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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Barings BDC's retained earnings for the quarter that ended in Mar. 2026 was $-709.5 Mil.
Barings BDC's quarterly retained earnings
declined
from Sep. 2025 ($-677.9 Mil) to Dec. 2025 ($-702.3 Mil) and
declined
from Dec. 2025 ($-702.3 Mil) to Mar. 2026 ($-709.5 Mil).
Barings BDC's annual retained earnings
increased
from Dec. 2023 ($-658.0 Mil) to Dec. 2024 ($-656.7 Mil) but then
declined
from Dec. 2024 ($-656.7 Mil) to Dec. 2025 ($-702.3 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.
Barings BDC Retained Earnings Historical Data
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The historical data trend for Barings BDC'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.
What does a Retained Earnings of $-709.5 Mil mean?
Barings BDC (BBDC) has a Retained Earnings of $-709.5 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Barings BDC and its competitors.
Is Barings BDC's Retained Earnings too high?
Barings BDC's current Retained Earnings is $-709.5 Mil. Overall, Barings BDC has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Barings BDC's Retained Earnings compare to PHK and OXLC?
Barings BDC's Retained Earnings of $-709.5 Mil can be compared against companies in the Asset Management 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 an Asset Management company?
A good Retained Earnings depends on the Asset Management 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 Barings BDC and its competitors. Barings BDC's current Retained Earnings is $-709.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Barings BDC stock overvalued right now?
Based on GuruFocus' analysis, Barings BDC (BBDC) is currently considered Fairly Valued. The stock's GF Value™ is $8.66, compared to a current price of $8.23 — trading 5% below its estimated fair value. The current Retained Earnings is $-709.5 Mil. Barings BDC's overall GF Score™ is 67/100 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 Barings BDC (BBDC), the current Retained Earnings is $-709.5 Mil as of Mar. 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 Barings BDC (BBDC) Overvalued in 2026?
Based on GuruFocus' analysis, Barings BDC stock appears to be undervalued.
The current stock price of $8.23 is trading 5% below its estimated GF Value™ of $8.66.
GuruFocus considers Barings BDC to be Fairly Valued.
Key valuation signals for BBDC:
Retained Earnings: $-709.5 Mil
GF Value™: $8.66 vs. price of $8.23 (5% below fair value)
No single metric tells the full story. See the BBDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Barings BDC Inc operates as a closed-end, non-diversified investment company and has elected to be treated as a business development company. The company's investment objective is to generate current income by investing directly in privately held middle-market companies to help these companies fund acquisitions, growth, or refinancing. It employs fundamental credit analysis and targets investments in businesses with low levels of cyclicality and operating risk relative to other businesses in this market segment. The holding size of each position will generally be dependent upon a number of factors including total facility size, pricing and structure, and the number of other lenders in the facility.
67GF Score
Get the complete analysis for BBDC
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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