Ready Capital (RC) Research & Development (2016 - 2024)

Ready Capital's Research & Development history runs 9 years deep, the most recent figure standing at $2.2 million for Q2 2024.

• In Q2 2024, Research & Development rose 41.44% year-over-year to $2.2 million; the TTM figure through Jun 2024 stood at $8.0 million (up 65.05% YoY), while the FY2023 annual figure was $7.4 million, up 20.54% from the prior year.
• Research & Development was $2.2 million for Q2 2024 at Ready Capital, down from $2.6 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $2.6 million in Q3 2022 to a low of -$871000.0 in Q4 2022.
• Historically, Research & Development has averaged $1.6 million across 5 years, with a median of $1.8 million in 2020.
• The sharpest annual moves came in 2021 and 2023: Research & Development sank 146.54% in 2021, then jumped 163.95% in 2023.
• A 5-year view of Research & Development shows it stood at $1.7 million in 2020, then tumbled by 146.54% to -$814000.0 in 2021, then dropped by 7.0% to -$871000.0 in 2022, then surged by 163.95% to $557000.0 in 2023, then surged by 300.72% to $2.2 million in 2024.
• The last three Research & Development figures came in at $2.2 million (Q2 2024), $2.6 million (Q1 2024), and $557000.0 (Q4 2023), per Business Quant data.