NASDAQ: BENF
BeneficientCIK 0001775734 · SIC 6199 · Finance Services
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Latest financial statements
From 10-Q filed Aug 14, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Comprehensive Income (Loss) (Unaudited)
(Dollars in thousands, except per share amounts)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 |
|---|---|---|
| Revenues | ||
| Investment income (loss), net | 15,875 | (12,776) |
| Gain (loss) on financial instruments, net (related party of $(3,760) and $(1)) | (3,766) | (45) |
| Interest and dividend income | 10 | 10 |
| Trust services and administration revenues (related party of nil and $8) | 46 | 188 |
| Total revenues | 12,165 | (12,623) |
| Operating expenses | ||
| Employee compensation and benefits | 2,827 | 3,331 |
| Interest expense (related party of $2,708 and $3,317) | 4,570 | 3,415 |
| Professional services, net | 3,486 | 7,957 |
| Accrual of loss contingency related to arbitration award | — | 62,831 |
| Other expenses (related party of $714 and $628) | 1,659 | 2,491 |
| Total operating expenses | 12,542 | 80,025 |
| Net income (loss) | (377) | (92,648) |
| Plus: Net (income) loss attributable to noncontrolling interests Customer ExAlt Trusts | (1,519) | 16,212 |
| Plus: Net loss attributable to noncontrolling interests Ben | 21 | 15,984 |
| Less: Noncontrolling interest guaranteed payment | (4,908) | (4,624) |
| Net income (loss) attributable to Beneficient common shareholders | (6,783) | (65,076) |
| Other comprehensive income (loss): | ||
| Unrealized gain (loss) on investments in available-for-sale debt securities | 455 | — |
| Total comprehensive income (loss) | 78 | (92,648) |
| Less: Comprehensive gain (loss) attributable to noncontrolling interests | 6,861 | (27,572) |
| Total comprehensive income (loss) attributable to Beneficient | (6,783) | (65,076) |
| Net income (loss) per common share (1) | ||
| Class A basic | (0.47) | (57.55) |
| Class B basic | (0.47) | (57.55) |
| Net income (loss) per common share (1) | ||
| Class A diluted | (0.47) | (57.55) |
| Class B diluted | (0.47) | (57.55) |
Consolidated Statements of Financial Condition
(Dollars and shares in thousands, except per share amounts)
| Description | June 30, 2026 (unaudited) | March 31, 2026 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | 5,582 | 2,543 |
| Investments, at fair value: | ||
| Investments held by Customer ExAlt Trusts (related party of nil and nil) | 212,468 | 195,536 |
| Derivative asset, related party | 17,891 | 21,652 |
| Other assets, net (related party of $515 and $514) | 5,082 | 9,127 |
| Goodwill | 9,914 | 9,914 |
| Total assets | 250,937 | 238,772 |
| LIABILITIES, TEMPORARY EQUITY, AND EQUITY (DEFICIT) | ||
| Accounts payable and accrued expenses (related party of $18,285 and $17,571) | 61,213 | 63,788 |
| Other liabilities (related party of $33,237 and $30,497) | 186,210 | 176,651 |
| Warrants liability | 295 | 308 |
| Debt due to related parties | 96,784 | 96,785 |
| Total liabilities | 344,502 | 337,532 |
| Redeemable noncontrolling interests | ||
| Preferred Series A Subclass 0 Redeemable Unit Accounts, nonunitized | 90,526 | 90,526 |
| Total temporary equity | 90,526 | 90,526 |
| Shareholders’ equity (deficit): | ||
| Preferred stock, par value $0.001 per share, 250,000 shares authorized | ||
| Series A preferred stock, 0 and 0 shares issued and outstanding as of June 30, 2026 and March 31, 2026, respectively | — | — |
| Series B preferred stock, 2,704 and 1,831 shares issued and outstanding as of June 30, 2026 and March 31, 2026, respectively | 3 | 2 |
| Class A common stock, par value $0.001 per share, 625,000 and 625,000 shares authorized as of June 30, 2026 and March 31, 2026, respectively, 14,769 and 14,419 shares issued as of June 30, 2026 and March 31, 2026, respectively, and 14,768 and 14,418 shares outstanding as of June 30, 2026 and March 31, 2026, respectively | 15 | 14 |
| Class B convertible common stock, par value $0.001 per share, 31 shares authorized, 30 and 30 shares issued and outstanding as of June 30, 2026 and March 31, 2026, respectively | — | — |
| Additional paid-in capital | 1,894,784 | 1,884,835 |
| Accumulated deficit | (2,102,261) | (2,095,478) |
| Treasury stock, at cost (1 share as of June 30, 2026 and March 31, 2026) | (3,444) | (3,444) |
| Accumulated other comprehensive income (loss) | 507 | 52 |
| Noncontrolling interests | 26,305 | 24,733 |
| Total equity (deficit) | (184,091) | (189,286) |
| Total liabilities, temporary equity, and equity (deficit) | 250,937 | 238,772 |
Consolidated Statements of Cash Flows (Unaudited)
(Dollars in thousands)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income (loss) | (377) | (92,648) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 125 | 242 |
| Net amortization of debt premium and discount (related party of $(32) and $92) | (32) | 92 |
| Gain (loss) on financial instruments, net (related party of $(3,760) and $(1)) | 3,766 | 45 |
| Return on investments in alternative assets held by Customer ExAlt Trusts | 1,219 | — |
| Investment income (loss), net | (15,875) | 12,776 |
| Non cash interest expense (related party of $2,738 and $2,697) | 4,602 | 2,764 |
| Non cash interest income | (10) | (139) |
| Non cash share-based compensation | 185 | 461 |
| Accrual of loss contingency related to arbitration award | — | 62,831 |
| Changes in assets and liabilities: | ||
| Changes in other assets | 853 | 1,101 |
| Changes in accounts payable and accrued expenses | 1,439 | 1,639 |
| Net cash used in operating activities | (4,105) | (10,836) |
| Cash flows from investing activities: | ||
| Return of investments in alternative assets held by Customer ExAlt Trusts | 1,923 | 3,711 |
| Proceeds from disposition of alternative assets held by Customer ExAlt Trusts | 5,002 | 24,059 |
| Purchase of investments in alternative assets held by Customer ExAlt Trusts | (14) | (1,219) |
| Purchase of premises and equipment | — | (96) |
| Net cash provided by investing activities | 6,911 | 26,455 |
| Cash flows from financing activities: | ||
| Proceeds from related party debt financings | — | 850 |
| Payments on related party debt financings | — | (10,474) |
| Proceeds received from issuance of Class A common shares under equity purchase agreement | 233 | 271 |
| Net cash provided by (used in) financing activities | 233 | (9,353) |
| Net increase (decrease) in cash and cash equivalents | 3,039 | 6,266 |
| Cash and cash equivalents at beginning of period | 2,543 | 1,346 |
| Cash and cash equivalents at end of period | 5,582 | 7,612 |
Amounts as printed on the EDGAR/iXBRL face — (Dollars in thousands, except per share amounts); (Dollars and shares in thousands, except per share amounts); (Dollars in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗