BENF (Beneficient) EBIT: $-132.68 Mil (TTM As of Dec. 2025)

What is Beneficient EBIT?

Beneficient BENF +1.72% 32 EBIT is $-132.68 Mil as of Dec. 2025. GuruFocus rates BENF with a GF Score™ of 32/100. The stock has 3 warning signs investors should review.

Beneficient's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was $11.75 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $-132.68 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Beneficient's annualized ROC % for the quarter that ended in Dec. 2025 was 12.24%. Beneficient's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Beneficient's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -46.84%.

Beneficient (NAS:BENF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Beneficient's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

	ROC % (Q: Dec. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2025 )	+	Invested Capital (Q: Dec. 2025 ))	/ count )
=	39.016 * ( 1 - 0% )	/	( (309.554	+	327.752)	/ 2 )
=	39.016	/	318.653
=	12.24 %

where

	Invested Capital		(Q: Sep. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	316.233	-	234.348	-	( 6.679	-	max(0, 234.348	-	6.679	+	6.679	))
=	309.554

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	337.86	-	270.155	-	( 9.606	-	max(0, 270.155	-	10.108	+	9.606	))
=	327.752

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Beneficient's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2025		Q: Dec. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	47	/	( ( (0 + max(-234.348, 0))	+	(0 + max(-270.155, 0)) )	/	2 )
=	47	/	( ( 0	+	0 )	/	2 )
=	47	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Sep. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(234.348	+	0	+	0)
=	-234.348

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(270.155	+	0	+	0)
=	-270.155

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Beneficient's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2025 )
	=	-132.684	/	283.269
	=	-46.84 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Beneficient EBIT Related Terms

Beneficient EBIT Historical Data

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The historical data trend for Beneficient's EBIT can be seen below:

Beneficient EBIT Chart

Beneficient Annual Data

Trend

Dec20

Dec21

Mar22

Mar23

Mar24

Mar25

EBIT

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-77.68

0.00

-237.70

-2,639.83

14.19

Beneficient Quarterly Data
	Dec20	Mar21	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25
EBIT	Get a 7-Day Free Trial													-6.27	-42.24	-89.23	-12.97	11.75

BENF vs FGNX, JMM, TGE: EBIT Comparison

For the Asset Management subindustry, Beneficient's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Beneficient EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Beneficient's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Beneficient's EV-to-EBIT falls into.

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32GF Score

Beneficient BENF

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Beneficient EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-132.68 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-132.68 Mil mean?

Beneficient (BENF) has a EBIT of $-132.68 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Beneficient.

Is Beneficient's EBIT too high?

Beneficient's current EBIT is $-132.68 Mil. Overall, Beneficient has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.

How does Beneficient's EBIT compare to FGNX and JMM?

Beneficient's EBIT of $-132.68 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for an Asset Management company?

A good EBIT depends on the Asset Management industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Beneficient. Beneficient's current EBIT is $-132.68 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Beneficient stock overvalued right now?

Beneficient (BENF) has a current EBIT of $-132.68 Mil. The current EBIT is $-132.68 Mil. Beneficient's overall GF Score™ is 32/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Beneficient (BENF), the current EBIT is $-132.68 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Beneficient Business Description

Industry Financial Services Asset Management

Comparable Companies FGNX JMM TGE MGLD FMY RSF OFS MXE PGZ CCIF BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT OSTO:EQT AMP

Address 325 North Saint. Paul Street, Suite 4850, Dallas, TX, USA, 75201

Website https://www.trustben.com

Beneficient is a technology-enabled financial services holding company that (together with its subsidiaries) provides simple, rapid, and cost-effective liquidity solutions to participants in the alternative asset industry through its end-to-end online platform, AltAccess. BCG's products and services are designed to meet the unmet needs of mid-to-high net-worth individual investors, small-to-midsize institutional investors, family offices, and fund general partners. Its bespoke liquidity solutions for otherwise illiquid alternative asset investments are delivered through proprietary technology and a financing and trust structure. It has three reportable segments consisting of Ben Liquidity, Ben Custody and Customer ExAlt Trusts.

32GF Score

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