RCB Q3 2023 Earnings — Ready Capital Corporation Revenue & Financial Results | Market Cap Arena

RCBReady Capital Corporation

$60B

Q3 2023 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$308M+292.3% YoY

Gross Profit

$122M39.5% margin

Operating Income

$81M26.4% margin

Net Income

$45M14.7% margin

EPS (Diluted)

$0.25

QoQ Revenue Growth

+2.0%

Cash Flow

Operating Cash Flow

$61M

Free Cash Flow

$61M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$12.8B

Total Liabilities

$10.1B

Stockholders' Equity

$2.6B

Cash & Equivalents

$218M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$308M	$79M	+292.3%
Gross Profit	$122M	$63M	+92.5%
Operating Income	$81M	$188M	-56.8%
Net Income	$45M	$68M	-33.1%