Beneficient
For the period ended Mar 31, 2026. Filed Jun 30, 2026.
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FY2026 · Filed Jun 30, 2026
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) | 2026 | 2025 |
| Revenues | ||
| Investment income (loss), net | $(49,532) | $(6,500) |
| Gain (loss) on financial instruments, net (related party of $9,491 and $(552)) | 9,774 | (2,242) |
| Interest and dividend income | 40 | 44 |
| Trust services and administration revenues (related party of $30 and $30) | 593 | 753 |
| Other income | — | 2 |
| Total revenues | (39,125) | (7,943) |
| Operating expenses | ||
| Employee compensation and benefits | 11,845 | 16,851 |
| Interest expense (related party of $13,349 and $12,294) | 18,801 | 14,908 |
| Professional services | 21,054 | 23,235 |
| Provision for credit losses | 1,048 | 1,000 |
| Loss on impairment of goodwill and intangible assets | 3,100 | 3,692 |
| Accrual (release) of loss contingency related to arbitration award | 62,831 | (54,973) |
| Other expenses (related party of $2,856 and $2,825) | 8,708 | 11,529 |
| Total operating expenses | 127,387 | 16,242 |
| Operating income (loss) | (166,512) | (24,185) |
| (Gain) loss on liability resolution | (1,996) | (23,462) |
| Net income (loss) before income taxes | (164,516) | (723) |
| Income tax expense | 214 | 80 |
| Net income (loss) | (164,730) | (803) |
| Plus: Net loss attributable to noncontrolling interests - Customer ExAlt Trusts | 25,639 | 34,914 |
| Plus: Net loss attributable to noncontrolling interests - Ben | 70,583 | 34,875 |
| Less: Noncontrolling interest guaranteed payment | (18,918) | (17,824) |
| Net income (loss) attributable to Beneficient common shareholders | $(87,426) | $51,162 |
| Other comprehensive income (loss): | ||
| Unrealized gain (loss) on investments in available-for-sale debt securities | 54 | (278) |
| Total comprehensive income (loss) | (164,676) | (1,081) |
| Less: Comprehensive gain (loss) attributable to noncontrolling interests | (77,250) | (52,243) |
| Total comprehensive income (loss) attributable to Beneficient | $(87,426) | $51,162 |
| Net income (loss) per common share(1) | ||
| Class A - basic | $(14.02) | $68.08 |
| Class B - basic | $(14.02) | $109.54 |
| Net income (loss) per common share(1) | ||
| Class A - diluted | $(14.02) | $0.52 |
| Class B - diluted | $(14.02) | $0.52 |
(1) Periods presented have been adjusted to reflect the 1-for-8 reverse stock split on December 15, 2025. See Note 1 - Summary of Significant Accounting Policies - Reverse Stock Split, for additional information.
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