RCB Q4 2023 Earnings — Ready Capital Corporation Revenue & Financial Results | Market Cap Arena

RCBReady Capital Corporation

$60B

Q4 2023 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$321M+23.6% YoY

Gross Profit

$297M92.6% margin

Operating Income

$232M72.2% margin

Net Income

$10M3.0% margin

EPS (Diluted)

$0.12

QoQ Revenue Growth

+4.1%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

$206M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$12.4B

Total Liabilities

$9.8B

Stockholders' Equity

$2.5B

Cash & Equivalents

$169M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$321M	$260M	+23.6%
Gross Profit	$297M	$238M	+24.6%
Operating Income	$232M	-$487M	+147.5%
Net Income	$10M	-$195M	+104.9%