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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AdaptHealth's retained earnings for the quarter that ended in Jun. 2026 was $-783 Mil.
AdaptHealth's quarterly retained earnings
declined
from Dec. 2025 ($-633 Mil) to Mar. 2026 ($-649 Mil) and
declined
from Mar. 2026 ($-649 Mil) to Jun. 2026 ($-783 Mil).
AdaptHealth's annual retained earnings
increased
from Dec. 2023 ($-653 Mil) to Dec. 2024 ($-562 Mil) but then
declined
from Dec. 2024 ($-562 Mil) to Dec. 2025 ($-633 Mil).
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.
AdaptHealth Retained Earnings Historical Data
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The historical data trend for AdaptHealth'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.
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.
AdaptHealth (AHCO) has a Retained Earnings of $-783 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on AdaptHealth and its competitors.
Is AdaptHealth's Retained Earnings too high?
AdaptHealth's current Retained Earnings is $-783 Mil. Overall, AdaptHealth has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AdaptHealth's Retained Earnings compare to INSP and IART?
AdaptHealth's Retained Earnings of $-783 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Medical Devices & Instruments company?
A good Retained Earnings depends on the Medical Devices & Instruments industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on AdaptHealth and its competitors. AdaptHealth's current Retained Earnings is $-783 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AdaptHealth stock overvalued right now?
Based on GuruFocus' analysis, AdaptHealth (AHCO) is currently considered Possible Value Trap. The stock's GF Value™ is $10.50, compared to a current price of $5.66 — trading 46.1% below its estimated fair value. The current Retained Earnings is $-783 Mil. AdaptHealth's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For AdaptHealth (AHCO), the current Retained Earnings is $-783 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is AdaptHealth (AHCO) Overvalued in 2026?
Based on GuruFocus' analysis, AdaptHealth stock appears to be undervalued.
The current stock price of $5.66 is trading 46.1% below its estimated GF Value™ of $10.50.
GuruFocus considers AdaptHealth to be Possible Value Trap.
Key valuation signals for AHCO:
Retained Earnings: $-783 Mil
GF Value™: $10.50 vs. price of $5.66 (46.1% below fair value)
No single metric tells the full story. See the AHCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AdaptHealth Corp is engaged in providing patient-centered, healthcare-at-home solutions including home medical equipment (HME), medical supplies, and related services. The Company operates under four reportable segments that align with its product categories: (i) Sleep Health, (ii) Respiratory Health, (iii) Diabetes Health, and (iv) Wellness at Home. The company generates majority of its revenue from the Sleep Health segment. The Sleep Health segment provides sleep therapy equipment, supplies and related services (including continuous positive airway pressure and BiLevel services) to individuals for the treatment of obstructive sleep apnea.
64GF Score
Get the complete analysis for AHCO
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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