RCB Q1 2022 Earnings — Ready Capital Corporation Revenue & Financial Results | Market Cap Arena

RCBReady Capital Corporation

$60B

Q1 2022 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$88M-24.1% YoY

Gross Profit

$75M85.6% margin

Operating Income

$148M169.1% margin

Net Income

$67M75.9% margin

EPS (Diluted)

$0.76

QoQ Revenue Growth

-35.8%

Cash Flow

Operating Cash Flow

-$9M

Free Cash Flow

-$9M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$11.5B

Total Liabilities

$9.5B

Stockholders' Equity

$1.9B

Cash & Equivalents

$268M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$88M	$116M	-24.1%
Gross Profit	$75M	$116M	-35.0%
Operating Income	$148M	$83M	+79.7%
Net Income	$67M	$28M	+135.7%