RCD Q4 2023 Earnings — Ready Capital Corporation Notes -15.12.29 Revenue & Financial Results | Market Cap Arena

RCDReady Capital Corporation Notes -15.12.29

$3B

Q4 2023 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$60M-36.9% YoY

Gross Profit

$60M100.0% margin

Operating Income

$00.0% margin

Net Income

$10M16.2% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

-40.9%

Cash Flow

Operating Cash Flow

$1M

Free Cash Flow

-$25M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$12.4B

Total Liabilities

$9.8B

Stockholders' Equity

$2.5B

Cash & Equivalents

$139M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$60M	$95M	-36.9%
Gross Profit	$60M	$95M	-36.9%
Operating Income	$0	$0	—
Net Income	$10M	$11M	-14.8%