RC.PRE Stock Financial Analysis - Ready Capital Corporation

Overview

Ready Capital Corporation, based in the United States, operates within the financial sector, primarily focused on real estate and capital markets. As a real estate finance company, it specializes in providing small to medium balance commercial loans. Ready Capital distinguishes itself by offering financing solutions for a wide array of property types, including multifamily, office, retail, and industrial assets. The company’s key projects typically involve originating, acquiring, financing, and managing a portfolio of commercial loans, aiming to generate risk-adjusted returns for its investors. Ready Capital’s strategy enables it to capitalize on market inefficiencies and credit dislocations, thereby delivering substantial value through a variety of investment avenues.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Ready Capital Corporation - Preferred Stock as of June 30, 2025 is -127.02 MM.
The operating income for Ready Capital Corporation - Preferred Stock as of June 30, 2025 is -427.14 MM.
The net income for Ready Capital Corporation - Preferred Stock as of June 30, 2025 is -301.44 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	-127.02	-427.14	-301.44
2025-03-31	-112.48	-408.53	-281.97
2024-12-31	-184.52	-462.46	-435.75
2024-09-30	120.87	-117.77	-109.85
2024-06-30	215.03	-13.09	-54.88
2024-03-31	304.27	58.54	230.02
2023-12-31	426.58	169.88	339.45
2023-09-30	280.94	88.22	341.14
2023-06-30	309.36	101.42	358.71
2023-03-31	352.46	145.41	165.92
2022-12-31	404.04	192.69	194.26
2022-09-30	572.21	298.63	236.03
2022-06-30	566.61	281.30	218.57
2022-03-31	557.92	247.98	192.94
2021-12-31	337.88	146.44	157.74
2021-09-30	499.67	176.34	131.44
2021-06-30	488.82	162.40	120.22
2021-03-31	507.88	159.15	123.61
2020-12-31	405.06	54.52	44.87
2020-09-30	369.90	43.80	38.39
2020-06-30
2020-03-31

Income Statement: EPS

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30
2025-03-31
2024-12-31
2024-09-30	-0.70	-0.70
2024-06-30	-0.37	-0.37
2024-03-31	1.36	1.34
2023-12-31	2.25	2.22
2023-09-30	2.52	2.48
2023-06-30	2.98	2.88
2023-03-31	1.39	1.35
2022-12-31	1.73	1.65
2022-09-30	2.32	2.20
2022-06-30	2.40	2.31
2022-03-31	2.39	2.34
2021-12-31	2.17	2.16
2021-09-30	1.96	1.95
2021-06-30	1.95	1.95
2021-03-31	2.22	2.22
2020-12-31	0.81	0.81
2020-09-30	0.71	0.71
2020-06-30	0.30	0.29
2020-03-31	-0.17	-0.17

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Ready Capital Corporation - Preferred Stock as of June 30, 2025 is 258.51 MM.
The cash from investing activities for Ready Capital Corporation - Preferred Stock as of June 30, 2025 is 1,699.04 MM.
The cash from financing activities for Ready Capital Corporation - Preferred Stock as of June 30, 2025 is -2,040.21 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	258.51	1,699.04	-2,040.21
2025-03-31	359.83	1,537.46	-1,875.04
2024-12-31	274.81	1,535.02	-1,879.78
2024-09-30	216.00	1,427.22	-1,700.87
2024-06-30	38.40	1,310.82	-1,433.03
2024-03-31	75.49	1,276.37	-1,347.50
2023-12-31	51.13	1,019.44	-1,085.09
2023-09-30	297.77	617.31	-922.39
2023-06-30	317.20	451.38	-624.69
2023-03-31	343.50	-385.57	-11.31
2022-12-31	359.15	-1,556.43	1,170.98
2022-09-30	188.28	-1,849.31	1,695.50
2022-06-30	23.81	-2,061.89	2,011.11
2022-03-31	30.50	-2,630.83	2,528.37
2021-12-31	-34.44	-1,718.40	1,875.69
2021-09-30	-11.41	-1,504.33	1,576.82
2021-06-30	41.80	-1,252.76	1,133.61
2021-03-31	118.70	-125.52	154.86
2020-12-31	68.89	-59.44	63.05
2020-09-30	12.21	-300.24	406.63
2020-06-30
2020-03-31

Valuation Metrics : PE, PriceToBook, PriceToTBV

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30
2021-03-31
2020-12-31
2020-09-30
2020-06-30
2020-03-31

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30
2021-03-31
2020-12-31
2020-09-30
2020-06-30
2020-03-31

Management Effectiveness

The roa for Ready Capital Corporation - Preferred Stock as of June 30, 2025 is -0.02.
The roe for Ready Capital Corporation - Preferred Stock as of June 30, 2025 is -0.12.
The roic for Ready Capital Corporation - Preferred Stock as of June 30, 2025 is -0.03.
The croic for Ready Capital Corporation - Preferred Stock as of June 30, 2025 is 0.00.
The ocroic for Ready Capital Corporation - Preferred Stock as of June 30, 2025 is 0.03.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	-0.02	-0.12	-0.03	0.00	0.03
2025-03-31	-0.04	-0.17	-0.04	-0.01	0.03
2024-12-31	-0.01	-0.04	-0.01	-0.01	0.02
2024-09-30	-0.00	-0.02	-0.00	-0.01	0.00
2024-06-30	0.02	0.12	0.02	0.00	0.01
2024-03-31	0.03	0.18	0.03	-0.00	0.00
2023-12-31	0.03	0.17	0.03	-0.00	0.02
2023-09-30	0.03	0.18	0.03	0.01	0.03
2023-06-30	0.01	0.08	0.03	0.01	0.03
2023-03-31	0.02	0.10	0.01	-0.00	0.03
2022-12-31	0.03	0.19	0.02	0.00	0.01
2022-09-30	0.02	0.18	0.02	0.00	0.01
2022-06-30	0.02	0.15	0.02	-0.00	0.00
2022-03-31	0.02	0.16	0.02	-0.01	0.00
2021-12-31	0.02	0.19	0.02	0.01	-0.00
2021-09-30	0.02	0.16	0.01	0.01	0.00
2021-06-30	0.02	0.15	0.01	-0.01	0.00
2021-03-31	0.02	0.16	0.02	0.02	0.02
2020-12-31	0.01	0.05	0.01	0.01	0.01
2020-09-30	0.01	0.05	0.01	0.02	0.00
2020-06-30	0.00	0.02	0.00	0.06	0.01
2020-03-31	-0.00	-0.01	-0.00	0.02	-0.03

Gross Margins

The gross margin for Ready Capital Corporation - Preferred Stock as of June 30, 2025 is 1.46.
The net margin for Ready Capital Corporation - Preferred Stock as of June 30, 2025 is 2.61.
The operating margin for Ready Capital Corporation - Preferred Stock as of June 30, 2025 is 3.65.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	1.46	2.61	3.65
2025-03-31	1.25	2.34	2.49
2024-12-31	0.67	-0.85	-1.42
2024-09-30	0.80	-0.24	-0.33
2024-06-30	0.85	0.75	0.05
2024-03-31	0.91	0.79	0.39
2023-12-31	0.86	0.75	0.37
2023-09-30	0.86	0.79	0.38
2023-06-30	0.89	0.79	0.38
2023-03-31	0.91	0.35	0.42
2022-12-31	0.90	0.41	0.51
2022-09-30	0.88	0.41	0.51
2022-06-30	0.83	0.38	0.48
2022-03-31	0.79	0.35	0.44
2021-12-31	0.77	0.31	0.40
2021-09-30	0.75	0.26	0.35
2021-06-30	0.75	0.24	0.33
2021-03-31	0.72	0.24	0.31
2020-12-31	0.63	0.11	0.15
2020-09-30	0.65	0.10	0.13
2020-06-30	0.62	0.05	0.05
2020-03-31	0.59	-0.03	-0.08

RC.PRE Stock Financial Analysis - Ready Capital Corporation - Preferred Stock (NYSE) Stock