Beneficient (BENF)

Nasdaq: BENF · Finance Services · Dallas, TX · filing with the SEC since 2021

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Grade3.6

◀ Past 2.4● Present 4.7▶ Future 4.0

6 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Beneficient

Nine metrics read from its own filings, by tense

Headline grade

3.6/10

◀ Past2.440% of the headline

● Present4.735% of the headline

▶ Future4.025% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 3 read as filed from the record and 6 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.4/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

0.6/10

Has it survived what it has been through?

18 warning events since 2021; the latest 2026-11-12.

weight 45% of this tense · 6th percentile among 130 sector filers · read for itself

From the record

Beneficient's filings since 2021 show 18 warning events of 3 kinds: a debt default or acceleration notice (8-K item 2.04, the latest 2025-08-05); a notice about its exchange listing (8-K item 3.01, 12 times, the latest 2026-11-12); a late-report notice (Form NT 10-K or NT 10-Q, 5 times, the latest 2026-06-30) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

1.3/10

What has it actually done, year after year?

6 filed years; profitable in 1 of 6.

weight 22% of this tense · 13th percentile among 104 sector filers · read for its customers

From the record

Beneficient's 6 filed years say what it did: it rose in 0 of 2 years; the deepest fall was 175% from fiscal 2020 to fiscal 2023; net income was positive in 1 of 6 of those years (its annual reports).

What it rests on

the share of years revenue rosebottom 5% of its family
the share of filed years with a profitbottom 34% of its family
the deepest fall from a revenue peak174.8%bottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

5.5/10

How has it treated the people who own it?

SI estimate 5.5/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 82 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 82 members with one.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: family median, 82 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Beneficient's shareholder treatment is put at 5.5 of 10 with a confidence of 20 of 100, because fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 82 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.7/1035% of the headline grade · 1 of 3 filed, 2 estimated

Financial health

SI estimate

4.9/10

Is it financially healthy right now?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 121 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate: Fewer than two of the four checks can be read, so the desk assumes the typical reading of its industry family, the median of 121 members with one.
What the record cannot read: Fewer than two of the four checks can be read.
How it was reasoned: family median, 121 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Beneficient's financial health is put at 4.9 of 10 with a confidence of 20 of 100, because fewer than two of the four checks can be read, so the desk assumes the typical reading of its industry family, the median of 121 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

SI estimate

5.3/10

How strong is its position in its industry?

SI estimate 5.3/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 114 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate: No filed revenue on file, so the desk assumes the typical reading of its industry family, the median of 114 members with one.
What the record cannot read: No filed revenue on file.
How it was reasoned: family median, 114 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Beneficient's industry position is put at 5.3 of 10 with a confidence of 20 of 100, because no filed revenue on file, so the desk assumes the typical reading of its industry family, the median of 114 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Leadership

as filed

3.1/10

What are the people in charge doing?

bottom 31% of 50 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 31st percentile among 50 sector filers · read for its shareholders

From the record

Beneficient's leadership, from its insiders' filings and its current reports: the chief executive on the record is Silk, James G. (Chief Executive Officer, as filed), filing under that title since 2025-07-24, 1.3 years (bottom 48% of its family); most of the 7 officers and directors filing now have filed since the record of its people begins (2023-06-07), a floor of 3.4 years the record cannot see past, so that part is not read; 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 7 people in charge now (bottom 14%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

officer and director changes on Form 8-K, against the people in charge10 in three years among 7 peoplebottom 14% of its family
the chief executive's years on the record1.3 yearsbottom 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.0/1025% of the headline grade · 0 of 3 filed, 3 estimated

Room to expand

SI estimate

2.8/10

How much room does it have to grow?

SI estimate 2.8/10, confidence 35 of 100 (one part).

weight 33% of this tense · 28th percentile among 124 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, cash less debt against assets, which ranks in the bottom 28% of 124 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read: The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned: one part: cash less debt against assets, the one part on file, ranked among 124 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Beneficient's room to expand is put at 2.8 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the bottom 28% of 124 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

SI estimate

1.1/10

What could actually drive growth from here?

SI estimate 1.1/10, confidence 35 of 100 (one part).

weight 33% of this tense · 10th percentile among 103 sector filers · read for its customers

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the three-year growth of capital spending, which ranks in the bottom 10% of 103 in its family; the record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending.
What the record cannot read: The record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending.
How it was reasoned: one part: three-year growth of capital spending, the one part on file, ranked among 103 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Beneficient's growth drivers is put at 1.1 of 10 with a confidence of 35 of 100, because read from one part only, the three-year growth of capital spending, which ranks in the bottom 10% of 103 in its family; the record does not carry three filed years of revenue and two of the four parts: acceleration, the newest year's growth, the growth of research and of capital spending. A filing that carries the missing parts replaces this estimate with the filed reading.

Expectations vs reality

SI estimate

8.1/10

Did its newest year beat what its own record pointed to?

SI estimate 8.1/10, confidence 35 of 100 (one part).

weight 33% of this tense · 81st percentile among 83 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, net income against the prior three years' average, which ranks in the top 19% of 83 in its family; the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
What the record cannot read: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned: one part: net income against the prior three years' average, the one part on file, ranked among 83 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Beneficient's expectations vs reality is put at 8.1 of 10 with a confidence of 35 of 100, because read from one part only, net income against the prior three years' average, which ranks in the top 19% of 83 in its family; the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change. A filing that carries the missing parts replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BENF · research, not advice