SULWQ (Sunlight Financial Holdings) Retained Earnings : $-578.94 Mil (As of Jun. 2023)

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What is Sunlight Financial Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Sunlight Financial Holdings's retained earnings for the quarter that ended in Jun. 2023 was $-578.94 Mil.

Sunlight Financial Holdings's quarterly retained earnings declined from Dec. 2022 ($-501.64 Mil) to Mar. 2023 ($-524.29 Mil) and declined from Mar. 2023 ($-524.29 Mil) to Jun. 2023 ($-578.94 Mil).

Sunlight Financial Holdings's annual retained earnings increased from Dec. 2020 ($-623.34 Mil) to Dec. 2021 ($-186.02 Mil) but then declined from Dec. 2021 ($-186.02 Mil) to Dec. 2022 ($-501.64 Mil).

Sunlight Financial Holdings Retained Earnings Historical Data

The historical data trend for Sunlight Financial Holdings's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sunlight Financial Holdings Retained Earnings Chart

Sunlight Financial Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Retained Earnings

-623.34

-186.02

-501.64

Sunlight Financial Holdings Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Retained Earnings	Get a 7-Day Free Trial							-195.64	-459.71	-501.64	-524.29	-578.94

Sunlight Financial Holdings Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Sunlight Financial Holdings (OTCPK:SULWQ) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Sunlight Financial Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sunlight Financial Holdings Inc (OTCPK:SULWQ) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

101 North Tryon Street, Suite 1000, Charlotte, NC, USA, 28246

Website

https://www.sunlightfinancial.com

Sunlight Financial Holdings Inc is a technology-enabled point-of-sale finance company. It partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements. It's technology and deep credit expertise simplify and streamline consumer finance, ensuring a fast and frictionless process for both contractors and homeowners. It earns revenue in two streams: platform fees earned on each loan facilitated via Orange and fees earned for loan portfolio management, servicing, and administration services.