BENF · CIK 0001775734
Beneficient
Annual figures as reported, FY2019–FY2026. Ratios and growth rates derived on-page.
Finance Services
Company profile
Revenue
−$39.1M
▼ −392.6% vs FY2025
Net income
−$87.4M
▼ −270.9% vs FY2025
Free cash flow
−$38.8M
▼ −0.0% vs FY2025
Total assets
$238.8M
▼ −32.7% vs FY2025
Revenue
Annual, as reported
Net income
Losses shown in terracotta
Recent quarters
momentum · last 12 quartersRevenue — Mar ’26 quarter
−$42.4M
▼ −36.9% vs Mar ’25
Net income — Mar ’26 quarter
$3.2M
▼ −44.0% vs Mar ’25
Revenue — trailing 12 months
−$39.1M
▼ −392.6% vs Mar ’25
Quarterly revenue
Discrete quarters; Q4 derived from the annual figure
Quarterly net income
Losses shown in terracotta
| Quarter | Revenue | Rev. YoY | Gross margin | Net income | Net margin | Diluted EPS |
|---|---|---|---|---|---|---|
| Mar ’26 | −$42.4M | −36.9% | — | $3.2M | −7.6% | — |
| Dec ’25 | $18.7M | 322.5% | — | $19.9M | 106.7% | — |
| Sep ’25 | −$2.8M | −132.3% | — | −$17.9M | 648.1% | — |
| Jun ’25 | −$12.6M | −225.7% | — | −$92.6M | 734.0% | — |
| Mar ’25 | −$31.0M | 27.9% | — | $5.7M | −18.5% | — |
| Dec ’24 | $4.4M | 143.2% | — | −$8.6M | −195.5% | — |
| Sep ’24 | $8.6M | 120.0% | — | $9.7M | 113.9% | — |
| Jun ’24 | $10.0M | 466.2% | — | $44.3M | 441.1% | — |
Profitability & returns
quality of earningsMargins
Share of revenue kept at each line
Operating marginNet margin
Returns on capital
Net income vs year-end equity and assets
Return on equityReturn on assets
Cash flow
cash generationFree cash flow
Operating cash flow less capital expenditure
Operating cash flow
Net cash from operations
Balance sheet
financial positionStockholders’ equity
At fiscal year end
Key ratios
derived per fiscal year| Fiscal year | Op. margin | Net margin | FCF margin | ROE | ROA |
|---|---|---|---|---|---|
| FY2026 | — | — | — | — | −36.6% |
| FY2025 | — | — | — | — | 14.4% |
| FY2024 | — | — | — | — | −568.7% |
| FY2023 | — | — | — | −7.6% | −4.5% |
| FY2022 | — | — | — | — | — |
| FY2021 | −128.6% | −113.9% | −110.7% | −6.4% | — |
| FY2020 | −33.8% | −41.4% | −40.8% | −5.9% | — |
| FY2019 | — | — | — | — | — |
Annual figures
as reported| Fiscal year | Revenue | Gross profit | Op. income | Net income | Diluted EPS | Op. cash flow | Capex | Total assets | Liabilities | Equity | Cash | LT debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2026 | −$39.1M | — | −$166.5M | −$87.4M | — | −$38.7M | $96K | $238.8M | $337.5M | −$189.3M | $2.5M | — |
| FY2025 | −$7.9M | — | −$24.2M | $51.2M | — | −$37.7M | $1.1M | $354.9M | $299.3M | −$34.9M | $1.3M | — |
| FY2024 | −$98.7M | — | −$2.6B | −$2.1B | — | −$58.2M | $1.8M | $368.5M | $309.6M | −$192.1M | $7.9M | — |
| FY2023 | −$104.9M | — | −$253.2M | −$131.0M | — | −$95.1M | $2.1M | $2.9B | $231.8M | $1.7B | $8.7M | — |
| FY2022 | — | — | — | — | — | — | — | $3.1B | $241.4M | $1.9B | $70.6M | — |
| FY2021 | $55.3M | — | −$71.1M | −$63.0M | — | −$57.0M | $4.2M | — | — | $984.9M | $17.7M | — |
| FY2020 | $140.3M | — | −$47.4M | −$58.0M | — | −$54.0M | $3.2M | — | — | $986.3M | $17.9M | — |
| FY2019 | — | — | — | — | — | — | — | — | — | $676.5M | $34.0M | — |
Latest filings
the most recent regulatory filings10-KAnnual report2026-06-30 ↗NT 10-KSEC filing2026-06-30 ↗8-KCurrent report — material event2026-06-29 ↗8-KCurrent report — material event2026-06-25 ↗8-K/ACurrent report — material event2026-06-25 ↗SCHEDULE 13D/ASEC filing2026-04-20 ↗3Insider ownership filing2026-04-20 ↗DSEC filing2026-04-17 ↗424B3Prospectus2026-04-10 ↗DEFA14AProxy statement2026-04-10 ↗
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