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

Valens Semiconductor Ltd. is the larger business by last-quarter revenue ($17.3M vs $13.1M, roughly 1.3× Ready Capital Corp). Valens Semiconductor Ltd. runs the higher net margin — -42.2% vs -1772.7%, a 1730.5% gap on every dollar of revenue. On growth, Valens Semiconductor Ltd. posted the faster year-over-year revenue change (8.1% vs -73.8%).

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.

Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT s...

RC vs VLN — Head-to-Head

Bigger by revenue
VLN
VLN
1.3× larger
VLN
$17.3M
$13.1M
RC
Growing faster (revenue YoY)
VLN
VLN
+81.9% gap
VLN
8.1%
-73.8%
RC
Higher net margin
VLN
VLN
1730.5% more per $
VLN
-42.2%
-1772.7%
RC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
RC
RC
VLN
VLN
Revenue
$13.1M
$17.3M
Net Profit
$-232.6M
$-7.3M
Gross Margin
63.0%
Operating Margin
-2013.3%
-46.4%
Net Margin
-1772.7%
-42.2%
Revenue YoY
-73.8%
8.1%
Net Profit YoY
26.1%
29.3%
EPS (diluted)
$-1.43
$-0.07

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
RC
RC
VLN
VLN
Q4 25
$13.1M
Q3 25
$85.4M
$17.3M
Q2 25
$16.9M
$17.1M
Q1 25
$40.2M
$16.8M
Q4 24
$50.1M
Q3 24
$107.2M
$16.0M
Q2 24
$51.0M
$13.6M
Q1 24
$48.5M
Net Profit
RC
RC
VLN
VLN
Q4 25
$-232.6M
Q3 25
$-16.7M
$-7.3M
Q2 25
$-53.7M
$-7.2M
Q1 25
$82.0M
$-8.3M
Q4 24
$-314.8M
Q3 24
$-7.3M
$-10.4M
Q2 24
$-34.2M
$-8.9M
Q1 24
$-74.2M
Gross Margin
RC
RC
VLN
VLN
Q4 25
Q3 25
63.0%
Q2 25
63.5%
Q1 25
62.9%
Q4 24
Q3 24
56.4%
Q2 24
61.4%
Q1 24
Operating Margin
RC
RC
VLN
VLN
Q4 25
-2013.3%
Q3 25
-31.5%
-46.4%
Q2 25
-524.9%
-43.3%
Q1 25
-56.2%
Q4 24
-629.0%
Q3 24
-14.8%
-76.3%
Q2 24
-157.0%
-69.2%
Q1 24
-217.9%
Net Margin
RC
RC
VLN
VLN
Q4 25
-1772.7%
Q3 25
-19.6%
-42.2%
Q2 25
-317.7%
-42.1%
Q1 25
203.7%
-49.4%
Q4 24
-628.8%
Q3 24
-6.8%
-64.6%
Q2 24
-67.1%
-65.2%
Q1 24
-152.8%
EPS (diluted)
RC
RC
VLN
VLN
Q4 25
$-1.43
Q3 25
$-0.13
$-0.07
Q2 25
$-0.34
$-0.07
Q1 25
$0.46
$-0.08
Q4 24
$-1.89
Q3 24
$-0.07
$-0.10
Q2 24
$-0.23
$-0.08
Q1 24
$-0.44

Balance Sheet & Financial Strength

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

Metric
RC
RC
VLN
VLN
Cash + ST InvestmentsLiquidity on hand
$207.8M
$93.5M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$1.5B
$108.8M
Total Assets
$7.8B
$136.7M
Debt / EquityLower = less leverage
0.89×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RC
RC
VLN
VLN
Q4 25
$207.8M
Q3 25
$147.5M
$93.5M
Q2 25
$162.9M
$102.7M
Q1 25
$205.9M
$112.5M
Q4 24
$143.8M
Q3 24
$181.3M
$133.1M
Q2 24
$226.3M
$105.9M
Q1 24
$166.0M
Total Debt
RC
RC
VLN
VLN
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
RC
RC
VLN
VLN
Q4 25
$1.5B
Q3 25
$1.8B
$108.8M
Q2 25
$1.8B
$116.5M
Q1 25
$1.9B
$128.6M
Q4 24
$1.8B
Q3 24
$2.2B
$147.0M
Q2 24
$2.3B
$153.5M
Q1 24
$2.4B
Total Assets
RC
RC
VLN
VLN
Q4 25
$7.8B
Q3 25
$8.3B
$136.7M
Q2 25
$9.3B
$144.8M
Q1 25
$10.0B
$154.6M
Q4 24
$10.1B
Q3 24
$11.3B
$171.9M
Q2 24
$11.8B
$175.8M
Q1 24
$12.0B
Debt / Equity
RC
RC
VLN
VLN
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
RC
RC
VLN
VLN
Operating Cash FlowLast quarter
$432.1M
$-4.7M
Free Cash FlowOCF − Capex
$-4.9M
FCF MarginFCF / Revenue
-28.5%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RC
RC
VLN
VLN
Q4 25
$432.1M
Q3 25
$434.7M
$-4.7M
Q2 25
$-100.3M
$-211.0K
Q1 25
$108.5M
$-7.6M
Q4 24
$274.8M
Q3 24
$221.1M
$3.0M
Q2 24
$1.1M
$-225.0K
Q1 24
$23.4M
Free Cash Flow
RC
RC
VLN
VLN
Q4 25
Q3 25
$-4.9M
Q2 25
$-330.0K
Q1 25
$-8.0M
Q4 24
Q3 24
$2.2M
Q2 24
$-460.0K
Q1 24
FCF Margin
RC
RC
VLN
VLN
Q4 25
Q3 25
-28.5%
Q2 25
-1.9%
Q1 25
-47.3%
Q4 24
Q3 24
14.0%
Q2 24
-3.4%
Q1 24
Capex Intensity
RC
RC
VLN
VLN
Q4 25
Q3 25
1.6%
Q2 25
0.7%
Q1 25
2.1%
Q4 24
Q3 24
4.5%
Q2 24
1.7%
Q1 24
Cash Conversion
RC
RC
VLN
VLN
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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