RCDReady Capital Corporation Notes -15.12.29

$3B

Q2 2025 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

-$12M+52.5% YoY

Gross Profit

-$23M191.9% margin

Operating Income

-$65M536.8% margin

Net Income

-$55M461.8% margin

EPS (Diluted)

$-0.34

QoQ Revenue Growth

+83.8%

Cash Flow

Operating Cash Flow

-$61M

Free Cash Flow

-$61M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$9.3B

Total Liabilities

$7.4B

Stockholders' Equity

$1.8B

Cash & Equivalents

$163M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	-$12M	-$25M	+52.5%
Gross Profit	-$23M	-$25M	+8.8%
Operating Income	-$65M	$0	—
Net Income	-$55M	-$36M	-54.1%

RCD Q2 2025 Earnings — Ready Capital Corporation Notes -15.12.29 Revenue & Financial Results | Market Cap Arena