Beneficient (BENF) Operating Expenses (2021 - 2026)
Beneficient (BENF) reported Operating Expenses of $12.54 million for fiscal Q1 2027 (quarter ended Jun 30, 2026), down 84.3% from $80.03 million a year earlier and down 28.5% from the prior quarter.
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Analysis
Beneficient (BENF) Operating Expenses (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Beneficient's Operating Expenses came in at $59.9 million, down 54.1% year-over-year; for FY2026 (ended Mar 31, 2026), it was $127.39 million, up 684.3% from FY2025.
- Operating Expenses has a five-year compound annual growth rate of 0.2% (FY2021 to FY2026).
- By fiscal year, Operating Expenses came in at $16.24 million in FY2025 (-99.4%), $2.55 billion in FY2024, $148.27 million in FY2023 and $117.72 million in FY2022 (-6.9%).
- The fiscal Q1 2027 figure ranks as the lowest quarterly Operating Expenses since fiscal Q1 2025.
- Year over year, Operating Expenses gained in two of the last seven quarters, with an average decline of 53.0%.
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at $17.54 million (Q4 2026), $14.73 million (Q3 2026) and $15.1 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 2.50 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 4.66 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 541.02 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 2.07 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 1.02 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 1.33 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 173.18 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 58.19 Mn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Beneficient | 20.13 Mn | 89.71 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 |
| Dec 31, 2022 | 33.76 Mn |
| Sep 30, 2022 | 35.06 Mn |
| Jun 30, 2022 | 48.91 Mn |
| Mar 31, 2021 | 25.60 Mn |
API Access
Beneficient Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=BENF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "BENF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=BENF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();