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Beneficient（BENF）与LIGHTPATH TECHNOLOGIES INC（LPTH）财务数据对比。点击上方公司名可切换其他公司
Beneficient的季度营收约是LIGHTPATH TECHNOLOGIES INC的1.1倍（$18.7M vs $16.4M），Beneficient净利率更高（106.7% vs -57.5%，领先164.2%），Beneficient同比增速更快（322.5% vs 120.2%）
Beneficient是一家专注于另类资产流动性解决方案的金融服务企业，为私募股权、对冲基金份额、实物资产等非流动资产持有者提供定制化服务，客户主要涵盖北美地区的机构投资者、高净值人士及家族办公室。
LightPath Technologies Inc是一家精密光学组件及组件生产商，主营非球面透镜、红外光学器件、光纤产品等，服务工业自动化、航空航天、国防、医疗成像、电信等领域的全球客户，提供标准及定制化光学解决方案。
BENF vs LPTH — 直观对比
营收规模更大
BENF
是对方的1.1倍
$16.4M
营收增速更快
BENF
高出202.3%
120.2%
净利率更高
BENF
高出164.2%
-57.5%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.7M | $16.4M |
| 净利润 | $19.9M | $-9.4M |
| 毛利率 | — | 36.8% |
| 营业利润率 | 21.1% | -52.6% |
| 净利率 | 106.7% | -57.5% |
| 营收同比 | 322.5% | 120.2% |
| 净利润同比 | 330.5% | -260.1% |
| 每股收益（稀释后） | — | $-0.20 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BENFLPTH
| Q4 25 | $18.7M | $16.4M | ||
| Q3 25 | $-2.8M | $15.1M | ||
| Q2 25 | $-12.6M | $12.2M | ||
| Q1 25 | $-31.0M | $9.2M | ||
| Q4 24 | $4.4M | $7.4M | ||
| Q3 24 | $8.6M | $8.4M | ||
| Q2 24 | $10.0M | $8.6M | ||
| Q1 24 | — | $7.7M |
净利润BENFLPTH
| Q4 25 | $19.9M | $-9.4M | ||
| Q3 25 | $-17.9M | $-2.9M | ||
| Q2 25 | $-92.6M | $-7.1M | ||
| Q1 25 | $-44.6M | $-3.6M | ||
| Q4 24 | $-8.6M | $-2.6M | ||
| Q3 24 | $9.7M | $-1.6M | ||
| Q2 24 | $44.3M | $-2.4M | ||
| Q1 24 | — | $-2.6M |
毛利率BENFLPTH
| Q4 25 | — | 36.8% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 22.0% | ||
| Q1 25 | — | 29.1% | ||
| Q4 24 | — | 26.0% | ||
| Q3 24 | — | 33.9% | ||
| Q2 24 | — | 29.2% | ||
| Q1 24 | — | 20.9% |
营业利润率BENFLPTH
| Q4 25 | 21.1% | -52.6% | ||
| Q3 25 | 646.5% | -16.6% | ||
| Q2 25 | 734.0% | -38.0% | ||
| Q1 25 | 146.3% | -36.3% | ||
| Q4 24 | -215.3% | -33.5% | ||
| Q3 24 | -160.2% | -16.4% | ||
| Q2 24 | — | -25.6% | ||
| Q1 24 | — | -33.6% |
净利率BENFLPTH
| Q4 25 | 106.7% | -57.5% | ||
| Q3 25 | 648.1% | -19.2% | ||
| Q2 25 | 734.0% | -57.8% | ||
| Q1 25 | 144.1% | -39.1% | ||
| Q4 24 | -195.5% | -35.2% | ||
| Q3 24 | 113.9% | -19.3% | ||
| Q2 24 | 441.1% | -27.3% | ||
| Q1 24 | — | -33.7% |
每股收益（稀释后）BENFLPTH
| Q4 25 | — | $-0.20 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $0.19 | ||
| Q1 25 | — | $-0.44 | ||
| Q4 24 | — | $-0.07 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.15 | ||
| Q1 24 | — | $-0.07 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $7.9M | $73.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-128.6M | $77.9M |
| 总资产 | $337.9M | $148.6M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BENFLPTH
| Q4 25 | $7.9M | $73.6M | ||
| Q3 25 | $4.9M | — | ||
| Q2 25 | $7.6M | $4.9M | ||
| Q1 25 | $1.3M | — | ||
| Q4 24 | $4.1M | — | ||
| Q3 24 | $4.5M | — | ||
| Q2 24 | $4.4M | — | ||
| Q1 24 | — | — |
总债务BENFLPTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $535.0K | ||
| Q1 24 | — | $599.4K |
股东权益BENFLPTH
| Q4 25 | $-128.6M | $77.9M | ||
| Q3 25 | $-142.8M | $21.4M | ||
| Q2 25 | $-120.4M | $15.6M | ||
| Q1 25 | $-34.9M | $15.7M | ||
| Q4 24 | $14.3M | $26.7M | ||
| Q3 24 | $-13.2M | $29.4M | ||
| Q2 24 | $-148.3M | $30.2M | ||
| Q1 24 | — | $31.7M |
总资产BENFLPTH
| Q4 25 | $337.9M | $148.6M | ||
| Q3 25 | $316.2M | $87.3M | ||
| Q2 25 | $334.5M | $81.5M | ||
| Q1 25 | $354.9M | $81.4M | ||
| Q4 24 | $400.0M | $45.8M | ||
| Q3 24 | $368.8M | $48.4M | ||
| Q2 24 | $361.3M | $48.1M | ||
| Q1 24 | — | $49.7M |
负债/权益比BENFLPTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | 0.02× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-9.4M | $2.8M |
| 自由现金流经营现金流 - 资本支出 | — | $2.0M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | 0.0% | 5.3% |
| 现金转化率经营现金流/净利润 | -0.47× | — |
| 过去12个月自由现金流最近4个季度 | — | $-6.3M |
8季度趋势，按日历期对齐
经营现金流BENFLPTH
| Q4 25 | $-9.4M | $2.8M | ||
| Q3 25 | $-14.5M | $-1.1M | ||
| Q2 25 | $-10.8M | $-2.6M | ||
| Q1 25 | $-37.7M | $-3.2M | ||
| Q4 24 | $-10.0M | $-737.4K | ||
| Q3 24 | $-8.6M | $-1.7M | ||
| Q2 24 | $-10.6M | $64.7K | ||
| Q1 24 | — | $-394.2K |
自由现金流BENFLPTH
| Q4 25 | — | $2.0M | ||
| Q3 25 | — | $-1.2M | ||
| Q2 25 | $-10.9M | $-3.3M | ||
| Q1 25 | $-38.8M | $-3.7M | ||
| Q4 24 | $-10.0M | $-817.8K | ||
| Q3 24 | $-8.9M | $-1.8M | ||
| Q2 24 | $-11.3M | $-225.5K | ||
| Q1 24 | — | $-802.5K |
自由现金流率BENFLPTH
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | -8.1% | ||
| Q2 25 | 86.6% | -27.3% | ||
| Q1 25 | 125.3% | -40.0% | ||
| Q4 24 | -227.2% | -11.0% | ||
| Q3 24 | -103.7% | -21.2% | ||
| Q2 24 | -112.6% | -2.6% | ||
| Q1 24 | — | -10.4% |
资本支出强度BENFLPTH
| Q4 25 | 0.0% | 5.3% | ||
| Q3 25 | 0.0% | 0.5% | ||
| Q2 25 | -0.8% | 5.6% | ||
| Q1 25 | -3.5% | 4.6% | ||
| Q4 24 | 1.0% | 1.1% | ||
| Q3 24 | 3.1% | 0.9% | ||
| Q2 24 | 6.6% | 3.4% | ||
| Q1 24 | — | 5.3% |
现金转化率BENFLPTH
| Q4 25 | -0.47× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.88× | — | ||
| Q2 24 | -0.24× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BENF
| Ben Liquidity | $8.2M | 44% |
| Other | $7.6M | 41% |
| Ben Custody | $2.9M | 16% |
LPTH
| Other | $7.9M | 48% |
| Infrared Components | $5.0M | 31% |
| Visible Components | $3.4M | 21% |
