RCD Q1 2023 Earnings — Ready Capital Corporation Notes -15.12.29 Revenue & Financial Results | Market Cap Arena

RCDReady Capital Corporation Notes -15.12.29

$3B

Q1 2023 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$80M-39.7% YoY

Gross Profit

$80M100.0% margin

Operating Income

$00.0% margin

Net Income

$35M44.0% margin

EPS (Diluted)

$0.25

QoQ Revenue Growth

-16.3%

Cash Flow

Operating Cash Flow

-$907,000

Free Cash Flow

-$907,000

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$11.5B

Total Liabilities

$9.7B

Stockholders' Equity

$1.8B

Cash & Equivalents

$111M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$80M	$133M	-39.7%
Gross Profit	$80M	$133M	-39.7%
Operating Income	$0	$0	—
Net Income	$35M	$63M	-44.6%