Beneficient key statistics and ratios
In fiscal 2023, Beneficient had return on equity of -9.3% and debt equal to 0.0% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2021Dec 2020 | 2022Dec 2021 | 2023Mar 2023 | 2024Mar 2024 | 2025Mar 2025 | 2026Mar 2026 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Operating margin | −33.8% | −128.6% | — | — | — | — | — |
| Net margin | −41.4% | −113.9% | — | — | — | — | — |
| Free-cash-flow margin | −40.8% | −110.7% | — | — | — | — | — |
| Return on equity | −5.9% | −6.1% | −9.3% | — | — | — | — |
| Return on assets | — | — | −4.5% | −127.8% | 14.1% | −29.5% | −11.9% |
| Debt to equity | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Interest cover (operating income ÷ interest) | n/m | n/m | n/m | n/m | — | — | — |
| Capital spending as % of revenue | 2.3% | 7.6% | — | — | — | — | — |
| Free cash flow ÷ net income | — | — | — | — | −75.8% | — | — |
| Quarter | 2025 Q2Sept 2024 | 2025 Q3Dec 2024 | 2025 Q4Mar 2025 | 2026 Q1Jun 2025 | 2026 Q2Sept 2025 | 2026 Q3Dec 2025 | 2026 Q4Mar 2026 | 2027 Q1Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | −160.2% | −215.3% | — | — | — | 21.1% | — | −3.1% |
| Net margin | 150.8% | −195.5% | — | — | — | 106.7% | — | −55.8% |
| Free-cash-flow margin | −103.7% | −227.2% | — | — | — | −50.2% | — | −33.7% |
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
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