Momentus (Momentus) Retained Earnings : $-358.95 Mil (As of Sep. 2023)

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What is Momentus Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Momentus's retained earnings for the quarter that ended in Sep. 2023 was $-358.95 Mil.

Momentus's quarterly retained earnings declined from Mar. 2023 ($-324.95 Mil) to Jun. 2023 ($-343.79 Mil) and declined from Jun. 2023 ($-343.79 Mil) to Sep. 2023 ($-358.95 Mil).

Momentus's annual retained earnings increased from Dec. 2020 ($-329.34 Mil) to Dec. 2021 ($-208.68 Mil) but then declined from Dec. 2021 ($-208.68 Mil) to Dec. 2022 ($-304.13 Mil).

Momentus Retained Earnings Historical Data

The historical data trend for Momentus'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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Momentus Retained Earnings Chart

Momentus Annual Data

Trend

Dec20

Dec21

Dec22

Retained Earnings

-329.34

-208.68

-304.13

Momentus Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial								-279.69	-304.13	-324.95	-343.79	-358.95

Momentus 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.

Momentus (NAS:MNTS) 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.

Momentus (Momentus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Momentus Inc (NAS:MNTS) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

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Address

3901 N. First Street, San Jose, CA, USA, 95134

Website

https://www.momentus.space

Momentus Inc offers in-space infrastructure services by building transfer and service vehicles that carry satellites and hosted payloads between orbits in space. It is a provider of three critical functions in the new space economy: Space Transportation, Satellite as a Service, and In-Orbit Servicing.

Executives

Brian Kabot	director, 10 percent owner, officer: Chief Executive Officer	1345 ABBOT KINNEY BLVD., VENICE CA 90291
Prime Movers Lab Fund I Lp	10 percent owner	P.O. BOX 12829, JACKSON WY 83002
Victorino Mercado	director	C/O MOMENTUS INC., 3050 KENNETH ST., SANTA CLARA CA 95054
Eric R Williams	officer: Chief Financial Officer	3901 N. FIRST STREET, SAN JOSE CA 95134
Dennis R. Mahoney	officer: Interim CFO	3901 N. FIRST STREET, SAN JOSE CA 95134
Prime Movers Growth Fund I Lp	10 percent owner	6765 CRYSTAL SPRINGS ROAD, TETON VILLAGE WY 83025
Momentus Pml Spv 3 Lp	10 percent owner	6765 CRYSTAL SPRINGS RD, TETON VILLAGE WY 83025
Dakin Sloss	10 percent owner	126 E 56TH ST, 30TH FLOOR, NEW YORK NY 10022
Momentus Pml Spv 2 Lp	10 percent owner	6765 CRYSTAL SPRINGS RD, TETON COUNTY WY 83025
Momentus Pml Spv 1 Lp	10 percent owner	PO BOX 12829, JACKSON WY 83002
Robert E Schwarz	officer: Chief Technology Officer	C/O MOMENTUS INC., 3901 N. FIRST STREET, SAN JOSE CA 95134
Jikun Kim	officer: Chief Financial Officer	181 W. HUNTINGTON DRIVE, SUITE 202, MONROVIA CA 91016
Kennedy Fred G Iii	officer: President	C/O MOMENTUS INC., 3050 KENNETH ST., SANTA CLARA CA 95054
Dawn A. Harms	officer: Chief Revenue Officer	C/O MOMENTUS INC., 3050 KENNETH ST., SANTA CLARA CA 95054
John C. Rood	director, officer: Chief Executive Officer	C/O MOMENTUS INC., 3050 KENNETH ST., SANTA CLARA CA 95054