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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Offerpad Solutions's retained earnings for the quarter that ended in Mar. 2024 was $-415.4 Mil.
Offerpad Solutions's quarterly retained earnings declined from Sep. 2023 ($-382.4 Mil) to Dec. 2023 ($-397.9 Mil) and declined from Dec. 2023 ($-397.9 Mil) to Mar. 2024 ($-415.4 Mil).
Offerpad Solutions's annual retained earnings declined from Dec. 2021 ($-132.1 Mil) to Dec. 2022 ($-280.7 Mil) and declined from Dec. 2022 ($-280.7 Mil) to Dec. 2023 ($-397.9 Mil).
The historical data trend for Offerpad Solutions'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.
Offerpad Solutions Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Retained Earnings | - | -138.52 | -132.06 | -280.67 | -397.89 |
Offerpad Solutions Quarterly Data | ||||||||||||||||
Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial | -340.12 | -362.46 | -382.45 | -397.89 | -415.40 |
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.
Offerpad Solutions (NYSE:OPAD) 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.
Jawad A Ahsan | officer: Chief Financial Officer | 17800 N 85TH ST, SCOTTSDALE AZ 85255 |
Roberto Marco Sella | director | 2400 MARKET STREET, SUITE 302, PHILADELPHIA PA 19103 |
Kenneth D Degiorgio | director | |
Ryan Ohara | director | 6922 HOLLYWOOD BLVD., 12TH FL, LOS ANGELES CA 90028 |
Stephen Michael Johnson | officer: Chief Operating Officer | C/O OFFERPAD SOLUTIONS INC., 2150 E GERMAN ROAD, SUITE 1, CHANDLER AZ 85286 |
Benjamin Adam Aronovitch | officer: Chief Legal Officer | C/O OFFERPAD SOLUTIONS INC., 2150 E GERMAN ROAD, SUITE 1, CHANDLER AZ 85286 |
Brian Bair | director, officer: Chief Executive Officer | C/O OFFERPAD SOLUTIONS INC., 2150 E GERMAN ROAD, SUITE 1, CHANDLER AZ 85286 |
Katherine Curnutte | director | 4301 50TH STREET, N.W., SUITE 300, PMB 1044, WASHINGTON DC 20007 |
Ll Capital Partners I, L.p. | 10 percent owner | C/O LL FUNDS, LLC, 2400 MARKET STREET, SUITE 302, PHILADELPHIA PA 19103 |
Michael S. Burnett | officer: Chief Financial Officer | 8601 NORTH SCOTTSDALE ROAD, SUITE 225, SCOTTSDALE AZ 85253 |
First American Financial Corp | 10 percent owner | 1 FIRST AMERICAN WAY, SANTA ANA CA 92707 |
Sheryl Palmer | director | 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251 |
Supernova Partners Llc | 10 percent owner | 4520 DEXTER STREET, N.W., WASHINGTON DC 20007 |
Michael S. Clifton | officer: Chief Financial Officer | C/O SUPERNOVA PARTNERS ACQUISITION CO., 4520 DEXTER STREET, N.W., WASHINGTON DC 20007 |
Gregg Renfrew | director | C/O SUPERNOVA PARTNERS ACQUISITION CO., 4520 DEXTER STREET, N.W., WASHINGTON DC 20007 |
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