BENF on Nasdaq
Beneficient
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Ben Liquidity brought in 72% of the revenue Beneficient broke down this way in fiscal 2026.
Business segments by year
| Business segments | 2025 | 2026 |
|---|---|---|
| Ben Liquidity | $42.6M | $33.4M |
| Ben Custody | $21.6M | $12.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Income tax100¢$214.0K
Out of -$39.1M in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Investment income (loss), net | -$49.5M | -$6.5M |
| Interest and dividend income | $40.0K | $44.0K |
| Trust services and administration revenues (related party of $30 and $30) | $593.0K | $753.0K |
| Other income | $0 | $2.0K |
| Total revenues | -$39.1M | -$7.9M |
| Employee compensation and benefits | $11.8M | $16.9M |
| Interest expense (related party of $13,349 and $12,294) | $18.8M | $14.9M |
| Professional services | $21.1M | $23.2M |
| Provision for credit losses | $1.0M | $1.0M |
| Loss on impairment of goodwill and intangible assets | $3.1M | $3.7M |
| Accrual (release) of loss contingency related to arbitration award | $62.8M | -$55.0M |
| Other expenses (related party of $2,856 and $2,825) | $8.7M | $11.5M |
| Total operating expenses | $127.4M | $16.2M |
| Operating income (loss) | -$166.5M | -$24.2M |
| (Gain) loss on liability resolution | -$2.0M | -$23.5M |
| Net income (loss) before income taxes | -$164.5M | -$723.0K |
| Income tax expense | $214.0K | $80.0K |
| Net income (loss) | -$164.7M | -$803.0K |
| Plus: Net loss attributable to noncontrolling interests | $96.2M | $69.8M |
| Less: Noncontrolling interest guaranteed payment | -$18.9M | -$17.8M |
| Net income (loss) attributable to Beneficient common shareholders | -$87.4M | $51.2M |
| Unrealized gain (loss) on investments in available-for-sale debt securities | $54.0K | -$278.0K |
| Total comprehensive income (loss) | -$164.7M | -$1.1M |
| Less: Comprehensive gain (loss) attributable to noncontrolling interests | -$77.2M | -$52.2M |
| Total comprehensive income (loss) attributable to Beneficient | -$87.4M | $51.2M |
| Gain (loss) on financial instruments, net (related party of $9,491 and $(552)) | $9.8M | -$2.2M |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2026-03-31 | 2025-11-30 | 2025-03-31 |
|---|---|---|---|
| Cash and cash equivalents | $2.5M | $1.3M | |
| Investments, at fair value | $195.5M | $291.4M | |
| Derivative asset, related party | $21.7M | ||
| Other assets, net (related party of $514 and $404) | $9.1M | $49.1M | |
| Intangible assets | $0 | $3.1M | |
| Goodwill | $9.9M | $9.9M | |
| Total assets | $238.8M | $354.9M | |
| Accounts payable and accrued expenses (related party of $17,571 and $14,733) | $63.8M | $100.3M | |
| Warrants liability | $308.0K | $227.0K | |
| Debt due to related parties | $96.8M | $117.9M | |
| Total liabilities | $337.5M | $299.3M | |
| Total temporary equity | $90.5M | $90.5M | |
| Additional paid-in capital | $1.9B | $1.8B | |
| Accumulated deficit | -$2.1B | -$2.0B | |
| Treasury stock, at cost (1 share as of March 31, 2026 and 2025) | -$3.4M | -$3.4M | |
| Noncontrolling interests | $24.7M | $132.1M | |
| Accumulated other comprehensive income (loss) | $52.0K | -$2.0K | |
| Total equity (deficit) | -$189.3M | -$34.9M | |
| Total liabilities, temporary equity, and equity (deficit) | $238.8M | $354.9M | |
| Other liabilities (related party of $30,497 and $19,360) | $176.7M | $80.8M | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 250.0M shares | 250.0M shares | |
| Treasury stock common units (in shares) | 1.0K shares | 1.0K shares | |
| Stock split conversion ratio | 0 pure |
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Net income (loss) | -$164.7M | -$803.0K |
| Depreciation and amortization | $746.0K | $1.7M |
| Net amortization of debt premium and discount (related party of $772 and $296) | $772.0K | $296.0K |
| Loss on impairment of goodwill and intangible assets | $3.1M | $3.7M |
| Accrual (release) of loss contingency related to arbitration award | $62.8M | -$55.0M |
| Investment (income) loss, net | $49.5M | $6.5M |
| Non cash interest income | -$385.0K | -$494.0K |
| Non cash share-based compensation | $1.6M | $5.6M |
| Provision for credit losses | $1.0M | $1.0M |
| Provision for deferred taxes | $214.0K | $80.0K |
| (Gain) loss on liability resolution | -$2.0M | -$23.5M |
| Changes in other assets | $1.2M | -$32.8M |
| Changes in accounts payable and accrued expenses | -$59.0K | $41.4M |
| Net cash used in operating activities | -$38.7M | -$37.7M |
| Return of investments in alternative assets held by Customer ExAlt Trusts | $12.1M | $30.4M |
| Proceeds from disposition of alternative assets held by Customer ExAlt Trusts | $51.5M | $0 |
| Purchase of investments in alternative assets held by Customer ExAlt Trusts | -$2.2M | -$1.2M |
| Purchase of premises and equipment | -$96.0K | -$1.1M |
| Proceeds from sale of public equity securities held by Customer ExAlt Trusts | $0 | $55.0K |
| Net cash provided by investing activities | $61.2M | $28.1M |
| Proceeds from related party debt financings | $850.0K | $1.7M |
| Payments on related party debt financings | -$22.9M | -$4.7M |
| Proceeds from issuance of convertible debt | $0 | $3.6M |
| Payments on convertible debt | $0 | -$4.0M |
| Proceeds received from issuance of Class A common under standby equity purchase agreement | $706.0K | $7.9M |
| Payment of deferred financing costs for equity | $0 | -$2.1M |
| Proceeds from sale of Class A common shares | $0 | $673.0K |
| Net cash provided by (used in) financing activities | -$21.3M | $3.0M |
| Net increase (decrease) in cash and cash equivalents | $1.2M | -$6.6M |
| Gain (loss) on financial instruments, net (related party of $9,491 and $(552)) | -$9.8M | $2.2M |
| Non cash interest expense (related party of $11,827 and $9,715) | $17.2M | $12.2M |
Former names
- Beneficient Co Group, L.P.Dec 22, 2021 to May 16, 20233
Recent filings
- Oct 14, 20268-K
- Oct 7, 2026PRE 14A
- Oct 5, 2026SCHEDULE 13G/A
- Sep 23, 20268-K
- Sep 22, 20264
- Sep 22, 20264
- Sep 22, 20264
- Sep 22, 20264
- Sep 18, 20268-K
- Sep 17, 20264
- Sep 17, 20264
- Sep 17, 20264
- Sep 16, 20268-K
- Aug 14, 20268-K
- Aug 14, 202610-Q
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARBeneficient filings on SEC EDGAR
- 2SEC EDGARBeneficient 10-K for fiscal 2026
- 3SEC EDGARBeneficient filings on SEC EDGAR
- 4SEC EDGARBeneficient 10-K for fiscal 2020
- 5SEC EDGARBeneficient 10-K for fiscal 2023
- 6SEC EDGARBeneficient 10-K for fiscal 2024
- 7SEC EDGARBeneficient 10-Q for fiscal 2025
- 8SEC EDGARBeneficient 10-Q for fiscal 2025
- 9SEC EDGARBeneficient 10-Q for fiscal 2025
- 10SEC EDGARBeneficient 10-Q for fiscal 2025