GIFT (Giftify) Retained Earnings : $-84.46 Mil (As of Sep. 2024)

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What is Giftify Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Giftify's retained earnings for the quarter that ended in Sep. 2024 was $-84.46 Mil.

Giftify's quarterly retained earnings declined from Mar. 2024 ($-72.65 Mil) to Jun. 2024 ($-80.40 Mil) and declined from Jun. 2024 ($-80.40 Mil) to Sep. 2024 ($-84.46 Mil).

Giftify's annual retained earnings increased from Dec. 2021 ($-60.29 Mil) to Dec. 2022 ($-30.34 Mil) but then declined from Dec. 2022 ($-30.34 Mil) to Dec. 2023 ($-69.46 Mil).

Giftify Retained Earnings Historical Data

The historical data trend for Giftify'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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Giftify Retained Earnings Chart

Giftify Annual Data

Trend

Aug03

Aug04

Aug05

May16

May17

May18

Dec19

Dec21

Dec22

Dec23

Retained Earnings

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-1.59

-51.52

-60.29

-30.34

-69.46

Giftify Quarterly Data
	Nov18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-64.03	-69.46	-72.65	-80.40	-84.46

Giftify 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.

Giftify (NAS:GIFT) 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.

Giftify Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Giftify Inc (NAS:GIFT) » Definitions » Retained Earnings

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Address

1100 Woodfield Road, Suite 510, Schaumberg, IL, USA, 60173

Website

https://www.giftifyinc.com

Giftify Inc through its wholly-owned subsidiary, has been in the business of connecting digital consumers, businesses and communities with dining and merchant deal options throughout the United States. The company connects digital consumers, businesses, and communities offering dining and merchant deal options nationwide restaurants, and retailers to customers. The Company buys merchant gift cards from the general public and distributors at a discount and then resells them at a markup.