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Net Income (Loss) per Share (Tables)

3 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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,
			2025						2024
Net income (loss)			$	(92,648)					$	44,310
Plus: Net loss attributable to noncontrolling interests			32,196						7,713
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 B			239,256						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 payment									4,356
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 Ordinary									66,982
Class S Preferred									605
Preferred Series A Subclass 0									62,093,987
Preferred Series A Subclass 1									199,826,619
Restricted Stock Units									21,118
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

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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,
			2025						2024
Series B Preferred Stock			34,410,774						—
Class S Ordinary			66,982						—
Class S Preferred			605						—
Preferred Series A Subclass 0			833,557,399						—
Preferred Series A Subclass 1			2,682,497,381						—
Restricted Stock Units			1,187,705						129,002
Stock Options			200,000						—
Warrants			26,025,107						30,874,686
Total anti-dilutive shares			3,577,945,953						31,003,688

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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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