Ready Capital (RC) Financial Statements
Price: $4.39
Market Cap: $754.32M
Avg Volume: 2.90M
Market Cap: $754.32M
Avg Volume: 2.90M
Country: US
Industry: REIT - Mortgage
Sector: Real Estate
Industry: REIT - Mortgage
Sector: Real Estate
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Ready Capital.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $-101.77M | $1.15B | $460.25M | $383.37M | $270.14M | $146.11M | $158.26M | $152.82M | $124.94M | $57.98M |
| Cost of Revenue | $- | $59.59M | $55.30M | $58.40M | $54.37M | $33.16M | $28.75M | $77.01M | $65.59M | $18.85M |
| Gross Profit | $-101.77M | $1.09B | $404.94M | $324.97M | $215.77M | $112.95M | $129.52M | $75.81M | $59.35M | $39.13M |
| Gross Profit Ratio | 100.00% | 94.80% | 87.98% | 84.77% | 79.87% | 77.30% | 81.84% | 49.61% | 47.50% | 67.49% |
| Research and Development Expenses | $- | $- | $9.00M | $7.97M | $6.72M | $4.83M | $0 | $0 | $0 | $2.41M |
| General and Administrative Expenses | $26.89M | $95.15M | $131.18M | $118.44M | $115.58M | $66.39M | $70.12M | $66.94M | $35.77M | $30.93M |
| Selling and Marketing Expenses | $- | $1.12M | $2.12M | $3.02M | $1.97M | $2.05M | $2.43M | $1.63M | $595.00K | $- |
| Selling General and Administrative Expenses | $26.89M | $96.27M | $131.18M | $118.44M | $115.58M | $66.39M | $70.12M | $66.94M | $35.77M | $30.93M |
| Other Expenses | $- | $- | $-91.23M | $-314.99M | $-332.46M | $-17.35M | $-13.66M | $-12.94M | $-8.96M | $-4.13M |
| Operating Expenses | $26.89M | $34.74M | $18.09M | $-196.55M | $-216.89M | $49.04M | $121.49M | $86.19M | $71.73M | $50.85M |
| Cost and Expenses | $27.35M | $94.33M | $18.09M | $-196.55M | $-216.89M | $49.04M | $121.49M | $163.19M | $137.33M | $69.70M |
| Interest Income | $896.98M | $945.81M | $671.17M | $403.50M | $258.64M | $229.92M | $169.50M | $138.31M | $137.02M | $37.80M |
| Interest Expense | $696.46M | $716.47M | $400.77M | $213.56M | $175.48M | $151.88M | $109.24M | $74.65M | $57.77M | $18.85M |
| Depreciation and Amortization | $- | $20.23M | $230.66M | $286.83M | $407.92M | $172.70M | $255.62M | $232.21M | $109.70M | $933.81K |
| EBITDA | $- | $899.56M | $644.83M | $186.83M | $53.25M | $62.42M | $128.82M | $- | $55.56M | $-30.97M |
| EBITDA Ratio | 0.00% | 78.54% | 140.10% | 48.73% | 19.71% | 42.72% | 81.40% | 0.00% | 44.47% | -53.41% |
| Operating Income | $-412.00M | $879.33M | $624.77M | $186.83M | $53.25M | $62.42M | $-121.49M | $-51.83M | $-303.00K | $-31.90M |
| Operating Income Ratio | 404.85% | 76.77% | 135.75% | 48.73% | 19.71% | 42.72% | -76.77% | -33.92% | -0.24% | -55.02% |
| Total Other Income Expenses Net | $-104.51M | $-520.91M | $-16.02M | $224.04M | $-212.57M | $-69.53M | $-28.04M | $1.84M | $9.65M | $18.93B |
| Income Before Tax | $-516.51M | $358.42M | $232.90M | $189.06M | $54.45M | $64.50M | $62.84M | $47.65M | $65.22M | $3.00M |
| Income Before Tax Ratio | 507.55% | 31.29% | 50.60% | 49.31% | 20.16% | 44.15% | 39.71% | 31.18% | 52.20% | 5.17% |
| Income Tax Expense | $-104.51M | $7.17M | $29.73M | $29.08M | $8.38M | $-10.55M | $1.39M | $1.84M | $9.65M | $4.42M |
| Net Income | $-443.75M | $339.45M | $194.26M | $157.74M | $44.87M | $72.97M | $59.26M | $43.29M | $49.17M | $-1.26M |
| Net Income Ratio | 436.05% | 29.64% | 42.21% | 41.15% | 16.61% | 49.94% | 37.44% | 28.33% | 39.35% | -2.17% |
| EPS | $-2.62 | $2.26 | $1.65 | $2.06 | $0.81 | $1.72 | $1.85 | $1.38 | $1.85 | $-0.05 |
| EPS Diluted | $-2.60 | $2.23 | $1.51 | $2.06 | $0.81 | $1.72 | $1.85 | $1.38 | $1.85 | $-0.04 |
| Weighted Average Shares Outstanding | 169.11M | 146.84M | 106.88M | 68.51M | 53.74M | 42.01M | 32.09M | 31.35M | 26.65M | 27.90M |
| Weighted Average Shares Outstanding Diluted | 170.47M | 148.57M | 117.19M | 68.66M | 53.82M | 42.05M | 32.10M | 31.37M | 26.65M | 31.14M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $143.80M | $138.53M | $163.04M | $229.53M | $138.97M | $67.93M | $54.41M | $63.42M | $59.57M | $20.79M |
| Short Term Investments | $- | $2.40M | $118.64M | $53.32M | $32.20M | $95.28M | $94.01M | $7.25M | $319.98M | $12.80B |
| Cash and Short Term Investments | $143.80M | $138.53M | $281.68M | $229.53M | $138.97M | $67.93M | $54.41M | $63.42M | $379.55M | $20.79M |
| Net Receivables | $247.62M | $131.29M | $8.25M | $7.87M | $17.31M | $43.27M | $23.43M | $23.21M | $39.85M | $- |
| Inventory | $- | $- | $117.10M | $42.29M | $45.35M | $58.57M | $14.54M | $-7.25M | $3.93M | $8.22M |
| Other Current Assets | $- | $- | $- | $- | $- | $- | $1.41B | $- | $- | $4.37M |
| Total Current Assets | $143.80M | $272.89M | $289.93M | $237.40M | $156.28M | $111.19M | $1.49B | $81.58M | $399.74M | $25.17M |
| Property Plant Equipment Net | $7.36M | $2.54M | $1.69M | $2.40M | $3.17M | $4.53M | $24.00M | $1.36B | $-2.61B | $1.27M |
| Goodwill | $49.50M | $38.53M | $37.82M | $31.47M | $11.21M | $11.21M | $- | $- | $- | $14.18M |
| Intangible Assets | $165.45M | $120.59M | $279.32M | $204.60M | $114.66M | $121.97M | $120.06M | $94.04M | $87.49M | $53.09M |
| Goodwill and Intangible Assets | $214.95M | $159.12M | $279.32M | $204.60M | $114.66M | $121.97M | $120.06M | $94.04M | $87.49M | $67.27M |
| Long Term Investments | $288.38M | $7.06B | $153.99M | $240.64M | $167.52M | $151.32M | $125.38M | $95.29M | $352.38M | $122.14M |
| Tax Assets | $- | $- | $977.00K | $3.60M | $18.40M | $31.80M | $18.08M | $17.16M | $2.61B | $-1.27M |
| Other Non-Current Assets | $-7.36M | $-7.22B | $-2.66M | $-3.60M | $-18.40M | $-31.80M | $1.26B | $875.16M | $1.77B | $560.56M |
| Total Non-Current Assets | $503.32M | $7.83B | $433.31M | $447.64M | $285.36M | $277.82M | $1.55B | $2.44B | $2.21B | $749.97M |
| Other Assets | $9.49B | $4.34B | $10.90B | $8.85B | $4.93B | $4.59B | $- | $- | $- | $- |
| Total Assets | $10.14B | $12.44B | $11.62B | $9.53B | $5.37B | $4.98B | $3.04B | $2.52B | $2.61B | $775.14M |
| Account Payables | $53.33M | $41.62M | $47.95M | $41.38M | $27.01M | $31.45M | $24.83M | $15.98M | $15.34M | $15.10M |
| Short Term Debt | $317.05M | $149.92M | $128.88M | $471.88M | $542.95M | $380.20M | $88.39M | $101.10M | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $-48.69M | $- | $- | $- |
| Other Current Liabilities | $67.47M | $153.58M | $280.93M | $142.70M | $-569.96M | $-411.65M | $175.64M | $129.99M | $1.13B | $678.16M |
| Total Current Liabilities | $437.85M | $345.13M | $457.75M | $655.96M | $678.61M | $477.61M | $86.86M | $86.92M | $81.71M | $22.13M |
| Long Term Debt | $17.81M | $7.09B | $6.35B | $4.46B | $2.75B | $2.75B | $1.82B | $1.78B | $1.22B | $353.30M |
| Deferred Revenue Non-Current | $- | $- | $9.72B | $286.00K | $10.70M | $4.13B | $57.83M | $-18.22M | $107.92M | $99.04M |
| Deferred Tax Liabilities Non-Current | $- | $- | $30.89M | $11.99M | $16.84M | $18.76M | $19.97M | $18.51M | $632.00K | $3.56M |
| Other Non-Current Liabilities | $7.74B | $11.27M | $2.89B | $2.51B | $-2.78B | $-2.76B | $344.67M | $86.95M | $-312.75M | $803.01M |
| Total Non-Current Liabilities | $7.76B | $7.11B | $9.26B | $6.99B | $4.15B | $3.95B | $2.39B | $1.88B | $1.97B | $575.23M |
| Other Liabilities | $8.36M | $2.34B | $- | $610.98M | $-289.01M | $-294.45M | $- | $- | $- | $- |
| Total Liabilities | $8.21B | $9.79B | $9.72B | $8.25B | $4.54B | $4.13B | $2.47B | $1.97B | $2.05B | $597.36M |
| Preferred Stock | $8.36M | $119.74M | $119.74M | $111.38M | $- | $8.75M | $5.27M | $- | $- | $125.00K |
| Common Stock | $17.00K | $17.00K | $11.00K | $8.00K | $5.00K | $5.00K | $3.00K | $3.00K | $3.00K | $798 |
| Retained Earnings | $-505.09M | $124.41M | $4.99M | $8.60M | $-24.20M | $8.75M | $5.27M | $-3.38M | $-201.00K | $-4.98M |
| Accumulated Other Comprehensive Income Loss | $-18.55M | $-17.86M | $-9.37M | $-5.73M | $-9.95M | $-6.18M | $-922.00K | $555.47M | $552.10M | $-0 |
| Other Total Stockholders Equity | $2.35B | $2.32B | $1.68B | $1.16B | $849.54M | $822.84M | $540.48M | $539.46M | $513.29M | $447.09M |
| Total Stockholders Equity | $1.84B | $2.55B | $1.80B | $1.28B | $815.40M | $825.41M | $544.83M | $536.07M | $513.10M | $159.22M |
| Total Equity | $1.94B | $2.65B | $1.90B | $1.28B | $834.21M | $844.78M | $564.08M | $555.47M | $552.10M | $177.78M |
| Total Liabilities and Stockholders Equity | $10.14B | $12.44B | $11.62B | $9.53B | $5.37B | $4.98B | $3.04B | $2.52B | $2.61B | $775.14M |
| Minority Interest | $97.70M | $98.46M | $99.15M | $4.49M | $18.81M | $19.37M | $19.24M | $19.39M | $39.01M | $18.55M |
| Total Liabilities and Total Equity | $10.14B | $12.44B | $11.62B | $9.53B | $5.37B | $4.98B | $3.04B | $2.52B | $2.61B | $775.14M |
| Total Investments | $288.38M | $7.06B | $272.63M | $240.64M | $167.52M | $151.32M | $125.38M | $95.29M | $672.36M | $12.93B |
| Total Debt | $437.85M | $7.24B | $9.19B | $6.97B | $4.12B | $3.93B | $2.31B | $1.78B | $1.22B | $454.07M |
| Net Debt | $294.04M | $7.11B | $9.03B | $6.74B | $3.98B | $3.86B | $2.25B | $1.71B | $1.16B | $433.27M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-430.40M | $351.25M | $203.16M | $159.97M | $46.07M | $75.06M | $61.46M | $45.81M | $55.56M | $-1.42M |
| Depreciation and Amortization | $- | $- | $25.07M | $16.01M | $10.83M | $6.25M | $15.47M | $14.53M | $1.48M | $933.81K |
| Deferred Income Tax | $- | $- | $-25.07M | $-16.01M | $-10.83M | $-6.25M | $-95.98M | $-108.50M | $- | $- |
| Stock Based Compensation | $8.12M | $7.55M | $7.50M | $6.92M | $5.30M | $1.48M | $447.00K | $290.00K | $- | $- |
| Change in Working Capital | $-134.79M | $-83.25M | $-28.29M | $-17.25M | $71.90M | $-15.17M | $-12.58M | $20.28M | $-25.59M | $8.72M |
| Accounts Receivables | $- | $- | $-3.73M | $8.14M | $11.77M | $5.08M | $-2.13M | $464.00K | $-21.82M | $-1.98M |
| Inventory | $- | $- | $- | $-29.61M | $-55.15M | $-29.90M | $- | $- | $- | $- |
| Accounts Payables | $- | $55.84M | $-58.42M | $29.61M | $43.38M | $24.82M | $-11.90M | $33.71M | $-12.24M | $7.10M |
| Other Working Capital | $-134.79M | $-139.09M | $33.87M | $-25.39M | $71.90M | $-15.17M | $-684.00K | $-13.43M | $-13.35M | $1.61M |
| Other Non Cash Items | $843.47M | $-221.48M | $176.78M | $-184.09M | $-54.38M | $-113.75M | $171.49M | $379.79M | $-16.69M | $-31.31M |
| Net Cash Provided by Operating Activities | $286.40M | $54.06M | $359.15M | $-34.44M | $68.89M | $-52.40M | $140.30M | $352.49M | $14.76M | $-23.08M |
| Investments in Property Plant and Equipment | $- | $- | $- | $-3.70B | $- | $-894.00K | $-362.00K | $- | $65.94M | $14.24M |
| Acquisitions Net | $-44.37M | $38.71M | $123.71M | $-11.54M | $- | $-5.00M | $20.88M | $- | $34.93M | $1.68M |
| Purchases of Investments | $- | $-25.33M | $-128.24M | $-59.71M | $-23.71M | $-26.66M | $362.00K | $-54.32M | $-17.39M | $-23.39M |
| Sales Maturities of Investments | $- | $8.06M | $214.22M | $2.02B | $978.66M | $15.58M | $799.06M | $436.44M | $303.88M | $50.63M |
| Other Investing Activities | $1.58B | $998.00M | $-1.77B | $41.75M | $-1.01B | $-1.20B | $-1.40B | $-624.36M | $-2.67M | $2.77M |
| Net Cash Used for Investing Activities | $1.54B | $1.02B | $-1.56B | $-1.72B | $-59.44M | $-1.21B | $-580.76M | $-242.23M | $384.69M | $45.94M |
| Debt Repayment | $-1.54B | $-855.05M | $1.44B | $1.98B | $130.28M | $1.30B | $432.24M | $-58.12M | $-332.89M | $182.89M |
| Common Stock Issued | $- | $108.00K | $123.49M | $165.05M | $13.41M | $91.39M | $86.00K | $- | $- | $- |
| Common Stock Repurchased | $-82.25M | $-18.11M | $-36.97M | $- | $-10.52M | $- | $-103.00K | $- | $- | $- |
| Dividends Paid | $-206.06M | $-215.09M | $-187.83M | $-111.92M | $-56.88M | $-63.33M | $-51.32M | $-48.26M | $-46.87M | $-14.24M |
| Other Financing Activities | $-54.07M | $-45.16M | $-166.26M | $-104.67M | $-14.47M | $-29.39M | $63.45M | $-56.00K | $-1.69M | $-2.70M |
| Net Cash Used Provided by Financing Activities | $-1.88B | $-1.13B | $1.17B | $1.88B | $63.05M | $1.30B | $444.48M | $-106.40M | $-381.46M | $-35.85M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-79.73M | $-11.10M | $-26.30M | $122.85M | $72.50M | $33.01M | $4.02M | $3.86M | $18.00M | $-13.00M |
| Cash at End of Period | $182.77M | $262.51M | $297.03M | $323.33M | $200.48M | $127.98M | $94.97M | $63.42M | $59.57M | $20.79M |
| Cash at Beginning of Period | $262.51M | $273.60M | $323.33M | $200.48M | $127.98M | $94.97M | $90.95M | $59.57M | $41.57M | $33.79M |
| Operating Cash Flow | $286.40M | $51.13M | $359.15M | $-34.44M | $68.89M | $-52.40M | $140.30M | $352.49M | $14.76M | $-23.08M |
| Capital Expenditure | $- | $- | $- | $-3.70B | $- | $-894.00K | $-362.00K | $- | $65.94M | $14.24M |
| Free Cash Flow | $286.40M | $54.06M | $359.15M | $-3.74B | $68.89M | $-53.29M | $139.94M | $352.49M | $80.71M | $-8.84M |