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Planet Labs PBC (Planet Labs PBC) Retained Earnings : $-1,079.8 Mil (As of Jan. 2024)


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What is Planet Labs PBC Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Planet Labs PBC's retained earnings for the quarter that ended in Jan. 2024 was $-1,079.8 Mil.

Planet Labs PBC's quarterly retained earnings declined from Jul. 2023 ($-1,011.7 Mil) to Oct. 2023 ($-1,049.7 Mil) and declined from Oct. 2023 ($-1,049.7 Mil) to Jan. 2024 ($-1,079.8 Mil).

Planet Labs PBC's annual retained earnings declined from Jan. 2022 ($-777.0 Mil) to Jan. 2023 ($-939.3 Mil) and declined from Jan. 2023 ($-939.3 Mil) to Jan. 2024 ($-1,079.8 Mil).


Planet Labs PBC Retained Earnings Historical Data

The historical data trend for Planet Labs PBC'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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Planet Labs PBC Retained Earnings Chart

Planet Labs PBC Annual Data
Trend Jan20 Jan21 Jan22 Jan23 Jan24
Retained Earnings
-512.80 -639.91 -777.03 -939.30 -1,079.81

Planet Labs PBC Quarterly Data
Jan20 Jul20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 Premium Member Only -939.30 -973.74 -1,011.72 -1,049.72 -1,079.81

Planet Labs PBC 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.


Planet Labs PBC  (NYSE:PL) 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.


Planet Labs PBC (Planet Labs PBC) Business Description

Traded in Other Exchanges
N/A
Address
645 Harrison Street, 4th Floor, San Francisco, CA, USA, 94107
Planet Labs PBC is an Earth-imaging company. The company provides daily satellite data that helps businesses, governments, researchers, and journalists understand the physical world and take action.
Executives
Ashley F. Johnson officer: See Remarks C/O PLANET LABS PBC, 645 HARRISON STREET, FLOOR 4, SAN FRANCISCO CA 94107
William Spencer Marshall director, officer: See Remarks C/O PLANET LABS PBC, 645 HARRISON STREET, FLOOR 4, SAN FRANCISCO CA 94107
Kevin Weil officer: President, Product & Business C/O PLANET LABS PBC,, 645 HARRISON STREET, FLOOR 4, SAN FRANCISCO CA 94107
Kristen Robinson director 2101 WEBSTER STREET #1650, OAKLAND CA 94612
Masi Niccolo De director, officer: Chief Executive Officer 500 HOWARD ST., SUITE 300, SAN FRANCISCO CA 94105
Ita M Brennan director 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Xxvi Holdings Inc. 10 percent owner 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Vijaya Gadde director C/O TWITTER INC, 1355 MARKET STREET SUITE 900, SAN FRANCISCO CA 94103
Roizen Jo Ann Heidi director
Carl Bass director C/O AUTODESK INC, 111 MELNNIS PARKWAY, SAN RAFAEL CA 94903
Alphabet Inc. 10 percent owner 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Google Llc 10 percent owner 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Robert H Schingler director, officer: See Remarks C/O PLANET LABS PBC, 645 HARRISON STREET, FLOOR 4, SAN FRANCISCO CA 94107
Darla Anderson director C/O GLU MOBILE INC., 875 HOWARD STREET, SUITE 100, SAN FRANCISCO CA 94103
Dmy Sponsor Iv, Llc director, 10 percent owner 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144