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Net Loss per Share (Tables)

9 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted net income (loss) attributable to Beneficient per common share for the three and nine months ended December 31, 2023 and 2022, are as follows:

(Dollars in thousands)			Three Months Ended December 31,												Nine Months Ended December 31,
			2023						2022						2023						2022
Net loss			$	(924,872)					$	(42,850)					$	(2,462,606)					$	(203,085)
Less: Net (income) loss attributable to noncontrolling interests			386,935						9,945						445,683						118,843
Less: Noncontrolling interest guaranteed payment			(4,229)						(3,984)						(12,501)						(11,778)
Net loss attributable to Beneficient common shareholders			$	(542,166)					$	(36,889)					$	(2,029,424)					$	(96,020)
Net loss attributable to Class A common shareholders			(504,615)						(33,347)						(1,888,863)						(86,799)
Net loss attributable to Class B common shareholders			(37,551)						(3,542)						(140,561)						(9,221)
Weighted average of common shares outstanding - basic and diluted
Class A			254,923,039						180,178,268						226,105,978						180,178,268
Class B			19,140,451						19,140,451						19,140,451						19,140,451
Net loss attributable to Beneficient per common share - Basic and Diluted
Class A			$	(1.98)					$	(0.19)					$	(8.35)					$	(0.48)
Class B			$	(1.96)					$	(0.19)					$	(7.34)					$	(0.48)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

In computing diluted net loss per share, we considered potentially dilutive shares. Anti-dilutive shares not recognized in the diluted net loss per share calculation for the three and nine months ended December 31, 2023 and 2022, were as follows:

			Shares												Shares
			Three Months Ended December 31,												Nine Months Ended December 31,
			2023						2022						2023						2022
Preferred Series B-1			225,095						—						460,215						—
Class S Ordinary			5,358,597						5,835,934						5,409,349						5,859,610
Class S Preferred			48,403						105,168						48,403						108,494
Preferred Series A Subclass 0			164,367,001						19,796,120						38,140,683						19,795,957
Preferred Series A Subclass 1			528,954,636						63,706,518						126,357,936						63,786,330
Preferred Series C Subclass 1			—						16,068,912						8,087,485						16,068,912
Restricted Stock Units			1,346,254						8,379,483						8,429,346						8,430,027
Warrants			30,874,686						—						26,771,105						—
Total anti-dilutive shares			731,174,672						113,892,135						213,704,522						114,049,330

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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