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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. BM Technologies's retained earnings for the quarter that ended in Sep. 2024 was $-49.89 Mil.
BM Technologies's quarterly retained earnings declined from Mar. 2024 ($-40.07 Mil) to Jun. 2024 ($-44.90 Mil) and declined from Jun. 2024 ($-44.90 Mil) to Sep. 2024 ($-49.89 Mil).
BM Technologies's annual retained earnings declined from Dec. 2021 ($-22.71 Mil) to Dec. 2022 ($-23.49 Mil) and declined from Dec. 2022 ($-23.49 Mil) to Dec. 2023 ($-40.82 Mil).
The historical data trend for BM Technologies'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.
BM Technologies Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Retained Earnings | 5.00 | -39.75 | -22.71 | -23.49 | -40.82 |
BM Technologies Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Retained Earnings | Get a 7-Day Free Trial | -36.85 | -40.82 | -40.07 | -44.90 | -49.89 |
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.
BM Technologies (AMEX:BMTX) 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.
Michael Richard Pavone | director | 201 KING OF PRUSSIA ROAD, SUITE 650, WAYNE PA 19087 |
Rajinder Singh | director | C/O BM TECHNOLOGIES, INC., 201 KING OF PRUSSIA ROAD, SUITE 650, WAYNE PA 19087 |
Warren Taylor | officer: Executive Vice President | 1015 PENN AVENUE, SUITE 103, WYOMISSING PA 19610 |
John J Dolan | director | 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087 |
James Francis Dullinger | officer: Chief Accounting Officer | C/O IOTA COMMUNICATIONS, INC., 645 HAMILTON STREET, SUITE 400, ALLENTOWN PA 18101 |
James M. Donahue | officer: Chief Technology Officer | 201 KING OF PRUSSIA ROAD, SUITE 350, C/O BM TECHNOLOGIES, INC., WAYNE PA 19087 |
Aaron Hodari | director | 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087 |
Andrew J. Dunklau | officer: President and Secretary | 1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105 |
Schechter Private Capital, Llc | 10 percent owner | 251 PIERCE STREET, BIRMINGHAM MI 48009 |
Pankaj Dinodia | director | 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087 |
Robert H Ramsey | officer: Chief Financial Officer | 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087 |
Marcy Schwab | director | 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087 |
Brent Hurley | director | 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087 |
Robert Diegel | officer: Chief Operating Officer | 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087 |
Mike Gill | director | 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087 |
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