No, partially thanks to Garth Drabinsky's creative book-keeping, RAGTIME never even had a chance at making money. It had a weekly break-even of just over $600K ..at a time when $450K was the norm! But, it was a "success" running more than two years, garnering critical acclaim and it still regularly revived by regional and community theatres.
Cast albums are NOT "soundtracks."
Live theatre does not use a "soundtrack." If it did, it wouldn't be live theatre!
I host a weekly one-hour radio program featuring cast album selections as well as songs by cabaret, jazz and theatre artists. The program, FRONT ROW CENTRE is heard Sundays 9 to 10 am and also Saturdays from 8 to 9 am (eastern times) on www.proudfm.com