Beneficient (BENF) Operating Expenses (2021 - 2026)
Beneficient (BENF) posted Operating Expenses of $17.5 million for Q1 2026, up 19.08% sequentially from $14.7 million in Q4 2025, and up 22.4% YoY from $14.3 million in Q1 2025.
Beneficient (BENF) Operating Expenses (2021 - 2026) Analysis & Trends
Beneficient has reported Operating Expenses for 6 years, with the latest figure at $17.5 million in Q1 2026.
- Quarterly Operating Expenses rose 22.4% year-over-year to $17.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $127.4 million (up 684.31% YoY) and the FY2026 annual result came in at $127.4 million, up 684.31% from the prior year.
- Operating Expenses climbed to $17.5 million in Q1 2026 per BENF's latest filing, from $14.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $1.2 billion in Q2 2023 and troughed at -$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.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 2258.0% in 2023, then slumped 102.97% in 2024.
- Over 5 years, Operating Expenses stood at $84.0 million in 2022, then jumped by 978.75% to $905.7 million in 2023, then tumbled by 98.46% to $13.9 million in 2024, then increased by 5.7% to $14.7 million in 2025, then climbed by 19.08% to $17.5 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $17.5 million, $14.7 million, and $15.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 4.62 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 5.41 Bn |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.64 Bn |
| 10 | Beneficient | 4.21 Mn | -1.39 Mn | - | 12.54 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 |