Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

Research Coverage on Small and Micro-Cap Companies

Equity Bottom-Up

<ul><li>Key F2Q26 takeaways include: 1) from a strategic standpoint, marketing/new originations initiatives likely focus more on HNW individuals versus larger institutional investors, with ongoing efforts to broaden the franchise into adjacent markets and increasingly leveraging in-house technology 2) key financial priorities include optimizing revenue generation to the benefit of public company shareholders and further streamlining the operating model and balance sheet 3) in light of sluggish monetizations, realizations, and distributions across Customer ExAlt Trusts, management more recently instituted an Asset Sales Initiative generating $46.4 million of gross proceeds thus far in F2026 and 4) BENF's interim CEO and Chairman recently converted 101.3 million preferred units ($52.6 million) into Class A common stock, thereby meaningfully enhancing shareholder alignment and bringing the company back in compliance with Nasdaq listing requirements.</li></ul>

Key F2Q26 takeaways include: 1) from a strategic standpoint, marketing/new originations initiatives likely focus more on HNW individuals versus larger institutional investors, with ongoing efforts to broaden the franchise into adjacent markets and increasingly leveraging in-house technology 2) key financial priorities include optimizing revenue generation to the benefit of public company shareholders and further streamlining the operating model and balance sheet 3) in light of sluggish monetizations, realizations, and distributions across Customer ExAlt Trusts, management more recently instituted an Asset Sales Initiative generating $46.4 million of gross proceeds thus far in F2026 and 4) BENF's interim CEO and Chairman recently converted 101.3 million preferred units ($52.6 million) into Class A common stock, thereby meaningfully enhancing shareholder alignment and bringing the company back in compliance with Nasdaq listing requirements.

Beneficient

BENF: F2Q26 Post-Earnings Recap