Ready Capital (RC)
Originates, acquires, finances, and services lower-market CRE and government-guaranteed business loans.
$1.55
vs last close−0.11 (−6.63%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 102 | 60 | −67 | −25 | 62 | 58 | −74 | −12 | 171 | 124 | 45 | 69 |
| Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 165 | 261 | 49 | 7 |
| Gross profit | 102 | 60 | −67 | −25 | 62 | 58 | −74 | −23 | 6 | −137 | −4 | 62 |
| 102 | 60 | −67 | −25 | 62 | 58 | −74 | 41 | 33 | 127 | 117 | 93 | |
| Research & development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 |
| 24 | 7 | 22 | 23 | 27 | 28 | 26 | 12 | 26 | 30 | 29 | 39 | |
| Selling & marketing | 0 | −1 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 28 |
| General & administrative | 24 | 7 | 22 | 23 | 26 | 27 | 25 | 11 | 25 | 29 | 29 | 11 |
| Other expenses | 78 | 53 | −89 | −48 | 35 | 30 | −100 | 27 | 7 | 97 | 88 | 53 |
| Operating income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −65 | −27 | −264 | −121 | −30 |
| 46 | 11 | −106 | −80 | −16 | −315 | 77 | −24 | 0 | −107 | −96 | −83 | |
| Interest income | 251 | 245 | 232 | 234 | 227 | 204 | 155 | 153 | 137 | 124 | 82 | 77 |
| Interest expense | 192 | 192 | 184 | 183 | 176 | 154 | 140 | 136 | 127 | 111 | 97 | 83 |
| Other non-operating income | 0 | −203 | −78 | −103 | −160 | 161 | −218 | −65 | 0 | −111 | −1 | 0 |
| Income before tax | 46 | 11 | −106 | −80 | −16 | −315 | 77 | −89 | −27 | −264 | −217 | −113 |
| Income tax expense | 3 | −2 | −30 | −49 | −8 | −17 | −5 | −40 | −10 | −32 | −17 | −13 |
| Net income from continuing operations | 44 | 14 | −76 | −31 | −7 | −298 | 82 | −49 | −17 | −233 | −200 | −100 |
| Discontinued operations | 4 | 0 | 1 | −3 | 0 | −17 | 0 | −5 | 0 | 0 | 0 | 0 |
| Other adjustments | 0 | −3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 46 | 10 | −74 | −36 | −9 | −316 | 80 | −55 | −19 | −234 | −202 | −102 |
| EPS, basic | $0.25 | $0.04 | −$0.44 | −$0.23 | −$0.07 | −$1.90 | $0.47 | −$0.34 | −$0.13 | −$1.44 | −$1.25 | −$0.62 |
| EPS, diluted | $0.25 | $0.04 | −$0.44 | −$0.22 | −$0.07 | −$1.89 | $0.46 | −$0.34 | −$0.13 | −$1.42 | −$1.25 | −$0.62 |
| Weighted average shares, basic | 172 | 172 | 172 | 169 | 168 | 167 | 165 | 168 | 165 | 162 | 164 | 164 |
| Weighted average shares, diluted | 174 | 172 | 173 | 170 | 170 | 169 | 168 | 171 | 168 | 164 | 168 | 171 |
| EBITDA | 0 | 211 | 81 | 103 | 168 | −150 | 226 | 16 | −24 | −152 | −107 | −7 |
| Depreciation & amortization | 0 | 7 | 3 | 0 | 9 | 11 | 8 | 16 | 3 | 2 | 13 | 23 |
| EBIT | 0 | 203 | 78 | 103 | 160 | −161 | 218 | −89 | −27 | −153 | −120 | −30 |
