MCN (XAI Madison Equity Premiumome Fund) Retained Earnings: $-30.20 Mil (As of Mar. 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.

MCN XAI Madison Equity Premium Income Fund MCN
53 GF Score
Price $5.65
GF Value $8.17
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is XAI Madison Equity Premiumome Fund Retained Earnings?

XAI Madison Equity Premiumome Fund MCN +0.05% 53 Retained Earnings is $-30.20 Mil as of Mar. 2026. GuruFocus rates MCN with a GF Score™ of 53/100 and a GF Value™ of $8.17 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. XAI Madison Equity Premiumome Fund's retained earnings for the quarter that ended in Mar. 2026 was $-30.20 Mil.

XAI Madison Equity Premiumome Fund's quarterly retained earnings declined from Dec. 2024 ($-25.77 Mil) to Jun. 2025 ($-30.64 Mil) but then increased from Jun. 2025 ($-30.64 Mil) to Mar. 2026 ($-30.20 Mil).

XAI Madison Equity Premiumome Fund's annual retained earnings declined from Dec. 2021 ($-17.07 Mil) to Dec. 2022 ($-25.38 Mil) but then increased from Dec. 2022 ($-25.38 Mil) to Dec. 2023 ($-20.19 Mil).


XAI Madison Equity Premiumome Fund  (NYSE:MCN) 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.


XAI Madison Equity Premiumome Fund Retained Earnings Historical Data

* Premium members only.

The historical data trend for XAI Madison Equity Premiumome Fund'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.

XAI Madison Equity Premiumome Fund Retained Earnings Chart

XAI Madison Equity Premiumome Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial -26.29 -27.09 -17.07 -25.38 -20.19

XAI Madison Equity Premiumome Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Mar26
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 -20.19 -26.20 -25.77 -30.64 -30.20
MCN
53GF Score
XAI Madison Equity Premium Income Fund MCN
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

XAI Madison Equity Premiumome Fund 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 $-30.20 Mil mean?
XAI Madison Equity Premiumome Fund (MCN) has a Retained Earnings of $-30.20 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on XAI Madison Equity Premiumome Fund and its competitors.
Is XAI Madison Equity Premiumome Fund's Retained Earnings too high?
XAI Madison Equity Premiumome Fund's current Retained Earnings is $-30.20 Mil. Overall, XAI Madison Equity Premiumome Fund has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does XAI Madison Equity Premiumome Fund's Retained Earnings compare to NIM and PFO?
XAI Madison Equity Premiumome Fund's Retained Earnings of $-30.20 Mil can be compared against companies in the Asset Management 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 Asset Management company?
A good Retained Earnings depends on the Asset Management 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 XAI Madison Equity Premiumome Fund and its competitors. XAI Madison Equity Premiumome Fund's current Retained Earnings is $-30.20 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XAI Madison Equity Premiumome Fund stock overvalued right now?
Based on GuruFocus' analysis, XAI Madison Equity Premiumome Fund (MCN) is currently considered Significantly Undervalued. The stock's GF Value™ is $8.17, compared to a current price of $5.65 — trading 30.8% below its estimated fair value. The current Retained Earnings is $-30.20 Mil. XAI Madison Equity Premiumome Fund's overall GF Score™ is 53/100 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 XAI Madison Equity Premiumome Fund (MCN), the current Retained Earnings is $-30.20 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 XAI Madison Equity Premiumome Fund (MCN) Overvalued in 2026?

Based on GuruFocus' analysis, XAI Madison Equity Premiumome Fund stock appears to be undervalued. The current stock price of $5.65 is trading 30.8% below its estimated GF Value™ of $8.17. GuruFocus considers XAI Madison Equity Premiumome Fund to be Significantly Undervalued.

Key valuation signals for MCN:

  • Retained Earnings: $-30.20 Mil
  • GF Value™: $8.17 vs. price of $5.65 (30.8% below fair value)
  • GF Score™: 53/100 with 1 warning sign

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


XAI Madison Equity Premiumome Fund Business Description

Address 321 North Clark Street, Suite 2430, Chicago, IL, USA, 60654
XAI Madison Equity Premium Income Fund is an investment management company. The Fund invests in an actively managed equity portfolio comprised of individual stocks and covered call options. The Fund's primary investment objective is to provide high level of current income and gains, with a secondary objective of capital appreciation.
53GF Score

Get the complete analysis for MCN

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

$5.65
Price
$8.17
GF Value