NASDAQ : BENF
Beneficient — Financial statements
Financials · Asset Management · United States
Last price 0.806 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 12.48M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Beneficient (BENF) reported revenue of -14.34M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 451.00K | 593.00K | 753.00K | 365.00K | 30.00K | 152.50K |
| Other Revenue | -14.79M | -39.72M | -8.70M | -99.06M | -104.93M | 11.16M |
| Revenue | -14.34M | -39.12M | -7.94M | -98.70M | -104.90M | 11.31M |
| Gross Profit | -14.34M | -39.12M | -7.94M | -98.70M | -104.90M | 11.31M |
| Selling, General & Admin | 27.92M | 32.90M | 40.09M | 95.13M | 83.95M | 66.20M |
| Other Operating Expenses | 7.88M | 8.71M | 11.53M | 21.85M | 28.27M | 17.12M |
| Operating Expenses | 35.80M | 41.61M | 51.62M | 116.98M | 132.80M | 111.46M |
| Operating Income | -50.14M | -80.73M | -59.56M | -215.68M | -237.70M | -100.15M |
| Interest Expense | -19.96M | -18.80M | -14.91M | -17.56M | -15.47M | -22.70M |
| Other Non Operating Income (Expenses) | -1.05M | -1.05M | -2.00K | -6.02M | ||
| EBT Excluding Unusual Items | -71.14M | -100.58M | -74.47M | -239.25M | -253.17M | -122.85M |
| Impairment of Goodwill | -3.10M | -3.10M | -3.69M | -2.35B | ||
| Gain (Loss) on Sale of Investments | -998.00K | |||||
| Legal Settlements | -62.83M | 54.97M | -54.97M | |||
| Other Unusual Items | 2.00M | 2.00M | 23.46M | -8.85M | -34.01M | |
| Pretax Income | -72.25M | -164.52M | -723.00K | -2.66B | -253.17M | -156.86M |
| Income Tax Expense | 214.00K | 214.00K | 80.00K | 788.00K | -1.07M | 1.69M |
| Earnings From Continuing Operations | -72.46M | -164.73M | -803.00K | -2.66B | -252.10M | -158.55M |
| Net Income to Company | -72.46M | -164.73M | -803.00K | -2.66B | -252.10M | -158.55M |
| Minority Interest in Earnings | 43.33M | 77.30M | 51.97M | 562.54M | 121.12M | 29.75M |
| Net Income | -29.13M | -87.43M | 51.16M | -2.10B | -130.98M | -128.81M |
| Preferred Dividends & Other Adjustments | 69.14M | 69.14M | ||||
| Net Income to Common | -98.27M | -156.57M | 51.16M | -2.10B | -130.98M | -128.81M |
| Shares Outstanding (Basic) | 14.80M | 1.29M | 733.30K | 393.01K | 311.44K | 88.01K |
| Shares Outstanding (Diluted) | 14.80M | 1.29M | 66.11M | 393.01K | 311.44K | 88.01K |
| EPS (Basic) | -6.64 | -121.41 | 69.77 | -5,332.24 | -420.57 | -1,463.50 |
| EPS (Diluted) | -6.64 | -121.41 | 0.52 | -5,332.24 | -420.57 | -1,464.79 |
| Free Cash Flow | -31.99M | -38.81M | -38.80M | -59.98M | -97.19M | -55.07M |
| Free Cash Flow Per Share | -2.16 | -30.10 | -0.59 | -152.60 | -312.09 | -625.73 |
| Gross Margin | 100.00% | |||||
| Operating Margin | -885.52% | |||||
| Profit Margin | -1,138.91% | |||||
| Free Cash Flow Margin | -486.95% | |||||
| EBITDA | -50.21M | -80.69M | -59.46M | -215.60M | -237.50M | -98.66M |
| D&A For EBITDA | -71.00K | 46.00K | 95.00K | 75.00K | 206.00K | 1.49M |
| EBIT | -50.14M | -80.73M | -59.56M | -215.68M | -237.70M | -100.15M |
| Revenue as Reported | -39.12M | -7.94M | -98.70M | -104.90M | 11.31M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.58M | 2.54M | 1.35M | 7.91M | 8.73M | 70.59M |
| Cash & Short-Term Investments | 5.58M | 2.54M | 1.35M | 7.91M | 8.73M | 70.59M |
| Other Receivables | 4.30M | 42.85M | 5.77M | 11.30M | 2.01M | |
| Receivables | 4.30M | 42.85M | 5.77M | 16.40M | 6.52M | |
| Prepaid Expenses | 1.61M | 2.37M | 4.05M | 2.33M | 2.35M | |
| Restricted Cash | 64.00K | 819.00K | 5.52M | |||
| Total Current Assets | 5.58M | 8.46M | 46.57M | 17.80M | 28.27M | 84.97M |
| Property, Plant & Equipment | 1.08M | 1.73M | 2.33M | 4.34M | 7.34M | |
| Long-Term Investments | 212.47M | 195.54M | 291.37M | 329.12M | 497.22M | 674.17M |
| Goodwill | 9.91M | 9.91M | 9.91M | 13.61M | 2.37B | 2.37B |
| Other Intangible Assets | 3.10M | 3.10M | 3.10M | 3.10M | ||
| Long-Term Deferred Charges | 343.00K | 7.78M | 1.31M | |||
| Other Long-Term Assets | 22.97M | 23.78M | 2.19M | 2.20M | 2.05M | 2.37M |
| Total Assets | 250.94M | 238.77M | 354.88M | 368.50M | 2.91B | 3.14B |
| Accounts Payable | 50.41M | 52.29M | 54.15M | 107.06M | 44.82M | 33.53M |
| Accrued Expenses | 44.00M | 186.15M | 88.13M | 38.78M | 13.50M | 9.88M |
| Other Current Liabilities | 700.00K | 35.40M | 39.30M | 20.90M | 3.80M | |
| Total Current Liabilities | 95.41M | 239.14M | 177.67M | 185.14M | 79.22M | 47.21M |
| Long-Term Debt | 96.78M | 96.78M | 117.90M | 120.50M | 151.44M | 171.59M |
| Long-Term Unearned Revenue | 2.24M | 2.72M | ||||
| Long-Term Deferred Tax Liabilities | 210.00K | 80.00K | 1.07M | |||
| Other Long-Term Liabilities | 152.31M | 1.40M | 1.38M | 1.21M | 1.12M | 21.56M |
| Total Liabilities | 344.50M | 337.53M | 299.27M | 309.57M | 231.79M | 241.43M |
| Common Stock | 15.00K | 14.00K | 1.00K | 3.00K | 2.00K | 718.57M |
| Additional Paid-In Capital | 1.89B | 1.88B | 1.84B | 1.85B | 1.58B | |
| Retained Earnings | -2.10B | -2.10B | -2.01B | -2.06B | ||
| Treasury Stock | -3.44M | -3.44M | -3.44M | -3.44M | -3.44M | -3.44M |
| Comprehensive Income & Other | 507.00K | 52.00K | -2.00K | -19.76M | 9.90M | -1.33M |
| Total Common Equity | -210.40M | -214.02M | -167.00M | -234.35M | 1.59B | 713.80M |
| Minority Interest | 116.83M | 115.26M | 222.60M | 293.28M | 1.09B | 1.46B |
| Shareholders' Equity | -93.56M | -98.76M | 55.60M | 58.93M | 2.68B | 2.90B |
| Total Liabilities & Equity | 250.94M | 238.77M | 354.88M | 368.50M | 2.91B | 3.14B |
| Total Debt | 97.78M | 96.78M | 117.90M | 120.50M | 151.44M | 171.59M |
| Net Cash (Debt) | -92.20M | -94.24M | -116.55M | -112.59M | -142.72M | -101.00M |
| Net Cash Per Share | -6.23 | -73.08 | -1.76 | -286.48 | -458.25 | -1,147.60 |
| Filing Date Shares Outstanding | 15.46M | 14.52M | 1.21M | 529.58K | 396.38K | 66.94M |
| Total Common Shares Outstanding | 14.80M | 14.45M | 1.09M | 447.25K | 66.94M | 66.94M |
| Working Capital | -89.83M | -230.68M | -131.10M | -167.34M | -50.95M | 37.76M |
| Book Value Per Share | -14.22 | -14.81 | -153.33 | -523.98 | 23.70 | 10.66 |
| Tangible Book Value | -220.31M | -223.94M | -180.01M | -251.06M | -784.83M | -1.66B |
| Tangible Book Value Per Share | -14.89 | -15.50 | -165.28 | -561.33 | -11.72 | -24.75 |
| Land | 750.00K | |||||
| Buildings | 188.00K | 188.00K | 188.00K | 188.00K | 265.00K | |
| Machinery | 12.97M | 12.97M | 12.00M | 10.04M | 7.64M | |
| Construction In Progress | 375.00K | 279.00K | 282.00K | 487.00K | 1.77M | |
| Leasehold Improvements | 23.00K | 23.00K | 109.00K | 109.00K | 109.00K |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -29.13M | -87.43M | 51.16M | -2.10B | -130.98M | -132.65M |
| Depreciation & Amortization | -71.00K | 46.00K | 95.00K | 75.00K | 206.00K | 1.49M |
| Other Amortization | 700.00K | 700.00K | 1.60M | 3.70M | 5.05M | 600.00K |
| Asset Writedown & Restructuring Costs | 3.10M | 3.10M | 3.69M | 2.35B | ||
| Loss (Gain) From Sale of Investments | 20.88M | 49.53M | 7.50M | 12.62M | 15.75M | |
| Stock-Based Compensation | 1.35M | 1.63M | 5.65M | 39.10M | 10.09M | 20.97M |
| Provision & Write-off of Bad Debts | 18.75M | |||||
| Other Operating Activities | -29.51M | -7.44M | -116.06M | -376.97M | 9.99M | 22.82M |
| Change in Accounts Payable | -259.00K | -59.00K | 41.45M | 8.63M | 11.24M | 9.39M |
| Change in Other Net Operating Assets | 956.00K | 1.20M | -32.78M | 8.57M | -13.33M | -7.75M |
| Operating Cash Flow | -31.99M | -38.72M | -37.70M | -58.22M | -95.12M | -50.61M |
| Capital Expenditures | -96.00K | -1.10M | -1.76M | -2.08M | -4.46M | |
| Investment in Securities | 41.66M | 61.30M | 29.20M | 44.85M | 72.55M | 54.39M |
| Other Investing Activities | 968.00K | -7.45M | 1.84M | |||
| Investing Cash Flow | 41.66M | 61.21M | 28.11M | 44.06M | 63.02M | 51.78M |
| Long-Term Debt Issued | 850.00K | 5.25M | 25.00M | |||
| Total Debt Issued | 850.00K | 5.25M | 25.00M | 90.45M | ||
| Long-Term Debt Repaid | -22.85M | -8.68M | -6.78M | -18.66M | ||
| Total Debt Repaid | -12.38M | -22.85M | -8.68M | -6.78M | -18.66M | -8.21M |
| Net Debt Issued (Repaid) | -12.38M | -22.00M | -3.42M | 18.22M | -18.66M | 82.24M |
| Issuance of Common Stock | 668.00K | 706.00K | 8.53M | 1.12M | ||
| Other Financing Activities | -2.14M | -6.75M | -15.80M | -25.04M | ||
| Financing Cash Flow | -11.71M | -21.29M | 2.97M | 12.59M | -34.46M | 57.19M |
| Net Cash Flow | -2.03M | 1.20M | -6.63M | -1.57M | -66.56M | 58.36M |
| Free Cash Flow | -31.99M | -38.81M | -38.80M | -59.98M | -97.19M | -55.07M |
| Free Cash Flow Margin | -486.95% | |||||
| Free Cash Flow Per Share | -2.16 | -30.10 | -0.59 | -152.60 | -312.09 | -625.73 |
| Levered Free Cash Flow | -197.50M | 40.84M | -83.10M | 10.92M | -118.12M | |
| Unlevered Free Cash Flow | -185.02M | 52.59M | -73.78M | 21.90M | -108.45M | |
| Cash Interest Paid | 900.00K | 900.00K | 2.40M | 1.10M | 8.70M | 6.60M |
| Cash Income Tax Paid | 800.00K | |||||
| Change in Working Capital | 697.00K | 1.15M | 8.66M | 17.20M | -2.10M | 1.65M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.15M | 49.75M | 2.71M | 18.79M | ||
| Enterprise Value | 103.36M | 283.91M | 392.92M | 563.03M | ||
| Last Close Price | 0.73 | 3.50 | 2.50 | 42.88 | ||
| PE Ratio | 0.05 | |||||
| Forward PE | 0.57 | 0.70 | 0.22 | |||
| PS Ratio | -1.27 | -0.34 | -0.19 | |||
| PB Ratio | -0.50 | 0.05 | 0.32 | |||
| PEG Ratio | 0.04 | 0.01 | ||||
| Debt / Equity Ratio | -1.04 | -0.98 | 2.12 | 2.04 | 0.06 | 0.06 |
| Net Debt / Equity Ratio | -0.98 | -0.95 | 2.10 | 1.91 | 0.05 | 0.04 |
| Net Debt / EBITDA Ratio | -1.84 | -1.17 | -1.96 | -0.52 | -0.60 | -1.02 |
| Net Debt / FCF Ratio | -2.88 | -2.43 | -3.00 | -1.88 | -1.47 | -1.83 |
| Quick Ratio | 0.06 | 0.03 | 0.25 | 0.07 | 0.25 | 1.54 |
| Current Ratio | 0.06 | 0.04 | 0.26 | 0.10 | 0.36 | 1.80 |
| Return on Equity (ROE) | -1.40% | -194.18% | -9.04% | |||
| Return on Assets (ROA) | -10.71% | -17.00% | -10.29% | -8.22% | -4.91% | |
| Return on Capital Employed (ROCE) | -32.20% | 22,179.10% | -33.60% | -117.60% | -8.40% | -3.20% |
| Earnings Yield | -922.10% | -175.74% | 1,887.30% | -11,153.25% | ||
| FCF Yield | -281.20% | -78.02% | -1,431.36% | -319.19% | ||
| Buyback Yield / Dilution | -1,557.14% | 98.05% | -16,720.86% | -26.19% | -253.86% | -9.30% |