Beneficient (BENF) Income Statement
BENF FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsBENF revenue and net income
BENF profit margins
BENF growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | −270.9% | — | — | — |
| EPS (diluted) | −138.7% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BENF quarterly EPS vs estimates
Beneficient beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 13, 2026 (estimate $-0.09).
BENF income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $47.9M | $102.0M | $60.3M | $79.5M | $40.4M |
| Cost of revenue | $1.5M | $16.9M | $65.1M | $45.5M | $48.5M | $20.8M | $0 | $3.7M | $7.5M |
| Gross profit | −$859,000 | −$24.8M | −$164.0M | −$150.5M | −$612,000 | $81.2M | $60.3M | $75.8M | $32.9M |
| Research & development | — | — | $456 | $479 | — | — | $1.2M | — | — |
| Sales, general & admin | $32.9M | $23.2M | $107.5M | $47.5M | $20.5M | $128.9M | $186.9M | $30.1M | $7.4M |
| Total operating expenses | $78.9M | $16.2M | $2.48B | $102.7M | $50.4M | $98.1M | $197.2M | $220.0M | $186.6M |
| Operating income | −$79.8M | −$24.2M | −$2.65B | −$253.2M | −$71.1M | −$47.4M | −$135.4M | $41.4M | $24.7M |
| Interest income | — | — | — | $460,000 | $7.4M | $2.1M | — | — | — |
| Interest expense | $18.8M | $14.9M | $17.6M | $15.5M | $27.5M | $32.6M | — | — | — |
| Income before taxes | −$164.5M | −$723,000 | −$2.66B | −$253.2M | −$105.1M | −$47.4M | −$167.1M | −$165.6M | −$157.9M |
| Income taxes | $214,000 | $80,000 | $788,000 | −$1.1M | $17.3M | $3.5M | $179,000 | $3.6M | −$148.9M |
| Net income | −$87.4M | $51.2M | −$2.10B | −$131.0M | −$95.0M | −$58.0M | −$334.0M | −$5.0M | −$9.0M |
| EBITDA | −$145.0M | −$35.4M | −$2.64B | −$234.1M | −$41.7M | −$13.8M | −$135.0M | $41.7M | $27.8M |
| EPS (diluted) | −$5.37 | $13.89 | −$5852.00 | $0.19 | $0.29 | −$75.61 | −$583.38 | — | −$0.20 |
| Gross margin | — | — | — | — | −1.3% | 79.6% | 100.0% | 95.4% | 81.4% |
| Operating margin | — | — | — | — | −148.4% | −46.5% | −224.5% | 52.1% | 61.2% |
| Net margin | — | — | — | — | −198.3% | −56.9% | −554.0% | −6.3% | −22.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.2M | $49,000 | $198,000 | $0 | $0 | $0 | $4.4M | $8.6M | $10.0M | $0 | $0 | $0 |
| Cost of revenue | $2.8M | $442,000 | $7.0M | $7.8M | $2.9M | $2.9M | $2.9M | $7.1M | $3.9M | $6.6M | $7.3M | $15.4M |
| Gross profit | $9.3M | −$393,000 | $11.7M | −$2.8M | −$31.0M | −$33.9M | $4.4M | $1.4M | $6.2M | −$49.7M | −$17.6M | −$58.2M |
| Sales, general & admin | $4.2M | $739,000 | $4.7M | $7.8M | $7.3M | $6.2M | $8.0M | $8.1M | $6.8M | $9.4M | $6.3M | $7.8M |
| Total operating expenses | $12.5M | $51.8M | $14.7M | $15.1M | $11.4M | $11.3M | $13.9M | $15.1M | −$38.1M | $24.7M | $898.3M | $323.6M |
| Operating income | −$3.2M | −$52.2M | $11.8M | −$17.9M | −$45.3M | −$42.2M | −$9.5M | −$13.7M | $44.3M | −$67.8M | −$916.0M | −$381.8M |
| Interest income | — | — | — | — | — | — | — | — | — | — | — | $114,000 |
| Interest expense | $4.6M | $4.7M | $5.8M | $4.9M | $3.1M | $3.1M | $3.2M | $4.3M | $4.3M | $4.0M | $4.7M | $5.1M |
| Income before taxes | −$6.8M | −$59.9M | $5.9M | −$17.9M | −$45.3M | −$45.3M | −$9.5M | $9.7M | $44.3M | −$194.9M | −$924.8M | −$381.8M |
| Income taxes | — | $171,000 | −$14.0M | $43,000 | −$661,000 | — | $713,000 | — | $28,000 | — | $75,000 | −$4.9M |
| Net income | −$6.8M | −$38.6M | $19.9M | −$3.6M | −$780,000 | −$780,000 | −$8.6M | $12.9M | $47.7M | −$66.2M | −$542.2M | −$371.7M |
| EBITDA | $125,000 | −$55.0M | $11.9M | −$12.8M | −$41.8M | — | −$5.8M | $14.5M | $49.0M | — | −$919.0M | −$375.7M |
| EPS (diluted) | $0.29 | −$2.36 | $0.04 | −$2.96 | −$0.09 | −$0.72 | −$10.56 | $23.84 | $1.33 | −$148.05 | −$1266.08 | −$926.15 |
| Gross margin | 76.8% | −802.0% | 5,912.6% | — | — | — | 100.0% | 16.7% | 61.7% | — | — | — |
| Operating margin | −26.3% | −106,461.2% | 5,934.3% | — | — | — | −215.4% | −160.2% | 441.3% | — | — | — |
| Net margin | −55.8% | −78,844.9% | 10,057.1% | — | — | — | −195.6% | 150.8% | 474.5% | — | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BENF's financial statements (latest annual report filed June 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BENF financial results
Beneficient reported no revenue in fiscal year 2026 (ended March 31, 2026). It had a net loss of $87.4 million. Diluted earnings per share came to −$5.37.
See the BENF stock overview for the latest quote and news, or the BENF chart for price history and technical indicators.
BENF income statement FAQ
Does Beneficient have revenue?
Beneficient reported no revenue for fiscal year 2026, which ended on March 31, 2026.
Is Beneficient profitable?
No. Beneficient reported a net loss of $87.4 million in fiscal 2026.
What are Beneficient's earnings per share?
Beneficient earned $-5.37 per diluted share in fiscal 2026, compared with $13.89 a year earlier.
When will Beneficient report its next earnings?
Beneficient is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Beneficient's fiscal year end?
Beneficient's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on June 30, 2026.