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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Biote's retained earnings for the quarter that ended in Mar. 2024 was $-31.3 Mil.
Biote's quarterly retained earnings increased from Sep. 2023 ($-40.5 Mil) to Dec. 2023 ($-29.4 Mil) but then declined from Dec. 2023 ($-29.4 Mil) to Mar. 2024 ($-31.3 Mil).
Biote's annual retained earnings declined from Dec. 2021 ($4.2 Mil) to Dec. 2022 ($-44.5 Mil) but then increased from Dec. 2022 ($-44.5 Mil) to Dec. 2023 ($-29.4 Mil).
The historical data trend for Biote'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.
Biote Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Retained Earnings | - | -17.05 | 4.17 | -44.46 | -29.39 |
Biote Quarterly Data | ||||||||||||||
Dec19 | Dec20 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial | -48.53 | -46.39 | -40.52 | -29.39 | -31.30 |
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.
Biote (NAS:BTMD) 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.
Mary Elizabeth Conlon | officer: General Counsel | C/O BIOTE CORP., 1875 W. WALNUT HILL LN #100, IRVING TX 75038 |
Anil K Shrivastava | 10 percent owner | 200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10016 |
Michael David Braner | 10 percent owner | 200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10016 |
Daniel M. Friedberg | 10 percent owner | C/O SAGARD CAPITAL, 325 GREENWICH AVENUE, GREENWICH CT 06830 |
325 Capital Llc | 10 percent owner | 757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017 |
Mary Joan Puncochar | officer: Chief Commercial Officer | C/O BIOTE CORP., 1875 W. WALNUT HILL LN #100, IRVING TX 75038 |
Roystone Capital Holdings Llc | 10 percent owner | 767 THIRD AVENUE, 29TH FLOOR, NEW YORK NY 10017 |
Roystone Capital Management Lp | 10 percent owner | 780 THIRD AVENUE, 41ST FLOOR, NEW YORK NY 10017 |
Samar Jagat Kamdar | officer: Chief Financial Officer | 7042 CORONADO AVE., DALLAS TX 75214 |
Marc D Beer | director | C/O AEGERION PHARMACEUTICALS, 89 HEADQUARTERS PLAZA, SUITE 1212, MORRISTOWN NJ 07960 |
Guines Llc | 10 percent owner | 767 THIRD AVENUE, 29TH FLOOR, NEW YORK NY 10017 |
Richard R Barrera | 10 percent owner | 767 THIRD AVENUE, 29TH FLOOR, NEW YORK NY 10017 |
Debra L Morris | director | 11620 WILSHIRE BOULEVARD, SUITE 1000, LOS ANGELES CA 90025 |
Andrew R Heyer | director, officer: President and Director | 501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019 |
Teresa Sue Weber | director, officer: Chief Executive Officer | C/O BIOTE CORP., 1875 W. WALNUT HILL LN #100, IRVING TX 75038 |
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