Beneficient (BENF)

Beneficient Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Dec 31, 2021
Net Income	51.16	-2,096	-130.98	-132.65	-95.02
Depreciation & Amortization	0.1	0.08	0.21	1.49	0.39
Other Amortization	1.6	3.7	5.05	0.6	1.6
Asset Writedown & Restructuring Costs	3.69	2,354	-	-	-
Loss (Gain) From Sale of Investments	1	-	12.62	15.75	-18.11
Stock-Based Compensation	5.65	39.1	10.09	20.97	23.15
Provision & Write-off of Bad Debts	-	-	-	18.76	-
Other Operating Activities	-109.56	-376.97	9.99	22.82	43.28
Change in Accounts Payable	41.45	8.63	11.24	9.39	5.19
Change in Other Net Operating Assets	-32.78	8.57	-13.33	-7.75	-17.49
Operating Cash Flow	-37.7	-58.22	-95.12	-50.61	-57
Capital Expenditures	-1.1	-1.76	-2.08	-4.46	-4.2
Investment in Securities	29.2	44.85	72.55	54.39	46.95
Other Investing Activities	-	0.97	-7.45	1.84	1.84
Investing Cash Flow	28.11	44.06	63.02	51.78	44.59
Long-Term Debt Issued	5.25	25	-	-	17.95
Total Debt Issued	5.25	25	-	90.45	17.95
Long-Term Debt Repaid	-8.68	-6.78	-18.66	-	-
Total Debt Repaid	-8.68	-6.78	-18.66	-8.21	-
Net Debt Issued (Repaid)	-3.43	18.22	-18.66	82.24	17.95
Issuance of Common Stock	8.53	1.12	-	-	-
Other Financing Activities	-2.14	-6.75	-15.8	-25.04	-3.1
Financing Cash Flow	2.97	12.59	-34.46	57.19	14.86
Net Cash Flow	-6.63	-1.57	-66.56	58.36	2.44
Free Cash Flow	-38.8	-59.98	-97.2	-55.07	-61.21
Free Cash Flow Margin	-	-	-	-486.95%	-110.66%
Free Cash Flow Per Share	-6.61	-19.07	-39.01	-78.22	-95.01
Cash Interest Paid	2.4	1.1	8.7	6.6	6.4
Cash Income Tax Paid	-	0.8	-	-	-
Levered Free Cash Flow	-92.72	1.18	-118.12	-	20.61
Unlevered Free Cash Flow	-83.4	12.16	-108.45	-	37.77
Change in Working Capital	8.66	17.2	-2.1	1.65	-12.3

Updated Sep 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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