STWD Q1 2023 Earnings — Starwood Property Trust, Inc. Revenue & Financial Results | Market Cap Arena

STWDStarwood Property Trust, Inc.

$7B

Q1 2023 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$491M+60.4% YoY

Gross Profit

$148M30.1% margin

Operating Income

$385M78.5% margin

Net Income

$52M10.6% margin

EPS (Diluted)

$0.16

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

-$29M

Free Cash Flow

-$34M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$77.4B

Total Liabilities

$70.2B

Stockholders' Equity

$6.4B

Cash & Equivalents

$396M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$491M	$306M	+60.4%
Gross Profit	$148M	$465M	-68.2%
Operating Income	$385M	$449M	-14.2%
Net Income	$52M	$316M	-83.5%

Revenue Segments

Commercial And Residential Lending Segment

$411M77%

Infrastructure Lending Segment

$56M11%

L N R Business Segments

$40M8%

Property Segment

$24M4%