Ready Capital (RC) Technology and Communications (2016 - 2024)
Ready Capital (RC) posted Technology and Communications of $2.23 million for Q2 2024, up 41.4% from $1.58 million a year earlier but down 13.9% from the prior quarter.
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Analysis
Ready Capital (RC) Technology and Communications (2016 - 2024) Analysis & Trends
For the trailing twelve months through Jun 30, 2024, Technology and Communications at Ready Capital was $7.99 million, up 65.0% year-over-year; for FY2023, it came in at $7.43 million, up 20.5% from FY2022.
- Annual Technology and Communications shows a five-year compound annual growth rate of 15.4% (FY2018 to FY2023).
- In prior years, Ready Capital's Technology and Communications was $6.16 million in FY2022 (+19.6%), $5.15 million in FY2021 (-23.3%), $6.72 million in FY2020 (+39.1%) and $4.83 million in FY2019 (+33.4%).
- Quarterly Technology and Communications has run from a low of -$871,000 in Q4 2022 to a high of $2.62 million in Q3 2022 over five years.
- On a year-over-year basis, Technology and Communications increased in three of the last six quarters, with growth averaging 13.4%.
- The strongest year-over-year quarter for Technology and Communications in the past five years was Q1 2024, with growth of 71.5%; the weakest was Q2 2023, with a decline of 33.6%.
- According to Business Quant data, Technology and Communications for the three prior quarters was $2.59 million (Q1 2024), $557,000 (Q4 2023) and $2.6 million (Q3 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Technology (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 260.00 Mn |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 202.65 Mn |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | - |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | - |
| 10 | Ready Capital | 135.44 Mn | -449.48 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 2.23 Mn |
| Mar 31, 2024 | 2.59 Mn |
| Dec 31, 2023 | 557,000.00 |
| Sep 30, 2023 | 2.60 Mn |
| Jun 30, 2023 | 1.58 Mn |
| Mar 31, 2023 | 1.51 Mn |
| Dec 31, 2022 | -871,000.00 |
| Sep 30, 2022 | 2.62 Mn |
| Jun 30, 2022 | 2.38 Mn |
| Mar 31, 2022 | 2.04 Mn |
| Dec 31, 2021 | -814,000.00 |
| Sep 30, 2021 | 2.06 Mn |
| Jun 30, 2021 | 2.04 Mn |
| Mar 31, 2021 | 1.87 Mn |
| Dec 31, 2020 | 1.75 Mn |
| Sep 30, 2020 | 1.65 Mn |
| Jun 30, 2020 | 1.74 Mn |
| Mar 31, 2020 | 1.58 Mn |
| Dec 31, 2019 | 1.52 Mn |
| Sep 30, 2019 | 1.16 Mn |
API Access
Ready Capital Technology and Communications API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=technology-and-communications&ticker=RC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "technology-and-communications", "ticker": "RC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=technology-and-communications&ticker=RC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();