Ready Capital Corporation
RC
NYSE
2.62
USD+0.01(+0.19%)
As of today
Ready Capital Corporation fundamentals
RC Income Statement
| Period Ending | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 24,446,501 | 16,253,895 | 49,678,836 | 57,979,217 | 124,940,000 | 152,817,000 | 158,263,000 | 197,872,000 | 384,652,000 | 296,336,000 | 383,333,000 | 389,936,000 | 27,354,000 | |
| Cost of Revenue | 1,387,451 | 7,094,519 | 17,259,545 | 18,849,905 | 65,591,000 | 77,009,000 | 28,747,000 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Gross Profit | 23,059,050 | 9,159,376 | 32,419,291 | 39,129,312 | 59,349,000 | 75,808,000 | 129,516,000 | 197,872,000 | 384,652,000 | 296,336,000 | 383,333,000 | 389,936,000 | 27,354,000 | |
| Gross Profit Margin | 0.943 | 0.564 | 0.653 | 0.675 | 0.475 | 0.496 | 0.818 | 1 | 1 | 1 | 1 | 1 | 1 | |
| R&D Expenses | 0 | 0 | 2,740,000 | 2,414,000 | 0.368 | 0.17 | 0.205 | 0 | 0 | 0 | 0 | 0 | 0 | |
| General & Administrative Expenses | 228,359 | 2,580,480 | 16,924,000 | 30,934,727 | 35,765,000 | 63,585,000 | 63,089,000 | 59,062,000 | 100,339,000 | 70,396,000 | 87,156,000 | 95,149,000 | 96,735,000 | |
| Selling & Marketing Expenses | 0 | 0 | 170,000 | 0 | 0 | 1,629,000 | 2,433,000 | 2,052,000 | 1,970,000 | 1,341,000 | 706,000 | 1,120,000 | 2,005,000 | |
| SG&A Expenses | 228,359 | 2,580,480 | 17,094,000 | 30,934,727 | 35,765,000 | 65,214,000 | 65,522,000 | 61,114,000 | 102,309,000 | 71,737,000 | 87,862,000 | 96,269,000 | 98,740,000 | |
| Other Expenses | -1,827,350 | 7,023,609 | -1,684,373 | -4,128,476 | -8,960,000 | -12,943,000 | -13,663,000 | 136,758,000 | 282,343,000 | 224,599,000 | 295,471,000 | 293,667,000 | -71,386,000 | |
| Total Operating Expenses | 2,353,554 | 9,604,089 | 14,481,988 | 50,854,544 | 71,735,000 | 86,185,000 | 121,493,000 | 197,872,000 | 384,652,000 | 296,336,000 | 383,333,000 | 389,936,000 | 27,354,000 | |
| Total Costs & Expenses | 3,741,005 | 16,698,608 | 31,741,533 | 69,704,449 | 137,326,000 | 163,194,000 | 121,493,000 | 197,872,000 | 384,652,000 | 296,336,000 | 383,333,000 | 389,936,000 | 27,354,000 | |
| Interest Income | 9,398,319 | 26,418,327 | 41,592,747 | 37,802,556 | 137,023,000 | 138,305,000 | 169,499,000 | 229,916,000 | 258,636,000 | 403,496,000 | 671,170,000 | 945,814,000 | 896,975,000 | |
| Interest Expense | 1,387,451 | 0 | 0 | 18,849,905 | 0 | 74,646,000 | 109,238,000 | 151,880,000 | 175,481,000 | 213,561,000 | 400,774,000 | 716,468,000 | 696,455,000 | |
| Depreciation & Amortization | 1,827,350 | 6,196,000 | 154,010 | 933,812 | 109,705,000 | 232,212,000 | 255,621,000 | 0 | 0 | 0 | 0 | 0 | 0 | |
| EBITDA | 5,657,314 | 9,719,719 | 46,414,289 | -30,968,081 | 55,564,000 | 0 | 128,819,000 | 0 | 0 | 0 | 0 | 0 | 0 | |
| EBITDA Margin | 0.231 | 0.598 | 0.934 | -0.534 | 0.445 | 0 | 0.814 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Operating Income | 3,829,964 | 9,719,719 | 5,339,473 | -31,901,893 | -303,000 | -51,828,000 | -121,493,000 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Operating Income Margin | 0.157 | 0.598 | 0.107 | -0.55 | -0.002 | -0.339 | -0.768 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total Other Income/Expenses (Net) | 0 | -1,108,024 | 23,661,261 | 18,932,027,893 | 9,651,000 | 1,839,000 | -28,036,000 | 64,504,000 | 54,453,000 | 132,160,000 | 175,026,000 | 358,419,000 | -516,511,000 | |
| Income Before Tax | 20,265,597 | 7,553,465 | 29,000,734 | 2,996,197 | 65,215,000 | 47,653,000 | 62,843,000 | 64,504,000 | 54,453,000 | 132,160,000 | 175,026,000 | 358,419,000 | -516,511,000 | |
| Pre-Tax Income Margin | 0.829 | 0.465 | 0.584 | 0.052 | 0.522 | 0.312 | 0.397 | 0.326 | 0.142 | 0.446 | 0.457 | 0.919 | -18.882 | |
| Income Tax Expense | 362,324 | 880,358 | -850,996 | 4,415,474 | 9,651,000 | 1,839,000 | 1,386,000 | -10,552,000 | 8,384,000 | 14,859,000 | 15,475,000 | 7,174,000 | -104,512,000 | |
| Net Income | 19,903,273 | 6,673,107 | 26,741,970 | -1,260,709 | 49,169,000 | 43,290,000 | 59,258,000 | 72,968,000 | 44,870,000 | 157,744,000 | 194,263,000 | 339,451,000 | -435,755,000 | |
| Net Income Margin | 0.814 | 0.411 | 0.538 | -0.022 | 0.394 | 0.283 | 0.374 | 0.369 | 0.117 | 0.532 | 0.507 | 0.871 | -15.93 | |
| Earnings Per Share (EPS) | 0.71 | 0.26 | 0.96 | -0.045 | 1.85 | 1.38 | 1.85 | 1.72 | 0.81 | 2.17 | 1.32 | 2.26 | -2.63 | |
| Diluted Earnings Per Share (EPS) | 0.71 | 0.23 | 0.72 | -0.041 | 1.85 | 1.38 | 1.85 | 1.72 | 0.81 | 1.54 | 1.51 | 2.23 | -2.63 | |
| Weighted Average Shares Outstanding | 27,898,101 | 25,456,781 | 27,898,101 | 27,898,101 | 26,647,981 | 31,350,102 | 32,085,975 | 42,011,750 | 53,736,523 | 68,511,578 | 106,878,139 | 146,841,594 | 169,107,477 | |
| Weighted Average Shares Outstanding (Diluted) | 27,898,101 | 28,700,980 | 37,370,760 | 31,142,300 | 26,647,981 | 31,369,565 | 32,102,184 | 42,047,648 | 53,818,378 | 68,660,906 | 117,193,958 | 148,567,026 | 170,472,273 |