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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Energy Focus's retained earnings for the quarter that ended in Jun. 2026 was $-156.94 Mil.
Energy Focus's quarterly retained earnings
declined
from Dec. 2025 ($-155.92 Mil) to Mar. 2026 ($-156.06 Mil) and
declined
from Mar. 2026 ($-156.06 Mil) to Jun. 2026 ($-156.94 Mil).
Energy Focus's annual retained earnings
declined
from Dec. 2023 ($-153.32 Mil) to Dec. 2024 ($-154.90 Mil) and
declined
from Dec. 2024 ($-154.90 Mil) to Dec. 2025 ($-155.92 Mil).
Energy Focus (NAS:EFOI) 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.
Energy Focus Retained Earnings Historical Data
* Premium members only.
The historical data trend for Energy Focus'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 $-156.94 Mil mean?
Energy Focus (EFOI) has a Retained Earnings of $-156.94 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Energy Focus and its competitors.
Is Energy Focus' Retained Earnings too high?
Energy Focus' current Retained Earnings is $-156.94 Mil. Overall, Energy Focus has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Energy Focus' Retained Earnings compare to NTZ and MWYN?
Energy Focus' Retained Earnings of $-156.94 Mil can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Retained Earnings depends on the Furnishings, Fixtures & Appliances 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 Energy Focus and its competitors. Energy Focus's current Retained Earnings is $-156.94 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energy Focus stock overvalued right now?
Based on GuruFocus' analysis, Energy Focus (EFOI) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.35, compared to a current price of $2.92 — trading 116.3% above its estimated fair value. The current Retained Earnings is $-156.94 Mil. Energy Focus' overall GF Score™ is 45/100 with 3 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 Energy Focus (EFOI), the current Retained Earnings is $-156.94 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 Energy Focus (EFOI) Overvalued in 2026?
Based on GuruFocus' analysis, Energy Focus stock appears to be overvalued.
The current stock price of $2.92 is trading 116.3% above its estimated GF Value™ of $1.35.
GuruFocus considers Energy Focus to be Significantly Overvalued.
Key valuation signals for EFOI:
Retained Earnings: $-156.94 Mil
GF Value™: $1.35 vs. price of $2.92 (116.3% above fair value)
No single metric tells the full story. See the EFOI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Energy Focus Inc specializes in designing, developing, manufacturing, and selling energy-efficient lighting systems and controls. It provides LED lighting solutions for both commercial and military maritime markets (MMM). Its core products include robust lighting fixtures and lamps for navy and military applications, Energy Storage Systems (ESS), Uninterruptible Power Supply (UPS), and tubular LED (TLED) lighting products, including battery backup units as well as general commercial and maritime lighting fixtures. The company operates in a single business segment that includes the marketing and sale of commercial and MMM lighting products and controls. The company generates a majority of its revenue from the sales of military maritime products in the United States.
45GF Score
Get the complete analysis for EFOI
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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