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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Safi Silver's retained earnings for the quarter that ended in Dec. 2025 was $-52.24 Mil.
Safi Silver's quarterly retained earnings
declined
from Jun. 2025 ($-68.97 Mil) to Sep. 2025 ($-71.53 Mil) but then
increased
from Sep. 2025 ($-71.53 Mil) to Dec. 2025 ($-52.24 Mil).
Safi Silver's annual retained earnings
increased
from Mar. 2023 ($-65.74 Mil) to Mar. 2024 ($-63.52 Mil) but then
declined
from Mar. 2024 ($-63.52 Mil) to Mar. 2025 ($-65.42 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.
Safi Silver Retained Earnings Historical Data
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The historical data trend for Safi Silver'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 $-52.24 Mil mean?
Safi Silver (PNTZF) has a Retained Earnings of $-52.24 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Safi Silver and its competitors.
Is Safi Silver's Retained Earnings too high?
Safi Silver's current Retained Earnings is $-52.24 Mil. Overall, Safi Silver has a GF Score™ of 44/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Safi Silver's Retained Earnings compare to EXK?
Safi Silver's Retained Earnings of $-52.24 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 Safi Silver and its competitors. Safi Silver's current Retained Earnings is $-52.24 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safi Silver stock overvalued right now?
Based on GuruFocus' analysis, Safi Silver (PNTZF) is currently considered Significantly Undervalued. The stock's GF Value™ is $5.93, compared to a current price of $0.20 — trading 96.6% below its estimated fair value. The current Retained Earnings is $-52.24 Mil. Safi Silver's overall GF Score™ is 44/100 with 2 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 Safi Silver (PNTZF), the current Retained Earnings is $-52.24 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 Safi Silver (PNTZF) Overvalued in 2026?
Based on GuruFocus' analysis, Safi Silver stock appears to be undervalued.
The current stock price of $0.20 is trading 96.6% below its estimated GF Value™ of $5.93.
GuruFocus considers Safi Silver to be Significantly Undervalued.
Key valuation signals for PNTZF:
Retained Earnings: $-52.24 Mil
GF Value™: $5.93 vs. price of $0.20 (96.6% below fair value)
No single metric tells the full story. See the PNTZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safi Silver Corp is a Canadian exploration company with its core focus on polymetallic silver holdings in southern Morocco. Its project Portfolio includes the Addana Project, the Silver Hill Project, and the Kalahari Copper Project.
44GF Score
Get the complete analysis for PNTZF
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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