Beneficient
For the period ended Jun 30, 2025. Filed Oct 20, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Oct 20, 2025
BENF$0.70+3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Income (Loss)
| Three Months Ended June 30, | ||
|---|---|---|
| (Dollars in thousands, except per share amounts) | 2025 | 2024 |
| Revenues | ||
| Investment income (loss), net | $(12,776) | $11,028 |
| Gain (loss) on financial instruments, net (related party of $(1) and $(365)) | (45) | (1,183) |
| Interest and dividend income | 10 | 12 |
| Trust services and administration revenues (related party of $8 and $8) | 188 | 189 |
| Total revenues | (12,623) | 10,046 |
| Operating expenses | ||
| Employee compensation and benefits | 3,331 | 3,850 |
| Interest expense (related party of $3,317 and $3,054) | 3,415 | 4,288 |
| Professional services | 7,957 | 5,544 |
| Provision for credit losses | — | 524 |
| Loss on impairment of goodwill | — | 3,394 |
| Accrual (release) of loss contingency related to arbitration award | 62,831 | (54,973) |
| Other expenses (related party of $628 and $694) | 2,491 | 3,081 |
| Total operating expenses | 80,025 | (34,292) |
| Net income (loss) before income taxes | (92,648) | 44,338 |
| Income tax expense | — | 28 |
| Net income (loss) | (92,648) | 44,310 |
| Plus: Net loss attributable to noncontrolling interests - Customer ExAlt Trusts | 16,212 | 526 |
| Plus: Net loss attributable to noncontrolling interests - Ben | 15,984 | 7,187 |
| Less: Noncontrolling interest guaranteed payment | (4,624) | (4,356) |
| Net income (loss) attributable to Beneficient common shareholders | $(65,076) | $47,667 |
| Other comprehensive income (loss): | ||
| Unrealized (loss) gain on investments in available-for-sale debt securities | — | (21) |
| Total comprehensive income (loss) | (65,076) | 47,646 |
| Less: Comprehensive (loss) gain attributable to noncontrolling interests | — | (21) |
| Total comprehensive income (loss) attributable to Beneficient | $(65,076) | $47,667 |
| Net income (loss) per common share | ||
| Class A - basic | $(7.19) | $12.11 |
| Class B - basic | $(7.19) | $12.11 |
| Net income (loss) per common share | ||
| Class A - diluted | $(7.19) | $0.17 |
| Class B - diluted | $(7.19) | $0.17 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.