Beneficient annual operating expenses
2020
2021
2023
2024
2025
2026
Beneficient Operating Expenses Growth & History (BENF)
Beneficient's operating expenses was $127.4M for fiscal 2026.
View full Beneficient company overviewBeneficient annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-03-31 | $127.4M | $111.1M | +684.31% |
| 2025 | 2025-03-31 | $16.2M | −$2.53B | −99.36% |
| 2024 | 2024-03-31 | $2.55B | $2.40B | +1619.75% |
| 2023 | 2023-03-31 | $148.3M | — | — |
| 2021 | 2021-12-31 | $126.4M | −$61.3M | −32.66% |
| 2020 | 2020-12-31 | $187.7M | — | — |
Beneficient quarterly operating expenses
Q1.21
Q1.22
Q2.22
Q3.22
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
Q1.27
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q1 2027 | 2026-06-30 | $12.5M | −$67.5M | −84.33% |
| Q4 2026 | 2026-03-31 | $17.5M | $9.2M | +110.53% |
| Q3 2026 | 2025-12-31 | $14.7M | $794,000 | +5.70% |
| Q2 2026 | 2025-09-30 | $15.1M | −$7.2M | −32.21% |
| Q1 2026 | 2025-06-30 | $80.0M | $45.7M | +133.36% |
| Q4 2025 | 2025-03-31 | $8.3M | −$143.6M | −94.52% |
| Q3 2025 | 2024-12-31 | $13.9M | −$891.8M | −98.46% |
| Q2 2025 | 2024-09-30 | $22.3M | −$316.7M | −93.43% |
| Q1 2025 | 2024-06-30 | $34.3M | −$1.12B | −97.03% |
| Q4 2024 | 2024-03-31 | $151.9M | $121.4M | +397.31% |
| Q3 2024 | 2023-12-31 | $905.7M | $872.0M | +2582.65% |
| Q2 2024 | 2023-09-30 | $339.0M | $303.9M | +867.06% |
| Q1 2024 | 2023-06-30 | $1.15B | $1.10B | +2258.00% |
| Q4 2023 | 2023-03-31 | $30.5M | −$2.7M | −8.04% |
| Q3 2023 | 2022-12-31 | $33.8M | — | — |
| Q3 2022 | 2022-09-30 | $35.1M | — | — |
| Q2 2022 | 2022-06-30 | $48.9M | — | — |
| Q1 2022 | 2022-03-31 | $33.2M | $7.6M | +29.74% |
| Q1 2021 | 2021-03-31 | $25.6M | — | — |
Beneficient operating expenses trends
Between the periods ended 2020-12-31 and 2026-03-31, Beneficient's operating expenses decreased from $187.7M to $127.4M, a change of −$60.4M. The latest reported quarter, Q1 2027, shows $12.5M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Beneficient source filings ↗