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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Norse Atlantic ASA's retained earnings for the quarter that ended in Mar. 2026 was kr-2,934 Mil.
Norse Atlantic ASA's quarterly retained earnings
declined
from Sep. 2025 (kr-2,451 Mil) to Dec. 2025 (kr-2,828 Mil) and
declined
from Dec. 2025 (kr-2,828 Mil) to Mar. 2026 (kr-2,934 Mil).
Norse Atlantic ASA's annual retained earnings
declined
from Dec. 2023 (kr-3,700 Mil) to Dec. 2024 (kr-5,455 Mil) but then
increased
from Dec. 2024 (kr-5,455 Mil) to Dec. 2025 (kr-2,828 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.
Norse Atlantic ASA Retained Earnings Historical Data
* Premium members only.
The historical data trend for Norse Atlantic ASA'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 kr-2,934 Mil mean?
Norse Atlantic ASA (OSL:NORSE) has a Retained Earnings of kr-2,934 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Norse Atlantic ASA and its competitors.
Is Norse Atlantic ASA's Retained Earnings too high?
Norse Atlantic ASA's current Retained Earnings is kr-2,934 Mil. Overall, Norse Atlantic ASA has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Norse Atlantic ASA's Retained Earnings compare to DAL and UAL?
Norse Atlantic ASA's Retained Earnings of kr-2,934 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Retained Earnings depends on the Transportation 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 Norse Atlantic ASA and its competitors. Norse Atlantic ASA's current Retained Earnings is kr-2,934 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norse Atlantic ASA stock overvalued right now?
Based on GuruFocus' analysis, Norse Atlantic ASA (OSL:NORSE) is currently considered Possible Value Trap. The stock's GF Value™ is kr3.32, compared to a current price of kr0.39 — trading 88.2% below its estimated fair value. The current Retained Earnings is kr-2,934 Mil. Norse Atlantic ASA's overall GF Score™ is 29/100 with 3 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 Norse Atlantic ASA (OSL:NORSE), the current Retained Earnings is kr-2,934 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 Norse Atlantic ASA (OSL:NORSE) Overvalued in 2026?
Based on GuruFocus' analysis, Norse Atlantic ASA stock appears to be undervalued.
The current stock price of kr0.39 is trading 88.2% below its estimated GF Value™ of kr3.32.
GuruFocus considers Norse Atlantic ASA to be Possible Value Trap.
Key valuation signals for OSL:NORSE:
Retained Earnings: kr-2,934 Mil
GF Value™: kr3.32 vs. price of kr0.39 (88.2% below fair value)
No single metric tells the full story. See the OSL:NORSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norse Atlantic ASA is an airline offering affordable fares on direct, long-haul flights to popular destinations, along with specialized charter and ACMI services for tailored travel needs and extensive cargo operations. It operates a modern fleet of various fuel-efficient Boeing 787 Dreamliners, serving a network of destinations across North America, Europe, Africa, and Asia. Norse also provides charter flights for third parties, particularly during the lower-demand winter season. The company derives the majority of its revenue from passenger airfare income, followed by ancillary passenger income, lease rentals, charter income, and other sources. Geographically, it generates maximum revenue from the United States, and the rest from the United Kingdom, the Rest of Europe, Norway, and India.
29GF Score
Get the complete analysis for OSL:NORSE
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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