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Beneficient (BENF) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Aug 14, 2026 · Beneficient (BENF) Q1 FY27 earnings results →

Q1 FY27 3¢ of every $1 of revenue lost · operating margin -3.1%

Beneficient made $12.2M in Q1 FY27. Operating margin -3.1%, net loss $377K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.

Revenue$12.2M
Year over year—
Operating margin-3.1%
Net earnings−$377K
Operating cash flow−$4.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $12.2M in Q1 FY27.

Operating costs exceeded revenue by $377K, an operating margin of -3.1%. The quarter ended with a net loss of $377K.

Operating cash flow was −$4.1M. Non-cash charges added back $125K of depreciation and amortization and $185K of share-based compensation. Working capital and other items used $4.0M.

Quarterly history

Beneficient revenue by quarterBeneficient revenue by quarter$4.4MQ3 FY25$18.7MQ3 FY26$12.2MQ1 FY27
Beneficient net earnings by quarterBeneficient net earnings by quarter−$10.2MQ3 FY25$19.9MQ3 FY26−$377KQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QAug 14, 2026$12.2M—-3.1%−$377K−$4.1M
Q3 FY2610-QFeb 17, 2026$18.7M+322%21.1%$19.9M−$9.4M
Q3 FY2510-QFeb 14, 2025$4.4M—-215.3%−$10.2M−$10.0M

Charts

Beneficient: where the cash came from (+) and went (−), TTM to Q1 FY27Beneficient: where the cash came from (+) and went (−), TTM to Q1 FY27Other investing$41.7MOperating cash flow−$32.0MOther financing−$12.4MCash drawn (+) / kept (−)$2.0MShares issued$668K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Beneficient: profit against cash, quarter by quarterBeneficient: profit against cash, quarter by quarterNet incomeOperating cash flow$9.7M−$8.6MQ2 FY25−$10.2M−$10.0MQ3 FY25−$44.6M−$8.4MQ4 FY25−$92.6M−$10.8MQ1 FY26−$17.9M−$14.5MQ2 FY26$5.9M−$9.4MQ3 FY26−$60.1M−$4.0MQ4 FY26−$377K−$4.1MQ1 FY27
Latest (Q1 FY27): Net income −$377K, Operating cash flow −$4.1M.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Beneficient

We are a technology-enabled financial services company that provides simple, rapid, and cost-effective liquidity solutions and related trustee, custody and trust administrative services to participants in the alternative asset industry. Through our business line operating subsidiaries (each a “Ben Business Unit” and collectively, the “Ben Business Units”), Ben Liquidity, Ben Custody, and Ben Markets, we seek to provide solutions in the alternative asset investment market for individual and institutional investors, general partners and sponsors (“GPs”) and the alternative asset funds they manage (“Customers”). Following receipt of regulatory approval, our Ben Business Units are expected to include an additional business line, Ben Insurance Services.

In its own words, from its 10-K, filed Jun 30, 2026.

Beneficient against its Finance Services peers

The largest companies of the same SEC industry, each at its latest quarter. Operating margin: -3.1% against the peers' median 5.1%.

CompanyQuarterRevenueY/YOp. margin
BENF BeneficientQ1 FY27$12.2M—-3.1%
AXP American ExpressQ3 2026$20.1B+9%22.6%
BTGO Bitgo HoldingsQ2 FY27$4.3B+80%-0.4%
General Motors Financial CompanyQ3 2026$4.3B-0.6%15.3%
SOFI SoFi TechnologiesQ3 2026$1.4B+44%22.9%
COIN Coinbase GlobalQ3 2026$1.2B-35%5.1%
CRCL Circle Internet GroupQ3 2026$865M+17%24.1%
CHYM Chime FinancialQ3 2026$718M+32%4.8%
GDOT Green DOTQ2 2026$596M+18%-0.1%

Source: Beneficient 10-Q on SEC EDGAR · CIK 1775734 · Finance Services

13F: who owns BENF and who is buying

Largest holders of BENF (13F)Largest holders of BENF (13F)Vanguard Group$1.7MGeode Capital Management, LLC$569KVanguard Capital Management LLC$565KRIA Advisory Group LLC$333KVanguard Fiduciary Trust$265KState Street$244KBlackRock$182KMorgan Stanley$166KNorthern Trust$116KAusdal Financial Partners$51K
Funds' net buying of BENF by quarter (13F)Funds' net buying of BENF by quarter (13F)$3.7M2025-12−$881K2026-03$147K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on BENF

History

Every quarter: Q1 FY27 results · Q3 FY26 results · Q3 FY25 results

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