PRST (Presto Automation) Retained Earnings: $-266.04 Mil (As of Mar. 2024)


What is Presto Automation Retained Earnings?

Presto Automation PRST -99.00% Retained Earnings is $-266.04 Mil as of Mar. 2024.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Presto Automation's retained earnings for the quarter that ended in Mar. 2024 was $-266.04 Mil.

Presto Automation's quarterly retained earnings declined from Sep. 2023 ($-229.89 Mil) to Dec. 2023 ($-247.95 Mil) and declined from Dec. 2023 ($-247.95 Mil) to Mar. 2024 ($-266.04 Mil).

Presto Automation's annual retained earnings declined from Jun. 2021 ($-144.47 Mil) to Jun. 2022 ($-200.78 Mil) and declined from Jun. 2022 ($-200.78 Mil) to Jun. 2023 ($-235.26 Mil).

Presto Automation  (OTCPK:PRST) 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.

Presto Automation Retained Earnings Historical Data

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The historical data trend for Presto Automation'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.

Presto Automation Retained Earnings Chart

Presto Automation Annual Data
Trend Jun20 Jun21 Jun22 Jun23
Retained Earnings
-94.67 -144.47 -200.78 -235.26

Presto Automation Quarterly Data
Jun20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -198.70 -235.26 -229.89 -247.95 -266.04

Presto Automation 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.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $-266.04 Mil mean?
Presto Automation (PRST) has a Retained Earnings of $-266.04 Mil as of Mar. 2024. Retained earnings is the amount of net income not issued to shareholders. View historical data on Presto Automation and its competitors.
Is Presto Automation's Retained Earnings too high?
Presto Automation's current Retained Earnings is $-266.04 Mil.
How does Presto Automation's Retained Earnings compare to BOMO and CRM?
Presto Automation's Retained Earnings of $-266.04 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Software company?
A good Retained Earnings depends on the Software industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Presto Automation and its competitors. Presto Automation's current Retained Earnings is $-266.04 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Presto Automation stock overvalued right now?
Presto Automation (PRST) has a current Retained Earnings of $-266.04 Mil. The current Retained Earnings is $-266.04 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Presto Automation (PRST), the current Retained Earnings is $-266.04 Mil as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Presto Automation Business Description

Address 985 Industrial Road, San Carlos, CA, USA, 94070
Presto Automation Inc overlays next-gen digital solutions onto the physical world. It provides an accurate, next-gen solution that uses artificial intelligence to automate speech recognition for restaurant drive-thru. The Company earns substantially all of its revenue in the United States.