RC Q3 2024 Earnings — Ready Capital Corporation Revenue & Financial Results | Market Cap Arena

RCReady Capital Corporation

$316M

Q3 2024 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$62M-39.4% YoY

Gross Profit

$62M100.0% margin

Operating Income

$00.0% margin

Net Income

-$9M-15.1% margin

EPS (Diluted)

$-0.07

QoQ Revenue Growth

+344.2%

Cash Flow

Operating Cash Flow

-$351,999

Free Cash Flow

-$352,000

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$11.3B

Total Liabilities

$8.9B

Stockholders' Equity

$2.2B

Cash & Equivalents

$181M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$62M	$102M	-39.4%
Gross Profit	$62M	$102M	-39.4%
Operating Income	$0	$0	—
Net Income	-$9M	$46M	-120.4%