Belite Bio (BLTE) Retained Earnings (2020 - 2025)

Belite Bio (BLTE) recorded quarterly Retained Earnings of -$185.3 million in Q4 2025, down 15.83% quarter-over-quarter from -$159.9 million in Q3 2025, and down 72.1% on a YoY basis from -$664.0 million in Q4 2024.

Belite Bio (BLTE) Retained Earnings (2020 - 2025) Analysis & Trends

Belite Bio's Retained Earnings history runs 6 years deep, the most recent figure standing at -$185.3 million for Q4 2025.

  • In Q4 2025, Retained Earnings fell 72.1% year-over-year to -$185.3 million; the TTM figure through Dec 2025 stood at -$185.3 million (down 72.1% YoY), while the FY2025 annual figure was -$185.3 million, down 72.1% from the prior year.
  • Retained Earnings was -$185.3 million for Q4 2025 at Belite Bio, down from -$159.9 million in the prior quarter.
  • In the past five years, Retained Earnings ranged from a high of -$27.2 million in Q4 2021 to a low of -$185.3 million in Q4 2025.
  • Historically, Retained Earnings has averaged -$98.6 million across 5 years, with a median of -$89.6 million in 2023.
  • The sharpest annual moves came in 2022 and 2023: Retained Earnings slumped 46.46% in 2022, then tumbled 79.34% in 2023.
  • A 5-year view of Retained Earnings shows it stood at -$27.2 million in 2021, then tumbled by 46.46% to -$39.9 million in 2022, then tumbled by 79.34% to -$71.5 million in 2023, then plunged by 50.55% to -$107.6 million in 2024, then tumbled by 72.1% to -$185.3 million in 2025.
  • The last three Retained Earnings figures came in at -$185.3 million (Q4 2025), -$159.9 million (Q3 2025), and -$107.6 million (Q4 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -153.89 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -211.85 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn 1.00 Bn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - 130.89 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -279.00 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -1.88
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 14.59 Bn
9 Abivax 91.96 Bn 91.96 Bn - -838.07 Mn
10 Regeneron Pharmaceuticals 63.43 Bn 54.67 Bn 3.31 Bn 36.42 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 -185.26 Mn
Sep 30, 2025 -159.93 Mn
Dec 31, 2024 -107.65 Mn
Dec 31, 2023 -71.50 Mn
Dec 31, 2022 -39.87 Mn
Dec 31, 2021 -27.22 Mn
Dec 31, 2020 -17.60 Mn