Beneficient
For the period ended Jun 30, 2025. Filed Oct 20, 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.
Jun 30, 2025 · Filed Oct 20, 2025
BENF$0.68-4.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Equity (Deficit)
For the three months ended June 30, 2025 and 2024:
| Series A preferred stock · Series B preferred stock · Class A common stock · Class B common stock · APIC · Accumulated Deficit · Stock Receivable · Treasury Stock · Accumulated Other Comprehensive Income (Loss) · Noncontrolling interests (Note 10) · Total equity · Redeemable noncontrolling interests | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Dollars and units in thousands) · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||||||||
| Balance, March 31, 2025 | — | $— | 363 | $— | 8,483 | $8 | 239 | $— | $1,844,489 | $(2,008,052) | $— | $(3,444) | $(2) | $132,076 | $(34,925) | $90,526 |
| Net income (loss) | — | — | — | — | — | — | — | — | — | (65,076) | — | — | — | (29,239) | (94,315) | 1,667 |
| Reclass of distributions payable to noncontrolling interest holder | — | — | — | — | — | — | — | — | — | — | — | — | — | (921) | (921) | — |
| Recognition of share-based compensation cost | — | — | — | — | — | — | — | — | 461 | — | — | — | — | — | 461 | — |
| Issuance of shares in connection with standby equity purchase agreement | — | — | — | — | 942 | 1 | — | — | 270 | — | — | — | — | — | 271 | — |
| Preferred A-0 Unit Accounts guaranteed payment accrual | — | — | — | — | — | — | — | — | — | — | — | — | — | (2,957) | (2,957) | (1,667) |
| Miscellaneous adjustment to previously allocated FLP Subclass 3 income | — | — | — | — | — | — | — | — | — | — | — | — | — | 189 | 189 | — |
| Issuance of equity in connection with recent financings | — | — | 1,180 | 2 | — | — | — | — | 11,503 | — | — | — | — | 295 | 11,800 | — |
| Balance, June 30, 2025 | — | $— | 1,543 | $2 | 9,425 | $9 | 239 | $— | $1,856,723 | $(2,073,128) | $— | $(3,444) | $(2) | $99,443 | $(120,397) | $90,526 |
| Series A preferred stock · Series B preferred stock · Class A common stock · Class B common stock · APIC · Accumulated Deficit · Stock Receivable · Treasury Stock · Accumulated Other Comprehensive Income (Loss) · Noncontrolling interests (Note 10) · Total equity · Redeemable noncontrolling interests | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Dollars and units in thousands) · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||||||||
| Balance, March 31, 2024 | — | $— | 227 | $— | 3,348 | $3 | 239 | $— | $1,848,068 | $(2,059,214) | $(20,038) | $(3,444) | $276 | $42,231 | $(192,118) | $251,052 |
| Net income (loss) | — | — | — | — | — | — | — | — | — | 47,667 | — | — | — | (7,713) | 39,954 | 4,356 |
| Reclass of distributions payable to noncontrolling interest holder | — | — | — | — | — | — | — | — | — | — | — | — | — | (225) | (225) | — |
| Recognition of share-based compensation cost | — | — | — | — | — | — | — | — | 994 | — | — | — | — | — | 994 | — |
| Issuance of shares in connection with standby equity purchase agreement | — | — | — | — | 449 | 1 | — | — | 2,554 | — | — | — | — | — | 2,555 | — |
| Issuance of common shares to settle liability | — | — | — | — | 129 | — | — | — | 914 | — | — | — | — | — | 914 | — |
| Equity issuance costs reclassed to APIC | — | — | — | — | — | — | — | — | (343) | — | — | — | — | — | (343) | — |
| Unrealized gain (loss) on available-for-sale debt securities | — | — | — | — | — | — | — | — | — | — | — | — | (21) | — | (21) | — |
| Preferred A-0 Unit Accounts guaranteed payment accrual | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | (4,356) |
| Rounding adjustment in connection with reverse stock split | — | — | — | — | 80 | — | — | — | — | — | — | — | — | — | — | — |
| Balance, June 30, 2024 | — | $— | 227 | $— | 4,006 | $4 | 239 | $— | $1,852,187 | $(2,011,547) | $(20,038) | $(3,444) | $255 | $34,293 | $(148,290) | $251,052 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.