Beneficient (BENF) Q4 2026 earnings summary
Event summary combining transcript, slides, and related documents.
Q4 2026 earnings summary
29 Jun, 2026Executive summary
Fiscal 2026 focused on resolving legacy issues, regaining Nasdaq compliance, and strengthening the business foundation.
Cleared major litigation hurdles, including GWG Holdings, and completed a leadership transition.
Expanded business lines with new fiduciary financings and launched collateral management services.
Financial highlights
Investments at fair value declined to $195.5M as of March 31, 2026, from $291.4M a year earlier.
GAAP revenues for fiscal 2026 were $(39.1)M, down from $(7.9)M in 2025; adjusted revenues were $(48.6)M, down from $(7.4)M.
GAAP operating loss for fiscal 2026 was $(166.5)M, compared to $(24.2)M in 2025; adjusted operating loss was $(94.0)M, compared to $(61.6)M.
Net loss attributable to common shareholders was $(87.4)M for fiscal 2026, versus net income of $51.2M in 2025.
Cash and cash equivalents stood at $2.5M, with debt of $96.8M as of March 31, 2026.
Outlook and guidance
Focus on expanding the Primary Commitment Program, growing collateral management services, and commercializing AI technology.
Management believes the company is positioned to pursue broader opportunities and create long-term value.
Latest events from Beneficient
- $8.75M capital deal adds $9.77M in value, pending shareholder approval for stock conversion.BENF
Proxy filing10 Apr 2026 - Shareholders will vote on director elections, auditor ratification, and an expanded incentive plan.BENF
Proxy Filing13 Mar 2026 - Net income of $19.9M and Nasdaq compliance achieved, but legal and liquidity risks remain.BENF
Q3 202617 Feb 2026 - Achieved first profitable quarter and leads with a fintech platform for alternative asset liquidity.BENF
Sidoti Micro-Cap Virtual Conference2 Feb 2026 - First profitable quarter, revenue up, costs down 70%, and legal risks resolved.BENF
Q1 20252 Feb 2026 - Second consecutive profitable quarter, improved equity, but liquidity and legal risks persist.BENF
Q2 202514 Jan 2026 - Nine-month EPS up, Q3 loss narrows, equity improves, digital asset expansion planned.BENF
Q3 202524 Dec 2025 - Earnings rose, digital platforms expanded, and new custody services are set to launch.BENF
Emerging Growth Conference 7924 Dec 2025 - Institutional investors receive convertible preferred shares in a trust-based fund commitment structure.BENF
Registration Filing23 Dec 2025