Beneficient (BENF)

Beneficient Cash Flow Statement

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Dec 31, 2021	Dec 31, 2020
Net Income	-	-0.8	-2,658	-252.1	-105.13	-50.87
Depreciation & Amortization	-	1.7	3.78	3.61	1.99	1.06
Stock-Based Compensation	-	5.65	39.1	10.09	23.15	71.54
Other Adjustments	-	-52.91	2,540	145.39	35.29	-75.25
Changes in Accounts Payable	-	41.45	8.63	11.24	5.19	1.98
Changes in Other Operating Activities	-	-32.78	8.57	-13.33	-17.49	-2.47
Operating Cash Flow	-	-37.7	-58.22	-95.12	-57	-54.01
Capital Expenditures	-0.22	-1.1	-1.76	-2.08	-4.2	-3.22
Purchases of Investments	-2.41	-1.22	-1.42	-10.04	-4.45	-23.15
Proceeds from Sale of Investments	72.54	30.42	47.24	75.13	53.25	20.39
Investing Cash Flow	69.97	28.11	44.06	63.02	44.59	-5.98
Long-Term Debt Issued	2.18	5.25	25	-	17.95	-
Long-Term Debt Repaid	-24.31	-8.68	-6.78	-18.66	-	-75.36
Net Long-Term Debt Issued (Repaid)	-22.14	-3.43	18.22	-18.66	17.95	-75.36
Issuance of Common Stock	0.48	8.53	25.88	-	-	-
Repurchase of Common Stock	-	-	-0.12	-1.13	-1.46	-1.55
Net Common Stock Issued (Repurchased)	0.48	8.53	25.77	-1.13	-1.46	-1.55
Issuance of Preferred Stock	-	-	-	-	14.8	130.2
Repurchase of Preferred Stock	-	-	-1.41	-8.43	-14.8	-
Net Preferred Stock Issued (Repurchased)	-	-	-1.41	-8.43	-	130.2
Other Financing Activities	2.14	-2.14	-29.98	-6.25	-1.63	-9.43
Financing Cash Flow	-23.12	2.97	12.59	-34.46	14.86	43.86
Net Cash Flow	12.11	-6.63	-1.57	-66.56	2.44	-16.13
Free Cash Flow	-0.22	-38.8	-59.98	-97.2	-61.21	-57.23
FCF Margin	0.79%	488.51%	60.77%	92.65%	-110.66%	-40.78%
Free Cash Flow Per Share	-	-0.59	-	-	-760.11	-799.60
Levered Free Cash Flow	-2.44	56.99	-2,058	-150.2	-91.58	-136.05
Unlevered Free Cash Flow	-146.5	8.45	-2,621	-252.67	-119.65	-53.53

Updated Dec 31, 2025. Data Source: Fiscal.ai. Capital Markets template. Financial Sources.

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