Beneficient (BENF) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | -9.37M | -14.53M | -10.84M | -8.45M | -10M | -8.61M | -10.65M | -8.65M | -22.21M | -13.45M | -13.91M | -21.37M | -13.36M | -249.95K | -196.31K | -11.33M | -697.18K | -875 | -7.83M | -1.95K |
| Operating CF Margin % | -50.2% | 525.81% | -5472.73% | 27.27% | -226.38% | -100.6% | -105.98% | 20.06% | 215.67% | 31.44% | 507.11% | 114.97% | 115.63% | 0.66% | 0.53% | 16.99% | 19.47% | -0% | -27.72% | -0.46% |
| Operating CF Growth % | 6.26% | -68.69% | -1.78% | 2.32% | 54.99% | 35.95% | 23.46% | 59.54% | -66.24% | -5279.39% | -6985.88% | -88.55% | -1816.73% | -28466.17% | 97.49% | -581923.63% | - | - | - | - |
| Net Income | -21.63M | -17.91M | -65.08M | -44.63M | -10.23M | 12.91M | 44.31M | -66.22M | -542.17M | -381.76M | -1.16B | -49.02M | -42.85M | 200.34K | 3.22M | -100.91M | 3.82M | -875 | -3.84M | -450 |
| Depreciation & Amortization | 141K | 143K | 242K | 443K | 447K | 391K | 414K | 742K | 1.11M | 991K | 931K | 1.03M | 923K | 872K | 777K | 612K | 525K | 476.5K | 476.5K | 512K |
| Stock-Based Compensation | 367K | 462K | 461K | 487K | 804K | 3.36M | 994K | 1.57M | 2.03M | 8.5M | 27M | 270K | 1.92M | 2.74M | 3.51M | 2.83M | 10.7M | 3.88M | 3.72M | 5.01M |
| Deferred Taxes | 43K | 0 | 0 | -633K | 713K | 0 | 0 | 0 | -16.4M | 349.47M | 1.1B | 24.52M | -2.36M | 0 | 0 | 1.07M | 0 | 0 | 0 | -273K |
| Other Non-Cash Items | 9.65M | 7.57M | 50.8M | 33.43M | -1.15M | -30.88M | -57.56M | 45.14M | 540.52M | 5.02M | 3.68M | 1.75M | 20.05M | -780.46K | -3.58M | 76.11M | -4.25M | -12.37M | -8.36M | 4.34M |
| Working Capital Changes | 2.05M | -4.79M | 2.74M | 2.46M | -587K | 5.59M | 1.19M | 8.98M | -7.3M | 4.33M | 11.19M | 68K | 7.3M | 330.16K | 159.35K | 8.96M | -263.03K | 172K | 172K | -1.5K |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -1.69M | -2.74M | 1.64M | 1.27M | 33.46M | 0 | 0 | 4.19M | -12.15M | 4.56M | 12.03M | 11.24M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 16.42M | 16.37M | 26.45M | 10.72M | 6.22M | 4.77M | 6.39M | 7.32M | 11M | 14.51M | 11.23M | 27.26M | 16.59M | 86K | 10.57M | 11.49M | -210.1M | 4.22M | 4.22M | 4.3M |
| Capital Expenditures | -173K | 269K | -96K | -124K | -42K | -269K | -664K | -429K | -375K | -432K | -523K | -448K | -796K | -495K | -338K | -975K | -1.74M | -873.5K | -873.5K | -720K |
| CapEx % of Revenue | 0.93% | -9.74% | 48.48% | -0.4% | 0.95% | 3.14% | 6.61% | -1% | -3.64% | -1.01% | -19.07% | -2.41% | -6.89% | -1.3% | -0.91% | -1.46% | -48.48% | 1.64% | 3.09% | 168.62% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 243.98M | 263.77M | 291.37M | 334.28M | 334.99M | 331.37M | 329.12M | 334.99M | 331.37M | 329.12M | 329.12M | 457.77M | 489.29M | 497.22M | 497.22M | 580.15M | 0 | 674.17M | 0 |
| Other Investing | 61.67M | -269K | 0 | 0 | 0 | 0 | 0 | 7.75M | 11.37M | 968K | 11.48M | 27.71M | 17.38M | 9.09M | 10.91M | 12.46M | 33.57M | 5.1M | 5.1M | 0 |
| Cash from Financing | -4.08M | -4.55M | -9.35M | -5.13M | 3.18M | 3.92M | 991K | -1.97M | 20.07M | -2.53M | -2.98M | -11.7M | -9.56M | -2.84M | -10.36M | 55.63M | 211.84M | -750 | -390.5K | -6.79K |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 0 | 271K | 73K | 2.88M | 673K | 2.56M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 271K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.41M | -1.44M | -1.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -4.08M | 0 | 0 | 0 | 1.77M | 0 | -1.56M | -22.44M | 23.15M | -32K | 7.79M | -3.66M | -2.56M | -771K | -5.57M | 63.84M | 2.35M | -390.5K | -390.5K | -1.51M |
| Net Change in Cash | 2.96M | -2.71M | 6.27M | -2.85M | -595K | 83K | -3.26M | -3.29M | 8.85M | -1.46M | -5.67M | -5.81M | -6.33M | -163.95K | -196.31K | 55.78M | 1.04M | -1.63K | -4M | -17.87M |
| Free Cash Flow | -9.55M | -14.53M | -10.93M | -8.57M | -10.04M | -8.88M | -11.31M | -9.07M | -22.59M | -13.88M | -14.43M | -21.82M | -14.16M | -744.95K | -534.31K | -12.31M | -2.43M | -874.38K | -8.71M | -721.95K |
| FCF Margin % | -51.13% | 525.81% | -5521.21% | 27.67% | -227.33% | -103.74% | -112.59% | 21.05% | 219.31% | 32.45% | 526.18% | 117.38% | 122.51% | 1.95% | 1.44% | 18.45% | 67.95% | -1.64% | -30.81% | -169.07% |
| FCF Growth % | 4.93% | -63.59% | 3.35% | 5.58% | 55.55% | 36.01% | 21.63% | 58.4% | -59.54% | -1762.93% | -2601.26% | -77.26% | -481.91% | 14.8% | 93.86% | -1604.7% | - | - | - | - |
| FCF per Share | -318.20 | -12.00 | -9.67 | -1.00 | -1.53 | -2.04 | -0.04 | -2.69 | -6.59 | -4.32 | -0.08 | -8.76 | -5.68 | -0.30 | -0.21 | -14.60 | -3.17 | -1.45 | -14.45 | -1.26 |
| FCF Conversion (FCF/Net Income) | -0.47x | 4.00x | 0.17x | 10.83x | 1.16x | -0.67x | -0.22x | 0.13x | 0.04x | 0.04x | 0.01x | 0.61x | 0.31x | 0.00x | -0.06x | 0.11x | -0.18x | -0.00x | 2.04x | 4.33x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - |