GRIID Infrastructure (GRIID Infrastructure) Retained Earnings

: $-124.51 Mil (As of Sep. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GRIID Infrastructure's retained earnings for the quarter that ended in Sep. 2023 was $-124.51 Mil.

GRIID Infrastructure's quarterly retained earnings declined from Dec. 2022 ($-90.68 Mil) to Jun. 2023 ($-112.68 Mil) and declined from Jun. 2023 ($-112.68 Mil) to Sep. 2023 ($-124.51 Mil).

GRIID Infrastructure's annual retained earnings declined from Dec. 2021 ($-26.94 Mil) to Dec. 2022 ($-90.68 Mil) and declined from Dec. 2022 ($-90.68 Mil) to Dec. 2023 ($-107.41 Mil).

GRIID Infrastructure Retained Earnings Historical Data

The historical data trend for GRIID Infrastructure'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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GRIID Infrastructure Annual Data

Trend

Dec21

Dec22

Dec23

Retained Earnings

-26.94

-90.68

-107.41

GRIID Infrastructure Quarterly Data
	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial			-	-90.68	-112.68	-124.51	-107.41

GRIID Infrastructure 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.

GRIID Infrastructure (NAS:GRDI) 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.

GRIID Infrastructure (GRIID Infrastructure) Business Description

Industry

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Traded in Other Exchanges

GRDI:Canada

Address

2577 Duck Creek Road, Cincinnati, OH, USA, 45212

Website

Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (GRIID Infrastructure) Headlines

From GuruFocus

Glancy Prongay & Murray LLP Announces Investigation of GRIID Infrastructure Inc. (GRDI)

By Business Wire • 03-05-2024