NSBBF (NorthStar Gaming Holdings) Retained Earnings: $-52.46 Mil (As of Sep. 2025)

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.

What is NorthStar Gaming Holdings Retained Earnings?

NorthStar Gaming Holdings NSBBF Retained Earnings is $-52.46 Mil as of Sep. 2025. The stock has 4 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. NorthStar Gaming Holdings's retained earnings for the quarter that ended in Sep. 2025 was $-52.46 Mil.

NorthStar Gaming Holdings's quarterly retained earnings declined from Mar. 2025 ($-45.11 Mil) to Jun. 2025 ($-50.15 Mil) and declined from Jun. 2025 ($-50.15 Mil) to Sep. 2025 ($-52.46 Mil).

NorthStar Gaming Holdings's annual retained earnings declined from Jun. 2022 ($-0.51 Mil) to Dec. 2023 ($-28.59 Mil) and declined from Dec. 2023 ($-28.59 Mil) to Dec. 2024 ($-41.91 Mil).

NorthStar Gaming Holdings  (OTCPK:NSBBF) 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.

NorthStar Gaming Holdings Retained Earnings Historical Data

* Premium members only.

The historical data trend for NorthStar Gaming Holdings'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.

NorthStar Gaming Holdings Retained Earnings Chart

NorthStar Gaming Holdings Annual Data
Trend Jun22 Dec23 Dec24
Retained Earnings
-0.51 -28.59 -41.91

NorthStar Gaming Holdings Quarterly Data
Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -39.12 -41.91 -45.11 -50.15 -52.46

NorthStar Gaming Holdings 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 $-52.46 Mil mean?
NorthStar Gaming Holdings (NSBBF) has a Retained Earnings of $-52.46 Mil as of Sep. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on NorthStar Gaming Holdings and its competitors.
Is NorthStar Gaming Holdings' Retained Earnings too high?
NorthStar Gaming Holdings' current Retained Earnings is $-52.46 Mil.
How does NorthStar Gaming Holdings' Retained Earnings compare to TRUG and SPQS?
NorthStar Gaming Holdings' Retained Earnings of $-52.46 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Retained Earnings depends on the Travel & Leisure 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 NorthStar Gaming Holdings and its competitors. NorthStar Gaming Holdings's current Retained Earnings is $-52.46 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NorthStar Gaming Holdings stock overvalued right now?
NorthStar Gaming Holdings (NSBBF) has a current Retained Earnings of $-52.46 Mil. The current Retained Earnings is $-52.46 Mil. 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 NorthStar Gaming Holdings (NSBBF), the current Retained Earnings is $-52.46 Mil as of Sep. 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.

NorthStar Gaming Holdings Business Description

Other Exchanges BET:Canada
Address 220 King Street West, Suite 200, Toronto, ON, CAN, M5H 1K4
NorthStar Gaming Holdings Inc owns and operates a casino and sportsbook gaming platform. The company earns revenues from two main sources: gaming revenues for its online casino and sports betting operations; and managed services revenues.