RCB Q2 2022 Earnings — Ready Capital Corporation Revenue & Financial Results | Market Cap Arena

RCBReady Capital Corporation

$60B

Q2 2022 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$51M-33.1% YoY

Gross Profit

$36M71.7% margin

Operating Income

$151M298.4% margin

Net Income

$60M118.9% margin

EPS (Diluted)

$0.53

QoQ Revenue Growth

-42.2%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$16M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$11.9B

Total Liabilities

$10.0B

Stockholders' Equity

$1.9B

Cash & Equivalents

$193M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$51M	$76M	-33.1%
Gross Profit	$36M	$59M	-38.0%
Operating Income	$151M	$56M	+171.5%
Net Income	$60M	$27M	+121.5%