Filing Flows › Beneficient (BENF) › Q3 FY26
Beneficient (BENF) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 17, 2026
Beneficient (BENF) reported revenue of $18.7M for the third quarter fiscal 2026 (Q3 FY26), +322% from a year earlier. Operating margin was 21.1%, net earnings $19.9M (106.7% of revenue).
Beneficient, Q3 FY26: revenue $18.7M (+322% year over year), operating margin 21.1%, net earnings $19.9M, operating cash flow −$9.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.7M | — | +322% |
| Operating profit | $3.9M | — | — |
| Net earnings | $19.9M | — | — |
| Operating cash flow | −$9.4M | — | — |
What changed
Revenue was $18.7M in Q3 FY26, up 322% year over year.
Operating profit was $3.9M, a 21.1% margin (up 236.4 points year over year). Total costs grew 6% against revenue growth of 322%. Net earnings were $19.9M ($5.9M including minority interests, which bore $14.0M of losses). The effective tax rate was 0.0%. Non-operating items added $2.0M, 34% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$9.4M. Non-cash charges added back $141K of depreciation and amortization and $367K of share-based compensation. Working capital and other items used $15.8M.
Questions
What was Beneficient's revenue in the third quarter fiscal 2026?
Beneficient (BENF) reported revenue of $18.7M for the third quarter fiscal 2026 (Q3 FY26), +322% from a year earlier.
Was Beneficient profitable in the third quarter fiscal 2026?
Operating profit was $3.9M (21.1% of revenue) and net earnings $19.9M.
Source: Beneficient 10-Q on SEC EDGAR.