Beneficient Reports Q1 2026 Earnings: Adjusted Loss Per Share of $1.02, Exceeds Estimates

Beneficient reported a net loss of ($1.02) per Class A share for F1Q26, exceeding the estimate of ($0.15). The miss was primarily due to higher-than-expected operating expenses and lower weighted-average shares outstanding. Estimates for F2026 and F2027 adjusted EPS were lowered to ($1.61)/($0.50), respectively, while the price target remains at $2.00. The company's unique business model and exposure to optimized alternative assets are seen as sustainable competitive advantages, but profitability growth is expected to be driven by sustained loan origination volumes.