---
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"
generated_at: "2026-06-08T05:19:35.083598+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Beneficient reports Q2 FY2024 GAAP operating loss of $381.8M; EPS $(1.45)

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-276052
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-276052
- JSON: https://secwatch.observer/filing/0001193125-23-276052.json
- Plain text: https://secwatch.observer/filing/0001193125-23-276052.txt

## Key facts
- Earnings Releases
  Beneficient reported financial results for second quarter fiscal 2024.
  - Period: second quarter fiscal 2024
  - Result: reported results
  source text: On November 13, 2023, Beneficient, a Nevada corporation, issued a press release announcing its financial results for the quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775734/000119312523276052/0001193125-23-276052-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.