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

RCBReady Capital Corporation

$60B

Q1 2024 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

-$30M-168.1% YoY

Gross Profit

-$30M100.0% margin

Operating Income

-$68M225.4% margin

Net Income

-$74M247.5% margin

EPS (Diluted)

$-0.46

QoQ Revenue Growth

-109.4%

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

$191M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	-$30M	$44M	-168.1%
Gross Profit	-$30M	$58M	-151.4%
Operating Income	-$68M	-$128M	+47.0%
Net Income	-$74M	$38M	-296.7%