Growth Metrics

Beneficient (BENFW) Operating Income (2021 - 2025)

Beneficient recorded quarterly Operating Income of $3.9 million in Q4 2025, up 122.08% quarter-over-quarter from -$17.9 million in Q3 2025, and up 141.46% year-over-year from $1.6 million in Q4 2024.

Beneficient's Operating Income history runs 5 years deep, the most recent figure standing at $3.9 million for Q4 2025.

  • In Q4 2025, Operating Income rose 141.46% year-over-year to $3.9 million; the TTM figure through Dec 2025 stood at -$68.7 million (up 93.94% YoY), while the FY2025 annual figure 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.
  • A 5-year average of -$242.8 million and a median of -$59.1 million in 2022 frame the typical range for Operating Income.
  • Across the five-year window, Operating Income sank 1244.92% in 2023 and soared 141.46% in 2025, its largest moves.
  • Beneficient's Operating Income stood at -$23.2 million in 2021, then slumped by 214.15% to -$73.0 million in 2022, then plunged by 1154.73% to -$916.0 million in 2023, then jumped by 98.96% to -$9.5 million in 2024, then jumped by 141.46% to $3.9 million in 2025.
  • According to Business Quant data, Operating Income over the past three periods registered $3.9 million, -$17.9 million, and -$45.3 million for Q4 2025, Q3 2025, and Q1 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 2.81 Bn
2 Blackstone 92.68 Bn 91.63 Bn - -
3 Kkr 84.94 Bn 132.45 Bn - 1.99 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - -
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 79.00 Mn
6 State Street 44.42 Bn 18.75 Bn - -
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 901.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - -
9 Ares Management 28.85 Bn 32.22 Bn - -
10 Beneficient - - - 3.94 Mn

Historic Data

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DateValue
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