Mogo (MOGO) Retained Earnings : $-251.52 Mil (As of Sep. 2023)

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What is Mogo Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mogo's retained earnings for the quarter that ended in Sep. 2023 was $-251.52 Mil.

Mogo's quarterly retained earnings declined from Mar. 2023 ($-234.47 Mil) to Jun. 2023 ($-249.01 Mil) and declined from Jun. 2023 ($-249.01 Mil) to Sep. 2023 ($-251.52 Mil).

Mogo's annual retained earnings declined from Dec. 2020 ($-89.82 Mil) to Dec. 2021 ($-115.83 Mil) and declined from Dec. 2021 ($-115.83 Mil) to Dec. 2022 ($-231.09 Mil).

Mogo Retained Earnings Historical Data

The historical data trend for Mogo'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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Mogo Retained Earnings Chart

Mogo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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-67.57

-77.16

-89.82

-115.83

-231.09

Mogo Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial															-179.17	-231.09	-234.47	-249.01	-251.52

Mogo 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.

Mogo (NAS:MOGO) 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.

Mogo (MOGO) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Mogo Inc (NAS:MOGO) » Definitions » Retained Earnings

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SGC:Germany MOGO:Canada

Address

2100 - 401 West Georgia Street, Vancouver, BC, CAN, V6B 5A1

Website

https://www.mogo.ca

Mogo Inc is a Canadian-based financial technology company. It offers a finance application to consumers with solutions that help them to control their financial health. At Mogo, users can sign up for a free account and get access to products and solutions that help users to monitor their credit score, protect themselves from identity fraud, control their spending, and borrow responsibly. Some of its products are personal loans, crypto, mortgage, credit score, and others. Mogo is one of the go-to financial applications for Canadians with more than one million members.