Beneficient (BENF) Operating Income (2021 - 2025)
Beneficient's (BENF) quarterly Operating Income came in at $3.9 million in Q4 2025, up 141.46% year-on-year from $1.6 million in Q4 2024, and up 122.08% quarter-over-quarter from -$17.9 million in Q3 2025.
Beneficient (BENF) Operating Income (2021 - 2025) Analysis & Trends
Beneficient has disclosed Operating Income across 5 years of filings, most recently posting $3.9 million for Q4 2025.
- Operating Income for Q4 2025 came in at $3.9 million, up 141.46% year-over-year; the trailing twelve-month figure through Dec 2025 was -$68.7 million (up 93.94% YoY), and the FY2025 annual result was -$24.2 million, up 99.09% from the prior year.
- Operating Income came in at $3.9 million for Q4 2025 at Beneficient, up from -$17.9 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $3.9 million in Q4 2025 to a low of -$1.2 billion in Q2 2023.
- The 5-year median for Operating Income is -$59.1 million (2022), against an average of -$242.8 million.
- Across the five-year window, Operating Income slumped 1244.92% in 2023 and surged 141.46% in 2025, its largest moves.
- Beneficient's Operating Income stood at -$23.2 million in 2021, then tumbled by 214.15% to -$73.0 million in 2022, then sank by 1154.73% to -$916.0 million in 2023, then soared by 98.96% to -$9.5 million in 2024, then soared by 141.46% to $3.9 million in 2025.
- The last three Operating Income figures came in at $3.9 million (Q4 2025), -$17.9 million (Q3 2025), and -$45.3 million (Q1 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 160.20 Bn | 150.57 Bn | - | 2.81 Bn |
| 2 | Blackstone | 96.40 Bn | 95.35 Bn | - | - |
| 3 | Kkr | 85.87 Bn | 133.39 Bn | - | 1.99 Bn |
| 4 | Apollo Global Management | 79.90 Bn | 98.63 Bn | 5.04 Bn | 79.00 Mn |
| 5 | State Street | 46.62 Bn | 20.95 Bn | - | - |
| 6 | Ameriprise Financial | 42.78 Bn | 42.65 Bn | 4.57 Bn | 901.00 Mn |
| 7 | Northern Trust | 32.35 Bn | 32.35 Bn | - | - |
| 8 | Ares Management | 30.25 Bn | 33.62 Bn | - | - |
| 9 | Raymond James Financial | 30.24 Bn | 18.99 Bn | - | - |
| 10 | Beneficient | 83.98 Mn | 110.42 Mn | - | 3.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 3.94 Mn |
| Sep 30, 2025 | -17.86 Mn |
| Mar 31, 2025 | -45.30 Mn |
| Dec 31, 2024 | -9.51 Mn |
| Sep 30, 2024 | -13.72 Mn |
| Mar 31, 2024 | -194.86 Mn |
| Dec 31, 2023 | -915.95 Mn |
| Sep 30, 2023 | -381.76 Mn |
| Jun 30, 2023 | -1.16 Bn |
| Sep 30, 2022 | -73.00 Mn |
| Jun 30, 2022 | -85.95 Mn |
| Mar 31, 2021 | -23.24 Mn |