Beneficient (BENF)
Financing, custody and trust administration for illiquid alternative assets.
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Provides liquidity and primary-capital financing for illiquid alternative assets, earning loan interest, transaction fees and custody-administration fees through Customer ExAlt Trusts. A Kansas-chartered fiduciary subsidiary anchors the trust structure, while consolidated trust accounting can make reported revenue diverge from operating lines.
Provides liquidity and primary-capital financing to holders and sponsors of illiquid alternative assets through Ben Liquidity, using Customer ExAlt Trusts to hold contributed assets and support loans. GP Solutions structures fund restructurings and limited-partner exits; ExchangeTrust and InterchangeTrust can use Beneficient securities as consideration, while LiquidTrust remains limited by BFF's available cash.
Supports each transaction through Ben Custody's trustee, custody and administration services, Ben Data's asset evaluation and analytics, AltAccess's online underwriting and execution workflow, and AltAccess Securities' broker-dealer and transfer-agent capabilities. Commercial channels center on U.S. wealth, institutional and fund-sponsor networks, while collateral spans U.S. and non-U.S. alternative-asset managers.
Depends on private-asset distributions, reliable manager data and valuations, transaction volume, and additional capital. Its Kansas-chartered Beneficient Fiduciary Financial subsidiary is overseen by the OSBC, whereas the listed parent is not; AltAccess Securities is regulated by the SEC and FINRA.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $5.6M · Total debt $0 · Total assets $250.9M · Shareholders' equity $90.5M
- Revenue
- $12.2M
- Operating income
- −$3.2M
- Net income
- −$6.8M
No dividends on record.
| Institutions14 holders · as of Mar 31, 2026 | 3.62% | 559.8K shares | |
| Insiders8 holders · as of Apr 20, 2026 | 76.75% | 11.86M shares | |
| Strategic holders1 holder · as of Oct 7, 2024 | 0.28% | 43.5K shares | |
| Otherremainder | 19.35% | 2.99M shares |
15.46M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Two share counts disagree (15.46M in the company's Sep 3, 2026 report, 1.16M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Mack H. HicksInsiderdirector, 10 percent owner | 74.80% | 11.56M A | Form 4filed Apr 20, 2026 ↗ |
Geode Capital Management, LLCInstitution | 1.02% | 158,027 A | 13Fas of Mar 31, 2026 |
Vanguard Capital Management LLCInstitution | 0.97% | 150,000 A | 13Fas of Mar 31, 2026 |
Peter T. Jr CanganyInsiderdirector | 0.78% | 120,237 A | Form 4filed Dec 9, 2025 ↗ |
Bruce William SchnitzerInsiderdirector | 0.76% | 116,721 A | Form 4filed Dec 9, 2025 ↗ |
| See all 25 → | |||
13F — a manager's quarterly holdings · Form 4 — an insider's transaction report
Insider tradesForm 4
No open-market trades in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Beneficient | $2.16 | +10.77% | $2.4M | — | — | 0.2 | — |
| Blackstone | $137.00 | +0.12% | $165.28B | 30.4 | 21.3 | 10.3 | +2.4% |
| Hamilton Lane | $103.14 | +0.15% | $5.73B | 15.7 | 14.8 | 6.7 | +56.5% |
| BNY | $162.10 | +0.02% | $111.22B | 18.9 | — | 2.7 | −44.8% |
| SS&C Technologies | $82.54 | +0.77% | $19.37B | 23.7 | 11.1 | 3.0 | +10.4% |
| Median | 21.3 | 14.8 | 4.8 | +6.4% |