What is Beneficient's 2028?

Beneficient (BENF) reported 2028 of $252K in Q4 2025.

How has Beneficient's 2028 changed year-over-year?

Beneficient's 2028 decreased by 71.4% year-over-year, from $882K to $252K.

What is the long-term trend for Beneficient's 2028?

Over 2 years (2023 to 2025), Beneficient's 2028 has grown at a -23.5% compound annual growth rate (CAGR), from $1.4M to $819K.

This represents the value of non-vested share-based compensation awards expected to be recognized as expense in the year 2028. It helps investors model future dilution and operating expenses related to equity incentive plans.

Beneficient BENF 2028

2028 at other companies

Ascent Industries Co.ACNT

$150K+200%

Ascent Industries Co.ACNT

$100K—

CaterpillarCAT

$209.1M+41.3%

Chicago Atlantic Real Estate FinanceREFI

$15.00-0.9%

M&T BankMTB

$53M+10.4%

Everspin TechnologiesMRAM

$595K—

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:ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmountYearTwo.

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 2028?: Beneficient (BENF) reported 2028 of $252K in Q4 2025.
How has Beneficient's 2028 changed year-over-year?: Beneficient's 2028 decreased by 71.4% year-over-year, from $882K to $252K.
What is the long-term trend for Beneficient's 2028?: Over 2 years (2023 to 2025), Beneficient's 2028 has grown at a -23.5% compound annual growth rate (CAGR), from $1.4M to $819K.
What does 2028 mean?: This represents the value of non-vested share-based compensation awards expected to be recognized as expense in the year 2028. It helps investors model future dilution and operating expenses related to equity incentive plans.