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Side-by-side financial comparison of Beneficient (BENF) and Maison Solutions Inc. (MSS). Click either name above to swap in a different company.

Maison Solutions Inc. is the larger business by last-quarter revenue ($27.6M vs $18.7M, roughly 1.5× Beneficient). Beneficient runs the higher net margin — 106.7% vs -18.0%, a 124.6% gap on every dollar of revenue. On growth, Beneficient posted the faster year-over-year revenue change (322.5% vs -10.9%).

Beneficient is a financial services firm specializing in alternative asset liquidity solutions. It offers tailored options for holders of illiquid alternative investments including private equity, hedge fund stakes, and real assets, serving institutional investors, high-net-worth individuals, and family offices primarily in North America.

Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.

BENF vs MSS — Head-to-Head

Bigger by revenue
MSS
MSS
1.5× larger
MSS
$27.6M
$18.7M
BENF
Growing faster (revenue YoY)
BENF
BENF
+333.4% gap
BENF
322.5%
-10.9%
MSS
Higher net margin
BENF
BENF
124.6% more per $
BENF
106.7%
-18.0%
MSS

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
BENF
BENF
MSS
MSS
Revenue
$18.7M
$27.6M
Net Profit
$19.9M
$-5.0M
Gross Margin
23.4%
Operating Margin
21.1%
-4.9%
Net Margin
106.7%
-18.0%
Revenue YoY
322.5%
-10.9%
Net Profit YoY
330.5%
-1840.5%
EPS (diluted)
$-0.23

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BENF
BENF
MSS
MSS
Q4 25
$18.7M
$27.6M
Q3 25
$-2.8M
$27.2M
Q2 25
$-12.6M
$34.4M
Q1 25
$-31.0M
$32.3M
Q4 24
$4.4M
$29.4M
Q3 24
$8.6M
$28.2M
Q2 24
$10.0M
$16.9M
Q1 24
$13.6M
Net Profit
BENF
BENF
MSS
MSS
Q4 25
$19.9M
$-5.0M
Q3 25
$-17.9M
$-1.5M
Q2 25
$-92.6M
$-287.4K
Q1 25
$-44.6M
$1.0M
Q4 24
$-8.6M
$-256.0K
Q3 24
$9.7M
$700.9K
Q2 24
$44.3M
$-2.8M
Q1 24
$-549.0K
Gross Margin
BENF
BENF
MSS
MSS
Q4 25
23.4%
Q3 25
24.1%
Q2 25
9.5%
Q1 25
21.8%
Q4 24
26.9%
Q3 24
28.9%
Q2 24
13.0%
Q1 24
23.4%
Operating Margin
BENF
BENF
MSS
MSS
Q4 25
21.1%
-4.9%
Q3 25
646.5%
0.7%
Q2 25
734.0%
-15.9%
Q1 25
146.3%
3.7%
Q4 24
-215.3%
3.2%
Q3 24
-160.2%
7.3%
Q2 24
-14.4%
Q1 24
-2.3%
Net Margin
BENF
BENF
MSS
MSS
Q4 25
106.7%
-18.0%
Q3 25
648.1%
-5.7%
Q2 25
734.0%
-0.8%
Q1 25
144.1%
3.1%
Q4 24
-195.5%
-0.9%
Q3 24
113.9%
2.5%
Q2 24
441.1%
-16.4%
Q1 24
-4.0%
EPS (diluted)
BENF
BENF
MSS
MSS
Q4 25
$-0.23
Q3 25
$-0.08
Q2 25
$-0.02
Q1 25
$0.06
Q4 24
$-0.01
Q3 24
$0.04
Q2 24
$-0.16
Q1 24
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BENF
BENF
MSS
MSS
Cash + ST InvestmentsLiquidity on hand
$7.9M
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$-128.6M
$11.6M
Total Assets
$337.9M
$75.4M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BENF
BENF
MSS
MSS
Q4 25
$7.9M
Q3 25
$4.9M
$1.1M
Q2 25
$7.6M
$775.4K
Q1 25
$1.3M
$445.4K
Q4 24
$4.1M
$355.7K
Q3 24
$4.5M
$588.9K
Q2 24
$4.4M
$2.1M
Q1 24
$9.4M
Total Debt
BENF
BENF
MSS
MSS
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$2.6M
Q1 25
Q4 24
Q3 24
$2.5M
Q2 24
$2.6M
Q1 24
$2.6M
Stockholders' Equity
BENF
BENF
MSS
MSS
Q4 25
$-128.6M
$11.6M
Q3 25
$-142.8M
$10.1M
Q2 25
$-120.4M
$11.7M
Q1 25
$-34.9M
$12.0M
Q4 24
$14.3M
$10.9M
Q3 24
$-13.2M
$11.2M
Q2 24
$-148.3M
$10.5M
Q1 24
$13.3M
Total Assets
BENF
BENF
MSS
MSS
Q4 25
$337.9M
$75.4M
Q3 25
$316.2M
$73.3M
Q2 25
$334.5M
$77.4M
Q1 25
$354.9M
$82.7M
Q4 24
$400.0M
$82.7M
Q3 24
$368.8M
$82.1M
Q2 24
$361.3M
$82.4M
Q1 24
$44.2M
Debt / Equity
BENF
BENF
MSS
MSS
Q4 25
0.22×
Q3 25
0.26×
Q2 25
0.22×
Q1 25
Q4 24
Q3 24
0.23×
Q2 24
0.24×
Q1 24
0.19×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BENF
BENF
MSS
MSS
Operating Cash FlowLast quarter
$-9.4M
$-1.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.47×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BENF
BENF
MSS
MSS
Q4 25
$-9.4M
$-1.7M
Q3 25
$-14.5M
$1.1M
Q2 25
$-10.8M
$-1.6M
Q1 25
$-37.7M
$1.7M
Q4 24
$-10.0M
$1.1M
Q3 24
$-8.6M
$3.6M
Q2 24
$-10.6M
$-2.6M
Q1 24
$-1.4M
Free Cash Flow
BENF
BENF
MSS
MSS
Q4 25
Q3 25
Q2 25
$-10.9M
Q1 25
$-38.8M
Q4 24
$-10.0M
Q3 24
$-8.9M
Q2 24
$-11.3M
Q1 24
FCF Margin
BENF
BENF
MSS
MSS
Q4 25
Q3 25
Q2 25
86.6%
Q1 25
125.3%
Q4 24
-227.2%
Q3 24
-103.7%
Q2 24
-112.6%
Q1 24
Capex Intensity
BENF
BENF
MSS
MSS
Q4 25
0.0%
Q3 25
0.0%
Q2 25
-0.8%
Q1 25
-3.5%
Q4 24
1.0%
Q3 24
3.1%
Q2 24
6.6%
Q1 24
Cash Conversion
BENF
BENF
MSS
MSS
Q4 25
-0.47×
Q3 25
Q2 25
Q1 25
1.66×
Q4 24
Q3 24
-0.88×
5.12×
Q2 24
-0.24×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BENF
BENF

Ben Liquidity$8.2M44%
Other$7.6M41%
Ben Custody$2.9M16%

MSS
MSS

Perishables$14.4M52%
Nonperishables$13.2M48%

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