Beneficient reports fiscal 2025 Q4 negative revenue $31.0M, operating loss $45.3M

Beneficient

Q4 GAAP revenue negative $31.0M, adjusted operating loss $42.9M; basic EPS $8.51, diluted $0.06.
Operating expenses fell 91% to $14.3M in Q4 vs $151.9M prior year, driven by non-cash items.
Loan portfolio net $244.1M at March 31, 2025, down from $256.2M; cash $1.3M, debt $117.9M.
Post-year-end: Thomas O. Hicks appointed Chairman, James G. Silk interim CEO (July 21, 2025).
GWG lawsuit settlement approved by bankruptcy court; investigating validity of HCLP credit agreements.

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