SPCX (Space Exploration Technologies) Retained Earnings: $-37,035 Mil (As of Dec. 2025)


SPCX Space Exploration Technologies Corp SPCX
12 GF Score
Price $145.44
! 1 Warning Sign
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What is Space Exploration Technologies Retained Earnings?

Space Exploration Technologies SPCX -4.48% 12 Retained Earnings is $-37,035 Mil as of Dec. 2025. GuruFocus rates SPCX with a GF Score™ of 12/100. The stock has 1 warning sign investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Space Exploration Technologies's retained earnings for the quarter that ended in Dec. 2025 was $-37,035 Mil.

Space Exploration Technologies's quarterly retained earnings declined from Dec. 2023 ($0 Mil) to Dec. 2024 ($-32,098 Mil) and declined from Dec. 2024 ($-32,098 Mil) to Dec. 2025 ($-37,035 Mil).

Space Exploration Technologies's annual retained earnings declined from Dec. 2023 ($0 Mil) to Dec. 2024 ($-32,098 Mil) and declined from Dec. 2024 ($-32,098 Mil) to Dec. 2025 ($-37,035 Mil).

Space Exploration Technologies  (NAS:SPCX) 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 Exploration Technologies Retained Earnings Historical Data

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The historical data trend for Space Exploration Technologies'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 Exploration Technologies Retained Earnings Chart

Space Exploration Technologies Annual Data
Trend Dec23 Dec24 Dec25
Retained Earnings
0.00 -32,098.00 -37,035.00

Space Exploration Technologies Semi-Annual Data
Dec23 Dec24 Dec25
Retained Earnings 0.00 -32,098.00 -37,035.00
SPCX
12GF Score
Space Exploration Technologies Corp SPCX
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
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Space Exploration Technologies 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 $-37,035 Mil mean?
Space Exploration Technologies (SPCX) has a Retained Earnings of $-37,035 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Space Exploration Technologies and its competitors.
Is Space Exploration Technologies' Retained Earnings too high?
Space Exploration Technologies' current Retained Earnings is $-37,035 Mil. Overall, Space Exploration Technologies has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Space Exploration Technologies' Retained Earnings compare to GE and RTX?
Space Exploration Technologies' Retained Earnings of $-37,035 Mil can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Retained Earnings depends on the Aerospace & Defense 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 Exploration Technologies and its competitors. Space Exploration Technologies's current Retained Earnings is $-37,035 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Exploration Technologies stock overvalued right now?
Space Exploration Technologies (SPCX) has a current Retained Earnings of $-37,035 Mil. The current Retained Earnings is $-37,035 Mil. Space Exploration Technologies' overall GF Score™ is 12/100 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 Space Exploration Technologies (SPCX), the current Retained Earnings is $-37,035 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.

Space Exploration Technologies Business Description

Address 1 Rocket Road, Starbase, TX, USA, 78521
Founded in 2002 and commonly known as SpaceX, the Space Exploration Technologies Corporation designs, manufactures, and operates a family of reusable rockets to launch various payloads into Earth orbit for government and commercial customers. Starting in 2019, the company began launching a constellation of its own communication satellites to provide mobile broadband and wireless services under the Starlink brand. In early 2026, the company acquired xAI from its founder, Elon Musk, which operates a large language artificial intelligence model named Grok, a gigawatt-scale data center called Colossus, and the social media network X.
12GF Score

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

$145.44
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