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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2024
Mar. 31, 2024
ASSETS    
Cash and cash equivalents $ 4,149 $ 7,913
Restricted cash 52 64
Investments 334,278 329,119
Other assets, net 48,519 14,699
Intangible assets 3,100 3,100
Goodwill 9,914 13,606
Total assets 400,012 368,501
LIABILITIES, TEMPORARY EQUITY, AND EQUITY (DEFICIT)    
Accounts payable and accrued expenses (related party of $14,294 and $14,143) 149,204 157,157
Other liabilities (related party of $16,798 and $9,740) 22,433 31,727
Warrants liability 648 178
Convertible debt 2,667 0
Debt due to related parties 120,274 120,505
Total liabilities 295,226 309,567
Total temporary equity 90,526 251,052
Shareholder’s equity (deficit):    
Additional paid-in capital 1,843,911 1,848,068
Accumulated deficit (2,007,272) (2,059,214)
Stock receivable 0 (20,038)
Treasury stock, at cost (9 shares as of December 31, 2024 and March 31, 2024) (3,444) (3,444)
Accumulated other comprehensive income 161 276
Noncontrolling interests 180,896 42,231
Total equity (deficit) 14,260 (192,118)
Total liabilities, temporary equity, and equity (deficit) 400,012 368,501
Preferred Series A Subclass 0    
LIABILITIES, TEMPORARY EQUITY, AND EQUITY (DEFICIT)    
Preferred Series A Subclass 0 Redeemable Unit Accounts, nonunitized 90,526 251,052
Series A preferred stock    
Shareholder’s equity (deficit):    
Preferred stock 0 0
Series B preferred stock    
Shareholder’s equity (deficit):    
Preferred stock 0 0
Class A common stock    
Shareholder’s equity (deficit):    
Common stock 8 3
Class B    
Shareholder’s equity (deficit):    
Common stock 0 0
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Investments 334,278 329,113
Beneficient    
ASSETS    
Investments $ 0 $ 6