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Beneficient BENF Ben Custody — Operating Income (Loss)

Other segment segments

Ben Liquidity
-$29.17M-922%

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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:OperatingIncomeLoss.

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 income (loss)?
Beneficient (BENF) reported ben custody — operating income (loss) of $1.99M in Q4 2025.
How has Beneficient's ben custody — operating income (loss) changed year-over-year?
Beneficient's ben custody — operating income (loss) decreased by 43.3% year-over-year, from $3.51M to $1.99M.
What is the long-term trend for Beneficient's ben custody — operating income (loss)?
Over 2 years (2023 to 2025), Beneficient's ben custody — operating income (loss) has grown at a -25.7% compound annual growth rate (CAGR), from $24.04M to $13.29M.
What does ben custody — operating income (loss) mean?
Measures the profitability of the custody segment by subtracting operating expenses from total segment revenues. It indicates the core operational efficiency and financial viability of the custody business unit independent of corporate-level financing or tax activities.