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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |