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Beneficient

BENF

Beneficient is a financial services holding company that provides liquidity solutions and fiduciary services to holders of alternative assets.

Market cap
$52.74M+2,018%
Revenue-$27.7M-38.9%
Net income-$143.4M+4.5%
Free cash flow-$43.4M-10.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 19, 2026 (in a month)
Revenue estimate$13.4M
EPS estimate-$2.12

Financials

Q3 2026

Income statement

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Revenue$18.7M+322%
Operating income$3.9M+141%
Net income$19.9M+331%

Balance sheet

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Cash & equivalents$7.9M+87.3%
Total debt$100.3M-16.6%
Total equity-$128.6M-1,002%
Total assets$337.9M-15.5%

Cash flow

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Operating cash flow-$9.4M+6.3%
Free cash flow-$9.4M+6.7%

Valuation & ratios

Valuation

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Market cap$52.86M+2,018%
Enterprise value$145.33M+40.6%

Profitability

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Operating margin548.5%-323pp
Net margin517.9%-235pp
FCF margin156.8%-40.4pp

Segments

By segment

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Ben Liquidity$8.2M-27.4%
Ben Custody$2.9M-45.6%

Competitors

Profile

Beneficient is a financial services holding company that provides liquidity solutions and fiduciary services to holders of alternative assets. The company operates through a specialized trust company structure to facilitate transactions for investors seeking to exit illiquid private equity, venture capital, and other alternative investments. Its core value proposition lies in democratizing access to liquidity for mid-to-high net worth individuals and small-to-mid-sized institutions.

Competitive position

Beneficient occupies a niche as a regulated Kansas trust company providing secondary market liquidity for alternative assets, positioning itself between traditional banks and private equity secondary funds.

GeographiesUnited States
Customer segmentsAccredited Investors, Institutional Investors, Family Offices
Business modelHolding Company, Transaction-based, Asset-backed Finance
SuppliersCapital Markets, Alternative Asset Valuations, Regulatory Charters
CustomersIndividual Alternative Asset Holders, Endowments, Foundations, Private Wealth Managers
Listed2023
Employees80.0
CEOJames G. Silk
FilingsSEC EDGAR

Questions, answered.

What is Beneficient's market cap?
Beneficient (BENF) has a market capitalization of $52.7M and trades on NASDAQ.
What is Beneficient's revenue and profitability?
Beneficient generated -$27.7M in trailing twelve-month revenue with a net loss of $143.4M, representing a net margin of 517.9%, with free cash flow of -$43.4M. These figures are based on the Q4 2025 filing.
Who are Beneficient's competitors?
Beneficient's key competitors include Blackstone, StepStone Group, Hamilton Lane, and others. These companies compete in similar markets and product categories.
Who does Beneficient partner with?
Beneficient's notable partners include State of Kansas.
What subsidiaries does Beneficient have?
Beneficient's subsidiaries include Beneficient Fiduciary Financial, Beneficient Company Holdings, Ben LLC, and others.
Where is Beneficient headquartered?
Beneficient is headquartered in United States of America and employs approximately 80 people. It has been publicly traded since 2023.