---
schema_version: "secwatch.filing_event.v1"
accession: "0001775734-24-000071"
form_type: "8-K"
ticker: "BENF"
cik: "0001775734"
company_name: "Beneficient"
filed_at: "2024-11-14T23:59:59+00:00"
generated_at: "2026-05-30T00:33:35.274702+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Beneficient reports Q2 fiscal 2025 GAAP net income; revenue $8.6M vs $(42.8M) prior year

## Summary
- Second consecutive GAAP net income quarter; basic EPS $2.98, diluted EPS $0.03.
- Revenues of $8.6M vs $(42.8M) in Q2 fiscal 2024; adjusted revenues $8.7M.
- Operating expenses ex-goodwill declined 31.9% YoY to $22.0M from $32.3M.
- Reclassified ~$125.5M of preferred equity to permanent equity; permanent equity deficit improved to -$13.2M from -$148.3M.
- Patrick J. Donegan appointed independent director effective September 30, 2024.

## SEC filing metadata
- accession: 0001775734-24-000071
- form_type: 8-K
- ticker: BENF
- cik: 0001775734
- company_name: Beneficient
- filed_at: 2024-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775734/000177573424000071/0001775734-24-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775734/000177573424000071/ben-20241114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001775734-24-000071
- JSON: https://secwatch.observer/filing/0001775734-24-000071.json
- Plain text: https://secwatch.observer/filing/0001775734-24-000071.txt

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