Beneficient (NASDAQ:BENF) shares surged 93.46% to $7.39 in after-hours trading on Tuesday after the Dallas-based alternative asset liquidity platform reported fiscal third-quarter 2026 results for the period ended Dec. 31, 2025.
GAAP Operating Income Swings Positive as Key Metrics Improve
The company reported generally accepted accounting principles revenues of $18.67 million, up from a negative $2.76 million in the prior quarter. GAAP operating income increased to $3.94 million, compared with an operating loss of $17.86 million in the previous quarter.
Beneficient also stated that net income attributable to common shareholders totaled $19.9 million.
Basic Class A earnings per share were $1.19, while diluted Class A earnings per share came in at $0.04, compared with a loss of $2.96 on both measures in the prior quarter.
Segment Performance
According to the fintech, total segment revenues attributable to Ben's equity holders rose to $55.08 million, up from $11.42 million in the prior quarter. Adjusted segment revenues came in at $11.02 million.
Operating expenses, excluding non-cash items, declined 6.5% to $13 million.
James Silk, interim CEO, said in the company’s release, “We have stabilized, focused and strengthened our business.”
Trading Metrics, Technical Analysis
Beneficient has a market capitalization of $52.94 million, with a 52-week high of $12.48 and a 52-week low of $1.76.
The stock has a Relative Strength Index (RSI) of 37.95.
BENF has gained 0.79% over the past 12 months.
Price Action: According to Benzinga Pro data, BENF closed on Tuesday at $3.82, down 7.62%.
The stock is currently about 19.2% above its 52-week low, indicating it is trading closer to the lower end of its annual range.
Benzinga's Edge Stock Rankings show that BENF is experiencing long-term upward movement, accompanied by medium- and short-term consolidation.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.