{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-276052","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2023-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.384861+00:00","generated_at":"2026-06-08T05:19:35.083598+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Beneficient reports Q2 FY2024 GAAP operating loss of $381.8M; EPS $(1.45)","bullets":["Consolidated GAAP operating loss $381.8M vs loss $73.0M a year ago; diluted EPS $(1.45) vs $(0.03).","Ben Liquidity segment operating loss $272.1M vs income $24.2M, driven by non-cash goodwill impairment and negative credit loss adjustments.","Adjusted operating loss (non-GAAP) $21.2M vs $33.9M prior year, improving 37.6%.","Cash and equivalents $2.4M; total debt $150.8M as of Sept 30, 2023.","Ben Custody segment operating loss $80.8M vs income $6.3M, also due to goodwill impairment."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-276052","json":"https://secwatch.observer/filing/0001193125-23-276052.json","markdown":"https://secwatch.observer/filing/0001193125-23-276052.md","text":"https://secwatch.observer/filing/0001193125-23-276052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000119312523276052/0001193125-23-276052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000119312523276052/d306335d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T05:19:35.083598+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3a14228ea8d5085184d55e6d91a9d150411f5678","claim":"Beneficient reported financial results for second quarter fiscal 2024.","evidence_excerpt":"On November 13, 2023, Beneficient, a Nevada corporation, issued a press release announcing its financial results for the quarter ended September 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775734/000119312523276052/0001193125-23-276052-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter fiscal 2024"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}