Beneficient
For the period ended Mar 31, 2025. Filed Sep 29, 2025.
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FY2025 · Filed Sep 29, 2025
BENF$0.70+3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income (Loss
| Year Ended March 31, | ||
|---|---|---|
| (Dollars in thousands, except per share amounts) | 2025 | 2024 |
| Revenues | ||
| Investment income (loss), net | $(6,500) | $4,791 |
| Loss on financial instruments, net (related party of $(552) and $(67,457)) | (2,242) | (104,521) |
| Interest and dividend income | 44 | 457 |
| Trust services and administration revenues (related party of $30 and $30) | 753 | 365 |
| Other income | 2 | 212 |
| Total revenues | (7,943) | (98,696) |
| Operating expenses | ||
| Employee compensation and benefits | 16,851 | 65,129 |
| Interest expense (related party of $12,294 and $8,618) | 14,908 | 17,559 |
| Professional services | 23,235 | 29,999 |
| Provision for credit losses | 1,000 | 6,016 |
| Loss on impairment of goodwill | 3,692 | 2,354,320 |
| Accrual (release) of loss contingency related to arbitration award | (54,973) | 54,973 |
| Other expenses, net (related party of $2,825 and $7,046) | 11,529 | 21,854 |
| Total operating expenses | 16,242 | 2,549,850 |
| Operating income (loss) | (24,185) | (2,648,546) |
| (Gain) loss on liability resolution | (23,462) | — |
| Loss on extinguishment of debt, net | — | 8,846 |
| Net income (loss) before income taxes | (723) | (2,657,392) |
| Income tax expense | 80 | 788 |
| Net income (loss) | (803) | (2,658,180) |
| Plus: Net loss attributable to noncontrolling interests - Customer ExAlt Trusts | 34,914 | 44,175 |
| Plus: Net loss attributable to noncontrolling interests - Ben | 34,875 | 535,157 |
| Less: Noncontrolling interest guaranteed payment | (17,824) | (16,793) |
| Net income (loss) attributable to Beneficient common shareholders | $51,162 | $(2,095,641) |
| Other comprehensive income (loss): | ||
| Unrealized (loss) gain on investments in available-for-sale debt securities | (278) | 4,070 |
| Total comprehensive income (loss) | 50,884 | (2,091,571) |
| Less: comprehensive (loss) gain attributable to noncontrolling interests | (278) | 4,070 |
| Total comprehensive income (loss) attributable to Beneficient | $51,162 | $(2,095,641) |
| Net income (loss) per common share | ||
| Class A - basic | $8.51 | $(673.31) |
| Class B - basic | $13.69 | $(584.23) |
| Net income (loss) per common share | ||
| Class A - diluted | $0.06 | $(673.31) |
| Class B - diluted | $0.06 | $(584.23) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.