AGMFederal Agricultural Mortgage Corporation

$2B

Q2 2023 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$350M+138.0% YoY

Gross Profit

$83M23.9% margin

Operating Income

$59M17.0% margin

Net Income

$47M13.5% margin

EPS (Diluted)

$3.70

QoQ Revenue Growth

+9.0%

Cash Flow

Operating Cash Flow

$119M

Free Cash Flow

$119M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$27.7B

Total Liabilities

$26.3B

Stockholders' Equity

$1.3B

Cash & Equivalents

$874M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$350M	$147M	+138.0%
Gross Profit	$83M	$73M	+14.4%
Operating Income	$59M	$53M	+12.0%
Net Income	$47M	$42M	+12.8%

AGM Q2 2023 Earnings — Federal Agricultural Mortgage Corporation Revenue & Financial Results | Market Cap Arena