Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cosciens Biopharma's retained earnings for the quarter that ended in Mar. 2026 was $-9.75 Mil.
Cosciens Biopharma's quarterly retained earnings
declined
from Sep. 2025 ($-19.05 Mil) to Dec. 2025 ($-20.51 Mil) but then
increased
from Dec. 2025 ($-20.51 Mil) to Mar. 2026 ($-9.75 Mil).
Cosciens Biopharma's annual retained earnings
declined
from Dec. 2023 ($4.36 Mil) to Dec. 2024 ($-12.11 Mil) and
declined
from Dec. 2024 ($-12.11 Mil) to Dec. 2025 ($-20.51 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.
Cosciens Biopharma Retained Earnings Historical Data
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The historical data trend for Cosciens Biopharma'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.
Cosciens Biopharma (CSCIF) has a Retained Earnings of $-9.75 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Cosciens Biopharma and its competitors.
Is Cosciens Biopharma's Retained Earnings too high?
Cosciens Biopharma's current Retained Earnings is $-9.75 Mil. Overall, Cosciens Biopharma has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cosciens Biopharma's Retained Earnings compare to VRTX and REGN?
Cosciens Biopharma's Retained Earnings of $-9.75 Mil can be compared against companies in the Biotechnology 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 Biotechnology company?
A good Retained Earnings depends on the Biotechnology 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 Cosciens Biopharma and its competitors. Cosciens Biopharma's current Retained Earnings is $-9.75 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cosciens Biopharma stock overvalued right now?
Based on GuruFocus' analysis, Cosciens Biopharma (CSCIF) is currently considered Fairly Valued. The stock's GF Value™ is $2.35, compared to a current price of $2.30 — trading 2.1% below its estimated fair value. The current Retained Earnings is $-9.75 Mil. Cosciens Biopharma's overall GF Score™ is 61/100 with 6 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 Cosciens Biopharma (CSCIF), the current Retained Earnings is $-9.75 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 Cosciens Biopharma (CSCIF) Overvalued in 2026?
Based on GuruFocus' analysis, Cosciens Biopharma stock appears to be undervalued.
The current stock price of $2.30 is trading 2.1% below its estimated GF Value™ of $2.35.
GuruFocus considers Cosciens Biopharma to be Fairly Valued.
Key valuation signals for CSCIF:
Retained Earnings: $-9.75 Mil
GF Value™: $2.35 vs. price of $2.30 (2.1% below fair value)
No single metric tells the full story. See the CSCIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cosciens Biopharma Inc is a biopharmaceutical company developing and commercializing pharmaceutical and diagnostic products and active ingredients for the healthcare and cosmetics industries. It operates through two segments: Active Ingredient and Biopharmaceutical. The Active Ingredient segment, which generates maximum revenue, focuses on plant-based ingredients derived from oats and other renewable resources, including oat beta glucan, oat oil, and avenanthramides. The Biopharmaceutical segment focuses on the development and commercialization of therapeutics and diagnostic tests, including its product Macrilen, and advancing a pre-clinical pipeline targeting unmet medical needs, particularly in rare or orphan indications. It operates in Canada, Germany, the United States, and Austria.
61GF Score
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Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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