RCA Company Profile and Key Details

Over the trailing twelve months, Ready Capital 700% generated $1.14B in revenue, or $7.64 per share. Gross margin was 94.04%, operating margin 76.88%, and net profit margin 29.90%. Returns are modest, with ROA at 2.73% and ROE at 13.32%.
On valuation metrics, Ready Capital 700% trades at a P/E of -17.05, P/S of 0.00 and P/B of 2.62. Liquidity is tight, with a current ratio of 0.29 and quick ratio of 0.29. Debt-to-equity is 0.47, supported by a cash flow-to-debt ratio of 0.63.

For the quarter ended Dec 31, 2023, Ready Capital 700% posted revenue of $1.14B, down slightly from $259.52M in the prior quarter. Gross profit was $1.07B (margin 94.04%). Operating income was $872.66M (margin 76.9%). Net income was$339.45M (EPS $2.25).
The company ended the quarter with $168.60M in cash and short-term investments, a total debt of $9.22B, and net debt of $9.06B. Total assets were $12.44B, with equity of $2.65B. Financials further reflected stability, with operating cash flow of $54.06M, free cash flow of $983.11M, and capital expenditures of $929.05M.