HomeXpress Mortgage Corp. Sees Massive Financial Growth

By Philip Seaworth • Friday, October 03 10:27 • Permanent Link

HomeXpress Mortgage Corp. has released its audited consolidated financial statements for the years ended December 31, 2024 and 2023. The company's total assets increased to $641,372,078 in 2024 from $476,846,543 in 2023. The cash and cash equivalents also saw a significant increase from $26,839,052 in 2023 to $42,707,343 in 2024.

In terms of revenues, HomeXpress Mortgage Corp. reported a substantial increase to $114,255,066 in 2024 from $58,072,277 in 2023. The net income for the company also surged to $33,547,418 in 2024 compared to $6,032,779 in 2023.

Looking at the stockholder's equity, it increased to $108,437,845 in 2024 from $74,890,427 in 2023. Additionally, the company's cash flows from operating activities improved, with net cash used in operating activities decreasing to $115,674,632 in 2024 from $217,492,911 in 2023.

Furthermore, the company's cash flows from financing activities showed a significant increase, with net cash provided by financing activities amounting to $130,086,520 in 2024, compared to $1,898,472 in 2023.

These figures indicate a positive financial performance and growth for HomeXpress Mortgage Corp. from 2023 to 2024. Today the company's shares have moved -0.22% to a price of $13.39. For the full picture, make sure to review CHIMERA INVESTMENT CORP's 8-K report.

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