Beneficient (BENF) Operating Expenses (2021 - 2026)
Beneficient (BENF) reported Operating Expenses of $17.5 million for Q1 2026, up 22.4% on a YoY basis from $14.3 million in Q1 2025, and up 19.08% sequentially from $14.7 million in Q4 2025.
Beneficient (BENF) Operating Expenses (2021 - 2026) Analysis & Trends
Beneficient (BENF) has 6 years of Operating Expenses data on file, last reported at $17.5 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 22.4% year-over-year to $17.5 million; the trailing twelve-month figure through Mar 2026 stood at $127.4 million (up 684.31% YoY), and the FY2026 full-year result was $127.4 million, up 684.31% from the prior year.
- Operating Expenses climbed to $17.5 million in Q1 2026, from $14.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.2 billion in Q2 2023 to a low of -$34.3 million in Q2 2024.
- A 5-year average of $201.9 million and a median of $35.6 million in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 2258.0% in 2023 and plunged 102.97% in 2024, its largest moves.
- Tracing BENF's Operating Expenses over 5 years: stood at $84.0 million in 2022, then jumped by 978.75% to $905.7 million in 2023, then plunged by 98.46% to $13.9 million in 2024, then advanced by 5.7% to $14.7 million in 2025, then rose by 19.08% to $17.5 million in 2026.
- Business Quant data shows BENF's Operating Expenses at $17.5 million in Q1 2026, $14.7 million in Q4 2025, and $15.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Beneficient | 11.56 Mn | 99.59 Mn | - | 17.54 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.54 Mn |
| Dec 31, 2025 | 14.73 Mn |
| Sep 30, 2025 | 15.10 Mn |
| Jun 30, 2025 | 80.03 Mn |
| Mar 31, 2025 | 14.33 Mn |
| Dec 31, 2024 | 13.93 Mn |
| Sep 30, 2024 | 22.28 Mn |
| Jun 30, 2024 | -34.29 Mn |
| Mar 31, 2024 | 151.90 Mn |
| Dec 31, 2023 | 905.72 Mn |
| Sep 30, 2023 | 339.00 Mn |
| Jun 30, 2023 | 1.15 Bn |
| Sep 30, 2022 | 83.96 Mn |
| Jun 30, 2022 | 48.91 Mn |
| Mar 31, 2021 | 25.60 Mn |