Beneficient reported a fiscal 2026 net loss and a sharp revenue decline, driven by investment markdowns and realized-asset activity. The company recorded consolidated total revenue of $(39.1)M for FY 2026 compared with $(7.94)M in FY 2025, and net loss attributable to Beneficient common shareholders of $(87.4)M versus net income of $51.2M in the prior year. Diluted loss per share (Class A & B combined) was $(14.02) for FY 2026 compared with diluted EPS of $0.52 for FY 2025.
Financial Highlights
- Revenue: $(39.1)M for FY 2026 vs $(7.94)M for FY 2025 (decline driven by investment markdowns).
- Net income: Net loss attributable to Beneficient common shareholders $(87.4)M for FY 2026 vs net income $51.2M for FY 2025.
- Diluted EPS: Loss per diluted share (Class A & B combined) $(14.02) for FY 2026; diluted EPS was $0.52 for FY 2025.
Business Highlights
- Revenue mix and trends: Investment NAV volatility materially reduced consolidated revenue and shifted management focus to realizing asset sales to generate cash.
- Channel and product delivery: The AltAccess platform is being re-engineered; interim manual channels remain in use to serve liquidity, custody and trust clients.
- Operational milestone: Launched an Asset Sales Initiative and completed multiple beneficial-interest sales to unlock liquidity for operations.
- Service momentum: Continued delivery of liquidity, trustee, custody and trust administration services through Ben Liquidity and Ben Custody.
- Future expansion plans: The company intends to add Ben Insurance Services and broaden Ben Markets offerings pending regulatory approvals and platform relaunch.
Original SEC Filing:
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