Beneficient (BENF) Operating Expenses (2021 - 2025)

Beneficient has disclosed Operating Expenses across 5 years of filings, most recently posting $14.7 million for Q4 2025.

• Operating Expenses for Q4 2025 came in at $14.7 million, up 5.7% year-over-year; the trailing twelve-month figure through Dec 2025 was $124.2 million (down 19.27% YoY), and the FY2025 annual result was $16.2 million, down 99.36% from the prior year.
• Operating Expenses came in at $14.7 million for Q4 2025 at Beneficient, down from $15.1 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.
• The 5-year median for Operating Expenses is $30.3 million (2021), against an average of $199.0 million.
• Across the five-year window, Operating Expenses surged 2258.0% in 2023 and slumped 102.97% in 2024, its largest moves.
• Beneficient's Operating Expenses stood at $25.6 million in 2021, then soared by 36.93% to $35.1 million in 2022, then jumped by 2483.7% to $905.7 million in 2023, then tumbled by 98.46% to $13.9 million in 2024, then climbed by 5.7% to $14.7 million in 2025.
• The last three Operating Expenses figures came in at $14.7 million (Q4 2025), $15.1 million (Q3 2025), and $80.0 million (Q2 2025), per Business Quant data.