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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (2,462,606) $ (203,085)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 3,033 2,572
Net amortization of debt premium and discount (related party of $(1,860) and $(4,605)) (1,261) (3,569)
Loss on extinguishment of debt 8,846 0
Loss on impairment of goodwill 2,286,212 0
Loss on financial instruments, net (related party of $64,217 and $63,044) 64,260 56,101
Return on investments in alternative assets held by Customer ExAlt Trusts 0 8,131
Investment income (loss), net (7,935) 30,738
Non cash interest expense (related party of $7,427 and $297) 14,474 8,460
Non cash interest income (338) (258)
Non cash share-based compensation 37,530 8,162
Provision for credit losses 0 20,580
Provision for deferred taxes 0 (1,072)
Write-off of deferred financing costs for equity 0 1,653
Changes in assets and liabilities:    
Changes in other assets 978 (8,554)
Changes in accounts payable and accrued expenses 4,440 6,722
Changes in other liabilities and deferred revenue 2,797 (332)
Net cash used in operating activities (49,570) (73,751)
Cash flows from investing activities:    
Return of investments in alternative assets held by Customer ExAlt Trusts 38,371 45,350
Purchase of investments in alternative assets held by Customer ExAlt Trusts (1,272) (511)
Purchase of premises and equipment (1,330) (1,629)
Proceeds from sale of put options by Ben 968 0
Purchase of put options by Ben 0 (7,451)
Net cash provided by investing activities 36,737 35,759
Cash flows from financing activities:    
Proceeds from debt financings 25,000 0
Payments on Customer ExAlt Trust loan payable (6,780) (11,302)
Proceeds received from issuance of Class A common under equity purchase agreement 681 0
Payment of deferred financing costs for debt (1,585) 0
Payment of deferred financing costs for equity (5,685) (2,500)
Distribution to noncontrolling interest (269) (131)
Payment of employee income taxes on restricted equity units (116) (1,085)
Proceeds from de-SPAC merger 24,761 0
Payment for prepaid forward purchase agreement (20,038) 0
Payments on debt due to related parties 0 (750)
Net cash provided by (used in) financing activities 14,556 (22,760)
Net increase (decrease) in cash, cash equivalents, and restricted cash 1,723 (60,752)
Cash, cash equivalents, and restricted cash at beginning of period 9,545 76,105
Cash, cash equivalents, and restricted cash at end of period 11,268 15,353
Preferred Series B Subclass 2    
Cash flows from financing activities:    
Redemption of Preferred Unit Accounts (1,413) (3,199)
Preferred Series A Subclass 1    
Cash flows from financing activities:    
Redemption of Preferred Unit Accounts $ 0 $ (3,793)