SPAEF (Space Co) Retained Earnings: $181.5 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

SPAEF Space Co Ltd SPAEF
63 GF Score
Price $8.50
GF Value $7.09
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Space Co Retained Earnings?

Space Co SPAEF -8.11% 63 Retained Earnings is $181.5 Mil as of Jun. 2026. GuruFocus rates SPAEF with a GF Score™ of 63/100 and a GF Value™ of $7.09 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Space Co's retained earnings for the quarter that ended in Jun. 2026 was $181.5 Mil.

Space Co's quarterly retained earnings declined from Dec. 2025 ($183.2 Mil) to Mar. 2026 ($180.3 Mil) but then increased from Mar. 2026 ($180.3 Mil) to Jun. 2026 ($181.5 Mil).

Space Co's annual retained earnings declined from Dec. 2023 ($171.8 Mil) to Dec. 2024 ($170.9 Mil) but then increased from Dec. 2024 ($170.9 Mil) to Dec. 2025 ($183.2 Mil).


Space Co  (OTCPK:SPAEF) 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.


Space Co Retained Earnings Historical Data

* Premium members only.

The historical data trend for Space Co'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.

Space Co Retained Earnings Chart

Space Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 204.80 177.43 171.83 170.93 183.22

Space Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 188.57 184.38 183.22 180.25 181.51
SPAEF
63GF Score
Space Co Ltd SPAEF
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Space Co Retained Earnings Calculation

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.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $181.5 Mil mean?
Space Co (SPAEF) has a Retained Earnings of $181.5 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Space Co and its competitors.
Is Space Co's Retained Earnings too high?
Space Co's current Retained Earnings is $181.5 Mil. Overall, Space Co has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Space Co's Retained Earnings compare to PWR and FIX?
Space Co's Retained Earnings of $181.5 Mil can be compared against companies in the Construction 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 Construction company?
A good Retained Earnings depends on the Construction 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 Space Co and its competitors. Space Co's current Retained Earnings is $181.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Co stock overvalued right now?
Based on GuruFocus' analysis, Space Co (SPAEF) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.09, compared to a current price of $8.50 — trading 19.9% above its estimated fair value. The current Retained Earnings is $181.5 Mil. Space Co's overall GF Score™ is 63/100 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 Space Co (SPAEF), the current Retained Earnings is $181.5 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 Space Co (SPAEF) Overvalued in 2026?

Based on GuruFocus' analysis, Space Co stock appears to be overvalued. The current stock price of $8.50 is trading 19.9% above its estimated GF Value™ of $7.09. GuruFocus considers Space Co to be Modestly Overvalued.

Key valuation signals for SPAEF:

  • Retained Earnings: $181.5 Mil
  • GF Value™: $7.09 vs. price of $8.50 (19.9% above fair value)
  • GF Score™: 63/100 with 2 warning signs

No single metric tells the full story. See the SPAEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Space Co Business Description

Other Exchanges 9622:Japan
Address 3-9-4 Nihonbashi, Ningyo-cho, Tokyo, JPN, 103-0013
Space Co Ltd is engaged in the planning and design, supervision and construction of commercial facilities, including shopping centres, department stores, speciality stores, restaurants, and cafes. In addition, the company is also involved in the planning, design, production, sales and import and export of display equipment and fixtures, indoor and outdoor decorative items.
63GF Score

Get the complete analysis for SPAEF

Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$8.50
Price
$7.09
GF Value