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
DateValue
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