RC - Ready Capital Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$2.50
DETAILS
HIGH:
$2.50
LOW:
$2.50
MEDIAN:
$2.50
CONSENSUS:
$2.50
UPSIDE:
38.12%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 499.5 | 27.4 | 389.9 | 383.3 | 296.3 | 384.7 | 197.9 | 158.3 | 152.8 | 124.9 | 58.0 | 49.7 | 16.3 | 24.4 |
| Cost of Revenue | 61.6 | 0 | 0 | 0 | 0 | 0 | 0 | 28.7 | 77.0 | 65.6 | 18.8 | 17.3 | 7.1 | 1.4 |
| Gross Profit | 437.9 | 27.4 | 389.9 | 383.3 | 296.3 | 384.7 | 197.9 | 129.5 | 75.8 | 59.3 | 39.1 | 32.4 | 9.2 | 23.1 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.4 | 2.7 | 0 | 0 |
| SG&A Expenses | 30.8 | 98.7 | 96.3 | 87.9 | 71.7 | 102.3 | 61.1 | 65.5 | 65.2 | 35.8 | 30.9 | 17.1 | 2.6 | 0.2 |
| Other Expenses | 286.1 | (71.4) | 293.7 | 295.5 | 224.6 | 282.3 | 136.8 | (13.7) | (12.9) | (9.0) | (4.1) | (1.7) | 7.0 | (1.8) |
| Operating Expenses | 316.9 | 27.4 | 389.9 | 383.3 | 296.3 | 384.7 | 197.9 | 121.5 | 86.2 | 71.7 | 50.9 | 14.5 | 9.6 | 2.4 |
| Operating Income | ||||||||||||||
| Operating Income | 121.0 | 0 | 0 | 0 | 0 | 0 | 0 | (121.5) | (51.8) | (0.3) | (31.9) | 5.3 | 9.7 | 3.8 |
| Interest Expense | 514.1 | 696.5 | 716.5 | 400.8 | 213.6 | 175.5 | 151.9 | 109.2 | 74.6 | 0 | 18.8 | 0 | 0 | 1.4 |
| Interest Income | 569.2 | 897.0 | 945.8 | 671.2 | 403.5 | 258.6 | 229.9 | 169.5 | 138.3 | 137.0 | 37.8 | 41.6 | 26.4 | 9.4 |
| Profitability | ||||||||||||||
| EBITDA | 214.4 | 0 | 0 | 0 | 0 | 0 | 0 | 128.8 | 0 | 55.6 | (31.0) | 46.4 | 9.7 | 5.7 |
| EBIT | 211.6 | 0 | 0 | 0 | 0 | 0 | 0 | 51.1 | (24.9) | (0.3) | (31.9) | 9.9 | 7.6 | 22.1 |
| Income Before Tax | (302.6) | (516.5) | 358.4 | 175.0 | 132.2 | 54.5 | 64.5 | 62.8 | 47.7 | 65.2 | 3.0 | 29.0 | 7.6 | 20.3 |
| Income Tax Expense | (86.7) | (104.5) | 7.2 | 15.5 | 14.9 | 8.4 | (10.6) | 1.4 | 1.8 | 9.7 | 4.4 | (0.9) | 0.9 | 0.4 |
| Net Income | (228.9) | (435.8) | 339.5 | 194.3 | 157.7 | 44.9 | 73.0 | 59.3 | 43.3 | 49.2 | (1.3) | 26.7 | 6.7 | 19.9 |
| Per Share Data | ||||||||||||||
| EPS (Basic) | -1.44 | -2.63 | 2.26 | 1.32 | 2.17 | 0.81 | 1.72 | 1.85 | 1.38 | 1.85 | -0.05 | 0.96 | 0.26 | 0.71 |
| EPS (Diluted) | -1.44 | -2.63 | 2.23 | 1.51 | 1.54 | 0.81 | 1.72 | 1.85 | 1.38 | 1.85 | -0.04 | 0.72 | 0.23 | 0.71 |
| Shares Outstanding | 164.5 | 169.1 | 146.8 | 106.9 | 68.5 | 53.7 | 42.0 | 32.1 | 31.4 | 26.6 | 27.9 | 27.9 | 25.5 | 27.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 247.6 | 143.8 | 138.5 | 163.0 | 229.5 | 139.0 | 67.9 | 54.4 | 63.4 | 59.6 |
| Short-Term Investments | 0 | 0 | 2.4 | 118.6 | 0 | 0 | 0 | 0 | 0 | 320.0 |
| Net Receivables | 96.2 | 247.6 | 131.3 | 10,080.2 | 82.8 | 41.1 | 68.0 | 23.4 | 23.2 | 39.9 |
| Inventory | 0 | 0 | (129.9) | 117.1 | (53.3) | 0 | (95.3) | 14.5 | (7.2) | 3.9 |
| Other Current Assets | (135.9) | (391.4) | 123.3 | (10,189.1) | (21.6) | 0 | 70.6 | 1,411.8 | 0 | 0 |
| Total Current Assets | 207.8 | 0 | 272.9 | 289.9 | 237.4 | 41.1 | 111.2 | 1,489.6 | 81.6 | 399.7 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 0 | 7.4 | 2.5 | 1.7 | 2.4 | 3.2 | 4.5 | 24.0 | 1,360.3 | (2,605.3) |
| Goodwill | 49.5 | 49.5 | 38.5 | 37.8 | 31.5 | 11.2 | 11.2 | 0 | 0 | 0 |
| Intangible Assets | 164.5 | 165.4 | 120.6 | 102.6 | 219.4 | 121.6 | 130.3 | 120.1 | 94.0 | 87.5 |
| Long-Term Investments | 2,181.3 | 288.4 | 7,061.3 | 154.0 | 141.1 | 167.5 | 151.3 | 125.4 | 95.3 | 352.4 |
| Other Non-Current Assets | (2,395.3) | (510.7) | (6,127.6) | 136.3 | 49.6 | (36.6) | (31.8) | 1,259.7 | 875.2 | 1,765.7 |
| Total Non-Current Assets | 0 | 0 | 933.8 | 433.3 | 447.6 | 285.4 | 277.8 | 1,547.3 | 2,441.9 | 2,205.5 |
| Total Assets | 7,769.8 | 10,141.9 | 12,441.2 | 11,621.0 | 9,534.0 | 5,372.1 | 4,977.0 | 3,036.8 | 2,523.5 | 2,605.3 |
| Current Liabilities | ||||||||||
| Account Payables | 59.7 | 53.3 | 41.6 | 47.9 | 41.4 | 27.0 | 31.4 | 24.8 | 16.0 | 15.3 |
| Short-Term Debt | 200.1 | 317.0 | 149.9 | 996.6 | 2,107.9 | 999.5 | 380.2 | 88.4 | 101.1 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (48.7) | 0 | 0 |
| Other Current Liabilities | (114.6) | (465.7) | 49.2 | (691.5) | (1,593.0) | (550.8) | (47.0) | 138.2 | 83.2 | 1,073.5 |
| Total Current Liabilities | 200.1 | 0 | 345.1 | 457.8 | 656.0 | 570.0 | 411.7 | 86.9 | 86.9 | 81.7 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 5,671.5 | 5,700.3 | 7,086.0 | 8,339.4 | 5,807.9 | 3,121.3 | 2,740.9 | 1,819.3 | 1,775.7 | 1,217.5 |
| Deferred Tax Liabilities | 0 | 0 | 33.0 | 30.9 | 12.0 | 16.8 | 18.8 | 20.0 | 18.5 | 0.6 |
| Other Non-Current Liabilities | 238.0 | (5,718.1) | 11.3 | (6,376.0) | 2,514.6 | 0 | (2,764.3) | 344.7 | 87.0 | (312.8) |
| Total Non-Current Liabilities | 5,918.0 | 0 | 7,105.4 | 9,264.6 | 6,986.5 | 4,124.4 | 4,132.2 | 2,385.9 | 1,881.1 | 1,971.5 |
| Total Liabilities | 6,118.2 | 8,206.2 | 9,794.5 | 9,722.4 | 8,253.4 | 4,537.9 | 4,132.2 | 2,472.8 | 1,968.0 | 2,053.2 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (807.5) | (505.1) | 124.4 | 5.0 | 8.6 | (24.2) | 8.7 | 5.3 | (3.4) | (0.2) |
| Accumulated Other Comprehensive Income | (24.2) | (18.6) | (17.9) | (9.4) | (5.7) | (9.9) | (6.2) | (0.9) | 555.5 | 552.1 |
| Total Stockholders' Equity | 1,552.4 | 1,838.0 | 2,548.3 | 1,799.4 | 1,276.1 | 815.4 | 825.4 | 544.8 | 536.1 | 513.1 |
| Total Liabilities & Equity | 7,769.8 | 10,141.9 | 12,441.2 | 11,621.0 | 9,534.0 | 5,372.1 | 4,977.0 | 3,036.8 | 2,523.5 | 2,605.3 |
| Debt Metrics | ||||||||||
| Total Debt | 5,863.0 | 6,035.2 | 7,244.1 | 9,337.7 | 7,918.7 | 4,120.8 | 3,930.3 | 2,306.9 | 1,775.7 | 1,217.5 |
| Net Debt | 5,615.4 | 5,891.4 | 7,105.6 | 9,026.5 | 6,744.7 | 3,981.8 | 3,862.4 | 2,252.5 | 1,712.2 | 1,157.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (224.4) | (418.5) | 341.0 | 203.2 | 160.0 | 46.1 | 75.1 | 61.5 | 45.8 | 55.6 |
| Depreciation & Amortization | 51.8 | 19.8 | 20.2 | 25.1 | 16.0 | 0 | 6.3 | 15.5 | 14.5 | 1.5 |
| Stock-Based Compensation | 0 | 0 | 0 | 7.5 | 6.9 | 5.3 | 1.5 | 0.4 | 0.3 | 0 |
| Change in Working Capital | (155.9) | (134.8) | (133.0) | (28.3) | (17.2) | 70.8 | (15.2) | (12.6) | 20.3 | (25.6) |
| Other Non-Cash Items | 125.0 | 482.3 | (195.2) | 176.8 | (184.1) | (53.3) | (113.8) | 171.5 | 379.8 | (16.7) |
| Operating Cash Flow | (203.5) | (51.2) | 33.1 | 359.1 | (34.4) | 68.9 | (52.4) | 140.3 | 352.5 | 14.8 |
| Investing Activities | ||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | (3,704.8) | 0 | (0.9) | (0.4) | 0 | 65.9 |
| Acquisitions | 16.0 | (44.4) | 38.7 | 123.7 | (11.5) | 0 | (5.0) | 20.9 | 0 | 34.9 |
| Purchases of Investments | (30.3) | (34.6) | (37.8) | (128.2) | (59.7) | (37.9) | (26.7) | 0.4 | (54.3) | (17.4) |
| Sales/Maturities of Investments | 105.8 | 80.8 | 93.6 | 214.2 | 2,015.9 | 12.5 | 15.6 | 799.1 | 436.4 | 303.9 |
| Other Investing Activities | 2,186.6 | 1,859.2 | 943.0 | (1,766.1) | 41.7 | (34.0) | (1,195.8) | (1,400.7) | (624.4) | (2.7) |
| Investing Cash Flow | 2,278.1 | 1,861.1 | 1,037.5 | (1,556.4) | (1,718.4) | (59.4) | (1,212.8) | (580.8) | (242.2) | 384.7 |
| Financing Activities | ||||||||||
| Net Debt Issuance | (1,850.3) | (1,549.6) | (887.3) | 1,438.6 | 1,984.2 | 130.3 | 1,299.5 | 432.2 | (58.1) | (332.9) |
| Stock Repurchased | (67.6) | (82.2) | (18.1) | (37.0) | (98.2) | (9.2) | 0 | (0.1) | 0 | 0 |
| Dividends Paid | (113.3) | (206.1) | (215.1) | (187.8) | (111.9) | (56.9) | (63.3) | (51.3) | (48.3) | (46.9) |
| Other Financing Activities | (6.4) | (41.9) | 35.3 | (166.3) | (63.4) | (14.5) | (29.4) | 63.6 | (0.1) | (1.6) |
| Financing Cash Flow | (2,037.7) | (1,879.8) | (1,085.1) | 1,171.0 | 1,875.7 | 63.1 | 1,298.2 | 444.5 | (106.4) | (381.5) |
| Cash Position | ||||||||||
| Net Change in Cash | 73.2 | 5.8 | (50.4) | (26.3) | 122.8 | 72.5 | 33.0 | 4.0 | 3.9 | 18.0 |
| Cash at Beginning | 174.4 | 168.6 | 219.0 | 323.3 | 200.5 | 128.0 | 95.0 | 91.0 | 59.6 | 41.6 |
| Cash at End | 247.6 | 174.4 | 168.6 | 297.0 | 323.3 | 200.5 | 128.0 | 95.0 | 63.4 | 59.6 |
| Free Cash Flow | (203.5) | (51.2) | 33.1 | 359.1 | (3,739.2) | 68.9 | (53.3) | 139.9 | 352.5 | 80.7 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 499.5 | 27.4 | 389.9 | 383.3 | 296.3 | 384.7 | 197.9 | 158.3 | 152.8 | 124.9 | 58.0 | 49.7 | 16.3 | 24.4 |
| Gross Profit | 437.9 | 27.4 | 389.9 | 383.3 | 296.3 | 384.7 | 197.9 | 129.5 | 75.8 | 59.3 | 39.1 | 32.4 | 9.2 | 23.1 |
| Operating Income | 121.0 | 0 | 0 | 0 | 0 | 0 | 0 | (121.5) | (51.8) | (0.3) | (31.9) | 5.3 | 9.7 | 3.8 |
| Net Income | (228.9) | (435.8) | 339.5 | 194.3 | 157.7 | 44.9 | 73.0 | 59.3 | 43.3 | 49.2 | (1.3) | 26.7 | 6.7 | 19.9 |
| EPS (Diluted) | -1.44 | -2.63 | 2.23 | 1.51 | 1.54 | 0.81 | 1.72 | 1.85 | 1.38 | 1.85 | -0.04 | 0.72 | 0.23 | 0.71 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 247.6 | 143.8 | 138.5 | 163.0 | 229.5 | 139.0 | 67.9 | 54.4 | 63.4 | 59.6 | ||||
| Total Assets | 7,769.8 | 10,141.9 | 12,441.2 | 11,621.0 | 9,534.0 | 5,372.1 | 4,977.0 | 3,036.8 | 2,523.5 | 2,605.3 | ||||
| Total Debt | 5,863.0 | 6,035.2 | 7,244.1 | 9,337.7 | 7,918.7 | 4,120.8 | 3,930.3 | 2,306.9 | 1,775.7 | 1,217.5 | ||||
| Stockholders' Equity | 1,552.4 | 1,838.0 | 2,548.3 | 1,799.4 | 1,276.1 | 815.4 | 825.4 | 544.8 | 536.1 | 513.1 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | (203.5) | (51.2) | 33.1 | 359.1 | (34.4) | 68.9 | (52.4) | 140.3 | 352.5 | 14.8 | ||||
| Capital Expenditure | 0 | 0 | 0 | 0 | (3,704.8) | 0 | (0.9) | (0.4) | 0 | 65.9 | ||||
| Free Cash Flow | (203.5) | (51.2) | 33.1 | 359.1 | (3,739.2) | 68.9 | (53.3) | 139.9 | 352.5 | 80.7 | ||||