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Beneficient

corporate_fare Company Profile

Beneficient

BENF·NASDAQ·Finance·CIK 0001775734

Beneficient is a technology-enabled financial services company that offers simple, rapid, and cost-effective liquidity solutions, along with related trustee, custody, and trust administrative services, to participants in the alternative asset industry. The company operates through its business line operating subsidiaries, known as Ben Business Units: Ben Liquidity, Ben Custody, and Ben Markets. These units aim to provide solutions in the alternative asset investment market for individual and institutional investors, general partners and sponsors (GPs), and the alternative asset funds they manage, collectively referred to as Customers. Following regulatory approval, an additional business line, Ben Insurance Services, is expected to be included. Beneficient's products and services are designed for mid-to-high net worth (MHNW) individual investors, small-to-midsize institutional (STMI) investors, family offices (FAMOs), and GPs. Currently, the company's primary operations involve liquidity, primary capital, trustee, custody, and alternative asset trust administration products and services, delivered through Ben Liquidity, L.L.C. and its subsidiaries, and Ben Custody, L.L.C. and its subsidiaries. Through Ben Liquidity, the company finances liquidity and primary capital transactions for Customers using a proprietary trust structure called Customer ExAlt Trusts. These trusts facilitate the exchange of a Customer's alternative assets or fulfill primary capital needs for consideration using a proprietary financing structure and process known as the ExAlt Plan™. In ExAlt Plan™ financings, Beneficient Fiduciary Financial, L.L.C. (BFF), a Kansas-based trust company and a subsidiary of Ben Liquidity, provides fiduciary financing (fidfin) to fidfin trusts. BFF makes loans, called ExAlt Loans, to certain Customer ExAlt Trusts. These trusts then use a portion of the loan proceeds to acquire and deliver agreed-upon consideration to the Customer in exchange for their alternative assets or to fulfill their primary capital needs.

Beneficient (NASDAQ:BENF) is a publicly traded company in the Finance sector. Wiseek has independently scored 34 items for BENF at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-09-23, rated 9/10. Across its 20 most recent items scored 7 or higher, the top rating is 10/10, with 15 rated 8 or above. Recent SEC coverage for BENF spans 8-K, 10-Q, S-1, DEFA14A.

Recent high-impact activity:

  • Beneficient Unveils Plan to Wipe Out $130M Debt and $850M Preferred Overhang, Stock Soars 250%
  • Beneficient Moves to Eliminate $130M HCLP Debt and $850M Heppner Equity Overhang
  • Beneficient Q1 Loss Narrows to $6.8M, but Going Concern Doubts Persist
  • Beneficient Swings to Positive Q1 Revenue, Cuts Loss on Lower Expenses
  • Beneficient Q1 FY2027: First Collateral Deal, $16M New Capital, Sharp Cost Cuts

Financial Snapshot

Fiscal year ended March 31, 2026
Revenue
-$39.13M
Net Income
-$87.43M
Op. Cash Flow
-$38.72M
Free Cash Flow
-$38.81M
Operating Income
-$166.51M
Cash & Equivalents
$2.54M
Debt / Equity
0.00×
Net Margin
223.5%
Source: 10-K · filed 2026-06-29 · accession 0001775734-26-000018

Short Interest & Short Volume

1.00 days to cover

FINRA reported short interest of 311,505 shares in BENF as of the September 15, 2026 settlement, a 168.8% increase from the prior period — about 1.0 days to cover at its recent average daily volume. On October 2, 2026, 58.9% of BENF volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)311,505 shares as of September 15, 2026
Change vs prior period▲ 168.8%
Days to cover1.00 at avg daily volume of 1,628,608
Daily short volume (FINRA facilities)58.9% of 432,875 shares on October 2, 2026
5-day average short volume53.9%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Dilution Risk

Low risk

Filing-implied dilution signals for BENF, detected from its recent SEC filings · based on capital-structure filings through 2026-08-11.

2 recent capital raises1 shelf registration

Second Convertible Note Tranche Issued · Highly Dilutive Conversion Terms

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$1.44 +0.01% today
52-week range · as of 2026-09-23 $0.4981 – $12.48
Market cap
$22.1M
Volume
781.7K (0.0× avg)
3-mo avg 20.4M
Live data · 2026-10-05 01:23 UTC · Market closed

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feed BENF - Latest Insights

BENF
Sep 23, 2026, 10:51 AM EDT
Source: Benzinga
Importance Score:
9
Price at Filing: $2.65
Real-time Price: $1.44 info
Change: -$1.21 (-46%) info
Market Cap: $22.102M info
BENF
Sep 23, 2026, 7:35 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $0.6201
Real-time Price: $1.44 info
Change: +$0.8199 (+132%) info
Market Cap: $22.102M info
BENF
Aug 14, 2026, 4:15 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $2.30
Real-time Price: $1.44 info
Change: -$0.856 (-37%) info
Market Cap: $22.102M info
BENF
Aug 14, 2026, 7:41 AM EDT
Source: Reuters
Importance Score:
7
Price at Filing: $2.43
Real-time Price: $1.44 info
Change: -$0.990 (-41%) info
Market Cap: $22.102M info
BENF
Aug 14, 2026, 7:31 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $2.43
Real-time Price: $1.44 info
Change: -$0.990 (-41%) info
Market Cap: $22.102M info
BENF
Aug 11, 2026, 4:15 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $2.75
Real-time Price: $1.44 info
Change: -$1.31 (-48%) info
Market Cap: $22.102M info
BENF
Jul 29, 2026, 5:04 PM EDT
Filing Type: S-1
Importance Score:
9
Price at Filing: $2.91
Real-time Price: $1.44 info
Change: -$1.47 (-51%) info
Market Cap: $22.102M info
BENF
Jul 13, 2026, 5:07 PM EDT
Filing Type: DEFA14A
Importance Score:
7
Price at Filing: $3.15
Real-time Price: $1.44 info
Change: -$1.71 (-54%) info
Market Cap: $22.102M info
BENF
Jul 13, 2026, 5:05 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $3.15
Real-time Price: $1.44 info
Change: -$1.71 (-54%) info
Market Cap: $22.102M info
BENF
Jul 09, 2026, 5:26 PM EDT
Filing Type: SCHEDULE 13D
Importance Score:
8
Price at Filing: $3.31
Real-time Price: $1.44 info
Change: -$1.87 (-56%) info
Market Cap: $22.102M info
BENF
Jul 07, 2026, 4:15 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $3.66
Real-time Price: $1.44 info
Change: -$2.22 (-61%) info
Market Cap: $22.102M info
BENF
Jun 30, 2026, 6:05 AM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $3.52
Real-time Price: $1.44 info
Change: -$2.08 (-59%) info
Market Cap: $22.102M info
BENF
Jun 29, 2026, 5:45 PM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $3.52
Real-time Price: $1.44 info
Change: -$2.08 (-59%) info
Market Cap: $22.102M info
BENF
Jun 29, 2026, 5:38 PM EDT
Filing Type: 10-K
Importance Score:
10
Price at Filing: $3.52
Real-time Price: $1.44 info
Change: -$2.08 (-59%) info
Market Cap: $22.102M info
BENF
Jun 29, 2026, 5:18 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $3.87
Real-time Price: $1.44 info
Change: -$2.43 (-63%) info
Market Cap: $22.102M info
BENF
Jun 25, 2026, 5:23 PM EDT
Source: Wiseek News
Importance Score:
7
Price at Filing: $3.73
Real-time Price: $1.44 info
Change: -$2.29 (-61%) info
Market Cap: $22.102M info
BENF
Jun 25, 2026, 5:12 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $3.73
Real-time Price: $1.44 info
Change: -$2.29 (-61%) info
Market Cap: $22.102M info
BENF
Apr 20, 2026, 7:49 PM EDT
Filing Type: SCHEDULE 13D/A
Importance Score:
9
Price at Filing: $3.28
Real-time Price: $1.44 info
Change: -$1.84 (-56%) info
Market Cap: $22.102M info
BENF
Apr 10, 2026, 7:44 AM EDT
Filing Type: DEFA14A
Importance Score:
8
Price at Filing: $4.16
Real-time Price: $1.44 info
Change: -$2.72 (-65%) info
Market Cap: $22.102M info
BENF
Apr 10, 2026, 7:40 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $4.77
Real-time Price: $1.44 info
Change: -$3.33 (-70%) info
Market Cap: $22.102M info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets