XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Revenues    
Investment income (loss), net $ (12,776) $ 11,028
Gain (loss) on financial instruments, net (related party of $(1) and $(365)) (45) (1,183)
Interest and dividend income 10 12
Trust services and administration revenues (related party of $8 and $8) 188 189
Total revenues (12,623) 10,046
Operating expenses    
Employee compensation and benefits 3,331 3,850
Interest expense (related party of $3,317 and $3,054) 3,415 4,288
Professional services 7,957 5,544
Provision for credit losses 0 524
Loss on impairment of goodwill 0 3,394
Accrual (release) of loss contingency related to arbitration award 62,831 (54,973)
Other expenses (related party of $628 and $694) 2,491 3,081
Total operating expenses 80,025 (34,292)
Net income (loss) before income taxes (92,648) 44,338
Income tax expense 0 28
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
Other comprehensive income (loss):    
Unrealized gain (loss) on available-for-sale debt securities 0 (21)
Total comprehensive income (loss) (65,076) 47,646
Less: Comprehensive (loss) gain attributable to noncontrolling interests 0 (21)
Total comprehensive income (loss) attributable to Beneficient (65,076) 47,667
Related Party    
Revenues    
Gain (loss) on financial instruments, net (related party of $(1) and $(365)) 1 365
Trust services and administration revenues (related party of $8 and $8) 8 8
Operating expenses    
Interest expense (related party of $3,317 and $3,054) 3,317 3,054
Other expenses (related party of $628 and $694) 628 694
Class A    
Operating expenses    
Net income (loss) attributable to Beneficient common shareholders $ (63,355) $ 44,770
Net income (loss) per common share    
Net income (loss) per common share - basic (in dollars per share) $ (7.19) $ 12.11
Net income (loss) per common share - diluted (in dollars per share) $ (7.19) $ 0.17
Class B    
Operating expenses    
Net income (loss) attributable to Beneficient common shareholders $ (1,721) $ 2,897
Net income (loss) per common share    
Net income (loss) per common share - basic (in dollars per share) $ (7.19) $ 12.11
Net income (loss) per common share - diluted (in dollars per share) $ (7.19) $ 0.17
Variable Interest Entity, Primary Beneficiary    
Operating expenses    
Plus: Net loss attributable to noncontrolling interests $ 16,212 $ 526
Consolidated Entity, Excluding Consolidated VIE    
Operating expenses    
Plus: Net loss attributable to noncontrolling interests $ 15,984 $ 7,187