RC Q2 2023 Earnings — Ready Capital Corporation Revenue & Financial Results | Market Cap Arena

RCReady Capital Corporation

$316M

Q2 2023 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$96M-11.2% YoY

Gross Profit

$96M100.0% margin

Operating Income

$00.0% margin

Net Income

$249M259.2% margin

EPS (Diluted)

$1.76

QoQ Revenue Growth

+20.2%

Cash Flow

Operating Cash Flow

$38M

Free Cash Flow

$37M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$12.4B

Total Liabilities

$9.7B

Stockholders' Equity

$2.6B

Cash & Equivalents

$228M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$96M	$108M	-11.2%
Gross Profit	$96M	$108M	-11.2%
Operating Income	$0	$0	—
Net Income	$249M	$56M	+343.7%