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. Lifezone Metals's retained earnings for the quarter that ended in Dec. 2025 was $-468.10 Mil.
Lifezone Metals's quarterly retained earnings
increased
from Dec. 2024 ($-454.47 Mil) to Jun. 2025 ($-451.77 Mil) but then
declined
from Jun. 2025 ($-451.77 Mil) to Dec. 2025 ($-468.10 Mil).
Lifezone Metals's annual retained earnings
declined
from Dec. 2023 ($-408.17 Mil) to Dec. 2024 ($-454.47 Mil) and
declined
from Dec. 2024 ($-454.47 Mil) to Dec. 2025 ($-468.10 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.
Lifezone Metals Retained Earnings Historical Data
* Premium members only.
The historical data trend for Lifezone Metals'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 $-468.10 Mil mean?
Lifezone Metals (LZM) has a Retained Earnings of $-468.10 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Lifezone Metals and its competitors.
Is Lifezone Metals' Retained Earnings too high?
Lifezone Metals' current Retained Earnings is $-468.10 Mil. Overall, Lifezone Metals has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Lifezone Metals' Retained Earnings compare to TMCR and REA?
Lifezone Metals' Retained Earnings of $-468.10 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Retained Earnings depends on the Metals & Mining 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 Lifezone Metals and its competitors. Lifezone Metals's current Retained Earnings is $-468.10 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lifezone Metals stock overvalued right now?
Based on GuruFocus' analysis, Lifezone Metals (LZM) is currently considered Possible Value Trap. The stock's GF Value™ is $5.08, compared to a current price of $3.29 — trading 35.2% below its estimated fair value. The current Retained Earnings is $-468.10 Mil. Lifezone Metals' overall GF Score™ is 40/100 with 7 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 Lifezone Metals (LZM), the current Retained Earnings is $-468.10 Mil as of Dec. 2025. 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 Lifezone Metals (LZM) Overvalued in 2026?
Based on GuruFocus' analysis, Lifezone Metals stock appears to be undervalued.
The current stock price of $3.29 is trading 35.2% below its estimated GF Value™ of $5.08.
GuruFocus considers Lifezone Metals to be Possible Value Trap.
Key valuation signals for LZM:
Retained Earnings: $-468.10 Mil
GF Value™: $5.08 vs. price of $3.29 (35.2% below fair value)
No single metric tells the full story. See the LZM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lifezone Metals Ltd seeks to support the clean energy transition through the licensing of Hydromet Technology as an alternative to smelting and metals refining. Its business comprises three segments: Metals extraction and refining for developing and operating a vertically integrated base metal operation in the northwest region of Tanzania, and Intellectual property licensing comprises patents residing with and managed by the subsidiary and corporate. Geographically, the company operates in South Africa, Australia, and the rest of the world. The majority of its revenue is generated from Australia.
40GF Score
Get the complete analysis for LZM
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
LZM has been successfully added to your 
