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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Xenetic Biosciences's retained earnings for the quarter that ended in Jun. 2026 was $-201.26 Mil.
Xenetic Biosciences's quarterly retained earnings
declined
from Dec. 2025 ($-199.88 Mil) to Mar. 2026 ($-200.33 Mil) and
declined
from Mar. 2026 ($-200.33 Mil) to Jun. 2026 ($-201.26 Mil).
Xenetic Biosciences's annual retained earnings
declined
from Dec. 2023 ($-193.23 Mil) to Dec. 2024 ($-197.19 Mil) and
declined
from Dec. 2024 ($-197.19 Mil) to Dec. 2025 ($-199.88 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.
Xenetic Biosciences Retained Earnings Historical Data
* Premium members only.
The historical data trend for Xenetic Biosciences'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 $-201.26 Mil mean?
Xenetic Biosciences (XBIO) has a Retained Earnings of $-201.26 Mil as of Jun. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Xenetic Biosciences and its competitors.
Is Xenetic Biosciences' Retained Earnings too high?
Xenetic Biosciences' current Retained Earnings is $-201.26 Mil. Overall, Xenetic Biosciences has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Xenetic Biosciences' Retained Earnings compare to ADIL and PULM?
Xenetic Biosciences' Retained Earnings of $-201.26 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 Xenetic Biosciences and its competitors. Xenetic Biosciences's current Retained Earnings is $-201.26 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xenetic Biosciences stock overvalued right now?
Based on GuruFocus' analysis, Xenetic Biosciences (XBIO) is currently considered Fairly Valued. The stock's GF Value™ is $3.76, compared to a current price of $3.57 — trading 5.1% below its estimated fair value. The current Retained Earnings is $-201.26 Mil. Xenetic Biosciences' overall GF Score™ is 83/100 with 2 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 Xenetic Biosciences (XBIO), the current Retained Earnings is $-201.26 Mil as of Jun. 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 Xenetic Biosciences (XBIO) Overvalued in 2026?
Based on GuruFocus' analysis, Xenetic Biosciences stock appears to be undervalued.
The current stock price of $3.57 is trading 5.1% below its estimated GF Value™ of $3.76.
GuruFocus considers Xenetic Biosciences to be Fairly Valued.
Key valuation signals for XBIO:
Retained Earnings: $-201.26 Mil
GF Value™: $3.76 vs. price of $3.57 (5.1% below fair value)
No single metric tells the full story. See the XBIO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xenetic Biosciences Inc is a biopharmaceutical company focused on progressing XCART, a personalized CAR T platform technology engineered to target patient-specific tumor neoantigens. The Company is initially advancing cell-based therapeutics targeting the unique B-cell receptor on the surface of an individual patient’s malignant tumor cells for the treatment of B-cell lymphomas. XCART has the potential to fuel a robust pipeline of therapeutic assets targeting high-value oncology indications. Additionally, Xenetic is leveraging PolyXen™, its proprietary drug delivery platform, by partnering with biotechnology and pharmaceutical companies. PolyXen™ has demonstrated its ability to improve the half-life and other pharmacological properties of next-generation biologic drugs. The Company has an exclusive license agreement with Takeda Pharmaceuticals Co. Ltd. in the field of coagulation disorders and expects to earn royalty payments under this agreement.
83GF Score
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