XML 30 R19.htm IDEA: XBRL DOCUMENT v3.25.3
Net Income (Loss) per Share
 3 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) per Share Net Income (Loss) per Share
Basic net income (loss) attributable to Beneficient per common share for the three months ended June 30, 2025 and 2024, is as follows:
(Dollars in thousands, except per share amounts)
Three Months Ended June 30,
20252024
Net income (loss)
$(92,648)$44,310 
Plus: Net loss attributable to noncontrolling interests
32,1967,713
Less: Noncontrolling interest guaranteed payment(4,624)(4,356)
Net income (loss) attributable to Beneficient common shareholders
$(65,076)$47,667 
Net income (loss) attributable to Class A common shareholders
(63,355)44,770 
Net income (loss) attributable to Class B common shareholders
(1,721)2,897 
Basic weighted average of common shares outstanding
Class A 8,806,851 3,696,979 
Class B239,256 239,256 
Basic net income (loss) attributable to Beneficient per common share
Class A$(7.19)$12.11 
Class B$(7.19)$12.11 
Diluted net income (loss) attributable to Beneficient per common share for the three months ended June 30, 2024, is as follows:
(Dollars in thousands, except per share amounts)
Three Months Ended June 30,
Diluted income per share
2024
Net income attributable to Beneficient common shareholders - Basic$47,667 
Less: Net loss attributable to noncontrolling interests - Ben
(7,187)
Plus: Noncontrolling interest guaranteed payment4,356 
Net income attributable to Beneficient common shareholders - Diluted
$44,836 
Basic weighted average of common shares outstanding (Class A and Class B)
3,936,235 
Dilutive effect of:
Series B Preferred Stock
165,151 
Class S Ordinary66,982 
Class S Preferred605 
Preferred Series A Subclass 062,093,987 
Preferred Series A Subclass 1199,826,619 
Restricted Stock Units21,118 
Diluted weighted average of common shares outstanding (Class A and Class B)
266,110,697 
Diluted net income attributable to Beneficient per common share (Class A and Class B)
$0.17 
For the quarter ended June 30, 2025, as the Company was in a net loss position, the diluted EPS calculation for the Beneficient common shareholders is the same as basic EPS per common share disclosed above for that period. Diluted EPS for the Class A shareholders is $(7.19) and diluted EPS for the Class B shareholders is $(7.19) for the three months ended June 30, 2025.
In computing diluted net income (loss) per share, we considered potentially dilutive shares. Anti-dilutive shares not recognized in the diluted net loss per share calculation for the three months ended June 30, 2025 and 2024, were as follows:
Shares
Three Months Ended June 30,
20252024
Series B Preferred Stock
34,410,774 — 
Class S Ordinary66,982 — 
Class S Preferred605 — 
Preferred Series A Subclass 0833,557,399 — 
Preferred Series A Subclass 12,682,497,381 — 
Restricted Stock Units1,187,705 129,002 
Stock Options
200,000 — 
Warrants26,025,107 30,874,686 
Total anti-dilutive shares3,577,945,953 31,003,688 
Warrants
The disclosed amount of anti-dilutive securities for the warrants does not consider the assumed proceeds under the treasury stock method as the exercise price was greater than the average market price of the Class A common stock, which results in negative incremental shares, that would be anti-dilutive.