{"schema_version":"secwatch.filing_event.v1","accession":"0001775734-25-000040","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2025-10-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.399479+00:00","generated_at":"2026-05-17T03:16:09.334229+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 Q1 fiscal 2026 GAAP operating loss of $92.6M; revenue negative $12.6M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001775734-25-000040","json":"https://secwatch.observer/filing/0001775734-25-000040.json","markdown":"https://secwatch.observer/filing/0001775734-25-000040.md","text":"https://secwatch.observer/filing/0001775734-25-000040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000177573425000040/0001775734-25-000040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000177573425000040/ben-20251020.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:16:09.334229+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"}