Loss: Current with near term maturities or in forbearance. Loss unlikely with no specific reserves booked. BUCKET 4: Higher Risk: Loan delinquent or in maturity default. Potential issues with sponsor or business plans. Minimal losses possible and adequately reserved in current period. BUCKET 5: Highest risk: Loan in default or special servicing. Specific losses identified and adequately reserved for in current period.", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:20.602+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b21822b3-65c7-47d4-ba37-476586316678", "parentComponentId": null }, { "bbox": { "h": 0.025, "w": 0.42, "x": 0.045, "y": 0.073 }, "kind": "title", "text": "Loan Portfolio – Risk Rating", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:20.602+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "7e306579-8216-4c38-adca-94f973b965a5", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Chart Selection Guide", "slug": "chart-selection-guide", "status": "active", "bestFor": null, "canonId": "019dd956-b1a0-700b-ba17-0e16c4d5bcae", "version": 1, "bodyDocId": null, "description": "Choosing the right chart type for your data and message", "familyLabel": null, "categoryName": "Slide", "categorySlug": "slide" }, "agent": "Designer", "layer": "slide", "agents": [ "Designer" ], "matchId": "771bbb0f-9a9d-487d-9cef-dbcc8d7a8d24", "evidence": "chart/bar-vertical: AVERAGE RISK RATING 1.85 1.75 1.70 1.70 1.67 1.68 1.66 1.63 1.65 1.55 1.52 1.47 1.48 1.45 1.35 1.25 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 SBC SBA", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.5, "extraction": { "at": "2026-07-17 01:45:58.368866+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 12, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 15, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Financials", "beatId": "251d7290-47a0-4006-b18b-0b6ee33fc5f7", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Financials", "slug": "sequoia-pitch-financials", "status": "active", "canonId": "019dd9b8-245d-74ce-8a5e-8094ec926a75", "version": 1, "description": null }, "evidence": "Slides 5-15 provide detailed financial information and metrics", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [ { "to": 13, "from": 10, "loop": { "name": "41_so_what_cascade", "slug": "41-so-what-cascade", "status": "active", "bestFor": "Data presentations, executive summaries, driving to recommendations", "canonId": "019dd956-769f-7208-afbc-f28985c6f4fb", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Data -> So What? (Insight 1) -> So What? (Insight 2) -> So What? (The Action)", "description": "Chain insights together, each answering 'so what?' until you reach the actionable conclusion", "familyLabel": null }, "matchId": "d71d8d25-0577-4116-8f4f-32fe994d370e", "evidence": "Slides 10-13 provide insights into the loan portfolio composition and its effects", "position": 1, "objective": "Illustrating the impact of loan portfolio composition on financial performance", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:17.515308+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 13, "type": "setup", "function": "summarize", "rawType": "kpi_overview", "block": null, "metadata": { "slideType": "kpi_overview", "slideTypeCanon": { "name": "KPI overview (contrarian)", "slug": "kpi_overview", "status": "active", "canonId": "019de52d-11d5-7328-b1d1-5368a03e7796", "version": 1, "description": null }, "function": "summarize", "functionCanon": { "name": "Summarize", "slug": "summarize", "status": "active", "canonId": "019de52d-1541-704f-b86f-bf7b75056373", "version": 1, "description": null }, "density": "dense", "densityScore": 59, "componentCount": 4, "textChars": 740, "nDataPoints": 14, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:20.269+00", "seconds": 4.717, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/13", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-13", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.38, "w": 0.42, "x": 0.048, "y": 0.589 }, "kind": "chart", "text": "CORPORATE DEBT MATURITY PROFILE ($ in millions)\n$800 $600 $400 $200 $0\n$115 $120 $661 $100 $146\n2023 2024 2025 2026 2027 2028 and beyond", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:20.269+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ecebc907-d197-4dfc-afa9-1c7f8a016eb7", "parentComponentId": null }, { "bbox": { "h": 0.39, "w": 0.42, "x": 0.048, "y": 0.147 }, "kind": "chart", "text": "UNENCUMBERED ASSET POOL\n15% 10% 8% 8% $1.1B Total Unencumbered Assets 31% 28%\nUnrestricted cash, Servicing rights, Securities, REO, Loans, Other Assets", "attrs": {}, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Donut chart", "slug": "donut", "status": "active", "canonId": "019de52d-0006-752c-9528-0fef476b8004", "version": 1, "description": null }, "framework": null }, "subkind": "donut", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:20.269+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c5a5d5d2-a709-4e16-bda1-585d91f4d449", "parentComponentId": null }, { "bbox": { "h": 0.63, "w": 0.39, "x": 0.542, "y": 0.262 }, "kind": "list", "text": "Diversified unencumbered asset pool of $1.1 billion, including $111 million of unrestricted cash\n1.4x unencumbered assets to unsecured debt\n$2.6 billion in available warehouse borrowing capacity across 19 counterparties\nLimited usage of securities repo financing at 4.3% of total debt\nFull mark to market liabilities and credit mark to market liabilities represent 21% of total debt\n90% of corporate debt maturities in 2025 or later", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:20.269+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b5507707-a21a-4af0-bcb4-fd4de8a64fdb", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.349, "x": 0.045, "y": 0.07 }, "kind": "title", "text": "Financial Flexibility", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:20.269+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "670560e5-42a7-4034-ba42-4e5124a5fb85", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Data-Ink Ratio", "slug": "data-ink-ratio", "status": "active", "bestFor": null, "canonId": "019dd956-afc8-70da-b378-92834d36fde6", "version": 1, "bodyDocId": null, "description": "Maximize data, minimize non-data ink - remove chartjunk and decoration", "familyLabel": null, "categoryName": "Slide", "categorySlug": "slide" }, "agent": "Designer", "layer": "slide", "agents": [ "Designer" ], "matchId": "6fd49396-5a22-4934-8112-a3dda4dc0f60", "evidence": "chart/donut: UNENCUMBERED ASSET POOL 15% 10% 8% 8% $1.1B Total Unencumbered Assets 31% 28% Unrestricted cash, Servicing rights, Securities, REO, Loans, Other Assets", "pageRefs": null, "priority": "Core", "whenToUse": null, "confidence": 0.7, "extraction": { "at": "2026-07-17 01:45:58.439556+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 13, "whyItWorks": null, "antipattern": null, "cardinality": null, "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 15, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Financials", "beatId": "251d7290-47a0-4006-b18b-0b6ee33fc5f7", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Financials", "slug": "sequoia-pitch-financials", "status": "active", "canonId": "019dd9b8-245d-74ce-8a5e-8094ec926a75", "version": 1, "description": null }, "evidence": "Slides 5-15 provide detailed financial information and metrics", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [ { "to": 13, "from": 10, "loop": { "name": "41_so_what_cascade", "slug": "41-so-what-cascade", "status": "active", "bestFor": "Data presentations, executive summaries, driving to recommendations", "canonId": "019dd956-769f-7208-afbc-f28985c6f4fb", "version": 1, "bodyDocId": "019df22a-2420-77be-bc41-ded96d08cb21", "structure": "The Data -> So What? (Insight 1) -> So What? (Insight 2) -> So What? (The Action)", "description": "Chain insights together, each answering 'so what?' until you reach the actionable conclusion", "familyLabel": null }, "matchId": "d71d8d25-0577-4116-8f4f-32fe994d370e", "evidence": "Slides 10-13 provide insights into the loan portfolio composition and its effects", "position": 1, "objective": "Illustrating the impact of loan portfolio composition on financial performance", "confidence": 0.6, "extraction": { "at": "2026-07-16 23:08:17.515308+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": "doc-narrative-v1" } } ], "locked": true }, { "page": 14, "type": "analysis", "function": "analyze_data", "rawType": "kpi_overview", "block": null, "metadata": { "slideType": "kpi_overview", "slideTypeCanon": { "name": "KPI overview (contrarian)", "slug": "kpi_overview", "status": "active", "canonId": "019de52d-11d5-7328-b1d1-5368a03e7796", "version": 1, "description": null }, "function": "analyze_data", "functionCanon": { "name": "Analyze data", "slug": "analyze_data", "status": "active", "canonId": "019de52d-1590-7413-8c82-cc218cff40b4", "version": 1, "description": null }, "density": "dense", "densityScore": 68, "componentCount": 5, "textChars": 684, "nDataPoints": 13, "notes": null, "elementsJson": null, "confidence": 0.9, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:21.223+00", "seconds": 5.41, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/14", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-14", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.7, "w": 0.26, "x": 0.19, "y": 0.15 }, "kind": "chart", "text": "Debt Balance and Leverage Ratio by Debt Type: PPPLF $170 (0.1x), Securitized Debt Obligations $5,301 (3.0x), Non-Recourse Secured Borrowings $1,093 (0.6x), Recourse Secured Borrowings $1,392 (0.8x), Corporate Debt $1,122 (0.6x)", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Stacked bar chart", "slug": "bar-stacked", "status": "active", "canonId": "019de52c-feec-74bf-9028-15b74f84f0a7", "version": 1, "description": null }, "framework": null }, "subkind": "bar-stacked", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.223+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "5559f1fb-8dfc-43f1-9573-6092e500672c", "parentComponentId": null }, { "bbox": { "h": 0.39, "w": 0.41, "x": 0.515, "y": 0.47 }, "kind": "chart", "text": "Recourse Leverage by Reporting Segment: SBC Debt $1,012 (0.4x), SBL Debt $163 (1.3x), Residential Debt $217 (1.9x), Corporate Debt $1,122 (0.6x)", "attrs": null, "canon": { "kind": { "name": "Chart", "slug": "chart", "status": "active", "canonId": "019de52c-f9a0-76ef-adc6-0b859109d1f8", "version": 1, "description": "Quantitative chart." }, "tool": null, "subkind": { "name": "Vertical bar chart", "slug": "bar-vertical", "status": "active", "canonId": "019de52c-fe9d-70f2-b3b7-a9ae294f5917", "version": 1, "description": null }, "framework": null }, "subkind": "bar-vertical", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.223+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ea18ee05-c2c0-482f-9820-f10cc2d06fcb", "parentComponentId": null }, { "bbox": { "h": 0.12, "w": 0.436, "x": 0.537, "y": 0.234 }, "kind": "list", "text": "Total leverage of 5.1x\nRecourse leverage ratio of 1.4x\nMajority of secured borrowings subject to non-recourse or limited recourse terms", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.223+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "c888bc05-0870-4d5d-ad04-4c0431e32e22", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.87, "x": 0.048, "y": 0.96 }, "kind": "source-note", "text": "1. Recourse leverage by reporting segment is based on the segment recourse debt balance over invested equity in the segment and excludes guaranteed loan financings", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.223+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "db58f4c2-9d94-4175-aead-004315c2b8f4", "parentComponentId": null }, { "bbox": { "h": 0.034, "w": 0.299, "x": 0.046, "y": 0.09 }, "kind": "title", "text": "Debt - Leverage", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.223+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "32cf5d5d-46ab-4390-86ba-67bb11e6c1bb", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 15, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Financials", "beatId": "251d7290-47a0-4006-b18b-0b6ee33fc5f7", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Financials", "slug": "sequoia-pitch-financials", "status": "active", "canonId": "019dd9b8-245d-74ce-8a5e-8094ec926a75", "version": 1, "description": null }, "evidence": "Slides 5-15 provide detailed financial information and metrics", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [], "locked": true }, { "page": 15, "type": "setup", "function": "summarize", "rawType": "kpi_overview", "block": null, "metadata": { "slideType": "kpi_overview", "slideTypeCanon": { "name": "KPI overview (contrarian)", "slug": "kpi_overview", "status": "active", "canonId": "019de52d-11d5-7328-b1d1-5368a03e7796", "version": 1, "description": null }, "function": "summarize", "functionCanon": { "name": "Summarize", "slug": "summarize", "status": "active", "canonId": "019de52d-1541-704f-b86f-bf7b75056373", "version": 1, "description": null }, "density": "overcrowded", "densityScore": 89, "componentCount": 7, "textChars": 2359, "nDataPoints": 40, "notes": null, "elementsJson": null, "confidence": 0.9, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:22.891+00", "seconds": 6.912, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/15", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-15", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.14, "w": 0.839, "x": 0.047, "y": 0.82 }, "kind": "source-note", "text": "1. Average carrying value includes average quarterly carrying value of loan and servicing asset balances\n2. Gross yields include interest income, accretion of discount, MSR creation, income from our unconsolidated joint venture, realized gains (losses) on loans held for sale, unrealized gains (losses) on loans held\nfor sale and servicing income net of interest expense and amortization of deferred financing costs on an annualized basis.\n3. The Company finances the assets included in the Investment Type through securitizations, repurchase agreements, warehouse facilities and bank credit facilities. Interest expense is calculated based on\ninterest expense and deferred financing amortization for the quarter ended 3/31/2023 on an annualized basis.\n4. Excludes loans, held for sale, at fair value\n5. Excludes the equity component of our 2017 convertible note issuance.\n6. Q1 Dividend yield for the period is based on the 3/31/2023 closing share price of $10.17", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:22.891+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "282e2323-260f-4109-a613-66ad54810a1e", "parentComponentId": null }, { "bbox": { "h": 0.159, "w": 0.43, "x": 0.047, "y": 0.342 }, "kind": "table", "text": "Book Equity Value Metrics, Common Stockholders' equity, $1,668,757, Common Stockholders' equity (adjusted) (5), $1,668,680, Total Common Shares outstanding, 110,745,658, Net Book Value per Common Share, $15.07, Adjusted Net Book Value per Common Share, $15.07", "attrs": null, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:22.891+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "01d8a103-9db7-4e77-808c-8a3fb9d95807", "parentComponentId": null }, { "bbox": { "h": 0.189, "w": 0.376, "x": 0.51, "y": 0.543 }, "kind": "table", "text": "Servicing Portfolio Metrics, SBA servicing rights - UPB, $1,051,612, SBA servicing rights- carrying value, $22,040, Multi-family servicing rights - UPB, $4,999,057, Multi-family servicing rights - carrying value, $67,911, Residential servicing rights - UPB, $12,156,480, Residential servicing rights - carrying value, $188,985", "attrs": null, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:22.891+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "806acb3d-fb99-4867-aced-640f3188cd2f", "parentComponentId": null }, { "bbox": { "h": 0.159, "w": 0.376, "x": 0.51, "y": 0.342 }, "kind": "table", "text": "Loan Portfolio Metrics (4), % Fixed vs Floating Rate, 14%/86%, % Originated vs Acquired, 78%/22%, Weighted Average LTV - SBC, 65%, Weighted Average LTV - SBA, 90%", "attrs": null, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:22.891+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a04b2595-5c6b-45ed-ae1b-3dd50f6fc625", "parentComponentId": null }, { "bbox": { "h": 0.189, "w": 0.43, "x": 0.047, "y": 0.543 }, "kind": "table", "text": "Q1 2023 Earnings Data Metrics, Net income | Distributable earnings, 36,978 | $38,149, Earnings per share - Basic and diluted, $0.30 | $0.29, Distributable Earnings per share - Basic and diluted, $0.31 | $0.30, Return on Equity per Common Share, 8.2%, Distributable Return on Equity per Common Share, 8.5%, Dividend Yield (6), 15.7%", "attrs": null, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:22.891+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "cec6806b-5905-4724-9063-a1c82ce3b6fb", "parentComponentId": null }, { "bbox": { "h": 0.102, "w": 0.839, "x": 0.047, "y": 0.19 }, "kind": "table", "text": "Investment Type, Average Carrying Value(1), Gross Yield (2), Average Debt Balance, Debt Cost (3), Levered Yield, SBC Lending and Acquisitions, $9,763,848, 8.2%, $7,357,550, 7.2%, 11.5%, Small Business Lending, $345,317, 22.0%, $206,034, 9.7%, 40.3%, Total, $10,109,165, 8.7%, $7,563,584, 7.2%, 12.1%", "attrs": null, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:22.891+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f65a8d54-589d-42dc-9e71-55ed94eeffc2", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.302, "x": 0.047, "y": 0.075 }, "kind": "title", "text": "Financial Snapshot", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:22.891+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "a1494e94-740f-40c9-8a5a-13cc914fa05e", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Executive summary", "slug": "executive-summary", "status": "active", "bestFor": null, "canonId": "019dd9e1-4b63-72d5-9734-da757d91ca61", "version": 1, "bodyDocId": null, "description": "A condensed view of the entire argument on a single slide / block.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "b8349aac-389d-4a9a-8478-b2c9e23f6dbe", "evidence": "table/data: Q1 2023 Earnings Data Metrics, Net income | Distributable earnings, 36,978 | $38,149, Earnings per share - Basic and diluted, $0.30 | $0.29, Distributable Earnings per share - Basic and diluted, $0.31 | $0.30", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:58.548098+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 15, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 15, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 5, "name": "Financials", "beatId": "251d7290-47a0-4006-b18b-0b6ee33fc5f7", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Financials", "slug": "sequoia-pitch-financials", "status": "active", "canonId": "019dd9b8-245d-74ce-8a5e-8094ec926a75", "version": 1, "description": null }, "evidence": "Slides 5-15 provide detailed financial information and metrics", "position": 1, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [], "locked": true }, { "page": 16, "type": "appendix", "function": "appendix", "rawType": "appendix", "block": null, "metadata": { "slideType": "appendix", "slideTypeCanon": { "name": "Appendix", "slug": "appendix", "status": "active", "canonId": "019de52d-0762-71f8-b564-89ab863301cc", "version": 1, "description": null }, "function": "appendix", "functionCanon": { "name": "Appendix", "slug": "appendix", "status": "active", "canonId": "019de52d-138d-750b-83c3-49b4bc7a7a38", "version": 1, "description": null }, "density": "sparse", "densityScore": 10, "componentCount": 3, "textChars": 40, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:18.957+00", "seconds": 2.867, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/16", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-16", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.04, "w": 0.19, "x": 0.05, "y": 0.07 }, "kind": "image", "text": null, "attrs": {}, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:18.957+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9068ffc6-2c07-4328-a27b-b9b62345e879", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.1, "x": 0.09, "y": 0.39 }, "kind": "paragraph", "text": "APPENDIX", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:18.957+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "427fc0a0-3640-4a4f-a71b-bb83bacfe96e", "parentComponentId": null }, { "bbox": { "h": 0.11, "w": 0.37, "x": 0.09, "y": 0.45 }, "kind": "title", "text": "Additional Financial Information", "attrs": {}, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:18.957+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "3bb0d4ae-35c2-491a-b6c8-890f1c664d90", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 17, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 16, "name": "Solution", "beatId": "ba1cbe8f-602f-49e8-8505-cdef83433194", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Solution", "slug": "sequoia-pitch-solution", "status": "active", "canonId": "019dd9b8-1fb1-71d9-a260-07738d7f9c2f", "version": 1, "description": null }, "evidence": "Slides 16-17 offer additional financial information and a financial snapshot", "position": 2, "isPrimaryArc": true, "parentBeatType": { "name": "Turn", "slug": "turn", "status": "active", "canonId": "019dd9b8-0396-702b-ac2f-9901f8dd8b54", "version": 1, "description": "The pivot — solution proposed, catalyst introduced, decision made. Common (15/20 arcs) but not universal: Triple-take, AIDA, PAS, Voyage-return and Pixar substitute it with a strong reflection or development beat." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [], "locked": true }, { "page": 17, "type": "analysis", "function": "analyze_data", "rawType": "kpi_overview", "block": null, "metadata": { "slideType": "kpi_overview", "slideTypeCanon": { "name": "KPI overview (contrarian)", "slug": "kpi_overview", "status": "active", "canonId": "019de52d-11d5-7328-b1d1-5368a03e7796", "version": 1, "description": null }, "function": "analyze_data", "functionCanon": { "name": "Analyze data", "slug": "analyze_data", "status": "active", "canonId": "019de52d-1590-7413-8c82-cc218cff40b4", "version": 1, "description": null }, "density": "dense", "densityScore": 55, "componentCount": 3, "textChars": 1309, "nDataPoints": 100, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:21.545+00", "seconds": 5.273, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/17", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-17", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.012, "w": 0.09, "x": 0.05, "y": 0.189 }, "kind": "source-note", "text": "(in thousands)", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.545+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "362c8110-7117-4462-a4aa-21112b62d9a2", "parentComponentId": null }, { "bbox": { "h": 0.76, "w": 0.903, "x": 0.048, "y": 0.184 }, "kind": "table", "text": "Assets\nCash and cash equivalents\nRestricted cash\nLoans, net\nLoans, held for sale, at fair value\nPayment protection program loans, net\nMortgage backed securities, at fair value\nLoans eligible for repurchase from Ginnie Mae\nInvestment in unconsolidated joint ventures\nInvestments held to maturity\nPurchased future receivables, net\nDerivative instruments\nServicing rights\nReal estate owned, held for sale\nOther assets\nAssets of consolidated VIEs\nTotal Assets\nLiabilities\nSecured borrowings\nPaycheck Protection Program Liquidity Facility (PPPLF) borrowings\nSecuritized debt obligations of consolidated VIEs, net\nConvertible notes, net\nSenior secured notes and Corporate debt, net\nGuaranteed loan financing\nContingent consideration\nLiabilities for loans eligible for repurchase from Ginnie Mae\nDerivative instruments\nDividends payable\nLoan participations sold\nDue to third parties\nAccounts payable and other accrued liabilities\nTotal Liabilities\nPreferred stock Series C\nStockholders' Equity\nPreferred stock\nCommon stock\nAdditional paid-in capital\nRetained earnings\nAccumulated other comprehensive income (loss)\nTotal Ready Capital Corporation equity\nNon-controlling interests\nTotal Stockholders' Equity\nTotal Liabilities and Stockholders' Equity\nAdjusted Book Value per Share", "attrs": null, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.545+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "dd519219-5b24-49b1-9662-23b3d530f3b3", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.349, "x": 0.048, "y": 0.08 }, "kind": "title", "text": "Balance Sheet by Quarter", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.545+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ae07f37f-360a-40d3-b770-cea21f5a72fd", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Table data", "slug": "table-data", "status": "active", "bestFor": null, "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d", "version": 1, "bodyDocId": null, "description": "Tabular layouts of structured data.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "b4aaea60-3fcb-46a3-beae-2f93b1c4440f", "evidence": "table/data: Assets Cash and cash equivalents Restricted cash Loans, net Loans, held for sale, at fair value Payment protection program loans, net Mortgage backed securities, at fair value Loans eligible for repurchase fr", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:58.657238+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 17, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 17, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 16, "name": "Solution", "beatId": "ba1cbe8f-602f-49e8-8505-cdef83433194", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Solution", "slug": "sequoia-pitch-solution", "status": "active", "canonId": "019dd9b8-1fb1-71d9-a260-07738d7f9c2f", "version": 1, "description": null }, "evidence": "Slides 16-17 offer additional financial information and a financial snapshot", "position": 2, "isPrimaryArc": true, "parentBeatType": { "name": "Turn", "slug": "turn", "status": "active", "canonId": "019dd9b8-0396-702b-ac2f-9901f8dd8b54", "version": 1, "description": "The pivot — solution proposed, catalyst introduced, decision made. Common (15/20 arcs) but not universal: Triple-take, AIDA, PAS, Voyage-return and Pixar substitute it with a strong reflection or development beat." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [], "locked": true }, { "page": 18, "type": "setup", "function": "decompose_segments", "rawType": "revenue_buildup", "block": null, "metadata": { "slideType": "revenue_buildup", "slideTypeCanon": { "name": "Revenue buildup", "slug": "revenue_buildup", "status": "active", "canonId": "019de52d-0acd-70b8-a81d-62d89840409b", "version": 1, "description": null }, "function": "decompose_segments", "functionCanon": { "name": "Decompose segments", "slug": "decompose_segments", "status": "active", "canonId": "019de52d-14f1-74f8-be75-beb0be1135ec", "version": 1, "description": null }, "density": "dense", "densityScore": 55, "componentCount": 3, "textChars": 1460, "nDataPoints": 150, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:21.049+00", "seconds": 4.706, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/18", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-18", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.012, "w": 0.207, "x": 0.054, "y": 0.177 }, "kind": "source-note", "text": "(In thousands, except share data)", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.049+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "78dd6859-c51a-4bbd-a73f-afb67e66cc7e", "parentComponentId": null }, { "bbox": { "h": 0.783, "w": 0.899, "x": 0.048, "y": 0.17 }, "kind": "table", "text": "Interest income, Interest expense, Net interest income before (provision for) recovery of loan losses, Recovery of (provision for) loan losses, Net interest income after (provision for) recovery of loan losses, Non-interest income, Residential mortgage banking activities, Net realized gain (loss) on financial instruments and real estate owned, Net unrealized gain (loss) on financial instruments, Servicing income, net of amortization and impairment, Income on purchased future receivables, net, Income (loss) on unconsolidated joint ventures, Other income, Total non-interest income, Non-interest expense, Employee compensation and benefits, Allocated employee compensation and benefits from related party, Variable expenses on residential mortgage banking activities, Professional fees, Management fees - related party, Incentive fees - related party, Loan servicing expense, Transaction related expenses, Other operating expenses, Total non-interest expense, Income before provision for income taxes, Income tax provision, Net income, Less: Dividends on preferred stock, Less: Net income attributable to non-controlling interest, Net income attributable to Ready Capital Corporation, Earnings per common share - basic, Earnings per common share - diluted, Weighted-average shares outstanding - Basic, Weighted-average shares outstanding - Diluted, Dividends declared per share of common stock", "attrs": null, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.049+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0987e7d4-c4c6-4bfc-bd7d-5795b1dec907", "parentComponentId": null }, { "bbox": { "h": 0.026, "w": 0.429, "x": 0.048, "y": 0.08 }, "kind": "title", "text": "Statement of Income by Quarter", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.049+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "9eb43333-482b-4463-a480-edc3bee42412", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 19, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 18, "name": "Not explicitly mentioned but implied", "beatId": "5f144576-289d-4e80-922b-37d2c4896634", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Team", "slug": "sequoia-pitch-team", "status": "active", "canonId": "019dd9b8-23c9-746f-aaf9-2f5d83892cf3", "version": 1, "description": null }, "evidence": "Slides 18-19 provide a revenue buildup and distributable earnings reconciliation", "position": 3, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [], "locked": true }, { "page": 19, "type": "setup", "function": "decompose_segments", "rawType": "revenue_buildup", "block": null, "metadata": { "slideType": "revenue_buildup", "slideTypeCanon": { "name": "Revenue buildup", "slug": "revenue_buildup", "status": "active", "canonId": "019de52d-0acd-70b8-a81d-62d89840409b", "version": 1, "description": null }, "function": "decompose_segments", "functionCanon": { "name": "Decompose segments", "slug": "decompose_segments", "status": "active", "canonId": "019de52d-14f1-74f8-be75-beb0be1135ec", "version": 1, "description": null }, "density": "dense", "densityScore": 56, "componentCount": 3, "textChars": 5200, "nDataPoints": 105, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:23.941+00", "seconds": 6.29, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/19", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-19", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.326, "w": 0.85, "x": 0.084, "y": 0.609 }, "kind": "source-note", "text": "The Company believes that this non-U.S. GAAP financial information, in addition to the related U.S. GAAP measures, provides investors greater transparency into the information used by management in its financial and operational decision-making, including the determination of dividends. However, because Distributable Earnings is an incomplete measure of the Company's financial performance and involves differences from net income computed in accordance with U.S. GAAP, it should be considered along with, but not as an alternative to, the Company's net income computed in accordance with U.S. GAAP as a measure of the Company's financial performance. In addition, because not all companies use identical calculations, the Company's presentation of Distributable Earnings may not be comparable to other similarly-titled measures of other companies.\nWe calculate Distributable earnings as GAAP net income (loss) excluding the following:\ni) any unrealized gains or losses on certain MBS not retained by us as part of our loan origination businesses\nii) any realized gains or losses on sales of certain MBS\niii) any unrealized gains or losses on Residential MSRS\niv) any unrealized current non-cash provision for credit losses on accrual loans\nv) any unrealized gains or losses on de-designated cash flow hedges\nvi) one-time non-recurring gains or losses, such as gains or losses on discontinued operations, bargain purchase gains, or merger related expenses\nIn calculating Distributable Earnings, Net Income (in accordance with U.S. GAAP) is adjusted to exclude unrealized gains and losses on MBS acquired by the Company in the secondary market but is not adjusted to exclude unrealized gains and losses on MBS retained by Ready Capital as part of its loan origination businesses, where the Company transfers originated loans into an MBS securitization and the Company retains an interest in the securitization. In calculating Distributable Earnings, the Company does not adjust Net Income (in accordance with U.S. GAAP) to take into account unrealized gains and losses on MBS retained by us as part of the loan origination businesses because the unrealized gains and losses that are generated in the loan origination and securitization process are considered to be a fundamental part of this business and an indicator of the ongoing performance and credit quality of the Company's historical loan originations. In calculating Distributable Earnings, Net Income (in accordance with U.S. GAAP) is adjusted to exclude realized gains and losses on certain MBS securities considered to be non-distributable. Certain MBS positions are considered to be non-distributable due to a variety of reasons which may include collateral type, duration, and size. In 2016, the Company liquidated the majority of its MBS portfolio from distributable earnings to fund recurring operating segments.\nIn addition, in calculating Distributable Earnings, Net Income (in accordance with U.S. GAAP) is adjusted to exclude unrealized gains or losses on residential MSRs, held at fair value. The Company treats its commercial MSRs and residential MSRs as two separate classes based on the nature of the underlying mortgages and the treatment of these assets as two separate pools for risk management purposes. Servicing rights relating to the Company's small business commercial business are accounted for under ASC 860, Transfer and Servicing, while the Company's residential MSRs are accounted for under the fair value option under ASC 825, Financial Instruments. In calculating Distributable Earnings, the Company does not exclude realized gains or losses on either commercial MSRs or residential MSRs, held at fair value, as servicing income is a fundamental part of Ready Capital's business and is an indicator of the ongoing performance.\nTo qualify as a REIT, the Company must distribute to its stockholders each calendar year at least 90% of its REIT taxable income (including certain items of non-cash income), determined without regard to the deduction for dividends paid and excluding net capital gain. There are certain items, including net income generated from the creation of MSRs, that are included in distributable earnings but are not included in the calculation of the current year's taxable income. These differences may result in certain items that are recognized in the current period's calculation of distributable earnings not being included in taxable income, and thus not subject to the REIT dividend distribution requirement until future years.", "attrs": { "numbered": true }, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. Numbered footnotes use attrs.numbered." }, "tool": null, "subkind": null, "framework": null }, "subkind": null, "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:23.941+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "35137114-b25c-45a5-a8db-b8c73af51041", "parentComponentId": null }, { "bbox": { "h": 0.419, "w": 0.88, "x": 0.068, "y": 0.174 }, "kind": "table", "text": "Net Income\nReconciling items:\nUnrealized (gain) loss on MSR\nImpact of CECL on accrual loans\nNon-recurring REO impairment\nNon-cash compensation\nMerger transaction costs and other non-recurring expenses\nTotal reconciling items\nDistributable earnings before income taxes\nIncome tax adjustments\nDistributable earnings\nLess: Distributable earnings attributable to non-controlling interests\nLess: Income attributable to participating shares\nLess: Dividends on preferred stock\nDistributable earnings attributable to Common Stockholders\nDistributable earnings per share-basic\nWeighted average common shares outstanding", "attrs": null, "canon": { "kind": { "name": "Table", "slug": "table", "status": "active", "canonId": "019de52c-f9c8-7148-8119-eaac9594cd28", "version": 1, "description": "Tabular data layout." }, "tool": null, "subkind": { "name": "Data table", "slug": "data", "status": "active", "canonId": "019de52d-02d5-75b8-8abf-88e92bf63569", "version": 1, "description": null }, "framework": null }, "subkind": "data", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:23.941+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "574c589b-2fc2-4bfa-930f-7d8c052d5d6c", "parentComponentId": null }, { "bbox": { "h": 0.03, "w": 0.629, "x": 0.049, "y": 0.08 }, "kind": "title", "text": "Distributable Earnings Reconciliation by Quarter", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:23.941+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "0122a905-8f13-4fe8-b1d4-c4dbc01e1622", "parentComponentId": null } ], "metrics": [], "tools": [ { "tool": { "name": "Table data", "slug": "table-data", "status": "active", "bestFor": null, "canonId": "019dd9e1-4fab-7168-a82f-b847350a006d", "version": 1, "bodyDocId": null, "description": "Tabular layouts of structured data.", "familyLabel": null, "categoryName": null, "categorySlug": null }, "agent": null, "layer": "slide", "agents": null, "matchId": "a4eeaff8-a8a6-4e38-8b38-f03d717da36c", "evidence": "The slide contains a table with data: Net Income, Reconciling items, etc.", "pageRefs": null, "priority": null, "whenToUse": null, "confidence": 0.9, "extraction": { "at": "2026-07-17 01:45:41.388602+00", "model": "or:meta-llama/llama-4-scout", "runId": null, "seconds": null, "promptVersion": null }, "pageNumber": 19, "whyItWorks": null, "antipattern": null, "cardinality": "common", "narrativePurpose": null } ], "frameworks": [], "arcBeats": [ { "to": 19, "arc": { "name": "The Sequoia Pitch", "slug": "sequoia-pitch", "status": "active", "bestFor": "Investor pitches, Series A/B, board presentations", "canonId": "019dd956-5e69-75a7-a0a4-895ac1bc0444", "version": 1, "bodyDocId": "019df22a-2356-73eb-8061-d8c81dc0aa49", "structure": "Problem -> Solution -> Why Now -> Market Size -> Competition -> Product -> Business Model -> Team -> Financials -> The Ask", "description": null, "familyLabel": null }, "from": 18, "name": "Not explicitly mentioned but implied", "beatId": "5f144576-289d-4e80-922b-37d2c4896634", "matchId": "73f67d48-b88c-447f-b84a-b59175af49b1", "beatType": { "name": "Team", "slug": "sequoia-pitch-team", "status": "active", "canonId": "019dd9b8-23c9-746f-aaf9-2f5d83892cf3", "version": 1, "description": null }, "evidence": "Slides 18-19 provide a revenue buildup and distributable earnings reconciliation", "position": 3, "isPrimaryArc": true, "parentBeatType": { "name": "Evidence", "slug": "evidence", "status": "active", "canonId": "019dd9b8-03f9-772a-b84a-4f07b415b77a", "version": 1, "description": "A dedicated proof beat exists in only ~4 arcs (Gambit, Sequoia, AIDA, Monroes). Other arcs embed evidence inline within development." }, "alignedBlockIds": null, "matchConfidence": 0.7 } ], "loops": [], "locked": true }, { "page": 20, "type": "setup", "function": "front_matter", "rawType": "cover", "block": null, "metadata": { "slideType": "cover", "slideTypeCanon": { "name": "Cover", "slug": "cover", "status": "active", "canonId": "019de52d-05f2-729d-9f93-e0504f0a2410", "version": 1, "description": null }, "function": "front_matter", "functionCanon": { "name": "Front matter", "slug": "front_matter", "status": "active", "canonId": "019de52d-133d-73f0-9e26-201eda96b098", "version": 1, "description": null }, "density": "sparse", "densityScore": 4, "componentCount": 2, "textChars": 27, "nDataPoints": 0, "notes": null, "elementsJson": null, "confidence": 1, "extraction": { "model": "google/gemini-2.5-flash", "runId": null, "at": "2026-05-02 08:36:21.32+00", "seconds": 3.042, "promptVersion": "v2-canon-conditioned" } }, "links": { "slide": "/slides/019de515-d28a-7590-8c60-0aff3f893be5/20", "deck": "/decks/019de515-d28a-7590-8c60-0aff3f893be5", "deckAnchor": "/decks/019de515-d28a-7590-8c60-0aff3f893be5#slide-20", "deckJson": "/decks/019de515-d28a-7590-8c60-0aff3f893be5.json" }, "components": [ { "bbox": { "h": 0.09166666666666666, "w": 0.30833333333333335, "x": 0.09083333333333334, "y": 0.4291666666666667 }, "kind": "image", "text": "READY CAPITAL", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.32+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "21f67836-17d9-4bae-8ae0-780b131301e6", "parentComponentId": null }, { "bbox": { "h": 0.10833333333333334, "w": 0.08333333333333333, "x": 0.09083333333333334, "y": 0.8375 }, "kind": "image", "text": "RC LISTED NYSE", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 08:36:21.32+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "f0cccab8-b47a-4b66-9087-fed5eed12ad9", "parentComponentId": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "locked": true } ], "arcBeats": [ { "from": 3, "to": 4, "label": "Problem", "description": "Slides 3-4 introduce the company's current situation and performance" }, { "from": 5, "to": 15, "label": "Financials", "description": "Slides 5-15 provide detailed financial information and metrics" }, { "from": 16, "to": 17, "label": "Solution", "description": "Slides 16-17 offer additional financial information and a financial snapshot" }, { "from": 18, "to": 19, "label": "Not explicitly mentioned but implied", "description": "Slides 18-19 provide a revenue buildup and distributable earnings reconciliation" } ], "loops": [ { "from": 5, "to": 9, "label": "Cost Of Inaction", "description": "Highlighting the benefits of Ready Capital's diversified platforms" }, { "from": 10, "to": 13, "label": "So What Cascade", "description": "Illustrating the impact of loan portfolio composition on financial performance" } ] }