Beneficient reported its financial results for the fiscal year ended March 31, 2026, emphasizing progress in addressing legacy issues and strengthening its operational foundation. Key achievements for fiscal year 2026 include resolving the GWG Holdings, Inc. litigation, regaining Nasdaq compliance, generating over $50 million in gross proceeds from asset sales, and fully paying off the principal balance of the HH-BDH Credit Agreement. The company executed over $23 million in new fiduciary financings and established an initial collateral management services relationship. Investments with a fair value of $195.5 million were reported at the end of fiscal 2026, supporting a net loan portfolio of $169.7 million. Operating expenses for fiscal year 2026 were $127.4 million, which included significant non-cash charges and accruals, but adjusted operating expenses (excluding these items) declined 16% year-over-year to $56.4 million. James Silk was officially named CEO, having previously served as Interim CEO since July 2025. The company announced its first engagement to provide collateral management services to a Texas state-chartered bank, expected to generate recurring fee revenue. Beneficient's balance sheet strategy for ExAlt Loan origination utilizes its 'OptimumAlt' model, diversifying fiduciary financings across seven asset classes, over 11 industry sectors, and multiple geographic exposures. As of March 31, 2026, the loan portfolio was supported by a collateral portfolio diversified across approximately 140 private market funds and 400 investments. Ben Liquidity's interest income for the year was $33.4 million, down 21.5%, with an operating loss of $55.7 million. Ben Custody's revenues were $12.7 million for the year, down 40.9%, with an operating income of $8.0 million. As of March 31, 2026, the company had $2.5 million in cash and cash equivalents and $96.8 million in debt.