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WM Technology (WM Technology) Retained Earnings : $-63.3 Mil (As of Mar. 2024)


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What is WM Technology Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. WM Technology's retained earnings for the quarter that ended in Mar. 2024 was $-63.3 Mil.

WM Technology's quarterly retained earnings declined from Sep. 2023 ($-57.4 Mil) to Dec. 2023 ($-64.5 Mil) but then increased from Dec. 2023 ($-64.5 Mil) to Mar. 2024 ($-63.3 Mil).

WM Technology's annual retained earnings declined from Dec. 2021 ($61.4 Mil) to Dec. 2022 ($-54.6 Mil) and declined from Dec. 2022 ($-54.6 Mil) to Dec. 2023 ($-64.5 Mil).


WM Technology Retained Earnings Historical Data

The historical data trend for WM Technology'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.

* Premium members only.

WM Technology Retained Earnings Chart

WM Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
- - 61.37 -54.62 -64.52

WM Technology Quarterly Data
Dec19 Jun20 Sep20 Dec20 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 Premium Member Only Premium Member Only Premium Member Only -57.10 -55.87 -57.41 -64.52 -63.28

WM Technology 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.


WM Technology  (NAS:MAPS) 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.


WM Technology (WM Technology) Business Description

Traded in Other Exchanges
Address
41 Discovery, Irvine, CA, USA, 92618
WM Technology Inc is a technology and software infrastructure provider to the cannabis industry. It comprises B2C platform Weedmaps, and B2B software WM Business.
Executives
Duncan Grazier officer: Chief Technology Officer C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Brian Camire officer: General Counsel 41 DISCOVERY, IRVINE CA 92618
Olga Gonzalez director 41 DISCOVERY, IRVINE CA 92618
Anthony Bay director
Brenda Freeman director C/O HERMAN MILLER INC, 855 EAST MAIN AVE, ZEELAND MI 49426
Fiona Tan director 41 DISCOVERY, IRVINE CA 92618
Scott Gordon director, officer: CEO and Chairman 1114 6TH AVE, 41ST FLOOR, NEW YORK NY 10036
Randa Mcminn officer: Chief Marketing Officer C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Mary Hoitt officer: Interim CFO C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Arden Lee officer: Chief Financial Officer 41 DISCOVERY, IRVINE CA 92618
Juan Jose Feijoo-osorio officer: Chief Marketing Officer 41 DISCOVERY, IRVINE CA 92618
Justin Dean officer: CTO and CIO 41 DISCOVERY, IRVINE CA 92618
Christopher Beals director, officer: Chief Executive Officer 41 DISCOVERY, IRVINE CA 92618
Justin Hartfield director, 10 percent owner 2175 PALMER PLACE, TUSTIN CA 92782
Douglas Francis director, 10 percent owner 49 DISCOVERY, STE 200, IRVINE CA 92618