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Side-by-side financial comparison of Navitas Semiconductor Corp (NVTS) and Ready Capital Corp (RC). Click either name above to swap in a different company.

Ready Capital Corp is the larger business by last-quarter revenue ($13.1M vs $7.3M, roughly 1.8× Navitas Semiconductor Corp). Navitas Semiconductor Corp runs the higher net margin — -436.1% vs -1772.7%, a 1336.6% gap on every dollar of revenue. On growth, Navitas Semiconductor Corp posted the faster year-over-year revenue change (-59.4% vs -73.8%). Over the past eight quarters, Navitas Semiconductor Corp's revenue compounded faster (-43.9% CAGR vs -48.0%).

Navitas Semiconductor Corp is a leading global semiconductor firm specializing in gallium nitride (GaN) power integrated circuits. Its high-efficiency, compact power solutions serve consumer electronics, electric vehicles, renewable energy, and industrial sectors, with clients spanning North America, Asia, and Europe.

Ready Capital Corp is a leading US-based commercial real estate finance firm. It offers tailored lending solutions including multifamily property loans, small balance commercial real estate mortgages, construction financing, and mortgage servicing services. Its core client segments include real estate investors, small business operators, and property developers across the United States.

NVTS vs RC — Head-to-Head

Bigger by revenue
RC
RC
1.8× larger
RC
$13.1M
$7.3M
NVTS
Growing faster (revenue YoY)
NVTS
NVTS
+14.4% gap
NVTS
-59.4%
-73.8%
RC
Higher net margin
NVTS
NVTS
1336.6% more per $
NVTS
-436.1%
-1772.7%
RC
Faster 2-yr revenue CAGR
NVTS
NVTS
Annualised
NVTS
-43.9%
-48.0%
RC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NVTS
NVTS
RC
RC
Revenue
$7.3M
$13.1M
Net Profit
$-31.8M
$-232.6M
Gross Margin
38.1%
Operating Margin
-567.3%
-2013.3%
Net Margin
-436.1%
-1772.7%
Revenue YoY
-59.4%
-73.8%
Net Profit YoY
20.2%
26.1%
EPS (diluted)
$-0.14
$-1.43

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NVTS
NVTS
RC
RC
Q4 25
$7.3M
$13.1M
Q3 25
$10.1M
$85.4M
Q2 25
$14.5M
$16.9M
Q1 25
$14.0M
$40.2M
Q4 24
$18.0M
$50.1M
Q3 24
$21.7M
$107.2M
Q2 24
$20.5M
$51.0M
Q1 24
$23.2M
$48.5M
Net Profit
NVTS
NVTS
RC
RC
Q4 25
$-31.8M
$-232.6M
Q3 25
$-19.2M
$-16.7M
Q2 25
$-49.1M
$-53.7M
Q1 25
$-16.8M
$82.0M
Q4 24
$-39.9M
$-314.8M
Q3 24
$-18.7M
$-7.3M
Q2 24
$-22.3M
$-34.2M
Q1 24
$-3.7M
$-74.2M
Gross Margin
NVTS
NVTS
RC
RC
Q4 25
38.1%
Q3 25
37.9%
Q2 25
16.1%
Q1 25
37.9%
Q4 24
12.4%
Q3 24
39.7%
Q2 24
39.0%
Q1 24
41.1%
Operating Margin
NVTS
NVTS
RC
RC
Q4 25
-567.3%
-2013.3%
Q3 25
-192.0%
-31.5%
Q2 25
-149.4%
-524.9%
Q1 25
-180.5%
Q4 24
-216.9%
-629.0%
Q3 24
-133.6%
-14.8%
Q2 24
-152.1%
-157.0%
Q1 24
-136.2%
-217.9%
Net Margin
NVTS
NVTS
RC
RC
Q4 25
-436.1%
-1772.7%
Q3 25
-190.2%
-19.6%
Q2 25
-338.7%
-317.7%
Q1 25
-120.1%
203.7%
Q4 24
-221.7%
-628.8%
Q3 24
-86.4%
-6.8%
Q2 24
-109.1%
-67.1%
Q1 24
-15.9%
-152.8%
EPS (diluted)
NVTS
NVTS
RC
RC
Q4 25
$-0.14
$-1.43
Q3 25
$-0.09
$-0.13
Q2 25
$-0.25
$-0.34
Q1 25
$-0.09
$0.46
Q4 24
$-0.22
$-1.89
Q3 24
$-0.10
$-0.07
Q2 24
$-0.12
$-0.23
Q1 24
$-0.02
$-0.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NVTS
NVTS
RC
RC
Cash + ST InvestmentsLiquidity on hand
$236.9M
$207.8M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$443.7M
$1.5B
Total Assets
$500.5M
$7.8B
Debt / EquityLower = less leverage
0.89×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVTS
NVTS
RC
RC
Q4 25
$236.9M
$207.8M
Q3 25
$150.6M
$147.5M
Q2 25
$161.2M
$162.9M
Q1 25
$75.1M
$205.9M
Q4 24
$86.7M
$143.8M
Q3 24
$98.3M
$181.3M
Q2 24
$111.7M
$226.3M
Q1 24
$128.9M
$166.0M
Total Debt
NVTS
NVTS
RC
RC
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.5B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.1B
Stockholders' Equity
NVTS
NVTS
RC
RC
Q4 25
$443.7M
$1.5B
Q3 25
$371.0M
$1.8B
Q2 25
$388.9M
$1.8B
Q1 25
$341.8M
$1.9B
Q4 24
$348.0M
$1.8B
Q3 24
$380.8M
$2.2B
Q2 24
$388.1M
$2.3B
Q1 24
$397.9M
$2.4B
Total Assets
NVTS
NVTS
RC
RC
Q4 25
$500.5M
$7.8B
Q3 25
$430.2M
$8.3B
Q2 25
$449.4M
$9.3B
Q1 25
$370.8M
$10.0B
Q4 24
$390.0M
$10.1B
Q3 24
$419.4M
$11.3B
Q2 24
$439.1M
$11.8B
Q1 24
$467.9M
$12.0B
Debt / Equity
NVTS
NVTS
RC
RC
Q4 25
0.89×
Q3 25
0.78×
Q2 25
0.76×
Q1 25
0.77×
Q4 24
0.73×
Q3 24
0.54×
Q2 24
0.52×
Q1 24
0.46×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NVTS
NVTS
RC
RC
Operating Cash FlowLast quarter
$-8.1M
$432.1M
Free Cash FlowOCF − Capex
$-8.2M
FCF MarginFCF / Revenue
-111.8%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-44.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVTS
NVTS
RC
RC
Q4 25
$-8.1M
$432.1M
Q3 25
$-10.0M
$434.7M
Q2 25
$-11.2M
$-100.3M
Q1 25
$-13.5M
$108.5M
Q4 24
$-10.2M
$274.8M
Q3 24
$-13.7M
$221.1M
Q2 24
$-15.1M
$1.1M
Q1 24
$-19.8M
$23.4M
Free Cash Flow
NVTS
NVTS
RC
RC
Q4 25
$-8.2M
Q3 25
$-10.7M
Q2 25
$-11.9M
Q1 25
$-13.6M
Q4 24
$-10.8M
Q3 24
$-14.3M
Q2 24
$-17.9M
Q1 24
$-22.7M
FCF Margin
NVTS
NVTS
RC
RC
Q4 25
-111.8%
Q3 25
-106.1%
Q2 25
-82.2%
Q1 25
-96.8%
Q4 24
-59.8%
Q3 24
-65.9%
Q2 24
-87.3%
Q1 24
-97.9%
Capex Intensity
NVTS
NVTS
RC
RC
Q4 25
0.7%
Q3 25
7.0%
Q2 25
4.7%
Q1 25
0.3%
Q4 24
3.1%
Q3 24
2.6%
Q2 24
13.4%
Q1 24
12.5%
Cash Conversion
NVTS
NVTS
RC
RC
Q4 25
Q3 25
Q2 25
Q1 25
1.32×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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