{"schema_version":"secwatch.filing_event.v1","accession":"0001775734-25-000050","form_type":"8-K","ticker":"BENF","cik":"0001775734","company_name":"Beneficient","filed_at":"2025-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.400665+00:00","generated_at":"2026-05-16T19:54:01.473360+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 Q2 GAAP revenue $(2.8M), operating loss $(17.9M); insiders convert $52.6M preferred","bullets":["GAAP revenue negative $(2.8M) vs positive $8.6M in prior year; diluted EPS $(0.37) vs $0.03.","Operating expenses (ex-special items) down 38.8% to $13.4M, reflecting cost discipline.","Insider conversion: Chairman and interim CEO converted $52.6M of BCH Preferred to common stock.","Regained Nasdaq compliance for periodic filing and market value of listed securities.","Loan portfolio net $223M backed by $244M investments; cash $4.9M, debt $104M."],"urls":{"canonical":"https://secwatch.observer/filing/0001775734-25-000050","json":"https://secwatch.observer/filing/0001775734-25-000050.json","markdown":"https://secwatch.observer/filing/0001775734-25-000050.md","text":"https://secwatch.observer/filing/0001775734-25-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775734/000177573425000050/0001775734-25-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775734/000177573425000050/ben-20251114.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T19:54:01.473360+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"}