Beneficient Class A Common Stock (BENF)

FairStock Score: 64/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Beneficient as a Graham-style skeptic: I want durable earnings and a balance sheet that protects me. The company provides liquidity, custody and trust administration to alternative-asset participants, but the numbers are wildly unstable. In fiscal Q1 2027, the quarter ended 2026-06-30, revenue was $12.2M and net income was -$6.8M. Fiscal Q3 2026, ended 2025-12-31, showed $18.7M revenue and $19.9M net income; fiscal Q1 2026, ended 2025-06-30, had negative revenue of -$12.6M and a net loss of -$65.1M. Full FY2026, ended 2026-03-31, produced revenue of -$39.1M and a net loss of -$87.4M, after FY2025 net income of $51.2M. Negative revenue is not a trend I can underwrite. The company is in a specialized niche, but with 50 employees, negative revenue, and no scale advantage apparent in the figures, I see no reliable moat. Financial health is poor: trailing free cash flow is -$32.0M, FCF yield -68.9%, Altman Z-score -11.80, debt-to-equity 4.86, ROE -14.91%, and ROCE -10.71%. At the $0.87 close on 2026-10-13, FairStock's P/E of 0.02 and P/B of 2.61 are calculations from distorted figures and do not create safety. The 52-week range of $0.50-$12.48 shows how violently the market has repriced this. The Lynch category is TURNAROUND—loss in latest year after earlier profits. A real turnaround needs stable revenue, positive cash flow, and balance-sheet repair; none are yet evident.

In plain English: Beneficient provides liquidity and trust, custody and administrative services to people and firms that invest in alternative assets. The business looks weak: recent yearly results include negative revenue and large losses, and it is burning cash. The share price looks very low, but because earnings and cash flow are so unstable, the numbers do not clearly show a cheap bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2027 10-Q (period ended 2026-06-30) · fiscal Q3 2026 10-Q (period ended 2025-12-31) · fiscal Q2 2026 10-Q (period ended 2025-09-30) · fiscal Q1 2026 10-Q (period ended 2025-06-30) · FY2026 10-K (period ended 2026-03-31) · FY2025 10-K (period ended 2025-03-31) · FY2024 10-K (period ended 2024-03-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer