Summary by Futu AI
Beneficient reported Q2 fiscal 2025 revenues of $8.6 million, marking its second consecutive profitable quarter. The company's investments portfolio reached $335.0 million, supporting a net loan portfolio of $260.7 million. Operating expenses declined 31.9% YoY to $22.0 million, excluding non-cash goodwill impairment.The company strengthened its balance sheet by redesignating approximately $125.5 million of preferred equity as non-redeemable, improving permanent equity from a deficit of $148.3 million to $13.2 million. Ben Liquidity segment generated $12.0 million in interest income, up 10.4% QoQ, while Ben Custody maintained stable revenues of $5.4 million with $385.1 million assets under custody.The loan portfolio is diversified across approximately 240 private market funds and 800 investments, including stakes in prominent private companies in space exploration, fintech, clean energy and e-commerce sectors. The company's Board authorized up to $5 billion of fiduciary financings through ExchangeTrust transactions to support future growth.
