Evolv Technologies Holdings (Evolv Technologies Holdings) Retained Earnings : $-298.46 Mil (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Evolv Technologies Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Evolv Technologies Holdings's retained earnings for the quarter that ended in Dec. 2023 was $-298.46 Mil.

Evolv Technologies Holdings's quarterly retained earnings increased from Jun. 2023 ($-287.57 Mil) to Sep. 2023 ($-281.57 Mil) but then declined from Sep. 2023 ($-281.57 Mil) to Dec. 2023 ($-298.46 Mil).

Evolv Technologies Holdings's annual retained earnings declined from Dec. 2021 ($-105.80 Mil) to Dec. 2022 ($-192.21 Mil) and declined from Dec. 2022 ($-192.21 Mil) to Dec. 2023 ($-298.46 Mil).

Evolv Technologies Holdings Retained Earnings Historical Data

The historical data trend for Evolv Technologies 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.

* Premium members only.

Evolv Technologies Holdings Retained Earnings Chart

Evolv Technologies Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-66.49

-93.88

-105.80

-192.21

-298.46

Evolv Technologies Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial											-192.21	-220.82	-287.57	-281.57	-298.46

Evolv Technologies 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.

Evolv Technologies Holdings (NAS:EVLV) 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.

Evolv Technologies Holdings (Evolv Technologies Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Evolv Technologies Holdings Inc (NAS:EVLV) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Totten Pond Road, 4th Floor, Waltham, MA, USA, 02451

Website

https://www.evolvtechnology.com

Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and advanced sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.

Executives

Michael Ellenbogen	director, officer: Founder & Head of Adv. Tech.	C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Anil Chitkara	officer: Founder & Head of Corp. Dev.	C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Peter Gustav George	director, officer: Chief Executive Officer	C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Anthony John Derosa	officer: Chief Revenue Officer	C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Rajan Naik	director	500 WEST MONROE STREET, CHICAGO IL 60661
David Mounts Gonzales	director	C/O EVOLV TECHNOLOGIES HOLDINGS, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Jay Muelhoefer	officer: Chief Commercial Officer	C/O EVOLV TECHNOLOGIES HOLDINGS, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Mark Donohue	officer: Chief Financial Officer	C/O EVOLV TECHNOLOGIES HOLDINGS, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Kevin M. Charlton	director	14631 NORTH SCOTTSDALE RD, SUITE 200, SCOTTSDALE AZ 85254
John Kedzierski	director	C/O EVOLV TECHNOLOGY, 500 W MONROE STREET, STE 4400, CHICAGO IL 60661-3781
Mario Ramos	officer: Chief Financial Officer	C/O EVOLV TECHNOLOGIES, INC., 500 TOTTEN POND ROAD, 4TH FLOOR, WALTHAM MA 02451
Neil Glat	director	950 MCCARTY STREET, BUILDING A, HOUSTON TX 77029
Finback Evolv Obh, Llc	10 percent owner	1200 ANASTASIA AVENUE, SUITE 500, CORAL GABLES FL 33134
Merline Saintil	director	10 SOUTH FIRST AVENUE, WALLA WALLA WA 99362
David J Orfao	director	C/O GENERAL CATALYST PARTNERS, 20 UNIVERSITY RD., 4TH FLOOR, CAMBRIDGE MA 02138