7GC Holdings (7GC Holdings) Retained Earnings : $-17.29 Mil (As of Sep. 2023)

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What is 7GC Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. 7GC Holdings's retained earnings for the quarter that ended in Sep. 2023 was $-17.29 Mil.

7GC Holdings's quarterly retained earnings declined from Mar. 2023 ($-14.64 Mil) to Jun. 2023 ($-16.37 Mil) and declined from Jun. 2023 ($-16.37 Mil) to Sep. 2023 ($-17.29 Mil).

7GC Holdings's annual retained earnings increased from Dec. 2020 ($-31.77 Mil) to Dec. 2021 ($-20.14 Mil) and increased from Dec. 2021 ($-20.14 Mil) to Dec. 2022 ($-13.48 Mil).

7GC Holdings Retained Earnings Historical Data

The historical data trend for 7GC Holdings'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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7GC Holdings Retained Earnings Chart

7GC Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Retained Earnings

-31.77

-20.14

-13.48

7GC Holdings Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial								-10.31	-13.48	-14.64	-16.37	-17.29

7GC Holdings 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.

7GC Holdings (NAS:VII) 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.

7GC Holdings (7GC Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 7GC & Co Holdings Inc (NAS:VII) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

388 Market Street, Suite 1300, San Francisco, CA, USA, 94111

Website

https://www.7gc.holdings

7GC & Co Holdings Inc is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

Executives

Milton Joseph Beck	director, 10 percent owner	3485 N. PINES WAY SUITE 110, WILSON WY 83014
Jack Leeney	director, 10 percent owner, officer: COB, CEO and President	3485 N. PINES WAY SUITE 110, WILSON WY 83014
Thomas D Hennessy	director, 10 percent owner	3485 N. PINES WAY SUITE 110, WILSON WY 83014
Robinson Courtney A	director	3485 N. PINES WAY SUITE 110, WILSON WY 83014
7gc & Co. Holdings Llc	10 percent owner	188 KING STREET, SUITE 308, SAN FRANCISCO CA 94107
Christopher Dillon Walsh	officer: CFO, COO and Secretary	388 MARKET STREET, SUITE 1300, SAN FRANCISCO CA 94111
Patrick Eggen	director	388 MARKET STREET, SUITE 1300, SAN FRANCISCO CA 94111
Kent Schofield	director	388 MARKET STREET, SUITE 1300, SAN FRANCISCO CA 94111
Tripp Jones	director	388 MARKET STREET, SUITE 1300, SAN FRANCISCO CA 94111