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Beneficient Enters into New GP Primary Capital Transaction
Fri 25 Apr 25, 10:00 AMBeneficient to Present at the Emerging Growth Conference on April 17, 2025
Tue 15 Apr 25, 10:00 AMBeneficient Enters into $9.6 Million GP Primary Capital Transaction
Mon 07 Apr 25, 10:00 AMBeneficient Adjourns Annual Meeting of Stockholders
Mon 31 Mar 25, 09:15 PMBeneficient Announces Agreement to Settle GWG Litigation
Mon 10 Mar 25, 10:00 AMPresenting on the Emerging Growth Conference 79 Day 2 on February 19 Register Now
Wed 19 Feb 25, 11:00 AMBeneficient Reports Results for Third Quarter Fiscal 2025
Thu 13 Feb 25, 11:11 AMBeneficient Announces Third Quarter Fiscal 2025 Earnings Release and Webcast
Mon 10 Feb 25, 09:15 PM| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 |
| Income before tax | -0.72300M | -2657.39200M | -253.17200M | -253.17200M | -105.13300M |
| Minority interest | 51.97M | 562.54M | 70.49M | 121.12M | 10.12M |
| Net income | 51.16M | -2095.64100M | -130.98000M | -130.98000M | -95.01600M |
| Selling general administrative | 23.23M | 36.32M | 47.48M | 47.48M | 20.49M |
| Selling and marketing expenses | 16.85M | 71.14M | - | - | - |
| Gross profit | -24.79600M | -164.03700M | -150.51600M | -150.92800M | -0.61200M |
| Reconciled depreciation | 1.70M | 3.77M | 3.88M | 3.61M | 1.99M |
| Ebit | -37.09600M | -2639.83300M | -237.70100M | - | -42.10847M |
| Ebitda | -35.40100M | -2636.05800M | -234.09500M | -234.09500M | -41.67300M |
| Depreciation and amortization | 1.70M | 3.77M | 3.61M | - | 0.44M |
| Non operating income net other | - | - | - | - | - |
| Operating income | -24.18500M | -2648.54600M | -253.17200M | -238.11300M | -71.12000M |
| Other operating expenses | 16.24M | 2549.64M | 148.18M | - | 98.97M |
| Interest expense | 14.91M | 17.56M | 15.47M | 15.47M | 27.46M |
| Tax provision | 0.08M | 0.79M | -2.35600M | -1.07200M | 0.00000M |
| Interest income | - | - | 0.46M | 0.41M | 7.40M |
| Net interest income | -14.90800M | -17.55900M | -16.70000M | -15.05900M | -20.05900M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 0.08M | 0.79M | -1.07200M | - | 17.34M |
| Total revenue | -7.94500M | -98.90800M | -104.98900M | -105.40100M | 47.91M |
| Total operating expenses | 16.24M | 2484.51M | 102.66M | 132.71M | 50.45M |
| Cost of revenue | 16.85M | 65.13M | 45.53M | 45.53M | 48.52M |
| Total other income expense net | 23.46M | -8.84600M | 205.07M | - | -34.01300M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | -0.80300M | -2658.18000M | -1629.59900M | -252.10000M | -105.13300M |
| Net income applicable to common shares | - | - | - | - | -177.70800M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-12-31 | 2023-03-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-12-31 | 2023-03-31 | 2022-12-31 |
| Total assets | 354.88M | 368.50M | 2910.70M | 368.50M | 2910.70M |
| Intangible assets | 3.10M | 3.10M | 3.59M | 3.10M | 3.59M |
| Earning assets | - | - | - | - | - |
| Other current assets | 2.37M | 9.89M | -25.94600M | 9.89M | - |
| Total liab | 299.27M | 309.57M | 1018.15M | 309.57M | 1018.15M |
| Total stockholder equity | -167.00100M | -234.34900M | 1930.71M | -234.34900M | 0.00000M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | 122.60M | 55.94M | 47.09M | 55.94M | - |
| Common stock | 0.00800M | 0.00300M | 599.52M | 0.00300M | - |
| Capital stock | 0.00800M | 0.00300M | - | 599.52M | 599.52M |
| Retained earnings | -2008.05200M | -2059.21400M | -786.35900M | -2059.21400M | - |
| Other liab | - | - | - | - | - |
| Good will | 9.91M | 13.61M | 2367.93M | 13.61M | 2367.93M |
| Other assets | - | - | - | - | - |
| Cash | 1.35M | 7.91M | 8.73M | 7.91M | 8.73M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 177.67M | 175.40M | 112.81M | 175.40M | 112.81M |
| Current deferred revenue | - | -374.12900M | - | -151.44300M | - |
| Net debt | 116.55M | 122.33M | 43.40M | 122.33M | 43.40M |
| Short term debt | - | 120.50M | - | 151.44M | - |
| Short long term debt | - | - | - | - | - |
| Short long term debt total | 117.90M | 130.25M | 52.13M | 130.25M | - |
| Other stockholder equity | 1841.05M | 1844.62M | 1321.29M | 1844.62M | - |
| Property plant equipment | - | - | - | - | - |
| Total current assets | 46.57M | 17.80M | 28.27M | 17.80M | 28.27M |
| Long term investments | 291.37M | 329.12M | - | 497.22M | 497.22M |
| Net tangible assets | - | - | - | - | - |
| Short term investments | - | - | - | - | - |
| Net receivables | 42.85M | 5.77M | 16.40M | 16.40M | - |
| Long term debt | 117.90M | 120.50M | - | 52.13M | 52.13M |
| Inventory | - | -364.44700M | 29.09M | 29.09M | - |
| Accounts payable | 55.07M | 119.46M | 65.72M | 119.46M | 65.72M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | -0.00200M | -19.76200M | 9.90M | -19.76200M | - |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 2.19M | 2.54M | 2.05M | 2.54M | 2.05M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 308.31M | 350.70M | 2882.42M | 350.70M | 2882.42M |
| Capital lease obligations | - | - | - | - | - |
| Long term debt total | - | - | - | - | - |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 |
| Investments | 29.20M | 44.06M | 69.59M | 63.02M | 44.59M |
| Change to liabilities | - | - | - | - | -4.00800M |
| Total cashflows from investing activities | 28.11M | 44.06M | 63.02M | - | 44.59M |
| Net borrowings | -3.42500M | 18.22M | -18.65700M | - | 257.15M |
| Total cash from financing activities | 2.97M | 12.59M | -34.45900M | -34.45900M | 14.86M |
| Change to operating activities | - | - | - | - | 39.83M |
| Net income | -0.80300M | -2095.64100M | -130.98000M | -130.98000M | -105.13300M |
| Change in cash | -6.63100M | -1.56800M | -66.56000M | -66.56000M | 2.44M |
| Begin period cash flow | 7.98M | 9.54M | 76.11M | 76.11M | 17.88M |
| End period cash flow | 1.35M | 7.98M | 9.54M | 9.54M | 20.32M |
| Total cash from operating activities | -37.70300M | -58.21600M | -95.11800M | -95.11800M | -57.00300M |
| Issuance of capital stock | 8.53M | 1.12M | 0.00000M | 0.00000M | 14.80M |
| Depreciation | 1.70M | 3.77M | 3.61M | 3.61M | 1.99M |
| Other cashflows from investing activities | - | 0.97M | 63.02M | - | 56.23M |
| Dividends paid | - | - | 6.12M | - | - |
| Change to inventory | - | - | - | - | - |
| Change to account receivables | - | - | - | - | - |
| Sale purchase of stock | 0.00000M | -1.41300M | -8.43000M | -8.43000M | -14.80000M |
| Other cashflows from financing activities | - | 4.34M | -15.80200M | - | -182.17419M |
| Change to netincome | - | - | - | - | 94.11M |
| Capital expenditures | 1.10M | 1.76M | 2.08M | 2.08M | 4.20M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | 8.66M | 17.20M | -2.09600M | -2.09600M | -12.29900M |
| Stock based compensation | 5.65M | 39.10M | 10.09M | 10.09M | 23.15M |
| Other non cash items | -52.98500M | 2015.37M | 34.35M | 6.39M | 21.14M |
| Free cash flow | -38.80200M | -59.97500M | -97.19500M | -97.19500M | -61.20600M |
Sector: Financial Services Industry: Asset Management
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to EBITDA (x) | |
|---|---|---|---|---|---|---|---|---|
| BENF Beneficient Class A Common Stock |
-0.11 2.89% | 3.70 | - | 6.93 | 0.52 | 0.21 | 7.64 | |
| BLK BlackRock Inc |
-28.09 2.76% | 990.87 | 26.25 | 19.57 | 6.33 | 2.90 | 6.35 | 17.13 |
| BX Blackstone Group Inc |
-4.63 4.03% | 110.28 | 33.20 | 20.12 | 11.05 | 11.56 | 9.14 | 15.74 |
| BN Brookfield Corp |
-1.71 3.75% | 43.88 | 94.78 | 11.89 | 1.35 | 2.37 | 4.58 | 10.79 |
| IVSXF Investor AB (publ) |
- -% | 40.41 | 20.83 | - | 0.88 | 1.11 | 10.01 | 1.68 |
Beneficient, a technology-enabled financial services company, provides liquidity solutions and related trustee, custody and trust administrative services to participants in the alternative asset industry in the United States. It operates through three segments Ben Liquidity, Ben Custody, and Customer ExAlt Trusts. The company offers Ben AltAccess platform for secure, online, and end-to-end delivery of each of the Ben business unit products and services, including upload documents, and work through tasks, and complete their transactions with standardized transaction agreements. It also provides Ben Liquidity, which offers alternative asset liquidity and fiduciary financing products; Ben Custody that provides custody and trust administration services to trustees and document custodian services to customers; and Ben Markets, which provides broker-dealer and transfer agency services. In addition, the company provides Ben Insurance Services, which offers insurance products and services; and Ben Data that provides data collection, evaluation, and analytics products and services. It serves individual and institutional investors, wealth advisors, and general partners. Beneficient is based in Dallas, Texas.
325 North Saint Paul Street, Dallas, TX, United States, 75201
| Name | Title | Year Born |
|---|---|---|
| Mr. Brad K. Heppner | Founder, Chairman & CEO | NA |
| Mr. James G. Silk | Executive VP, Chief Legal Officer, Director of Capital Markets & Director | 1969 |
| Mr. Derek L. Fletcher | President of BFF, Chief Fiduciary Officer & Director | 1968 |
| Mr. Gregory W. Ezell | Chief Financial Officer | 1975 |
| Ms. Maria S. Rutledge | Chief Technology Officer | 1976 |
| Mr. Jeff Welday | Global Head of Originations & Distribution | 1971 |
| Mr. Scott W. Wilson | Chief Underwriting Officer | 1981 |
| Mr. Casey Brunner | MD & Head of Sponsor Firm Preferred Liquidity Program | NA |
| Ms. Maureen S. Downey | Managing Director of Underwriting | NA |
| Mr. David Rost | General Counsel | NA |
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