RCD (Ready Capital Corporation Notes -15.12.29) Stock Financials & Earnings

RCDReady Capital Corporation Notes -15.12.29

Mkt Cap$3B

Real Estate·REIT - Mortgage·🇺🇸 United States·NYSE

Revenue (TTM)$499M

Net Income (TTM)-$229M

EPS (TTM)-$1.44

Free Cash Flow (TTM)$456M

Gross Margin7.4%

Op. Margin-46.4%

Net Margin-45.8%

FCF Margin91.3%

P/S Ratio (TTM)6.9x

P/E Ratio (TTM)—

YoY Rev Growth+1726.0%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$80M	$80M	$0
Q2 23	$96M	$96M	$0
Q3 23	$102M	$102M	$0
Q4 23	$60M	$60M	$0
Q1 24	-$67M	-$67M	$0
Q2 24	-$25M	-$25M	$0
Q3 24	$62M	$62M	$0
Q4 24	$58M	$58M	$0
Q1 25	-$74M	-$74M	$0
Q2 25	-$12M	-$23M	-$65M
Q3 25	$19M	$9M	-$31M
Q4 25	$567M	$125M	-$137M

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	—	$23M	$312K
Q2 23	—	$27M	$220K
Q3 23	—	$24M	$376K
Q4 23	—	$7M	—
Q1 24	—	$22M	$399K
Q2 24	—	$23M	$350K
Q3 24	—	$26M	$750K
Q4 24	—	$27M	$506K
Q1 25	—	$25M	$363K
Q2 25	$3M	$11M	$340K
Q3 25	$3M	$11M	$357K
Q4 25	—	$13M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$111M	$0	$111M
Q2 23	$228M	$0	$228M
Q3 23	$205M	$9M	$214M
Q4 23	$139M	$2M	$142M
Q1 24	$166M	$0	$166M
Q2 24	$226M	$0	$226M
Q3 24	$181M	$0	$181M
Q4 24	$144M	$0	$144M
Q1 25	$206M	$0	$206M
Q2 25	$163M	$0	$163M
Q3 25	$148M	$0	$148M
Q4 25	$248M	$0	$248M

Shares Outstanding