Beneficient (BENF)
NASDAQ:BENF
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Beneficient
(NASDAQ:BENF)
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Rating:42Neutral
Price Target:
$3.00
▼(-41.52% Downside)
Action:ReiteratedDate:03/31/26
The score is held down primarily by weak financial performance (sharp revenue decline, ongoing losses, and persistent cash burn) and bearish technicals (below key moving averages with negative MACD). Earnings-call commentary and recent corporate actions add some stabilization signals (cost reductions, compliance/legal milestones, and debt-related actions), but overall risk remains elevated with limited valuation support from the provided P/E and dividend data.
Positive Factors
Regained NASDAQ compliance
Restoring NASDAQ compliance is a durable governance and capital-markets milestone: it removes a regulatory overhang, preserves access to public equity financing and institutional investors, and improves credibility with counterparties — all of which materially aid strategic restructuring and fundraising over the next several months.
Negative Factors
Persistent negative cash flow
Consistent operating and free cash flow deficits indicate the business burns cash to operate. Over 2–6 months this elevates refinancing and execution risk, forces reliance on asset sales or dilutive financing, and constrains investment in origination, tech enhancements, and scaling the liquidity platform.
Read all positive and negative factors
Positive Factors
Negative Factors
Regained NASDAQ compliance
Restoring NASDAQ compliance is a durable governance and capital-markets milestone: it removes a regulatory overhang, preserves access to public equity financing and institutional investors, and improves credibility with counterparties — all of which materially aid strategic restructuring and fundraising over the next several months.
Read all positive factors
Beneficient (BENF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$52.88M
Dividend YieldN/A
Average Volume (3M)23.74M
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue Growth-33.98%
EPS Growth94.83%
CountryUS
Employees80
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.04
Shares Outstanding14,183,822
10 Day Avg. Volume1,028,732
30 Day Avg. Volume23,735,752
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.01
Price to Sales (P/S)-0.23
P/FCF Ratio-0.05
Enterprise Value/Market Cap-0.07
Enterprise Value/Revenue0.24
Enterprise Value/Gross Profit0.16
Enterprise Value/Ebitda0.05
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-3.13
Revenue Forecast (FY)$55.51M
Beneficient Business Overview & Revenue Model
Company Description
Beneficient, a technology-enabled financial service company, provides liquidity solutions to participants in the alternative asset industry. It operates AltAccess platform, which provides liquidity, custody, and investment analytics solutions, inc...
How the Company Makes Money
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Beneficient Earnings Call Summary
Earnings Call Date:Feb 17, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jul 14, 2026
Earnings Call Sentiment Negative
The call described several important stabilizing and corrective actions — regaining NASDAQ compliance, a GWG settlement within insurance limits, cost reductions (6.5% quarter, 18% YTD), $50M in proceeds and targeted debt paydowns — that position the company to rebuild momentum. However, these positives are counterbalanced by material operational and financial challenges: large quarterly and year-to-date operating losses, negative adjusted revenues, substantial declines in investments and NAV (roughly 29% and ~32%, respectively), reduced interest income (down ~25% YTD), low cash versus ~$100M of debt largely tied to former CEO-related entities, and ongoing legal uncertainty tied to the former CEO. Given the scale of the financial deterioration and lingering legal/balance-sheet risks relative to the accomplishments, the negatives outweigh the positives.Positive Updates
Regained NASDAQ Compliance
Beneficient regained full compliance with NASDAQ continued listing requirements in January after completing an annual audit, filing multiple periods in a compressed timeframe, improving balance sheet equity and increasing stock price to meet the minimum listing threshold.
Negative Updates
Substantial Operating Loss
Operating loss for the fiscal third quarter was $29.2 million (worse than the prior quarter operating loss of $0.8 million sequentially). Year-to-date operating loss was $36.0 million versus $0.5 million in the prior year period.
Read all updates
Q3-2026 Updates
Positive
Negative
Regained NASDAQ Compliance
Beneficient regained full compliance with NASDAQ continued listing requirements in January after completing an annual audit, filing multiple periods in a compressed timeframe, improving balance sheet equity and increasing stock price to meet the minimum listing threshold.
Read all positive updates
Company Guidance
Management’s forward guidance emphasized stabilizing and re‑scaling the core liquidity and GP primary‑financing business while continuing expense and capital‑structure simplification: they plan further expense reductions after already cutting adjusted operating expenses 6.5% year‑over‑year and 18% year‑to‑date (ex. one‑time items), intend to close additional liquidity and GP primary financings (having closed a ~$3.0M NAV deal in December) and to act on a spring pipeline of opportunities, and will leverage a technology/AI‑enhanced platform to increase loan‑portfolio capacity (current net loan portfolio $188M, investments at fair value ~$206M). Management also reiterated balance‑sheet priorities — having generated about $50M gross proceeds from asset sales/redemptions (used in part to reduce debt, including ~$27.5M to a Texas State Bank), ending the quarter with $7.9M cash and $100.3M total debt (all but $3.7M tied to the former CEO’s entities) — and said it will consider litigation to challenge over $100M (≈$120M) of purported debt; they noted a $44.1M fair‑value increase in a derivative that settles in January 2028 and signaled plans to broaden channels (advisers, family offices, private banks) and demonstrate the business via a handful of transactions.Beneficient Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
34
Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Mar 2023 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -14.86M | -7.95M | -98.91M | -104.99M | 101.98M | 60.29M |
| Gross Profit | -22.07M | -24.80M | -164.04M | -150.52M | 81.20M | 60.29M |
| EBITDA | -76.83M | -35.40M | -2.64B | -234.09M | -13.81M | -135.05M |
| Net Income | -49.57M | 51.16M | -2.10B | -130.98M | -58.04M | -334.04M |
Balance Sheet | ||||||
| Total Assets | 337.86M | 354.88M | 368.50M | 368.50M | 3.14B | 2.82B |
| Cash, Cash Equivalents and Short-Term Investments | 7.87M | 1.35M | 7.91M | 7.91M | 70.59M | 12.49M |
| Total Debt | 0.00 | 117.90M | 130.25M | 130.25M | 171.59M | 256.34M |
| Total Liabilities | 375.90M | 299.27M | 309.57M | 309.57M | 241.43M | 282.84M |
| Stockholders Equity | 90.53M | -167.00M | -234.35M | -234.35M | 1.44B | 621.50M |
Cash Flow | ||||||
| Free Cash Flow | -43.58M | -38.80M | -59.98M | -97.19M | -57.23M | -54.17M |
| Operating Cash Flow | -43.18M | -37.70M | -58.22M | -95.12M | -54.01M | -51.19M |
| Investing Cash Flow | 69.97M | 28.11M | 44.06M | 63.02M | -5.98M | 70.44M |
| Financing Cash Flow | -23.12M | 2.97M | 12.59M | -34.46M | 43.86M | -5.24M |
Beneficient Technical Analysis
Positive
5.13
Price Trends
3.99
Negative
4.69
Negative
4.17
Negative
Market Momentum
-0.12
Negative
49.44
Neutral
77.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BENF, the sentiment is Positive. The current price of 5.13 is above the 20-day moving average (MA) of 3.61, above the 50-day MA of 3.99, and above the 200-day MA of 4.17, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 49.44 is Neutral, neither overbought nor oversold. The STOCH value of 77.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BENF.
Beneficient Risk Analysis
Beneficient disclosed 131 risk factors in its most recent earnings report. Beneficient reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Beneficient Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
42 Neutral | $52.88M | ― | 38.19% | ― | -33.98% | 94.83% | |
| ― | $11.54M | >-0.01 | -109.09% | ― | ― | 60.78% | |
51 Neutral | $35.10M | 20.79 | 43.81% | ― | -37.08% | ― | |
51 Neutral | $6.84M | -1.17 | -25.88% | 1.07% | 66.65% | -1497.99% | |
45 Neutral | $7.48M | -0.16 | -1438.14% | ― | -62.09% | -99.89% | |
41 Neutral | $7.44M | -0.33 | -925.11% | ― | ― | ― |
* Financial Sector Average
BENF
Beneficient
3.72
1.35
56.96%
BTTC
Black Titan
1.27
-2.39
-65.30%
ATON
AlphaTON Capital
0.32
-4.70
-93.69%
BCG
Binah Capital Group
2.10
0.19
9.95%
CWD
CaliberCos, Inc. Class A
1.06
-9.52
-89.98%
MLCI
Mount Logan Capital Inc
3.47
-4.44
-56.13%
Beneficient Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Beneficient Shareholders Back Board, Auditor and Incentive Plan
Positive
Mar 30, 2026
On March 27, 2026, Beneficient held its Annual Meeting, with approximately 91.7% of total voting power represented, reflecting strong stockholder participation in key governance decisions. Stockholders re‑elected three Class A directors̵...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Beneficient Restructures Credit Obligations and Adds New Director
Positive
Mar 12, 2026
On March 10, 2026, Beneficient amended its existing credit agreement with HH-BDH, an affiliate of newly appointed director Mack Hicks, to settle about $1.66 million of accrued interest, fees and expenses tied to a $27.5 million facility that had i...
Business Operations and StrategyLegal Proceedings
Beneficient Secures Final Court Approval of GWG Settlement
Positive
Jan 21, 2026
On January 21, 2026, Beneficient announced that the U.S. District Court for the Northern District of Texas had approved a previously disclosed settlement agreement resolving all GWG Holdings-related lawsuits in that court against the company, its ...
Business Operations and StrategyFinancial Disclosures
Beneficient Completes Early Loan Repayment, Strengthening Balance Sheet
Positive
Jan 20, 2026
On January 20, 2026, Beneficient announced it had repaid approximately $27.5 million in loans tied to a credit agreement originally entered into on October 19, 2023, with HH-BDH LLC (whose sole member is Hicks Holdings Operating, LLC) and a Texas ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.