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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. C21 Investments's retained earnings for the quarter that ended in Mar. 2026 was $-80.07 Mil.
C21 Investments's quarterly retained earnings
declined
from Sep. 2025 ($-78.07 Mil) to Dec. 2025 ($-78.68 Mil) and
declined
from Dec. 2025 ($-78.68 Mil) to Mar. 2026 ($-80.07 Mil).
C21 Investments's annual retained earnings
declined
from Jan. 2024 ($-72.78 Mil) to Mar. 2025 ($-76.82 Mil) and
declined
from Mar. 2025 ($-76.82 Mil) to Mar. 2026 ($-80.07 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.
C21 Investments Retained Earnings Historical Data
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The historical data trend for C21 Investments'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 $-80.07 Mil mean?
C21 Investments (CXXIF) has a Retained Earnings of $-80.07 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on C21 Investments and its competitors.
Is C21 Investments' Retained Earnings too high?
C21 Investments' current Retained Earnings is $-80.07 Mil. Overall, C21 Investments has a GF Score™ of 31/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does C21 Investments' Retained Earnings compare to ZTS?
C21 Investments' Retained Earnings of $-80.07 Mil can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Retained Earnings depends on the Drug Manufacturers 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 C21 Investments and its competitors. C21 Investments's current Retained Earnings is $-80.07 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is C21 Investments stock overvalued right now?
Based on GuruFocus' analysis, C21 Investments (CXXIF) is currently considered Fairly Valued. The stock's GF Value™ is $0.28, compared to a current price of $0.28 — trading 0.1% above its estimated fair value. The current Retained Earnings is $-80.07 Mil. C21 Investments' overall GF Score™ is 31/100 with 4 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 C21 Investments (CXXIF), the current Retained Earnings is $-80.07 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 C21 Investments (CXXIF) Overvalued in 2026?
Based on GuruFocus' analysis, C21 Investments stock appears to be overvalued.
The current stock price of $0.28 is trading 0.1% above its estimated GF Value™ of $0.28.
GuruFocus considers C21 Investments to be Fairly Valued.
Key valuation signals for CXXIF:
Retained Earnings: $-80.07 Mil
GF Value™: $0.28 vs. price of $0.28 (0.1% above fair value)
No single metric tells the full story. See the CXXIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
C21 Investments Inc is a vertically integrated cannabis company that cultivates, processes, distributes, and sells quality cannabis and hemp-derived consumer products in Nevada, U.S.A., and the United States. The Company is focused on value creation through the disciplined acquisition and integration of core retail, manufacturing, and distribution assets in strategic markets, leveraging industry retail revenues with high-growth potential and multi-market branded consumer packaged goods (CPG). The Company focuses on scalable opportunities in key markets through retail operational excellence, expanding its retail footprint through value-add acquisitions in existing markets, and branded CPG expansion through captive retail and wholesale channels.
31GF Score
Get the complete analysis for CXXIF
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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