Beneficient BENF Business Segments
| Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Ben Custody | $2.94M-5.0% | $3.1M-26.2% | $4.2M-22.2% | $5.4M-0.2% | $5.41M+0.2% | |
| Ben Liquidity | $8.2M-3.5% | $8.5M-3.8% | $8.84M+4.3% | $8.48M-25.0% | $11.3M-5.8% | |
| Trust Services And Administrative Revenues, Intersegment Eliminations by Business | ||||||
| Ben Custody | $2.76M-5.1% | $2.9M-27.3% | $4M-23.3% | $5.21M-0.3% | $5.22M+0.4% | |
| Ben Liquidity | $0— | $0— | $0— | $0— | $0— | |
| Total Assets by Business | ||||||
| Ben Custody | $29.7M+3.1% | $28.8M+0.3% | $28.71M+7.1% | $26.81M-6.8% | $28.76M-2.1% | |
| Ben Liquidity | $188.54M-16.0% | $224.45M-3.8% | $233.32M-4.7% | $244.93M-6.4% | $261.78M-0.2% | |
| Investment income (loss), net by Business | ||||||
| Ben Custody | $0— | $0— | $0— | $0— | $0— | |
| Ben Liquidity | $0— | $0— | $0— | $0— | $0— | |
| Operating Income (Loss) by Business | ||||||
| Ben Custody | $1.99M-13.2% | $2.29M-26.7% | $3.13M-24.9% | $4.17M+18.8% | $3.51M-19.0% | |
| Ben Liquidity | -$29.17M-3,453% | -$821K+86.4% | -$6.02M+51.3% | -$12.34M-333% | -$2.85M-198% | |
| Trust services and administration revenues (related party of $8, $8, $23 and $23, respectively) by Business | ||||||
| Ben Custody | $188K+5.6% | $178K-5.3% | $188K-0.5% | $189K+0.5% | $188K+0.5% | |
| Ben Liquidity | $0— | $0— | $0— | $0— | $0— | |
| Interest Income by Business | ||||||
| Ben Custody | $0— | $0— | $0— | $0— | $0— | |
| Ben Liquidity | $8.19M-3.6% | $8.5M-3.8% | $8.84M+4.4% | $8.46M-25.1% | $11.3M-5.7% | |
| Gain (loss) on financial instruments, net (related party of nil, $(8), $(5) and $(546), respectively) by Business | ||||||
| Ben Custody | $0— | $0— | $0— | $0— | $0— | |
| Ben Liquidity | $0— | $0— | $0— | $0— | $0— | |
| Goodwill and intangible assets, net by Business | ||||||
| Ben Custody | $7.47M0.0% | $7.47M0.0% | $7.47M0.0% | $7.47M0.0% | $7.47M0.0% | |
| Ben Liquidity | $0— | $0— | $0— | $0— | $0— | |
| Interest and dividend income by Business | ||||||
| Ben Custody | $0— | —— | $0— | —— | $0— | |
| Ben Liquidity | $0— | —— | $2K— | —— | $0— | |
| Operating Expenses by Business | ||||||
| Ben Custody | $955K+21.0% | $789K-25.2% | $1.06M-14.3% | $1.23M-35.3% | $1.9M+80.0% | |
| Ben Liquidity | $37.36M+301% | $9.32M-37.3% | $14.85M-28.6% | $20.8M+47.0% | $14.15M+56.0% | |
| Other expenses (related party of $714, $723, $2,142 and $2,111, respectively) by Business | ||||||
| Ben Custody | $180K-0.6% | $181K-9.0% | $199K-7.0% | $214K+13.2% | $189K+1.1% | |
| Ben Liquidity | $221K+5.7% | $209K-12.6% | $239K-33.1% | $357K-1.1% | $361K-10.2% | |
| Other expenses by Business | ||||||
| Ben Custody | $0— | $0— | $0— | $0— | $0— | |
| Ben Liquidity | $0— | $0— | $0— | $0— | $0— | |
| Loans to Customer ExAlt Trusts, net by Business | ||||||
| Ben Custody | $0— | $0— | $0— | $0— | $0— | |
| Ben Liquidity | $187.48M-16.0% | $223.13M-3.3% | $230.67M-5.5% | $244.07M-6.4% | $260.64M0.0% | |
| Interest expense (related party of $4,016, $3,140, $10,473 and $9,330, respectively) by Business | ||||||
| Ben Custody | $0— | $0— | $0— | $0— | $0— | |
| Ben Liquidity | $4.05M+27.6% | $3.17M-5.3% | $3.35M+11.8% | $2.99M-5.5% | $3.17M+0.2% | |
| Goodwill by Business | ||||||
| Ben Custody | $7.47M0.0% | $7.47M0.0% | $7.47M0.0% | $7.47M0.0% | $7.47M0.0% | |
| Ben Insurance | $0— | $0— | $0— | $0— | $0— | |
| Ben Liquidity | $0— | $0— | $0— | $0— | $0— | |
| Ben Markets | $2.45M0.0% | $2.45M0.0% | $2.45M0.0% | $2.45M0.0% | $2.45M0.0% | |
| Other assets by Business | ||||||
| Ben Custody | $22.23M+4.2% | $21.33M+0.4% | $21.24M+9.8% | $19.34M-9.2% | $21.29M-2.8% | |
| Ben Liquidity | $1.06M-19.6% | $1.32M-50.3% | $2.65M+209% | $859K-24.9% | $1.14M-28.9% | |
| Financial Instruments, Owned, at Fair Value by Business | ||||||
| Ben Custody | $0— | $0— | $0— | $0— | $0— | |
| Ben Liquidity | $0— | $0— | $0— | $0— | $0— | |
| Loss on impairment of goodwill by Business | ||||||
| Ben Custody | $0— | $0— | $0— | —— | —— | |
| Ben Insurance | $0— | $0— | $0— | —— | $0— | |
| Ben Liquidity | $0— | $0— | $0— | $0— | $0— | |
| Ben Markets | $0— | $0— | $0— | —— | —— | |
| Employee compensation and benefits by Business | ||||||
| Ben Custody | $650K+30.3% | $499K-22.9% | $647K+59.8% | $405K+37.8% | $294K-45.8% | |
| Ben Liquidity | $464K+87.1% | $248K-35.4% | $384K+31.5% | $292K-17.3% | $353K-2.2% | |
| Professional services by Business | ||||||
| Ben Custody | $125K+14.7% | $109K-47.8% | $209K+44.1% | $145K+81.3% | $80K+167% | |
| Ben Liquidity | $258K+31.6% | $196K-68.1% | $614K+315% | $148K+114% | $69K-82.5% | |
| Accrual (release) of loss contingency related to arbitration award by Business | ||||||
| Ben Custody | $0— | $0— | $0— | —— | $0— | |
| Ben Liquidity | $0— | $0— | $0— | —— | $0— | |
| Provision for Credit Losses by Business | ||||||
| Ben Custody | $0— | $0— | $0-100% | $467K-65.1% | $1.34M— | |
| Ben Liquidity | $32.37M+489% | $5.5M-46.5% | $10.27M-39.7% | $17.02M+66.9% | $10.2M+115% | |
| Percent of Total by Geography | ||||||
| Africa | -0.1%— | —— | 0.1%+0.2pp | -0.1%— | —— | |
| South America | 6.6%+3.9pp | 2.7%-25.2pp | 27.9%+25.4pp | 2.5%— | —— | |
| Alternative Investment by Geography | ||||||
| Africa | $73K-35.4% | $113K-11.7% | $128K+14.3% | $112K-70.5% | $380K-44.0% | |
| Asia | $30.8M-23.4% | $40.19M+1.4% | $39.64M-5.5% | $41.95M-5.9% | $44.57M-3.8% | |
| Europe | $7.45M-51.0% | $15.21M-9.0% | $16.71M-1.8% | $17.02M-52.4% | $35.73M+1.1% | |
| North America | $70.43M-22.7% | $91.09M-17.5% | $110.45M-18.2% | $135.07M-11.3% | $152.27M+0.9% | |
| South America | $64.48M-0.4% | $64.72M+0.1% | $64.66M-0.5% | $64.97M-4.6% | $68.1M-0.1% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Beneficient break its business down?
- Beneficient (BENF) reports total revenues by business across 2 parts — Ben Custody and Ben Liquidity. Each is extracted from the segment footnotes and tracked over time.
- Where does Beneficient's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Beneficient's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
