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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Phreesia's retained earnings for the quarter that ended in Jan. 2024 was $-743.0 Mil.
Phreesia's quarterly retained earnings declined from Jul. 2023 ($-680.4 Mil) to Oct. 2023 ($-712.3 Mil) and declined from Oct. 2023 ($-712.3 Mil) to Jan. 2024 ($-743.0 Mil).
Phreesia's annual retained earnings declined from Jan. 2022 ($-429.9 Mil) to Jan. 2023 ($-606.1 Mil) and declined from Jan. 2023 ($-606.1 Mil) to Jan. 2024 ($-743.0 Mil).
The historical data trend for Phreesia'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.
Phreesia Annual Data | ||||||||||||||||
Trend | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||
Retained Earnings | Get a 7-Day Free Trial | -284.49 | -311.78 | -429.94 | -606.08 | -742.97 |
Phreesia Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Retained Earnings | Get a 7-Day Free Trial | -606.08 | -643.62 | -680.38 | -712.32 | -742.97 |
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.
Phreesia (NYSE:PHR) 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.
Balaji Gandhi | officer: Chief Financial Officer | PHREESIA, INC., 1521 CONCORD PIKE, SUITE 301, PMB 221, WILMINGTON DE 19803 |
Allison C Hoffman | officer: General Counsel & Secretary | 315 EAST 68TH STREET, NEW YORK NY 10065 |
Amy Beth Vanduyn | officer: SVP, Human Resources | C/O PHREESIA, INC., 432 PARK AVENUE S., 12TH FLOOR, NEW YORK NY 10016 |
Chaim Indig | director, officer: Chief Executive Officer | C/O PHREESIA, INC., 432 PARK AVENUE S., 12TH FLOOR, NEW YORK NY 10016 |
Michael J. Davidoff | officer: See Remarks | C/O PHREESIA, INC., 432 PARK AVENUE S., 12TH FLOOR, NEW YORK NY 10016 |
David Linetsky | officer: SVP, Life Sciences | C/O PHREESIA, INC., 432 PARK AVENUE S., 12TH FLOOR, NEW YORK NY 10016 |
Evan Roberts | officer: Chief Operating Officer | C/O PHREESIA, INC., 432 PARK AVENUE S., 12TH FLOOR, NEW YORK NY 10016 |
Janet Gunzburg | officer: Principal Accounting Officer | BANKRATE, INC., 477 MADISON AVENUE, SUITE 430, NEW YORK NY 10022 |
Lisa Egbuonu-davis | director | C/O OMEGA HEALTHCARE INVESTORS, INC., 303 INTERNATIONAL CIRCLE, SUITE 200, HUNT VALLEY MD 21030 |
Gillian Munson | director | C/O XO GROUP INC., 195 BROADWAY, 25TH FLOOR, NEW YORK NY 10007 |
Mark Douglas Smith | director | C/O TELADOC HEALTH, INC., 2 MANHATTANVILLE ROAD, SUITE 203, PURCHASE NY 10577 |
Randy Rasmussen | officer: Chief Financial Officer | PHREESIA, INC., 434 FAYETTEVILLE ST., SUITE 1400, RALEIGH NC 27601 |
Ramin Sayar | director | 305 MAIN STREET, REDWOOD CITY CA 94063 |
Michael Weintraub | director | C/O PHREESIA, INC., 432 PARK AVENUE S., 12TH FLOOR, NEW YORK NY 10016 |
Edward L Cahill | 10 percent owner | C/O HLM VENTURE PARTNERS, 800 SOUTH STREET, SUITE 200, WALTHAM MA 02453 |
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