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-28.1% | $18.11M-18.5% | $20.41M-12.5% | $21.61M-11.9% | $21.74M-15.6% | |
| Ben Liquidity | $34.01M-24.1% | $37.11M-17.1% | $40.61M-11.4% | $42.63M-9.3% | $44.79M-9.0% | |
| Trust Services And Administrative Revenues, Intersegment Eliminations by Business | ||||||
| Ben Custody | $14.86M-29.2% | $17.33M-19.5% | $19.62M-13.9% | $20.82M-13.9% | $21M-19.4% | |
| Ben Liquidity | $0— | $0— | $0— | $0— | $0— | |
| Total Assets by Business | ||||||
| Ben Custody | $114.02M-4.3% | $113.07M-36.3% | $113.65M-77.8% | $114.6M-87.7% | $119.08M-92.3% | |
| Ben Liquidity | $891.23M-14.7% | $964.48M-11.0% | $1B-41.9% | $1.03B-60.5% | $1.04B-76.5% | |
| 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+128% | $13.09M+104% | $15.13M+104% | $13.29M+102% | -$40.85M+92.3% | |
| Ben Liquidity | -$48.34M-61.7% | -$22.03M+96.5% | -$18.3M+98.0% | -$12.8M+99.3% | -$29.91M+98.3% | |
| Trust services and administration revenues (related party of $8, $8, $23 and $23, respectively) by Business | ||||||
| Ben Custody | $743K-1.7% | $743K+2.3% | $752K+37.5% | $753K+106% | $756K— | |
| Ben Liquidity | $0— | $0— | $0— | $0— | $0— | |
| Interest Income by Business | ||||||
| Ben Custody | $0— | $0— | $0— | $0— | $0— | |
| Ben Liquidity | $33.98M-24.1% | $37.09M-17.1% | $40.57M-11.4% | $42.58M-9.3% | $44.77M-8.7% | |
| 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 | $29.88M-11.1% | $29.88M-54.6% | $29.88M-91.9% | $30.17M-96.0% | $33.6M-97.5% | |
| Ben Liquidity | $0— | $0— | $0-100% | $0-100% | $0-100% | |
| Operating Expenses by Business | ||||||
| Ben Custody | $4.03M-93.6% | $4.98M-98.5% | $5.25M-98.8% | $8.29M-98.6% | $62.6M-88.8% | |
| Ben Liquidity | $82.33M+10.2% | $59.12M-91.3% | $58.87M-93.8% | $55.39M-97.0% | $74.67M-96.0% | |
| Other expenses (related party of $714, $723, $2,142 and $2,111, respectively) by Business | ||||||
| Ben Custody | $774K-8.7% | $783K-18.4% | $789K-21.4% | $804K-19.4% | $848K-10.4% | |
| Ben Liquidity | $1.03M-36.7% | $1.17M-32.4% | $1.36M-26.7% | $1.57M-23.7% | $1.62M-26.4% | |
| 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-14.3% | $958.51M-9.9% | $996.06M-9.0% | $1.02B-10.6% | $1.03B-17.6% | |
| 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+11.0% | $12.68M+4.8% | $12.67M+14.7% | $12.41M+42.2% | $12.21M— | |
| Goodwill by Business | ||||||
| Ben Custody | $29.88M-11.1% | $29.88M-54.6% | $29.88M-91.9% | $30.17M-96.0% | $33.6M-97.5% | |
| Ben Insurance | $0— | $0-100% | $0-100% | $0-100% | $0-100% | |
| Ben Liquidity | $0— | $0— | $0-100% | $0-100% | $0-100% | |
| Ben Markets | $9.78M-2.6% | $9.78M-44.1% | $9.78M-60.8% | $9.78M-69.8% | $10.05M-74.6% | |
| Other assets by Business | ||||||
| Ben Custody | $84.14M-1.6% | $83.2M-25.6% | $83.78M-40.6% | $84.42M-50.0% | $85.48M-56.3% | |
| Ben Liquidity | $5.89M-45.9% | $5.97M-70.4% | $6.26M-75.4% | $5.92M-79.9% | $10.88M-67.1% | |
| 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— | $0-100% | $0-100% | $0-100% | $0— | |
| Employee compensation and benefits by Business | ||||||
| Ben Custody | $2.2M+22.6% | $1.85M-11.7% | $1.89M-9.8% | $1.6M-30.5% | $1.8M-20.7% | |
| Ben Liquidity | $1.39M-35.0% | $1.28M-53.1% | $1.39M-63.8% | $1.44M-75.7% | $2.14M-70.5% | |
| Professional services by Business | ||||||
| Ben Custody | $588K-36.8% | $543K-47.0% | $464K-57.2% | $651K-45.2% | $931K-8.7% | |
| Ben Liquidity | $1.22M-21.2% | $1.03M-47.7% | $1.23M-33.2% | $1.09M-45.5% | $1.54M-24.1% | |
| Provision for Credit Losses by Business | ||||||
| Ben Custody | $467K-98.3% | $1.81M-92.9% | $1.81M-92.9% | $1.81M-92.9% | $26.88M— | |
| Ben Liquidity | $65.16M+13.9% | $42.99M-22.0% | $42.24M-61.9% | $38.9M-65.7% | $57.2M-45.8% | |
| Percent of Total by Geography | ||||||
| South America | 39.7%— | —— | —— | —— | —— | |
| Alternative Investment by Geography | ||||||
| Africa | $426K-84.1% | $733K-78.5% | $1.3M-70.1% | $1.87M-71.5% | $2.67M-71.1% | |
| Asia | $152.58M-16.9% | $166.35M-14.8% | $172.5M-16.1% | $176.13M-20.2% | $183.56M-21.3% | |
| Europe | $56.39M-60.2% | $84.67M-39.9% | $104.8M-26.3% | $122.78M-16.2% | $141.63M-5.3% | |
| North America | $407.04M-34.2% | $488.88M-22.7% | $548.66M-22.2% | $589.15M-25.2% | $618.29M-28.4% | |
| South America | $258.83M+4.3% | $262.45M+17.3% | $265.9M+32.8% | $269.52M+55.6% | $248.1M+45.0% |
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.
