Beneficient Q1 fiscal 2026 GAAP operating loss of $92.6M; revenue negative $12.6M

Beneficient

GAAP revenue negative $12.6M (prior year $10.0M); GAAP operating loss $92.6M vs income $44.3M YoY.
EPS (Class A) basic and diluted -$7.19; prior year $12.11 basic, $0.17 diluted.
Operating expenses $80.0M include $62.8M loss contingency accrual; adjusted expenses $17.2M.
Three primary capital transactions added $11.7M (fair value); asset sales generated $38.1M gross proceeds.
Board Chairman and interim CEO converted $52.6M of BCH Preferred Series A-1 into Class A common stock.

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