Beneficient
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
BENF$0.70+3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Financial Condition
| September 30, 2024 | March 31, 2024 | |
|---|---|---|
| (Dollars and shares in thousands) · (unaudited) | ||
| ASSETS | ||
| Cash and cash equivalents | $4,482 | $7,913 |
| Restricted cash | 314 | 64 |
| Investments, at fair value: | ||
| Investments held by Customer ExAlt Trusts (related party of $20 and $552) | 334,987 | 329,113 |
| Investments held by Ben (related party of nil and $6) | — | 6 |
| Other assets, net | 15,991 | 14,699 |
| Intangible assets | 3,100 | 3,100 |
| Goodwill | 9,914 | 13,606 |
| Total assets | $368,788 | $368,501 |
| LIABILITIES, TEMPORARY EQUITY, AND EQUITY (DEFICIT) | ||
| Accounts payable and accrued expenses (related party of $13,921 and $14,143) | $112,494 | $157,157 |
| Other liabilities (related party of $14,306 and $9,740) | 19,123 | 31,727 |
| Warrants liability | 784 | 178 |
| Convertible debt | 1,936 | — |
| Debt due to related parties | 122,117 | 120,505 |
| Total liabilities | 256,454 | 309,567 |
| Redeemable noncontrolling interests | ||
| Preferred Series A Subclass 0 Redeemable Unit Accounts, nonunitized | 125,526 | 251,052 |
| Total temporary equity | 125,526 | 251,052 |
| Shareholder’s equity (deficit): | ||
| Preferred stock, par value $0.001 per share, 250,000 shares authorized | ||
| Series A preferred stock, 0 and 0 shares issued and outstanding as of September 30, 2024 and March 31, 2024 | — | — |
| Series B preferred stock, 227 and 227 shares issued and outstanding as of September 30, 2024 and March 31, 2024 | — | — |
| Class A common stock, par value $0.001 per share, 18,750 shares authorized, 4,580 and 3,348 shares issued as of September 30, 2024 and March 31, 2024, respectively, and 4,573 and 3,339 shares outstanding as of September 30, 2024 and March 31, 2024, respectively | 5 | 3 |
| Class B convertible common stock, par value $0.001 per share, 250 shares authorized, 239 and 239 shares issued and outstanding as of September 30, 2024 and March 31, 2024 | — | — |
| Additional paid-in capital | 1,836,492 | 1,848,068 |
| Accumulated deficit | (1,998,633) | (2,059,214) |
| Stock receivable | — | (20,038) |
| Treasury stock, at cost (9 shares as of September 30, 2024 and March 31, 2024) | (3,444) | (3,444) |
| Accumulated other comprehensive income | 281 | 276 |
| Noncontrolling interests | 152,107 | 42,231 |
| Total equity (deficit) | (13,192) | (192,118) |
| Total liabilities, temporary equity, and equity (deficit) | $368,788 | $368,501 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.