BENF · Beneficient - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.67M | ($2.76M) | ($12.62M) | $10.05M | $4.42M | $8.56M | ($37.04M) | ($10.23M) | ($42.76M) | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $14.73M | $15.10M | $80.03M | ($34.29M) | $13.93M | $22.28M | $48.91M | $33.76M | $35.05M | - |
| D&A | - | - | $242.0K | $414.0K | - | - | $777.0K | - | - | - |
| Operating Income | $3.94M | ($17.86M) | ($92.65M) | $44.34M | ($9.51M) | ($13.71M) | ($85.95M) | ($915.95M) | ($381.76M) | - |
| Interest Expense | - | - | - | - | - | - | $3.78M | $4.15M | $3.59M | - |
| Income Tax | $0 | $43.0K | $0 | $28.0K | $713.0K | $0 | $397.0K | $75.0K | $887.0K | - |
| Net Income | $19.91M | ($3.63M) | ($65.08M) | $47.67M | ($8.64M) | $12.91M | ($53.97M) | ($542.17M) | ($371.74M) | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.87M | $4.90M | $7.61M | $1.35M | $4.15M | $4.48M | $7.91M | $11.25M | $2.39M | $8.73M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $337.86M | $316.23M | $334.51M | $354.88M | $400.01M | $368.79M | $368.50M | $500.56M | $1.46B | $2.91B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $375.90M | $368.53M | $364.38M | $299.27M | $295.23M | $256.45M | $309.57M | $245.54M | $273.69M | $231.79M |
| Stockholders' Equity | ($128.57M) | ($142.83M) | ($120.40M) | ($34.92M) | $14.26M | ($13.19M) | ($192.12M) | $3.97M | $1.81B | $748.19M |
| Retained Earnings | ($2.06B) | ($2.08B) | ($2.07B) | ($2.01B) | ($2.01B) | ($2.00B) | ($2.06B) | ($1.99B) | ($1.45B) | - |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($10.84M) | ($10.65M) | - | - | ($13.91M) | - | - | - |
| Investing Cash Flow | - | - | $26.45M | $6.39M | - | - | $10.57M | - | - | - |
| Financing Cash Flow | - | - | ($9.35M) | $991.0K | - | - | ($2.98M) | - | - | - |
| CapEx | - | - | $96.0K | $664.0K | - | - | $338.0K | - | - | - |
| Free Cash Flow | - | - | ($10.93M) | ($11.31M) | - | - | ($14.25M) | - | - | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 21.1% | 646.5% | 734.0% | 441.3% | -215.3% | -160.2% | 232.0% | 8949.2% | 892.8% | - |
| EBITDA margin | - | - | 732.0% | 445.5% | - | - | 229.9% | - | - | - |
| Net margin | 106.7% | 131.3% | 515.5% | 474.5% | -195.5% | 150.8% | 145.7% | 5297.2% | 869.3% | - |
| Free cash flow margin | - | - | 86.6% | -112.6% | - | - | 38.5% | - | - | - |
| FCF / Net income | - | - | 0.17 | -0.24 | - | - | 0.26 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 0.0% | - | - | 0.1% | - | 0.0% | - | - | - | - |
| Return on assets | 5.9% | -1.1% | -19.5% | 13.4% | -2.2% | 3.5% | -14.6% | -108.3% | -25.5% | - |
| Return on equity | -15.5% | 2.5% | 54.1% | -136.5% | -60.6% | -97.9% | 28.1% | -13646.3% | -20.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | -22.7x | -220.9x | -106.3x | - |
| Equity multiplier | -2.63 | -2.21 | -2.78 | -10.16 | 28.05 | -27.96 | -1.92 | 125.99 | 0.81 | 3.89 |
| Liabilities / Assets | 1.11 | 1.17 | 1.09 | 0.84 | 0.74 | 0.70 | 0.84 | 0.49 | 0.19 | 0.08 |
| Efficiency | ||||||||||
| Asset turnover | 0.06 | -0.01 | -0.04 | 0.03 | 0.01 | 0.02 | -0.10 | -0.02 | -0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 322.5% | -132.3% | -225.7% | -127.1% | -143.2% | -120.0% | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | -30.3% | - | - | 99.0% | 96.4% | - | - | - | - |
| Net income growth (YoY) | - | - | - | - | 98.4% | - | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 3.4% | 20.6% | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | -982.7% | -244.7% | 81.8% | 258.9% | - | - | - | - | -24.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-03-31.
Business segments
$55.93M totalBen Liquidity$42.60M · 76.2%
Ben Custody$21.60M · 38.6%
Customer Ex Alt Trusts($8.27M) · -14.8%
Peer comparison
Same SIC group: Finance Services
Comparing Beneficient against the 5 most active filers in the same SIC group.