Beneficient
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
View on SEC.govAbout this filing
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.
Dec 31, 2024 · Filed Feb 14, 2025
BENF$0.70+3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Financial Condition
| December 31, 2024 | March 31, 2024 | |
|---|---|---|
| (Dollars and shares in thousands) · (unaudited) | ||
| ASSETS | ||
| Cash and cash equivalents | $4,149 | $7,913 |
| Restricted cash | 52 | 64 |
| Investments, at fair value: | ||
| Investments held by Customer ExAlt Trusts (related party of $12 and $552) | 334,278 | 329,113 |
| Investments held by Ben (related party of nil and $6) | — | 6 |
| Other assets, net | 48,519 | 14,699 |
| Intangible assets | 3,100 | 3,100 |
| Goodwill | 9,914 | 13,606 |
| Total assets | $400,012 | $368,501 |
| LIABILITIES, TEMPORARY EQUITY, AND EQUITY (DEFICIT) | ||
| Accounts payable and accrued expenses (related party of $14,294 and $14,143) | $149,204 | $157,157 |
| Other liabilities (related party of $16,798 and $9,740) | 22,433 | 31,727 |
| Warrants liability | 648 | 178 |
| Convertible debt | 2,667 | — |
| Debt due to related parties | 120,274 | 120,505 |
| Total liabilities | 295,226 | 309,567 |
| Redeemable noncontrolling interests | ||
| Preferred Series A Subclass 0 Redeemable Unit Accounts, nonunitized | 90,526 | 251,052 |
| Total temporary equity | 90,526 | 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 December 31, 2024 and March 31, 2024 | — | — |
| Series B preferred stock, 363 and 227 shares issued and outstanding as of December 31, 2024 and March 31, 2024 | — | — |
| Class A common stock, par value $0.001 per share, 5,000,000 and 18,750(1) shares authorized as of December 31, 2024 and March 31, 2024, respectively, 8,246 and 3,348 shares issued as of December 31, 2024 and March 31, 2024, respectively, and 8,237 and 3,339 shares outstanding as of December 31, 2024 and March 31, 2024, respectively | 8 | 3 |
| Class B convertible common stock, par value $0.001 per share, 250(1) shares authorized, 239 and 239 shares issued and outstanding as of December 31, 2024 and March 31, 2024 | — | — |
| Additional paid-in capital | 1,843,911 | 1,848,068 |
| Accumulated deficit | (2,007,272) | (2,059,214) |
| Stock receivable | — | (20,038) |
| Treasury stock, at cost (9 shares as of December 31, 2024 and March 31, 2024) | (3,444) | (3,444) |
| Accumulated other comprehensive income | 161 | 276 |
| Noncontrolling interests | 180,896 | 42,231 |
| Total equity (deficit) | 14,260 | (192,118) |
| Total liabilities, temporary equity, and equity (deficit) | $400,012 | $368,501 |
(1) Number has been adjusted to reflect 1-for-80 reverse stock split on April 18, 2024. See Note 1 – Overview of Business – Reverse Stock Split, for additional information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.