What is Beneficient's goodwill impairment?

Beneficient (BENF) reported goodwill impairment of $2.4B in Q1 2026.

What does goodwill impairment mean?

Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

Beneficient BENF Goodwill impairment

Goodwill impairment at other companies

StepStone Group Inc.STEP

$0—

Citizens Financial Services, Inc.CZFS

$0—

Segments

By segment

See full

Ben Custody$0—

Ben Insurance$0—

Ben Liquidity$0—

Ben Markets$0—

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

See full

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

See full

Operating cash flow-$9.4M+6.3%

CapEx$96.0K-85.5%

Free cash flow-$9.4M+6.7%

Valuation

See full

Market cap$52.86M+2,018%

Enterprise value$145.33M+40.6%

Profitability

See full

Operating margin548.5%-323pp

Net margin517.9%-235pp

FCF margin156.8%-40.4pp

Returns & leverage

See full

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:GoodwillImpairmentLoss.

The official record: Beneficient’s 10-Q, filed November 14, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Beneficient's goodwill impairment?: Beneficient (BENF) reported goodwill impairment of $2.4B in Q1 2026.
What does goodwill impairment mean?: Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.