RC Q1 2024 Earnings — Ready Capital Corporation Revenue & Financial Results | Market Cap Arena

RCReady Capital Corporation

$316M

Q1 2024 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

-$67M-184.3% YoY

Gross Profit

-$67M100.0% margin

Operating Income

$00.0% margin

Net Income

-$74M110.3% margin

EPS (Diluted)

$-0.44

QoQ Revenue Growth

-211.8%

Cash Flow

Operating Cash Flow

$12M

Free Cash Flow

$12M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$12.0B

Total Liabilities

$9.5B

Stockholders' Equity

$2.4B

Cash & Equivalents

$166M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	-$67M	$80M	-184.3%
Gross Profit	-$67M	$80M	-184.3%
Operating Income	$0	$0	—
Net Income	-$74M	$35M	-311.4%