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Marti Technologies (Marti Technologies) Retained Earnings : $-65.61 Mil (As of Dec. 2023)


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What is Marti Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Marti Technologies's retained earnings for the quarter that ended in Dec. 2023 was $-65.61 Mil.

Marti Technologies's quarterly retained earnings declined from Dec. 2022 ($-39.18 Mil) to Sep. 2023 ($-51.18 Mil) and declined from Sep. 2023 ($-51.18 Mil) to Dec. 2023 ($-65.61 Mil).

Marti Technologies's annual retained earnings declined from Dec. 2021 ($-24.94 Mil) to Dec. 2022 ($-39.18 Mil) and declined from Dec. 2022 ($-39.18 Mil) to Dec. 2023 ($-65.61 Mil).


Marti Technologies Retained Earnings Historical Data

The historical data trend for Marti Technologies'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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Marti Technologies Retained Earnings Chart

Marti Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Retained Earnings
-10.46 -24.94 -39.18 -65.61

Marti Technologies Quarterly Data
Dec20 Sep21 Dec21 Sep22 Dec22 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial -24.94 -34.24 -39.18 -51.18 -65.61

Marti Technologies 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.


Marti Technologies  (AMEX:MRT) 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.


Marti Technologies (Marti Technologies) Business Description

Traded in Other Exchanges
N/A
Address
2001 S Street NW, Suite 320, Washington, DC, USA, 20009
Marti Technologies Inc is a mobility app, operating a fleet of over 48,000 e-mopeds, e-bikes, and e-scooters, serviced by proprietary software systems and IoT infrastructure.
Executives
Adam S Metz director 110 NORTH WACKER DRIVE, CHICAGO IL 60606
Shelley Guiley director 2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Kemal Kaya director, officer: Chief Executive Officer 2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Michael Tanzer officer: Chief Financial Officer 2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Daniel Freifeld director, 10 percent owner, officer: President and CIO 2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Galata Acquisition Sponsor Llc 10 percent owner 2001 S STREET NW, SUITE 320, WASHINGTON DC 20009
Timothy Michael Shannon director 2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009

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