secwatch.observer — SEC 8-K summary
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Issuer:     Beneficient (BENF)
CIK:        0001775734
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001193125-24-033908
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775734/000119312524033908/0001193125-24-033908-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775734/000119312524033908/d759994d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-033908

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