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Beneficient(BENF)Earnings, Financials & Key Ratios
BENF•NASDAQ•Banking & Credit
$3.52
$1.86B mkt cap·54.6× P/E·Price updated May 7, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryAsset management technology and data platforms
AboutBeneficient, a technology-enabled financial service company, provides liquidity solutions to participants in the alternative asset industry. It operates AltAccess platform, which provides liquidity, custody, and investment analytics solutions, including AltLiquidity, an online tool that helps to find liquidity solutions for its alternative assets on a cybersecure platform; AltQuote, a quote tool for alternative assets; AltAccess, a secure platform for end-to-end alternative asset transactions; AltCustody to digitize and track its alternative assets; AltData, an investment analytics for its alternative asset data in one place; and AltTrading, a trading solution. The company serves mid-to-high net worth individual investors, small-to-midsize institutional investors, family offices, and fund general partners. The company is based in Dallas, Texas.Show more
- Net Interest Income-$15M+15.1%
- Total Revenue-$8M+92.0%
- Net Income$51M+102.4%
- Return on Equity89.34%+102.5%
- Net Interest Margin-4.2%+11.8%
- Efficiency Ratio-204.43%+91.9%
- ROA14.15%+102.5%
- Equity / Assets15.67%-2.0%
- Book Value per Share0.11-99.4%
- Tangible BV/Share0.08-99.4%
- Debt/Equity2.12-4.1%
BENF Key Insights
Beneficient (BENF) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 98 (top 2%)
- ✓Well capitalized: 15.7% equity/assets
✗Weaknesses
- ✗High debt to equity ratio of 2.1x
- ✗Weak NIM of -4.2%
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 33.5x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
BENF Price & Volume
Beneficient (BENF) stock price & volume — 10-year historical chart
Loading chart...
BENF Growth Metrics
Beneficient (BENF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-247.26%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-241.03%
Return on Capital
10 Years-177.55%
5 Years-283.68%
3 Years-466.68%
Last Year-13.06%
BENF Recent Earnings
Beneficient (BENF) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (60%)●Beat Revenue 0/12 qtrs (0%)
Q1 2026Latest
Feb 17, 2026EPS
$0.06
Est $0.92
+93.5%
Revenue
$25M
Est $12M
-309.2%
Q4 2025
Nov 14, 2025EPS
$2.32
Est $2.16
-7.4%
Revenue
$3M
Est $13M
-121.3%
Q4 2025
Sep 24, 2025EPS
$0.17
Est $0.21
+181.0%
Revenue
$198,000
Est $17M
-98.8%
Q2 2025
Mar 31, 2025EPS
$0.09
Revenue
$31M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 17, 2026 | $0.06vs $0.92+93.5% | $25Mvs $12M-309.2% |
| Q4 2025 | Nov 14, 2025 | $2.32vs $2.16-7.4% | $3Mvs $13M-121.3% |
| Q4 2025 | Sep 24, 2025 | $0.17vs $0.21+181.0% | $198,000vs $17M-98.8% |
| Q2 2025 | Mar 31, 2025 | $0.09 | $31M |
Based on last 12 quarters of dataView full earnings history →
BENF Peer Comparison
Beneficient (BENF) competitors in Asset management technology and data platforms — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CSWC | 1.43B | 23.99 | 16.32 | 7.67% | 10.32% | 1.08 | ||
 TPVG | 242.54M | 5.99 | 4.91 | 36.55% | -3.39% | 1.33 | ||
 PFLT | 888M | 8.95 | 12.43 | 2.2% | 11.17% | 1.65 | ||
 GAIN | 657.46M | 16.51 | 9.28 | -12.88% | 21.89% | 0.91 | ||
 SLRC | 745.22M | 13.66 | 8.04 | 24.76% | 7.31% | 1.15 | ||
 STEP | 2.11B | 54.19 | -21.50 | 65.09% | -9.85% | 0.22 | ||
 HLNE | 4.25B | 88.96 | 16.44 | 28.73% | 15.56% | 0.40 | ||
 ARES | 40.44B | 123.15 | 62.83 | 66.55% | 6.25% | 1.71 |
Compare BENF vs Peers
Beneficient (BENF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BENF Income Statement
Beneficient (BENF) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Mar'23 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 4.13M | 21.38M | 30.26M | -30.47M | -15.47M | -15.47M | -17.56M | -14.91M | -11.37M |
| NII Growth % | - | 417.99% | 41.54% | -200.7% | -2.74% | 49.22% | -13.5% | 15.1% | 130.29% |
| Net Interest Margin % | 0.2% | 0.8% | 1.07% | -0.97% | -0.53% | -4.2% | -4.76% | -4.2% | -3.37% |
| Interest Income | 4.13M | 21.38M | 30.26M | 2.08M | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 32.55M | 15.47M | 15.47M | 17.56M | 14.91M | 17.18M |
| Loan Loss Provision | 7.54M | 3.67M | 0 | -11.77M | 30.06M | 30.06M | 47.57M | 1.94M | 719K |
| Non-Interest Income | 36.3M | 58.09M | 30.03M | 99.9M | -104.99M | -104.99M | -98.91M | -7.95M | -14.86M |
| Non-Interest Income % | 89.79% | 73.1% | 49.81% | 97.96% | 100% | 100% | 100% | 100% | 100% |
| Total Revenue | 40.43M▲ 0% | 79.47M▲ 96.6% | 60.29M▼ 24.1% | 101.98M▲ 69.1% | -104.99M▼ 203.0% | -104.99M▲ 0.0% | -98.91M▲ 5.8% | -7.95M▲ 92.0% | -14.86M▲ 0% |
| Revenue Growth % | - | 96.56% | -24.13% | 69.15% | 0.39% | -202.95% | 5.79% | 91.97% | 120.53% |
| Non-Interest Expense | 186.64M | 220M | 197.18M | 98.14M | 102.66M | 102.66M | 2.48B | 16.24M | 121.24M |
| Efficiency Ratio | 461.65% | 276.85% | 327.05% | 96.24% | -97.78% | -97.78% | -2511.94% | -204.43% | -815.67% |
| Operating Income | 24.73M▲ 0% | 41.44M▲ 67.6% | -135.38M▼ 426.7% | -47.41M▲ 65.0% | -253.17M▼ 434.0% | -253.17M▲ 0.0% | -2.65B▼ 946.1% | -24.18M▲ 99.1% | -85.62M▲ 0% |
| Operating Margin % | 61.17% | 52.15% | -224.54% | -46.49% | 241.14% | 241.14% | 2677.79% | 304.41% | 576% |
| Operating Income Growth % | - | 67.57% | -426.68% | 64.98% | 0% | -433.97% | -946.14% | 99.09% | - |
| Pretax Income | -157.88M▲ 0% | -165.57M▼ 4.9% | -167.15M▼ 1.0% | -47.41M▲ 71.6% | -253.17M▼ 434.0% | -253.17M▲ 0.0% | -2.66B▼ 949.6% | -723K▲ 100.0% | -149.87M▲ 0% |
| Pretax Margin % | -390.5% | -208.36% | -277.24% | -46.49% | 241.14% | 241.14% | 2686.73% | 9.1% | 1008.25% |
| Income Tax | -148.87M | 3.64M | 179K | 3.46M | -1.07M | -1.07M | 788K | 80K | -14.59M |
| Effective Tax Rate % | 94.3% | -2.2% | -0.11% | -7.3% | 0.42% | 0.42% | -0.03% | -11.07% | 9.74% |
| Net Income | -9M▲ 0% | -5.01M▲ 44.3% | -334.04M▼ 6560.8% | -58.04M▲ 82.6% | -130.98M▼ 125.7% | -130.98M▲ 0.0% | -2.1B▼ 1500.0% | 51.16M▲ 102.4% | -49.57M▲ 0% |
| Net Margin % | -22.27% | -6.31% | -554.05% | -56.91% | 124.76% | 124.76% | 2118.78% | -643.95% | 333.5% |
| Net Income Growth % | - | 44.3% | -6560.84% | 82.62% | 0% | -125.67% | -1499.97% | 102.44% | -247.26% |
| Net Income (Continuing) | -9M | -161.94M | -167.33M | -50.87M | -252.1M | -252.1M | -2.66B | -803K | -135.28M |
| EPS (Diluted) | -0.18▲ 0% | -0.11▲ 38.9% | -583.38▼ 530245.5% | -101.36▲ 82.6% | 0.00▲ 100.0% | 11.72▲ 0% | -666.53▼ 5787.1% | 0.06▲ 100.0% | -▲ 0% |
| EPS Growth % | - | 38.89% | -530245.45% | 82.63% | 100% | 111.56% | -5787.12% | 100.01% | -241.03% |
| EPS (Basic) | -0.18 | -0.11 | -583.38 | -101.36 | 0.00 | 11.72 | -666.53 | 69.77 | - |
| Diluted Shares Outstanding | 50.24M | 45.03M | 572.6K | 572.6K | 0 | 325.38K | 3.14M | 528.87M | 0 |
BENF Balance Sheet
Beneficient (BENF) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Mar'23 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 3.54M | 17.55M | 12.49M | 70.59M | 8.73M | 7.91M | 7.91M | 1.35M | 25.19M |
| Cash & Due from Banks | 3.54M | 17.55M | 12.49M | 70.59M | 8.73M | 7.91M | 7.91M | 1.35M | 7.87M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 497.73M | 24.55M | 409.94M | 674.17M | 497.22M | 329.12M | 329.12M | 291.37M | 0 |
| Investments Growth % | - | -95.07% | 1569.8% | 64.46% | 51.08% | -51.18% | 0% | -11.47% | -159.04% |
| Long-Term Investments | 497.73M | 24.55M | 409.94M | 674.17M | 497.22M | 329.12M | 329.12M | 291.37M | 797.34M |
| Accounts Receivables | 23.78M | 29.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 1.53B | 2.36B | 2.37B | 2.37B | 2.37B | 16.71M | 16.71M | 13.01M | 13.01M |
| Goodwill | 1.53B | 2.36B | 2.37B | 2.37B | 2.37B | 13.61M | 13.61M | 9.91M | 9.91M |
| Intangible Assets | 0 | 4.83M | 3.45M | 3.29M | 3.1M | 3.1M | 3.1M | 3.1M | 3.1M |
| PP&E (Net) | 370K | 3.15M | 4.58M | 7.34M | 4.34M | 2.33M | 2.33M | 1.73M | 0 |
| Other Assets | 8.16M | 10.91M | 2.77M | 3.68M | 9.83M | 2.54M | 2.54M | 2.19M | 0 |
| Total Current Assets | 41.1M | 279.06M | 28.01M | 84.97M | 28.27M | 17.8M | 17.8M | 46.57M | 7.87M |
| Total Non-Current Assets | 2.04B | 2.4B | 2.79B | 3.06B | 2.88B | 350.7M | 350.7M | 308.31M | 13.01M |
| Total Assets | 2.08B▲ 0% | 2.68B▲ 28.6% | 2.82B▲ 5.1% | 3.14B▲ 11.5% | 2.91B▼ 7.3% | 368.5M▼ 87.3% | 368.5M▲ 0.0% | 354.88M▼ 3.7% | 337.86M▲ 0% |
| Asset Growth % | - | 28.61% | 5.12% | 11.53% | 689.87% | -88.27% | 0% | -3.7% | -40.9% |
| Return on Assets (ROA) | -0.43% | -0.21% | -12.16% | -1.95% | -7.99% | -7.46% | -568.69% | 14.15% | -14.67% |
| Accounts Payable | 24.21M | 13.71M | 17.84M | 33.53M | 65.72M | 119.46M | 119.46M | 55.07M | 0 |
| Total Debt | 378.12M | 322.38M | 256.34M | 171.59M | 151.44M | 130.25M | 130.25M | 117.9M | 0 |
| Net Debt | 374.58M | 304.83M | 243.85M | 101M | 142.72M | 122.33M | 122.33M | 116.55M | -7.87M |
| Long-Term Debt | 378.12M | 321.51M | 256.34M | 171.59M | 151.44M | 130.25M | 130.25M | 117.9M | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 284.24M | 99.98M | 1.37M | 22.63M | 1.12M | 3.92M | 3.92M | 3.63M | 0 |
| Total Current Liabilities | 28.49M | 19.3M | 25.13M | 47.21M | 79.22M | 175.4M | 175.4M | 177.67M | 0 |
| Total Non-Current Liabilities | 662.37M | 421.79M | 257.71M | 194.22M | 152.57M | 134.17M | 134.17M | 121.6M | 0 |
| Total Liabilities | 690.86M | 441.08M | 282.84M | 241.43M | 231.79M | 309.57M | 309.57M | 299.27M | 375.9M |
| Total Equity | 1.39B▲ 0% | 2.24B▲ 60.7% | 2.53B▲ 13.2% | 2.9B▲ 14.5% | 2.68B▼ 7.6% | 58.93M▼ 97.8% | 58.93M▲ 0.0% | 55.6M▼ 5.7% | -128.57M▲ 0% |
| Equity Growth % | - | 60.75% | 13.2% | 14.45% | 4445.6% | -97.97% | 0% | -5.66% | -503.98% |
| Equity / Assets (Capital Ratio) | 66.84% | 83.54% | 89.96% | 92.31% | 92.04% | 15.99% | 15.99% | 15.67% | -38.05% |
| Return on Equity (ROE) | -0.65% | -0.28% | -14% | -2.14% | -9.57% | -8.85% | -3555.91% | 89.34% | 127.81% |
| Book Value per Share | 27.71 | 49.70 | 4424.56 | 5063.91 | - | 181.12 | 18.74 | 0.11 | -4285.57 |
| Tangible BV per Share | -2.76 | -2.77 | 283.42 | 923.06 | - | 129.78 | 13.43 | 0.08 | - |
| Common Stock | 420.17M | 563.97M | 624.95M | 718.57M | 599.52M | 3K | 3K | 8K | 14K |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 1.58B | 1.85B | 1.85B | 1.84B | 0 |
| Retained Earnings | -99.71M | 0 | 0 | 0 | 0 | -2.06B | -2.06B | -2.01B | -2.06B |
| Accumulated OCI | 0 | 0 | 0 | -1.33M | 9.9M | -19.76M | -19.76M | -2K | 52K |
| Treasury Stock | 0 | 0 | -3.44M | -3.44M | -3.44M | -3.44M | -3.44M | -3.44M | 0 |
| Preferred Stock | 0 | 0 | 0 | 721.79M | 0 | 0 | 0 | 0 | 2K |
BENF Cash Flow Statement
Beneficient (BENF) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Mar'23 | Mar'23 | Mar'24 | Mar'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -2.08M | 17.81M | -51.19M | -54.01M | -95.12M | -95.12M | -58.22M | -37.7M | -37.7M |
| Operating CF Growth % | - | 956.58% | -387.35% | -5.51% | 0% | -76.11% | 38.8% | 35.24% | -61.88% |
| Net Income | -5M | -195K | -334.04M | -50.87M | -130.98M | -130.98M | -2.1B | -803K | -49.57M |
| Depreciation & Amortization | 3.03M | 237K | 332K | 1.05M | 3.61M | 3.61M | 3.77M | 1.7M | 969K |
| Deferred Taxes | 0 | 0 | 0 | 3.46M | -1.07M | -1.07M | 0 | 80K | -590K |
| Other Non-Cash Items | 4.94M | -17.62M | 144.13M | -78.7M | 34.35M | 34.35M | 2.02B | -52.98M | 101.45M |
| Working Capital Changes | -5.05M | 35.39M | -10.33M | -488K | -2.1M | -2.1M | 17.2M | 8.66M | 2.46M |
| Cash from Investing | 102.43K | 141.54M | 70.44M | -5.98M | 63.02M | 63.02M | 44.06M | 28.11M | 69.97M |
| Purchase of Investments | 0 | 0 | 0 | -23.15M | -10.04M | -10.04M | -1.42M | -1.22M | -2.41M |
| Sale/Maturity of Investments | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 2M |
| Net Investment Activity | 0 | 0 | 0 | -22.15M | -9.04M | -9.04M | -420K | -219K | -414K |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 298.57K | 141.91M | 73.42M | -2.76M | 0 | 0 | 968K | 0 | 61.4M |
| Cash from Financing | -5.34M | -156.36M | -5.24M | 43.86M | -34.46M | -34.46M | 12.59M | 2.97M | -23.12M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -124.87M | -26.45M | 0 | -8.43M | -8.43M | -1.41M | 0 | 271K |
| Stock Issued | 0 | 0 | 0 | 12.5K | 0 | 0 | -6.97M | 6.39M | 73K |
| Net Stock Activity | 0 | -124.87M | -26.45M | 12.5K | -8.43M | -8.43M | -8.38M | 6.39M | 344K |
| Debt Issuance (Net) | - | - | - | - | -1000K | -1000K | - | -1000K | -3M |
| Other Financing | 0 | 0 | 78.07M | 119.2M | -7.37M | -7.37M | 4.34M | 0 | -4.08M |
| Net Change in Cash | -7.32M▲ 0% | 10.8M▲ 247.6% | 6.2M▼ 42.6% | -16.13M▼ 360.4% | -66.56M▼ 312.6% | -66.56M▲ 0.0% | -1.57M▲ 97.6% | -6.63M▼ 322.9% | 3.67M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 7.87M | 554.84K | 11.36M | 34.01M | 76.11M | 76.11M | 9.54M | 7.98M | 4.9M |
| Cash at End | 554.84K | 11.36M | 17.55M | 17.88M | 9.54M | 9.54M | 7.98M | 1.35M | 7.87M |
| Interest Paid | - | - | - | - | 0 | 0 | - | 0 | 0 |
| Income Taxes Paid | - | - | - | - | 0 | 0 | - | 0 | 0 |
| Free Cash Flow | -2.28M▲ 0% | 17.44M▲ 866.3% | -54.17M▼ 410.6% | -57.23M▼ 5.7% | -97.19M▼ 69.8% | -97.19M▲ 0.0% | -59.98M▲ 38.3% | -38.8M▲ 35.3% | -43.58M▲ 0% |
| FCF Growth % | - | 866.33% | -410.6% | -5.65% | 0% | -69.83% | 38.29% | 35.3% | -10.86% |
BENF Banking Ratios
Beneficient (BENF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -0.28% | -14% | -2.14% | -9.57% | -8.85% | -3555.91% | 89.34% | 127.81% |
| Return on Assets (ROA) | -0.21% | -12.16% | -1.95% | -7.99% | -7.46% | -568.69% | 14.15% | -14.67% |
| Net Interest Margin | 0.8% | 1.07% | -0.97% | -0.53% | -4.2% | -4.76% | -4.2% | -3.37% |
| Efficiency Ratio | 276.85% | 327.05% | 96.24% | -97.78% | -97.78% | -2511.94% | -204.43% | -815.67% |
| Equity / Assets | 83.54% | 89.96% | 92.31% | 92.04% | 15.99% | 15.99% | 15.67% | -38.05% |
| Book Value / Share | 49.7 | 4.42K | 5.06K | - | 181.12 | 18.74 | 0.11 | -4.29K |
| NII Growth | 417.99% | 41.54% | -200.7% | -2.74% | 49.22% | -13.5% | 15.1% | 28.19% |
| Dividend Payout | - | - | - | - | - | - | - | 0% |
BENF SEC Filings & Documents
Beneficient (BENF) SEC filings — annual & quarterly reports (10-K, 10-Q)
BENF Frequently Asked Questions
Beneficient (BENF) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Beneficient (BENF) grew revenue by 92.0% over the past year. This is strong growth.
Beneficient (BENF) reported a net loss of $49.6M for fiscal year 2025.
Dividend & Returns
Beneficient (BENF) has a return on equity (ROE) of 89.3%. This is excellent, indicating efficient use of shareholder capital.
Industry Metrics
Beneficient (BENF) has a net interest margin (NIM) of -4.2%. NIM has been under pressure due to interest rate environment.
Beneficient (BENF) has an efficiency ratio of 0.0%. This is excellent, indicating strong cost control.
Explore More BENF
Beneficient (BENF) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates