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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Rush Street Interactive's retained earnings for the quarter that ended in Dec. 2023 was $-138.3 Mil.
Rush Street Interactive's quarterly retained earnings declined from Jun. 2023 ($-132.4 Mil) to Sep. 2023 ($-136.6 Mil) and declined from Sep. 2023 ($-136.6 Mil) to Dec. 2023 ($-138.3 Mil).
Rush Street Interactive's annual retained earnings declined from Dec. 2021 ($-81.4 Mil) to Dec. 2022 ($-120.0 Mil) and declined from Dec. 2022 ($-120.0 Mil) to Dec. 2023 ($-138.3 Mil).
The historical data trend for Rush Street Interactive'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.
Rush Street Interactive Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Retained Earnings | - | -61.89 | -81.38 | -120.01 | -138.32 |
Rush Street Interactive 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 | -127.27 | -132.41 | -136.59 | -138.32 | - |
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.
Rush Street Interactive (NYSE:RSI) 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.
Kyle Sauers | officer: Chief Financial Officer | C/O ECHO GLOBAL LOGISTICS, 600 W. CHICAGO AVENUE, SUITE 725, CHICAGO IL 60654 |
Mattias Stetz | officer: Chief Operating Officer | C/O RUSH STREET INTERACTIVE, LP, 900 N. MICHIGAN AVENUE, SUITE 1600, CHICAGO IL 60611 |
Richard Todd Schwartz | officer: President | C/O RUSH STREET INTERACTIVE, LP, 900 N. MICHIGAN AVENUE, SUITE 1600, CHICAGO IL 60610 |
Neil Bluhm | director, 10 percent owner | 900 NORTH MICHIGAN AVENUE, SUITE 1900, CHICAGO IL 60611 |
Gregory A Carlin | director, 10 percent owner, officer: Chief Executive Officer | C/O NEAL GERBER & EISENBERG, 2 N. LASALLE STREET, SUITE 1700, CHICAGO IL 60602 |
Daniel W Yih | director | C/O STARWOOD HOTELS & RESORTS WORLDWIDE, 44 SOUTH BROADWAY, WHITE PLAINS NY 10601 |
Paul Wierbicki | director | C/O RUSH STREET INTERACTIVE, LP, 900 N. MICHIGAN AVENUE, SUITE 1600, CHICAGO IL 60610 |
Masi Niccolo De | officer: Chief Executive Officer | 500 HOWARD ST., SUITE 300, SAN FRANCISCO CA 94105 |
Harry L. You | director, 10 percent owner, officer: Chairman | EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
Sheli Z Rosenberg | director | C/O EQUITY GROUP INVESTMENTS, L.L.C., TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606 |
Leslie N Bluhm | director | 900 NORTH MICHIGAN AVE, CHICAGO IL 60611 |
Einar Roosileht | officer: Chief Information Officer | C/O RUSH STREET INTERACTIVE, LP, 900 N. MICHIGAN AVENUE, SUITE 1600, CHICAGO IL 60610 |
James Alan Gordon | director | C/O RUSH STREET INTERACTIVE, LP, 900 N. MICHIGAN AVENUE, SUITE 1600, CHICAGO IL 60610 |
Judith Gold | director | C/O RUSH STREET INTERACTIVE, LP, 900 N. MICHIGAN AVENUE, SUITE 1600, CHICAGO IL 60610 |
Ngb 2016 Revocable Trust | director, 10 percent owner | 900 N. MICHIGAN AVENUE, SUITE 1600, CHICAGO IL 60611 |
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