Beneficient BENF
NASDAQ BENF
$1.43 -0.25 (-15.11%)
As of: Sep 10, 2026 · 10:03 AM EDT

Beneficient (BENF) Operating Expenses (2021 - 2026)

Beneficient's (BENF) quarterly Operating Expenses came in at $12.5 million in Q2 2026, down 84.33% year-over-year from $80.0 million in Q2 2025, and down 28.47% quarter-over-quarter from $17.5 million in Q1 2026.

Analysis

Beneficient (BENF) Operating Expenses (2021 - 2026) Analysis & Trends

Beneficient has disclosed Operating Expenses across 6 years of filings, most recently posting $12.5 million for Q2 2026.

  • In Q2 2026, Operating Expenses fell 84.33% year-over-year to $12.5 million; the TTM figure through Jun 2026 stood at $59.9 million (down 54.12% YoY), while the FY2026 annual figure was $127.4 million, up 684.31% from the prior year.
  • Operating Expenses came in at $12.5 million for Q2 2026 at Beneficient, down from $17.5 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.
  • Average Operating Expenses over 5 years is $189.3 million, with a median of $22.3 million recorded in 2024.
  • Year-over-year, Operating Expenses soared 2258.0% in 2023 and sank 102.97% in 2024.
  • Over 5 years, Operating Expenses stood at $84.0 million in 2022, then surged by 978.75% to $905.7 million in 2023, then sank by 98.46% to $13.9 million in 2024, then climbed by 5.7% to $14.7 million in 2025, then fell by 14.83% to $12.5 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $12.5 million in Q2 2026, $17.5 million in Q1 2026, and $14.7 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Orix 43.69 Bn 43.69 Bn 4.68 Bn 4.66 Bn
2 Royalty Pharma 26.90 Bn 26.06 Bn - 541.02 Mn
3 Royal Gold 21.70 Bn 21.52 Bn 390.45 Mn 173.18 Mn
4 OR Royalties 6.75 Bn 6.67 Bn 82.22 Mn -19.41 Mn
5 Encore Capital 2.09 Bn 1.91 Bn 455.04 Mn 304.97 Mn
6 Atlanticus Holdings 1.39 Bn 839.20 Mn 686.46 Mn 157.57 Mn
7 Jefferson Capital 1.19 Bn 1.17 Bn - 95.35 Mn
8 Upbound 1.06 Bn 951.79 Mn 594.84 Mn 540.58 Mn
9 Lufax Holding 1.04 Bn -1.59 Bn - -1.02 Bn
10 Beneficient 2.65 Mn -2.95 Mn - 12.54 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 12.54 Mn
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