BENF · Beneficient
Substantial doubt about the company's ability to continue as a going concern.
“Further, as substantial doubt about our ability to continue as a going concern exists, our ability to finance our operations through the sale and issuance of additional debt or equity securities or through other financing could be impaired and we cannot conclude as of the date of this filing that such plans are probable of being successfully implemented.”View the 10-K filed Jun 30, 2026
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| -$39.13M | -$7.94M | -$98.7M | -$104.9M | |
| $40K | $44K | — | — | |
| — | — | — | $185K | |
| $746K | $1.7M | $3.78M | $3.61M | |
| $127.39M | $16.24M | $2.55B | $148.27M | |
| -$166.51M | -$24.19M | -$2.65B | -$253.17M | |
| -$165.77M | -$22.49M | -$2.64B | -$249.57M | |
| — | — | $17.56M | $15.47M | |
| — | -$96.3M | — | — | |
| $9.77M | -$2.24M | -$104.52M | -$51.42M | |
| -$164.52M | -$723K | -$2.66B | -$253.17M | |
| $214K | $80K | $788K | -$1.07M | |
| -$87.43M | $51.16M | -$2.1B | -$130.98M | |
| -$96.22M | -$69.79M | -$579.33M | -$136.94M | |
| -$18.29M | $51.16M | -$2.1B | -$130.98M | |
| -$87.43M | $51.16M | -$2.1B | -$130.98M | |
| USD/shares | — | — | — | -$1,241.60 |
| USD/shares | — | — | — | -$1,241.60 |
| shares | — | — | — | 105.45K |
| shares | — | — | — | 105.45K |
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 42 similar-size Asset Management companies (of 108 listed).
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Ben Liquidity | $33,421,000 | $42,583,000 | $46,947,000 | $50,819,000 | $56,439,000 | $51,819,000 |
| Ben Custody | $12,743,000 | $21,574,000 | $24,534,000 | $29,042,000 | $20,288,000 | $19,409,000 |
| Customer Ex Alt Trusts | -$49,174,000 | -$8,274,000 | -$97,568,000 | -$89,041,000 | $52,156,000 | $118,601,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Ben Custody | $7,954,000 | $13,288,000 | -$588,811,000 | $24,046,000 | $16,193,000 | $15,922,000 |
| Ben Liquidity | -$55,699,000 | -$12,802,000 | -$1,810,964,000 | -$46,512,000 | $21,191,000 | $25,238,000 |
| Corporate And Other | -$93,128,000 | $10,243,000 | — | — | — | — |
| Customer Ex Alt Trusts | -$214,506,000 | -$168,427,000 | -$248,065,000 | -$248,038,000 | -$46,350,000 | $37,784,000 |
Operating Margin by Segment (%)
| Component | FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Ben Liquidity | -166.7% | -30.1% | -3857.5% | -91.5% | 37.5% | 48.7% |
| Ben Custody | 62.4% | 61.6% | -2400% | 82.8% | 79.8% | 82% |
| Customer Ex Alt Trusts | — | — | — | — | -88.9% | 31.9% |