{"schema_version":"secwatch.filing_event.v1","accession":"0001775734-25-000020","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2025-09-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.954574+00:00","generated_at":"2026-05-17T05:25:39.646867+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Beneficient reports fiscal 2025 Q4 negative revenue $31.0M, operating loss $45.3M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001775734-25-000020","json":"https://secwatch.observer/filing/0001775734-25-000020.json","markdown":"https://secwatch.observer/filing/0001775734-25-000020.md","text":"https://secwatch.observer/filing/0001775734-25-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000177573425000020/0001775734-25-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000177573425000020/ben-20250929.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:25:39.646867+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}