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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Desktop Metal's retained earnings for the quarter that ended in Mar. 2024 was $-1,684.3 Mil.
Desktop Metal's quarterly retained earnings declined from Sep. 2023 ($-1,457.7 Mil) to Dec. 2023 ($-1,632.2 Mil) and declined from Dec. 2023 ($-1,632.2 Mil) to Mar. 2024 ($-1,684.3 Mil).
Desktop Metal's annual retained earnings declined from Dec. 2021 ($-568.6 Mil) to Dec. 2022 ($-1,309.0 Mil) and declined from Dec. 2022 ($-1,309.0 Mil) to Dec. 2023 ($-1,632.2 Mil).
The historical data trend for Desktop Metal'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.
Desktop Metal Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Retained Earnings | -294.26 | -328.28 | -568.61 | -1,308.95 | -1,632.23 |
Desktop Metal Quarterly Data | ||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial | -1,361.60 | -1,411.32 | -1,457.70 | -1,632.23 | -1,684.32 |
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.
Desktop Metal (NYSE:DM) 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.
Farhad Fred Ebrahimi | 10 percent owner | 191 UNIVERSITY BLVD., #246, DENVER CO 80206 |
Scott J Dussault | director | C/O DESKTOP METAL, INC., 63 THIRD AVE, BURLINGTON MA 01803 |
Jason M Cole | officer: CFO & TREASURER | C/O DESKTOP METAL, INC., 63 3RD AVENUE, BURLINGTON MA 01803 |
Ric Fulop | director, officer: Chief Executive Officer | C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803 |
Thomas Nogueira | officer: CHIEF OPERATING OFFICER | C/O DESKTOP METAL, INC., 63 3RD AVENUE, BURLINGTON MA 01803 |
Hindery Leo J. Jr. | director, other: See remarks. | C/O HMG, INC., C/O CINE LATINO, INC., 2000 PONCE DE LEON BLVD, SUITE 500, CORAL GABLES FL 33134 |
Michael M. Jafar | officer: CEO, Desktop Health | 17901 VON KARMAN AVENUE, SUITE 150, IRVINE CA 92614 |
James S Eisenstein | director | C/O AMERICAN TOWER CORP, 116 HUNTINGTON AVE, BOSTON MA 02116 |
Jeffrey R Immelt | director | GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210 |
Siblani Ali El | director, officer: CEO of EnvisionTec US, LLC | 63 THIRD AVENUE, BURLINGTON MA 01803 |
James Haley | officer: CFO & Treasurer | 63 THIRD AVENUE, BURLINGTON MA 01803 |
Arjun Aggarwal | officer: Chief Product Officer | C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803 |
Wen Hsuan Hsieh | director | C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803 |
Forest Baskett | 10 percent owner | |
Bilal Zuberi | director | C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803 |
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