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Pineapple Financial (Pineapple Financial) Retained Earnings : $-7.19 Mil (As of Feb. 2024)


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What is Pineapple Financial Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Pineapple Financial's retained earnings for the quarter that ended in Feb. 2024 was $-7.19 Mil.

Pineapple Financial's quarterly retained earnings declined from Aug. 2023 ($-5.66 Mil) to Nov. 2023 ($-6.55 Mil) and declined from Nov. 2023 ($-6.55 Mil) to Feb. 2024 ($-7.19 Mil).

Pineapple Financial's annual retained earnings declined from Aug. 2021 ($-0.04 Mil) to Aug. 2022 ($-2.85 Mil) and declined from Aug. 2022 ($-2.85 Mil) to Aug. 2023 ($-5.66 Mil).


Pineapple Financial Retained Earnings Historical Data

The historical data trend for Pineapple Financial'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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Pineapple Financial Retained Earnings Chart

Pineapple Financial Annual Data
Trend Aug21 Aug22 Aug23
Retained Earnings
-0.04 -2.85 -5.66

Pineapple Financial Quarterly Data
Aug21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.25 -5.06 -5.66 -6.55 -7.19

Pineapple Financial 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.


Pineapple Financial  (AMEX:PAPL) 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.


Pineapple Financial (Pineapple Financial) Business Description

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Address
111 Gordon Baker Road, Unit 200, North York, Toronto, ON, CAN, M2H 3R1
Pineapple Financial Inc is a Canada-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers. Through its data-driven systems together with cloud-based tools, it offers advantages in the Canadian mortgage industry relative to alternative mortgage broker arrangements and also provides back office services.