Ready Capital (RC) Retained Earnings (2012 - 2024)
Ready Capital's (RC) quarterly Retained Earnings came in at -$92.3 million in Q2 2024, down 103.99% year-on-year from $2.3 billion in Q3 2023, and down 2503.47% quarter-over-quarter from -$3.5 million in Q1 2024.
Ready Capital (RC) Retained Earnings (2012 - 2024) Analysis & Trends
Ready Capital's Retained Earnings history runs 13 years deep, the most recent figure standing at -$92.3 million for Q2 2024.
- On a quarterly basis, Retained Earnings fell 103.99% year-over-year to -$92.3 million in Q2 2024; TTM through Jun 2024 was -$92.3 million, a 103.99% decrease from a year earlier, with the FY2023 full-year figure at -$17.9 million, down 90.63% from the prior year.
- Retained Earnings fell to -$92.3 million in Q2 2024 per RC's latest filing, from -$3.5 million in the prior quarter.
- Across five years, Retained Earnings topped out at $2.3 billion in Q2 2023 and bottomed at -$92.3 million in Q2 2024.
- The 5-year median for Retained Earnings is -$5.7 million (2021), against an average of $451.1 million.
- Across the five-year window, Retained Earnings sank 446.44% in 2020 and jumped 24182.44% in 2022, its largest moves.
- Year by year, Retained Earnings stood at -$9.9 million in 2020, then jumped by 42.36% to -$5.7 million in 2021, then tumbled by 63.42% to -$9.4 million in 2022, then sank by 90.63% to -$17.9 million in 2023, then slumped by 416.9% to -$92.3 million in 2024.
- Per Business Quant, the three latest RC Retained Earnings figures stand at -$92.3 million (Q2 2024), -$3.5 million (Q1 2024), and -$17.9 million (Q4 2023).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | 28.43 Bn |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | 19.66 Bn |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 10.88 Mn |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | - |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 7.90 Mn |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | -366.11 Mn |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | -127.21 Mn |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | 5.89 Bn |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | -44.28 Mn |
| 10 | Ready Capital | 243.87 Mn | 243.87 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | -92.32 Mn |
| Mar 31, 2024 | -3.55 Mn |
| Dec 31, 2023 | -17.86 Mn |
| Sep 30, 2023 | 168.54 Mn |
| Jun 30, 2023 | 2.31 Bn |
| Mar 31, 2023 | -6.53 Mn |
| Dec 31, 2022 | -9.37 Mn |
| Sep 30, 2022 | 1.72 Bn |
| Jun 30, 2022 | 1.72 Bn |
| Mar 31, 2022 | -4.70 Mn |
| Dec 31, 2021 | -5.73 Mn |
| Sep 30, 2021 | 1.12 Bn |
| Jun 30, 2021 | -7.16 Mn |
| Mar 31, 2021 | -20.03 Mn |
| Dec 31, 2020 | -9.95 Mn |
| Sep 30, 2020 | -31.78 Mn |
| Mar 31, 2020 | 837.06 Mn |
| Dec 31, 2019 | -6.18 Mn |
| Sep 30, 2019 | 9.17 Mn |
| Jun 30, 2019 | 14.91 Mn |