Beneficient
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | $-87.4M | $51.2M | $-2.10B | $-131.0M | $-63.0M | $-58.0M |
| Depreciation & Amortization | $746.0K | $1.7M | $3.8M | $3.6M | $2.0M | $1.1M |
| Depreciation | $700.0K | $1.7M | $3.8M | $3.6M | $1.8M | $900.0K |
| Amortization | — | — | — | — | $185.0K | $164.0K |
| Stock-Based Compensation | $1.6M | $5.6M | $39.1M | $10.1M | $23.2M | $107.8M |
| Net Cash from Operating Activities | $-38.7M | $-37.7M | $-58.2M | $-95.1M | $-57.0M | $-54.0M |
| Investing Activities | ||||||
| Capital Expenditures | $96.0K | $1.1M | $1.8M | $2.1M | $4.2M | $3.2M |
| Business Acquisitions | — | — | — | — | — | — |
| Net Cash from Investing Activities | $61.2M | $28.1M | $44.1M | $63.0M | $44.6M | $-6.0M |
| Financing Activities | ||||||
| Dividends Paid | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-21.3M | $3.0M | $12.6M | $-34.5M | $14.9M | $43.9M |
| Net Change in Cash | $1.2M | $-6.6M | $-1.6M | $-66.6M | $2.4M | $-16.1M |
| Free Cash Flow | $-38.8M | $-38.8M | $-60.0M | $-97.2M | $-61.2M | $-57.2M |