{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-033908","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2024-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.484034+00:00","generated_at":"2026-06-06T03:33:04.353587+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Beneficient reports $916M GAAP operating loss in Q3 FY2024, driven by $883M goodwill impairment","bullets":["GAAP operating loss of $915.95M; adjusted operating loss of $11.68M, improved from $21.17M in prior quarter.","Diluted EPS of ($1.98); adjusted revenue of $8.5M versus negative GAAP revenue of ($10.2M).","Goodwill impairment of $883.2M; operating expenses excluding impairment reduced 33% YoY.","GP Preferred Liquidity Provider Program grew to 19 funds with $1.5B committed capital, from 7 funds/$300M.","Cash and equivalents $11.2M; total debt $128.2M; new $25M term loan secured."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-033908","json":"https://secwatch.observer/filing/0001193125-24-033908.json","markdown":"https://secwatch.observer/filing/0001193125-24-033908.md","text":"https://secwatch.observer/filing/0001193125-24-033908.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000119312524033908/0001193125-24-033908-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000119312524033908/d759994d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T03:33:04.353587+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":"f2c65e9c434e0a7a1a9127f67ab39048e63bedf4","claim":"Beneficient reported financial results for quarter ended December 31, 2023.","evidence_excerpt":"On February 13, 2024, Beneficient, a Nevada corporation, issued a press release announcing its financial results for the quarter ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775734/000119312524033908/0001193125-24-033908-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2023"},{"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"}