Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Beneficient files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2021
FY2023
FY2024
FY2025
FY2026
Revenue
140
55.3
-105
-98.7
-7.94
-39.1
Operating expenses
188
126
148
2,550
16.2
127
Operating income
-47.4
-71.1
-253
-2,649
-24.2
-167
Interest expense
32.6
27.5
15.5
17.6
Pre-tax income
-47.4
-105
-253
-2,657
-0.72
-165
Income tax
3.46
0
-1.07
0.79
0.08
0.21
Net income to minority interests
7.17
-43.4
-137
-579
-69.8
-96.2
Net income
-58
-63
-131
-2,096
51.2
-87.4
EBITDA
-46.4
-69.1
-250
-2,645
-22.5
-166
EPS, basic
-1.27
-1.84
-1.94
EPS, diluted
-1.27
-1.84
-1.94
Shares, basic (weighted)
45.8
51.5
67.5
Shares, diluted (weighted)
45.8
51.5
67.5
Balance sheet
FY2020
FY2021
FY2023
FY2024
FY2025
FY2026
Cash and equivalents
17.9
20.3
8.73
7.91
1.35
2.54
Property, plant and equipment
4.34
2.33
1.73
1.08
Goodwill
2,368
2,368
2,368
13.6
9.91
9.91
Intangible assets
3.1
3.1
Total assets
2,911
369
355
239
Total liabilities
232
310
299
338
Paid-in capital
600
1,848
1,844
1,885
Retained earnings
0
-2,059
-2,008
-2,095
Treasury stock
-3.44
-3.44
-3.44
-3.44
Other comprehensive income
9.9
0.28
-0
0.05
Minority interests
142
42.2
132
24.7
Total equity
986
1,093
1,728
-192
-34.9
-189
Total liabilities and equity
2,911
369
355
239
Shares outstanding
67.5
Cash flow statement
FY2020
FY2021
FY2023
FY2024
FY2025
FY2026
Net income
-50.9
-105
-252
-2,658
-0.8
-165
Depreciation and amortization
1.06
1.99
3.61
3.78
1.7
0.75
Stock-based compensation
108
23.2
10.1
39.1
5.65
1.63
Deferred income tax
3.46
0
-1.07
0
0.08
0.21
Change in payables
1.98
5.19
11.2
8.63
41.4
-0.06
Cash from operations
-54
-57
-95.1
-58.2
-37.7
-38.7
Capital expenditures
-3.22
-4.2
-2.08
-1.76
-1.1
-0.1
Purchases of investments
-2.59
-1.42
-1.22
-2.24
Cash from investing
-5.98
44.6
63
44.1
28.1
61.2
Debt issued
0
25
1.68
0.85
Stock issued
0
1.12
7.86
0.71
Cash from financing
43.9
14.9
-34.5
12.6
2.97
-21.3
Net change in cash
-16.1
2.44
-66.6
-1.57
-6.63
1.2
Free cash flow
-57.2
-61.2
-97.2
-60
-38.8
-38.8
Interest paid
12.2
6.4
8.7
1.1
2.4
0.9
Income taxes paid
0
0.8
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.46 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-11.6%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
-270.9%
Net income vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-32.7%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-56.5%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Liabilities / assets
137.3%
Total liabilities / total assets.
Goodwill and intangibles / assets
4.0%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
-0.06x
Revenue / average total assets.
Valuation
Metric
Value
How it is calculated
Market cap
$22.6M
Share price x shares outstanding.
Enterprise value
$17.0M
Market cap + total debt - cash - short-term investments.
FCF yield
-141.7%
Free cash flow / market cap.
Earnings yield
-129.1%
Net income / market cap (the inverse of P/E).
What was Beneficient's revenue in fiscal 2026?
Beneficient reported revenue of $39.1M for fiscal 2026.
Was Beneficient profitable in fiscal 2026?
No. It reported a net loss of $87.4M.
How much free cash flow did Beneficient generate in fiscal 2026?
Cash from operations of $38.7M minus capital expenditures of $96.0K left free cash flow of -$38.8M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.