---
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"
generated_at: "2026-06-06T03:33:04.353587+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Beneficient reports $916M GAAP operating loss in Q3 FY2024, driven by $883M goodwill impairment

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-033908
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-033908
- JSON: https://secwatch.observer/filing/0001193125-24-033908.json
- Plain text: https://secwatch.observer/filing/0001193125-24-033908.txt

## Key facts
- Earnings Releases
  Beneficient reported financial results for quarter ended December 31, 2023.
  - Period: quarter ended December 31, 2023
  - Result: reported results
  source text: On February 13, 2024, Beneficient, a Nevada corporation, issued a press release announcing its financial results for the quarter ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775734/000119312524033908/0001193125-24-033908-index.htm

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