RC Q2 2024 Earnings — Ready Capital Corporation Revenue & Financial Results | Market Cap Arena

RCReady Capital Corporation

$316M

Q2 2024 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

-$25M-126.3% YoY

Gross Profit

-$25M100.0% margin

Operating Income

$00.0% margin

Net Income

-$36M142.5% margin

EPS (Diluted)

$-0.22

QoQ Revenue Growth

+62.5%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

$1M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$11.8B

Total Liabilities

$9.4B

Stockholders' Equity

$2.3B

Cash & Equivalents

$226M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	-$25M	$96M	-126.3%
Gross Profit	-$25M	$96M	-126.3%
Operating Income	$0	$0	—
Net Income	-$36M	$249M	-114.5%