Beneficient (BENFW) Stock: Why It's Down Today
Updated Oct 19, 2026, 4:00 PM ET · closing price
- Closed at $0.01, -6.74% vs the prior close of $0.01.
- Volume 4.38K shares, 0.4x its 50-day average (light).
- New SEC filings: DEF 14A (Oct 19, 2026).
- No new insider buys or sales reported since the prior session.
BENFW slides 6.7% to $0.01. Closed at $0.01, -6.74% vs the prior close of $0.01. Day range $0.01–$0.01, opened at $0.01.
BENFW daily analysis — what happened
A plain-English, data-only note for every US trading day (today's note updates every 2 hours while the market is open). Newest first; older days stay archived below.
Oct 19, 2026 — BENFW slides 6.7% to $0.01
- Closed at $0.01, -6.74% vs the prior close of $0.01. Day range $0.01–$0.01, opened at $0.01.
- Volume was 4.38K shares, 0.4x its 50-day average of 10.98K — lighter than usual.
- 52-week range $0.01–$0.01; today's close sits at 7% of that range, 13.5% below the 52-week high.
- SEC filings that day: DEF 14A.
BENFW bull case vs bear case (from the data)
- Annual revenue grew 392.6% in the latest fiscal year (SEC XBRL).
- Insiders made 12 open-market purchases in the last 12 months.
- Latest fiscal-year net income: loss of $87.43M.
- High volatility: average daily move of 6.7% over 20 sessions.
- Thin trading (under $2M a day on average) can mean wide bid/ask spreads.
BENFW latest news & SEC filings
Every SEC filing by or about BENFW in the last 120 days, explained in plain English. Updated daily, with a same-day refresh for new filings.
Oct 19, 2026 · Form DEF 14A — Proxy statement
Proxy statement — agenda for the shareholder meeting (board elections, executive pay, votes)
Oct 14, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 1.01 — Signed a material agreement.
Oct 7, 2026 · Form PRE 14A — Preliminary proxy statement
Preliminary proxy statement
Oct 5, 2026 · Form SCHEDULE 13G/A — Update to a passive 5%+ stake (13G)
Update to a passive 5%+ stake (13G)
Filed by an outside investor (not the company). It reports a holding of more than 5% of a share class; percentage and holder name are in the filing.
Sep 23, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
Sep 22, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Wendel Karen received an award of 32,960 shares on Sep 18, 2026; now holds 58,874
- Wendel Karen received an award of 44,016 shares on Sep 18, 2026; now holds 102,890
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Sep 22, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Schnitzer Bruce William received an award of 176,887 shares on Sep 18, 2026; now holds 294,980
- Schnitzer Bruce William received an award of 29,894 shares on Sep 18, 2026; now holds 324,874
- Schnitzer Bruce William received an award of 188,679 shares on Sep 18, 2026; now holds 513,553
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Sep 22, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Hicks Mack H. & Hicks Holdings Operating Llc received an award of 26,828 shares on Sep 18, 2026; now holds 26,828
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Sep 22, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Cangany Peter T Jr received an award of 32,960 shares on Sep 18, 2026; now holds 131,489
- Cangany Peter T Jr received an award of 247,642 shares on Sep 18, 2026; now holds 379,131
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Sep 18, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
Sep 17, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Fletcher Derek L. bought 4,717 shares at $1.06 (≈$5.00K) on Sep 15, 2026; now holds 5,336
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Sep 17, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Cangany Peter T Jr bought 18,868 shares at $1.06 (≈$20.00K) on Sep 15, 2026; now holds 98,529
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Sep 16, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 3.02 — Sold unregistered shares.
Aug 14, 2026 · Form 10-Q — Quarterly report
Quarterly report (unaudited financial statements for the quarter)
Quarter ended Jun 30, 2026:
- Revenue: $12.16M (prior year -$12.62M) (swung to profit vs Jun 30, 2025)
- Net income: -$6.78M (prior year -$65.08M) (loss narrowed vs Jun 30, 2025)
Aug 14, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 2.02 — Reported results of operations (earnings release).
This is a results-day filing: the earnings press release is attached as an exhibit.
Things to know before you trade BENFW
- Last results release: Aug 14, 2026 (8-K Item 2.02). Previous ones: Jun 29, 2026, Feb 17, 2026, Nov 14, 2025. Based on that rhythm, the next report is likely around Nov 13, 2026 — an estimate, not a confirmed date.
- How much it moves: over the last 20 sessions the average daily move was 6.74% (largest 6.7%). That is a volatile stock.
- Liquidity: about 7.68K shares (≈$64) trade per day on average. Thin volume can mean wider bid/ask spreads.
- 52-week position: $0.01 vs a range of $0.01–$0.01 (7% of the range).
- Dividends: no cash dividends in the last 2 years.
- Splits: none in the last 2 years.
- Insider trades (Form 4, last 12 months, recent 25 shown): 12 open-market buys, 0 sales; latest: Derek L. Fletcher bought 4,717 shares on Sep 15, 2026.
- Latest filings: 8-K Oct 14, 2026; 8-K Sep 23, 2026; 8-K Sep 18, 2026.
- Listing: Nasdaq · industry: Finance Services.
BENFW market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 19, 2026 | 0.01 | 0.01 | 0.01 | 0.01 | 4.38K |
| Oct 16, 2026 | 0.01 | 0.01 | 0.01 | 0.01 | 10.98K |
About Beneficient
Beneficient (BENFW) is listed on the Nasdaq and classified by the SEC under “Finance Services”. Its business address is in DALLAS, TX. State of incorporation: NV. Fiscal year ends March 31. SEC CIK 1775734.
BENFW board of directors & executives
From SEC Form 3/4/5 insider filings made in the last 12 months (date = latest filing).
Directors
| Name | Role | Latest filing |
|---|---|---|
| Peter T Jr Cangany | Director | Sep 22, 2026 |
| Derek L. Fletcher | See Remarks | Sep 17, 2026 |
| Mack H. Hicks | Director | Sep 22, 2026 |
| Bruce William Schnitzer | Director | Sep 22, 2026 |
| Karen Wendel | Director | Sep 22, 2026 |
Executive officers
| Name | Title | Latest filing |
|---|---|---|
| Derek L. Fletcher | See Remarks | Sep 17, 2026 |
| James G. Silk | Chief Executive Officer | Sep 17, 2026 |
Recent insider buys & sales
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Sep 15, 2026 | Derek L. Fletcher | Buy | 4,717 | $1.06 |
| Sep 15, 2026 | Derek L. Fletcher | Buy | 4,717 | $1.06 |
| Sep 15, 2026 | Derek L. Fletcher | Buy | 4,717 | $1.06 |
| Sep 15, 2026 | Derek L. Fletcher | Buy | 4,717 | $1.06 |
| Sep 15, 2026 | James G. Silk | Buy | 9,434 | $1.06 |
| Sep 15, 2026 | James G. Silk | Buy | 9,434 | $1.06 |
| Sep 15, 2026 | James G. Silk | Buy | 9,434 | $1.06 |
| Sep 15, 2026 | James G. Silk | Buy | 9,434 | $1.06 |
| Sep 15, 2026 | Peter T Jr Cangany | Buy | 18,868 | $1.06 |
| Sep 15, 2026 | Peter T Jr Cangany | Buy | 18,868 | $1.06 |
| Sep 15, 2026 | Peter T Jr Cangany | Buy | 18,868 | $1.06 |
| Sep 15, 2026 | Peter T Jr Cangany | Buy | 18,868 | $1.06 |
BENFW financials (annual, from XBRL filings)
| Fiscal year end | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| Mar 31, 2026 | $-39.12M | $-87.43M | — | $-38.72M |
| Mar 31, 2025 | $-7.94M | $51.16M | — | $-37.70M |
| Mar 31, 2024 | $-98.70M | $-2.10B | — | $-58.22M |
| Mar 31, 2023 | $-104.90M | $-130.98M | -1.94 | $-95.12M |
| Dec 31, 2021 | $55.31M | $-63.01M | -1.84 | $-57.00M |
Latest balance sheet: total assets $250.94M, total liabilities $344.50M, cash $5.58M (as of Jun 30, 2026).
BENFW earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| Aug 14, 2026 | 8-K Item 2.02 (results) | — |
| Jun 29, 2026 | 8-K Item 2.02 (results) | — |
| Feb 17, 2026 | 8-K Item 2.02 (results) | — |
| Nov 14, 2025 | 8-K Item 2.02 (results) | — |
| Oct 20, 2025 | 8-K Item 2.02 (results) | — |
| Sep 29, 2025 | 8-K Item 2.02 (results) | — |
| Feb 13, 2025 | 8-K Item 2.02 (results) | — |
| Aug 14, 2024 | 8-K Item 2.02 (results) | — |
| Jul 9, 2024 | 8-K Item 2.02 (results) | — |
| Feb 13, 2024 | 8-K Item 2.02 (results) | — |
| Nov 13, 2023 | 8-K Item 2.02 (results) | — |
| Oct 20, 2023 | 8-K Item 2.02 (results) | — |
Related stocks · Finance Services
Strategy (MSTR)Iren (IREN)Coinbase Global (COIN)Nu (NU)American Express (AXP)Circle Internet (CRCL)Bitmine Immersion Technologies (BMNR)SoFi Technologies (SOFI)Cipher Digital (CIFR)Hut 8 (HUT)
Popular today
Spdr S&P 500 Etf (SPY)Micron Technology (MU)Nvidia (NVDA)Meta Platforms (META)Sandisk (SNDK)Space Exploration Technologies (SPCX)Tesla (TSLA)Apple (AAPL)AMD (AMD)Microsoft (MSFT)Intel (INTC)Amazon (AMZN)
More on BENFW
Information only, not investment advice. BuyMeWhiskey is not a registered investment adviser or broker-dealer; nothing here is a recommendation to buy, sell or hold any security, and there are no price targets. Data comes from SEC EDGAR filings and public end-of-day market data and may be delayed or contain errors. Verify with the company's filings before making decisions. Prices: end-of-day data as of Oct 19, 2026, 4:00 PM ET. Filings: SEC EDGAR. Refreshed every 2 hours during US market hours.