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Beneficient (BENF) Q3 FY25 earnings results (third quarter fiscal 2025)

10-Q filed Feb 14, 2025

Beneficient (BENF) reported revenue of $4.4M for the third quarter fiscal 2025 (Q3 FY25) and -48% from the quarter before. Operating margin was -215.3%, net loss $10.2M (231.4% of revenue).

Revenue$4.4M
Year over year—
Quarter over quarter-48%
Operating margin-215.3%
Net earnings−$10.2M

Beneficient, Q3 FY25: revenue $4.4M, operating margin -215.3%, net loss $10.2M, operating cash flow −$10.0M. The chart follows the revenue to costs, profit and cash.

Q3 FY25AmountQ/QY/Y
Revenue$4.4M-48%—
Operating profit−$9.5M——
Net earnings−$10.2M——
Operating cash flow−$10.0M——

What changed

Revenue was $4.4M in Q3 FY25, down 48% from the previous quarter.

Operating costs exceeded revenue by $9.5M, an operating margin of -215.3%. The quarter ended with a net loss of $10.2M, after a profit of $9.7M the previous quarter. Minority interests bore $1.6M of it: to shareholders the quarter was a loss of $8.6M.

Operating cash flow was −$10.0M. Non-cash charges added back $447K of depreciation and amortization and $804K of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $42K exceeded it, leaving free cash flow of −$10.0M.

Questions

What was Beneficient's revenue in the third quarter fiscal 2025?

Beneficient (BENF) reported revenue of $4.4M for the third quarter fiscal 2025 (Q3 FY25) and -48% from the quarter before.

Was Beneficient profitable in the third quarter fiscal 2025?

Operating loss was $9.5M (-215.3% of revenue) and net loss $10.2M.

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Source: Beneficient 10-Q on SEC EDGAR.