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LM Funding America (LM Funding America) Retained Earnings : $-56.86 Mil (As of Mar. 2024)


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What is LM Funding America Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. LM Funding America's retained earnings for the quarter that ended in Mar. 2024 was $-56.86 Mil.

LM Funding America's quarterly retained earnings declined from Sep. 2023 ($-57.37 Mil) to Dec. 2023 ($-58.96 Mil) but then increased from Dec. 2023 ($-58.96 Mil) to Mar. 2024 ($-56.86 Mil).

LM Funding America's annual retained earnings declined from Dec. 2021 ($-13.78 Mil) to Dec. 2022 ($-43.02 Mil) and declined from Dec. 2022 ($-43.02 Mil) to Dec. 2023 ($-58.96 Mil).


LM Funding America Retained Earnings Historical Data

The historical data trend for LM Funding America'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.

LM Funding America Retained Earnings Chart

LM Funding America Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.50 -18.54 -13.78 -43.02 -58.96

LM Funding America Quarterly Data
Jun19 Sep19 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 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 Premium Member Only Premium Member Only Premium Member Only -48.40 -52.95 -57.37 -58.96 -56.86

LM Funding America 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.


LM Funding America  (NAS:LMFA) 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.


LM Funding America (LM Funding America) Business Description

Traded in Other Exchanges
Address
1200 Platt Street, Suite 1000, Tampa, FL, USA, 33602
LM Funding America Inc is a financial services company. The company provides funding to nonprofit community associations located in the state of Florida and to nonprofit community associations in the states of Washington and Colorado. Its products include Original Product and New Neighbor Guaranty. Its original product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. It currently has two lines of business recently commenced cryptocurrency mining business and historical specialty finance business. The Company has two operating segments: Specialty Finance and Mining Operations.
Executives
Ryan H Duran officer: Chief Financial Officer 3408 W. CHEROKEE AVE, TAMPA FL 33611
Bruce M. Rodgers director, officer: Chairman, CEO and President 302 KNIGHTS RUN AVE., STE. 1000, TAMPA FL 33602
Richard D. Russell officer: Vice President of Operations 3201 W BAY VISTA AVE, TAMPA FL 33611
Andrew L. Graham director 3802 COCONUT PALM DRIVE, TAMPA FL 33619
Tian Zhang director 1200 WEST PLATT STREET, SUITE 100, TAMPA FL 33606
Douglas I. Mccree director 302 KNIGHTS RUN AVE., STE. 1000, TAMPA FL 33602
Mint Capital Advisors Ltd 10 percent owner WESTERN ROAD, NASSAU C5 00000
Frank Charles Silcox director FS VENTURES, LLC, 315 S. PLANT AVENUE, TAMPA FL 33606
User-friendly Holding, Llc 10 percent owner 10200 GROGANS MILL RD., SUITE 440, THE WOODLANDS TX 77380
User-friendly Phone Book, Llc 10 percent owner 10200 GROGANS MILL RD., SUITE 440, THE WOODLANDS TX 77380
Xueyuan Han 10 percent owner 22 WHITE PLACE, WEST ORANGE NJ 07052
Bz Industrial Ltd 10 percent owner 22 WHITE PLACE, WEST ORANGE NJ 07052
Craven House Capital North America Llc 10 percent owner 107 WEST FEDERAL ST. PO BOX 480, MIDDLEBURG VA 20018-0480
Frederick J Mills director 3006 EUCLID AVE, TAMPA FL 33611
Carollinn Gould director, 10 percent owner, officer: VP - General Manager 302 KNIGHTS RUN AVE., STE. 1000, TAMPA FL 33602

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