Beneficient BENF Business Segments
| TTM Q3 '26 | TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Ben Custody | $15.64M-13.6% | $18.11M-11.3% | $20.41M-5.6% | $21.61M-0.6% | $21.74M-2.2% | |
| Ben Liquidity | $34.01M-8.4% | $37.11M-8.6% | $40.61M-4.7% | $42.63M-4.8% | $44.79M0.0% | |
| Trust Services And Administrative Revenues, Intersegment Eliminations by Business | ||||||
| Ben Custody | $14.86M-14.2% | $17.33M-11.7% | $19.62M-5.8% | $20.82M-0.8% | $21M-2.4% | |
| Ben Liquidity | $0— | $0— | $0— | $0— | $0— | |
| Total Assets by Business | ||||||
| Ben Custody | $114.02M+0.8% | $113.07M-0.5% | $113.65M-0.8% | $114.6M-3.8% | $119.08M-33.0% | |
| Ben Liquidity | $891.23M-7.6% | $964.48M-3.8% | $1B-2.4% | $1.03B-1.6% | $1.04B-3.6% | |
| 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 | $11.57M-11.6% | $13.09M-13.5% | $15.13M+13.9% | $13.29M+133% | -$40.85M+86.9% | |
| Ben Liquidity | -$48.34M-119% | -$22.03M-20.4% | -$18.3M-43.0% | -$12.8M+57.2% | -$29.91M+95.3% | |
| Trust services and administration revenues (related party of $8, $8, $23 and $23, respectively) by Business | ||||||
| Ben Custody | $743K0.0% | $743K-1.2% | $752K-0.1% | $753K-0.4% | $756K+4.1% | |
| Ben Liquidity | $0— | $0— | $0— | $0— | $0— | |
| Interest Income by Business | ||||||
| Ben Custody | $0— | $0— | $0— | $0— | $0— | |
| Ben Liquidity | $33.98M-8.4% | $37.09M-8.6% | $40.57M-4.7% | $42.58M-4.9% | $44.77M0.0% | |
| 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 | $29.88M0.0% | $29.88M0.0% | $29.88M-1.0% | $30.17M-10.2% | $33.6M-48.9% | |
| Ben Liquidity | $0— | $0— | $0— | $0— | $0— | |
| Operating Expenses by Business | ||||||
| Ben Custody | $4.03M-19.0% | $4.98M-5.1% | $5.25M-36.7% | $8.29M-86.8% | $62.6M-81.3% | |
| Ben Liquidity | $82.33M+39.3% | $59.12M+0.4% | $58.87M+6.3% | $55.39M-25.8% | $74.67M-89.0% | |
| Other expenses (related party of $714, $723, $2,142 and $2,111, respectively) by Business | ||||||
| Ben Custody | $774K-1.1% | $783K-0.8% | $789K-1.9% | $804K-5.2% | $848K-11.7% | |
| Ben Liquidity | $1.03M-12.0% | $1.17M-14.2% | $1.36M-13.5% | $1.57M-3.1% | $1.62M-5.9% | |
| 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 | $885.34M-7.6% | $958.51M-3.8% | $996.06M-2.5% | $1.02B-1.2% | $1.03B-2.8% | |
| 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 | $13.55M+6.9% | $12.68M0.0% | $12.67M+2.1% | $12.41M+1.6% | $12.21M+1.0% | |
| Goodwill by Business | ||||||
| Ben Custody | $29.88M0.0% | $29.88M0.0% | $29.88M-1.0% | $30.17M-10.2% | $33.6M-48.9% | |
| Ben Insurance | $0— | $0— | $0— | $0— | $0-100% | |
| Ben Liquidity | $0— | $0— | $0— | $0— | $0— | |
| Ben Markets | $9.78M0.0% | $9.78M0.0% | $9.78M0.0% | $9.78M-2.6% | $10.05M-42.6% | |
| Other assets by Business | ||||||
| Ben Custody | $84.14M+1.1% | $83.2M-0.7% | $83.78M-0.8% | $84.42M-1.2% | $85.48M-23.6% | |
| Ben Liquidity | $5.89M-1.4% | $5.97M-4.7% | $6.26M+5.8% | $5.92M-45.6% | $10.88M-46.1% | |
| 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 Liquidity | $0— | $0— | $0— | $0— | $0-100% | |
| Employee compensation and benefits by Business | ||||||
| Ben Custody | $2.2M+19.3% | $1.85M-2.3% | $1.89M+18.2% | $1.6M-11.1% | $1.8M-14.1% | |
| Ben Liquidity | $1.39M+8.7% | $1.28M-8.1% | $1.39M-3.2% | $1.44M-32.7% | $2.14M-21.5% | |
| Professional services by Business | ||||||
| Ben Custody | $588K+8.3% | $543K+17.0% | $464K-28.7% | $651K-30.1% | $931K-9.1% | |
| Ben Liquidity | $1.22M+18.4% | $1.03M-16.2% | $1.23M+12.9% | $1.09M-29.7% | $1.54M-21.4% | |
| Provision for Credit Losses by Business | ||||||
| Ben Custody | $467K-74.2% | $1.81M0.0% | $1.81M0.0% | $1.81M-93.3% | $26.88M+5.2% | |
| Ben Liquidity | $65.16M+51.6% | $42.99M+1.8% | $42.24M+8.6% | $38.9M-32.0% | $57.2M+3.9% | |
| Percent of Total by Geography | ||||||
| South America | 39.7%— | —— | —— | —— | —— | |
| Alternative Investment by Geography | ||||||
| Africa | $426K-41.9% | $733K-43.6% | $1.3M-30.6% | $1.87M-30.0% | $2.67M-21.7% | |
| Asia | $152.58M-8.3% | $166.35M-3.6% | $172.5M-2.1% | $176.13M-4.1% | $183.56M-5.9% | |
| Europe | $56.39M-33.4% | $84.67M-19.2% | $104.8M-14.6% | $122.78M-13.3% | $141.63M+0.5% | |
| North America | $407.04M-16.7% | $488.88M-10.9% | $548.66M-6.9% | $589.15M-4.7% | $618.29M-2.3% | |
| South America | $258.83M-1.4% | $262.45M-1.3% | $265.9M-1.3% | $269.52M+8.6% | $248.1M+10.9% |
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.
