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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. 91APP's retained earnings for the quarter that ended in Mar. 2026 was NT$1,648 Mil.
91APP's quarterly retained earnings
increased
from Sep. 2025 (NT$1,579 Mil) to Dec. 2025 (NT$1,746 Mil) but then
declined
from Dec. 2025 (NT$1,746 Mil) to Mar. 2026 (NT$1,648 Mil).
91APP's annual retained earnings
increased
from Dec. 2023 (NT$1,140 Mil) to Dec. 2024 (NT$1,487 Mil) and
increased
from Dec. 2024 (NT$1,487 Mil) to Dec. 2025 (NT$1,746 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.
91APP Retained Earnings Historical Data
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The historical data trend for 91APP'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 NT$1,648 Mil mean?
91APP (ROCO:6741) has a Retained Earnings of NT$1,648 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on 91APP and its competitors.
Is 91APP's Retained Earnings too high?
91APP's current Retained Earnings is NT$1,648 Mil. Overall, 91APP has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 91APP's Retained Earnings compare to MSFT and ORCL?
91APP's Retained Earnings of NT$1,648 Mil can be compared against companies in the Software 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 Software company?
A good Retained Earnings depends on the Software 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 91APP and its competitors. 91APP's current Retained Earnings is NT$1,648 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 91APP stock overvalued right now?
Based on GuruFocus' analysis, 91APP (ROCO:6741) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$128.83, compared to a current price of NT$55.80 — trading 56.7% below its estimated fair value. The current Retained Earnings is NT$1,648 Mil. 91APP's overall GF Score™ is 86/100 with 1 warning sign 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 91APP (ROCO:6741), the current Retained Earnings is NT$1,648 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 91APP (ROCO:6741) Overvalued in 2026?
Based on GuruFocus' analysis, 91APP stock appears to be undervalued.
The current stock price of NT$55.80 is trading 56.7% below its estimated GF Value™ of NT$128.83.
GuruFocus considers 91APP to be Significantly Undervalued.
Key valuation signals for ROCO:6741:
Retained Earnings: NT$1,648 Mil
GF Value™: NT$128.83 vs. price of NT$55.80 (56.7% below fair value)
No single metric tells the full story. See the ROCO:6741 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
91APP Inc is mainly engaged in the general investment business, software design services and software retail, data processing services, information technology consultancy services, product design, wholesale of computer and business machinery equipment, and other related information technology businesses. It operates through the E-commerce software and marketing services segment, which generates maximum revenue, and the Restaurant software and consulting services segment, which provide e-commerce and digital marketing solutions and smart restaurant technology services. Its products include Commerce Cloud, Marketing Cloud, and 91APP Payments, and solutions include OMO (Online-Merge-Offline), retail digital transformation, and Retail AI jooii. It generates maximum revenue from Taiwan.
86GF Score
Get the complete analysis for ROCO:6741
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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