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Beneficient BENF Total Operating Expenses

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Segments

By segment

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Ben Liquidity$37.36M+164%
Ben Custody$955K-49.8%

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 us-gaap:OperatingExpenses.

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 total operating expenses?
Beneficient (BENF) reported total operating expenses of $14.73M in Q4 2025.
How has Beneficient's total operating expenses changed year-over-year?
Beneficient's total operating expenses increased by 5.7% year-over-year, from $13.93M to $14.73M.
What is the long-term trend for Beneficient's total operating expenses?
Over 2 years (2023 to 2025), Beneficient's total operating expenses has grown at a -66.9% compound annual growth rate (CAGR), from $148.27M to $16.24M.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.