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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Investment income (loss), net $ (3,162) $ 8,541 $ (15,938) $ 19,569
Gain (loss) on financial instruments, net (related party of $(4), $(173), $(5) and $(538), respectively) 211 (179) 166 (1,362)
Interest and dividend income 10 12 20 24
Trust services and administration revenues (related party of $8, $8, $15 and $15, respectively) 178 187 366 376
Total revenues (2,763) 8,561 (15,386) 18,607
Operating expenses        
Employee compensation and benefits 2,429 7,135 5,760 10,985
Interest expense (related party of $3,140, $3,135, $6,457 and $6,189, respectively) 4,898 4,320 8,313 8,608
Professional services 5,331 7,257 13,288 12,801
Provision for credit losses 0 476 0 1,000
Loss on impairment of goodwill 0 298 0 3,692
Accrual (release) of loss contingency related to arbitration award 0 0 62,831 (54,973)
Other expenses (related party of $714, $694, $1,428 and $1,388, respectively) 2,443 2,790 4,934 5,871
Total operating expenses 15,101 22,276 95,126 (12,016)
Operating income (loss) (17,864) (13,715) (110,512) 30,623
(Gain) loss on liability resolution 0 (23,462) 0 (23,462)
Net income (loss) before income taxes (17,864) 9,747 (110,512) 54,085
Income tax expense 43 0 43 28
Net income (loss) (17,907) 9,747 (110,555) 54,057
Plus: Net loss attributable to noncontrolling interests 18,971 7,590 51,167 15,303
Less: Noncontrolling interest guaranteed payment (4,693) (4,423) (9,317) (8,779)
Net income (loss) attributable to Beneficient common shareholders (3,629) 12,914 (68,705) 60,581
Other comprehensive income (loss):        
Unrealized gain (loss) on investments in available-for-sale debt securities 92 26 92 5
Total comprehensive income (loss) (3,537) 12,940 (68,613) 60,586
Less: Comprehensive gain (loss) attributable to noncontrolling interests 92 26 92 5
Total comprehensive income (loss) attributable to Beneficient (3,629) 12,914 (68,705) 60,581
Related Party        
Revenues        
Gain (loss) on financial instruments, net (related party of $(4), $(173), $(5) and $(538), respectively) 4 173 5 538
Trust services and administration revenues (related party of $8, $8, $15 and $15, respectively) 8 8 15 15
Operating expenses        
Interest expense (related party of $3,140, $3,135, $6,457 and $6,189, respectively) 3,140 3,135 6,457 6,189
Other expenses (related party of $714, $694, $1,428 and $1,388, respectively) 714 694 1,428 1,388
Class A        
Operating expenses        
Net income (loss) attributable to Beneficient common shareholders $ (3,539) $ 12,270 $ (66,950) $ 57,040
Net income (loss) per common share        
Net income (loss) per common share - basic (in dollars per share) $ (0.37) $ 2.98 $ (7.33) $ 14.58
Net income (loss) per common share - diluted (in dollars per share) $ (0.37) $ 0.03 $ (7.33) $ 0.18
Class B        
Operating expenses        
Net income (loss) attributable to Beneficient common shareholders $ (90) $ 644 $ (1,755) $ 3,541
Net income (loss) per common share        
Net income (loss) per common share - basic (in dollars per share) $ (0.37) $ 2.69 $ (7.33) $ 14.80
Net income (loss) per common share - diluted (in dollars per share) $ (0.37) $ 0.03 $ (7.33) $ 0.18
Variable Interest Entity, Primary Beneficiary        
Operating expenses        
Plus: Net loss attributable to noncontrolling interests $ 9,780 $ 4,523 $ 25,992 $ 5,049
Consolidated Entity, Excluding Consolidated VIE        
Operating expenses        
Plus: Net loss attributable to noncontrolling interests $ 9,191 $ 3,067 $ 25,175 $ 10,254