# Beneficient Group L.P. (BENF)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Price:** $3.45 (+0.29%)

> Beneficient Group L.P. is a technology-enabled financial services holding company that provides liquidity solutions, custody, trust administration, and related services to participants in the alternative asset industry. Through its end-to-end online platform, AltAccess, it delivers simple, rapid, and cost-effective options for illiquid alternative investments, including fiduciary financing, broker-dealer services, transfer agency, insurance products, and data analytics. The company operates key segments such as Ben Liquidity for alternative asset liquidity and financing, Ben Custody for custody and trust administration to trustees and custodians, Customer ExAlt Trusts for specialized trust services, and additional units like Ben Markets and Ben Data. Beneficient Group L.P. serves mid-to-high net-worth individuals, small-to-midsize institutional investors, family offices, wealth advisors, and fund general partners, addressing unmet needs in liquidity and capital solutions for alternative assets. Headquartered in Dallas, Texas, it plays a vital role in democratizing access to alternative asset markets through proprietary technology and structured financing.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | -$8M | — | -$24M | — | — |
| 2024 | -$99M | — | -$2.65B | -$2.10B | — |
| 2023 | -$105M | — | -$253M | -$131M | — |
| 2021 | $55M | — | -$71M | -$63M | — |
| 2020 | $140M | — | -$47M | -$58M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $355M | $299M | -$35M | $1M | — |
| 2024 | $369M | $310M | -$192M | $8M | — |
| 2023 | $2.91B | $232M | $1.73B | $9M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$38M | $1M | -$39M |
| 2024 | -$58M | $2M | -$60M |
| 2023 | -$95M | $2M | -$97M |
| 2021 | -$57M | $4M | -$61M |
| 2020 | -$54M | $3M | -$57M |

Source: [CompaniesByCap](https://companiesbycap.com/company/BENF)