Photography has been increasingly used in qualitative research. However, little is known about the benefits of photography-based research from the perspective of the research participants. This article aims to investigate the views of a group of fifteen mental health service users on the therapeutic benefits and limitations of photography as a research method. For this purpose, visual and textual data from four weekly photography workshops, photo-elicitation interviews, and a reflection and feedback group were thematically analysed. Four overarching themes were identified in support of the therapeutic value of photography: (1) forging social companionship and camaraderie, (2) intra-personal reflection and self-awareness, (3) connection with nature, and (4) photography as an occupation. Therapeutic limitations and challenges of photography as a research method are also discussed. The findings of this study may be applicable beyond the area of mental health and contribute to enhancing the ethical principle of beneficence in research by creating opportunities for personal growth and wellbeing for research participants involved in photography-based studies.