Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Arandu Investimentos's retained earnings for the quarter that ended in Mar. 2026 was R$-435.84 Mil.
Arandu Investimentos's quarterly retained earnings
declined
from Sep. 2025 (R$-444.82 Mil) to Dec. 2025 (R$-445.74 Mil) but then
increased
from Dec. 2025 (R$-445.74 Mil) to Mar. 2026 (R$-435.84 Mil).
Arandu Investimentos's annual retained earnings
increased
from Dec. 2023 (R$4.61 Mil) to Dec. 2024 (R$14.12 Mil) but then
declined
from Dec. 2024 (R$14.12 Mil) to Dec. 2025 (R$-445.74 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.
Arandu Investimentos Retained Earnings Historical Data
* Premium members only.
The historical data trend for Arandu Investimentos'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 R$-435.84 Mil mean?
Arandu Investimentos (BSP:ARND3) has a Retained Earnings of R$-435.84 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Arandu Investimentos and its competitors.
Is Arandu Investimentos' Retained Earnings too high?
Arandu Investimentos' current Retained Earnings is R$-435.84 Mil. Overall, Arandu Investimentos has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Arandu Investimentos' Retained Earnings compare to BLK and BX?
Arandu Investimentos' Retained Earnings of R$-435.84 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 Arandu Investimentos and its competitors. Arandu Investimentos's current Retained Earnings is R$-435.84 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arandu Investimentos stock overvalued right now?
Based on GuruFocus' analysis, Arandu Investimentos (BSP:ARND3) is currently considered Possible Value Trap. The stock's GF Value™ is R$2.08, compared to a current price of R$0.56 — trading 73.1% below its estimated fair value. The current Retained Earnings is R$-435.84 Mil. Arandu Investimentos' overall GF Score™ is 32/100 with 5 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 Arandu Investimentos (BSP:ARND3), the current Retained Earnings is R$-435.84 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 Arandu Investimentos (BSP:ARND3) Overvalued in 2026?
Based on GuruFocus' analysis, Arandu Investimentos stock appears to be undervalued.
The current stock price of R$0.56 is trading 73.1% below its estimated GF Value™ of R$2.08.
GuruFocus considers Arandu Investimentos to be Possible Value Trap.
Key valuation signals for BSP:ARND3:
Retained Earnings: R$-435.84 Mil
GF Value™: R$2.08 vs. price of R$0.56 (73.1% below fair value)
No single metric tells the full story. See the BSP:ARND3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arandu Investimentos SA, formerly known as REAG Investimentos SA, is an independent business platform that develops customized financial solutions. The company has a wide portfolio of financial products and services allows customer segments to consider different objectives and risk profiles. The financial solutions of the company are structured and interconnected by Business Areas and supported by management, resource management, securitization, and fiduciary services.
32GF Score
Get the complete analysis for BSP:ARND3
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:ARND3 has been successfully added to your 
