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Beneficient BENF Percent of underlying investments in private companies

Percent of underlying investments in private companies at other companies

Hercules Capital logo
Hercules CapitalHTGC
49.2%-12.1pp
Capital Southwest logo
Capital SouthwestCSWC
96.3%+1.5pp
BancFirst Corporation logo
BancFirst CorporationBANF
50%0.0pp
Hercules Capital logo
Hercules CapitalHTGC
97.8%+0.4pp
Lincoln National logo
Lincoln NationalLNC
3%0.0pp
T-Mobile US logo
T-Mobile USTMUS
76%+14.0pp

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 ben:AlternativeInvestmentsPercentOfUnderlyingInvestmentsInPrivateCompanies.

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 percent of underlying investments in private companies?
Beneficient (BENF) reported percent of underlying investments in private companies of 91% in Q4 2025.
How has Beneficient's percent of underlying investments in private companies changed year-over-year?
Beneficient's percent of underlying investments in private companies decreased by 2.2% year-over-year, from 93% to 91%.
What is the long-term trend for Beneficient's percent of underlying investments in private companies?
Over 2 years (2023 to 2025), Beneficient's percent of underlying investments in private companies has grown at a 0.0% compound annual growth rate (CAGR), from 91% to 91%.
What does percent of underlying investments in private companies mean?
The proportion of the total alternative investment portfolio that is comprised of private company equity or debt holdings. This metric highlights the firm's exposure to illiquid, non-public markets and the associated risk profile of its underlying assets.