BENF (Beneficient) Scaled Net Operating Assets: 0.17 (As of Dec. 2025)


BENF Beneficient BENF
32 GF Score
Price $3.68
! 3 Warning Signs
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What is Beneficient Scaled Net Operating Assets?

Beneficient BENF +4.52% 32 Scaled Net Operating Assets is 0.17 as of Dec. 2025. GuruFocus rates BENF with a GF Score™ of 32/100. The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Beneficient's operating assets for the quarter that ended in Dec. 2025 was $328.25 Mil. Beneficient's operating liabilities for the quarter that ended in Dec. 2025 was $275.56 Mil. Beneficient's Total Assets for the quarter that ended in Sep. 2025 was $316.23 Mil. Therefore, Beneficient's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.17.


Beneficient Scaled Net Operating Assets Historical Data

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The historical data trend for Beneficient's Scaled Net Operating Assets can be seen below:

* 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 Scaled Net Operating Assets Chart

Beneficient Annual Data
Trend Dec20 Dec21 Mar22 Mar23 Mar24 Mar25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.81 0.68 0.90 0.06 0.47

Beneficient Quarterly Data
Dec20 Mar21 Dec21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.22 0.43 0.20 0.13 0.17

BENF vs FGNX, JMM, TGE: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, Beneficient's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Beneficient's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Beneficient's Scaled Net Operating Assets falls into.


BENF
32GF Score
Beneficient BENF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Beneficient Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Beneficient's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(353.529-181.378)/368.501
=0.47

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=354.875 - 1.346
=353.529

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=299.274 - 117.896 - 0
=181.378

Beneficient's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Sep. 2025 )
=(328.254-275.564)/316.233
=0.17

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=337.86 - 9.606
=328.254

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=375.901 - 100.337 - 0
=275.564

* 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.

What does a Scaled Net Operating Assets of 0.17 mean?
Beneficient (BENF) has a Scaled Net Operating Assets of 0.17 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Beneficient and its competitors.
Is Beneficient's Scaled Net Operating Assets too high?
Beneficient's current Scaled Net Operating Assets is 0.17. Overall, Beneficient has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Beneficient's Scaled Net Operating Assets compare to FGNX and JMM?
Beneficient's Scaled Net Operating Assets of 0.17 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 Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Beneficient and its competitors. Beneficient's current Scaled Net Operating Assets is 0.17. 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 Scaled Net Operating Assets of 0.17. The current Scaled Net Operating Assets is 0.17. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Beneficient (BENF), the current Scaled Net Operating Assets is 0.17 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

Address 325 North Saint. Paul Street, Suite 4850, Dallas, TX, USA, 75201
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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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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