RCB Q2 2024 Earnings — Ready Capital Corporation Revenue & Financial Results | Market Cap Arena

RCBReady Capital Corporation

$60B

Q2 2024 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$3M-99.2% YoY

Gross Profit

$3M100.0% margin

Operating Income

-$33M-1310.9% margin

Net Income

-$36M-1427.1% margin

EPS (Diluted)

$-0.21

QoQ Revenue Growth

+108.4%

Cash Flow

Operating Cash Flow

-$36M

Free Cash Flow

-$36M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$11.8B

Total Liabilities

$9.4B

Stockholders' Equity

$2.3B

Cash & Equivalents

$226M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3M	$302M	-99.2%
Gross Profit	$3M	$270M	-99.1%
Operating Income	-$33M	$233M	-114.2%
Net Income	-$36M	$247M	-114.6%