RCB Q2 2023 Earnings — Ready Capital Corporation Revenue & Financial Results | Market Cap Arena

RCBReady Capital Corporation

$60B

Q2 2023 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$302M+494.7% YoY

Gross Profit

$270M89.3% margin

Operating Income

$233M77.3% margin

Net Income

$247M81.6% margin

EPS (Diluted)

$1.76

QoQ Revenue Growth

+584.7%

Cash Flow

Operating Cash Flow

$29M

Free Cash Flow

$301M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$12.4B

Total Liabilities

$9.7B

Stockholders' Equity

$2.6B

Cash & Equivalents

$262M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$302M	$51M	+494.7%
Gross Profit	$270M	$36M	+640.8%
Operating Income	$233M	$151M	+54.0%
Net Income	$247M	$60M	+308.6%