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Beneficient BENF Ben Custody — Operating Expenses

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$37.36M+164%

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Other financials

Income statement

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Revenue$18.7M+322%
Operating income$3.9M+141%
Net income$19.9M+331%
EPS (diluted)-$0.49+26.5%

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%
CapEx$96.0K-85.5%
Free cash flow-$9.4M+6.7%

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

Returns & leverage

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Return on equity-1,647.1%-2,080pp
Debt / equity8.4×-23.8×

Where this comes from

Reported directly by Beneficient in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The official record: Beneficient’s 10-Q, filed February 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Beneficient's ben custody — operating expenses?
Beneficient (BENF) reported ben custody — operating expenses of $955K in Q4 2025.
How has Beneficient's ben custody — operating expenses changed year-over-year?
Beneficient's ben custody — operating expenses decreased by 49.8% year-over-year, from $1.9M to $955K.
What is the long-term trend for Beneficient's ben custody — operating expenses?
Over 2 years (2023 to 2025), Beneficient's ben custody — operating expenses has grown at a 28.7% compound annual growth rate (CAGR), from $5M to $8.29M.
What does ben custody — operating expenses mean?
The total cost incurred to generate revenue within the Ben Custody segment, including compensation, professional services, and other administrative overhead. This metric is fundamental for calculating the segment's operating margin and overall cost structure.