Beneficient
For the period ended Mar 31, 2025. Filed Sep 29, 2025.
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FY2025 · Filed Sep 29, 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
| As of | ||
|---|---|---|
| March 31, 2025 | March 31, 2024 | |
| (Dollars and shares in thousands) | ||
| ASSETS | ||
| Cash and cash equivalents | $1,346 | $7,913 |
| Restricted cash | — | 64 |
| Investments, at fair value: | ||
| Investments held by Customer ExAlt Trusts (related party of $5 and $552) | 291,371 | 329,113 |
| Investments held by Ben (related party of nil and $6) | — | 6 |
| Other assets, net (related party of $404 and $277) | 49,144 | 14,699 |
| Intangible assets | 3,100 | 3,100 |
| Goodwill | 9,914 | 13,606 |
| Total assets | $354,875 | $368,501 |
| LIABILITIES, TEMPORARY EQUITY, AND EQUITY (DEFICIT) | ||
| Accounts payable and accrued expenses (related party of $14,733 and $14,143) | $156,770 | $157,157 |
| Other liabilities (related party of $19,360 and $9,740) | 24,381 | 31,727 |
| Warrants liability | 227 | 178 |
| Debt due to related parties | 117,896 | 120,505 |
| Total liabilities | 299,274 | 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 |
| Shareholders’ 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 March 31, 2025 and 2024 | — | — |
| Series B preferred stock, 363 and 227 shares issued and outstanding as of March 31, 2025 and 2024, respectively | — | — |
| Class A common stock, par value $0.001 per share, 5,000,000 and 18,750(1) shares authorized as of March 31, 2025 and 2024, respectively, 8,483 and 3,348 shares issued as of March 31, 2025 and 2024, respectively, and 8,474 and 3,339 shares outstanding as of March 31, 2025 and 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 March 31, 2025 and 2024 | — | — |
| Additional paid-in capital | 1,844,489 | 1,848,068 |
| Accumulated deficit | (2,008,052) | (2,059,214) |
| Stock receivable | — | (20,038) |
| Treasury stock, at cost (9 shares as of March 31, 2025 and 2024) | (3,444) | (3,444) |
| Noncontrolling interests | 132,076 | 42,231 |
| Accumulated other comprehensive income (loss) | (2) | 276 |
| Total equity (deficit) | (34,925) | (192,118) |
| Total liabilities, temporary equity, and equity (deficit) | $354,875 | $368,501 |
(1) Number has been adjusted to reflect the 1-for-80 reverse stock split on April 18, 2024. See Note 1 - Summary of Significant Accounting Policies - Reverse Stock Split, for additional information.
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