Beneficient
For the period ended Mar 31, 2026. Filed Jun 30, 2026.
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FY2026 · Filed Jun 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Equity (Deficit)
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIT)(1)
For the years ended March 31, 2026 and 2025:
| Series A preferred stock · Series B-1 preferred stock · Class A common stock(1) · Class B common stock(1) · APIC(1) · Accumulated Deficit · Stock Receivable · Treasury Stock · Accumulated Other Comprehensive Income (Loss) · Noncontrolling interests (Note 13) · Total equity (deficit) · Redeemable noncontrolling interests | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Dollars and shares in thousands) · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||||||||
| Balance, March 31, 2025 | — | $— | 363 | $— | 1,060 | $1 | 30 | $— | $1,844,496 | $(2,008,052) | $— | $(3,444) | $(2) | $132,076 | $(34,925) | $90,526 |
| Net income (loss) | — | — | — | — | — | — | — | — | — | (87,426) | — | — | — | (84,126) | (171,552) | 6,822 |
| Recognition of share-based compensation cost | — | — | — | — | — | — | — | — | 1,629 | — | — | — | — | — | 1,629 | — |
| Noncontrolling interest reclass | — | — | — | — | — | — | — | — | — | — | — | — | — | (1,956) | (1,956) | — |
| Limited conversion of Series A preferred stock to Class A common stock, including recognition of derivative asset | — | — | — | — | 12,662 | 13 | — | — | 21,867 | — | — | — | — | (9,724) | 12,156 | — |
| Issuance of shares in connection with recent financings | — | — | 1,482 | 2 | — | — | — | — | 14,450 | — | — | — | — | 370 | 14,822 | — |
| Unrealized gain (loss) on available-for-sale debt securities | — | — | — | — | — | — | — | — | — | — | — | — | 52 | — | 52 | — |
| Reclassification of realized gain upon transfer from available-for-sale debt security to equity interest | — | — | — | — | — | — | — | — | — | — | — | — | 2 | — | 2 | — |
| Preferred A-0 guaranteed payment accrual | — | — | — | — | — | — | — | — | — | — | — | — | — | (12,096) | (12,096) | (6,822) |
| Issuance of common shares to settle liability | — | — | — | — | 368 | — | — | — | 1,687 | — | — | — | — | — | 1,687 | — |
| Issuance of shares in connection with standby equity purchase agreement | — | — | — | — | 217 | — | — | — | 706 | — | — | — | — | — | 706 | — |
| Rounding adjustment in connection with reverse stock split | — | — | — | — | 53 | — | — | — | — | — | — | — | — | — | — | — |
| Miscellaneous adjustment to previously allocated FLP Subclass 3 income | — | — | — | — | — | — | — | — | — | — | — | — | — | 189 | 189 | — |
| Conversion of Series B-1 preferred stock to Class A common stock | — | — | (14) | — | 59 | — | — | — | — | — | — | — | — | — | — | — |
| Balance, March 31, 2026 | — | $— | 1,831 | $2 | 14,419 | $14 | 30 | $— | $1,884,835 | $(2,095,478) | $— | $(3,444) | $52 | $24,733 | $(189,286) | $90,526 |
(1) Periods presented have been adjusted to reflect the 1-for-8 reverse stock split on December 15, 2025. See Note 1 - Summary of Significant Accounting Policies - Reverse Stock Split, for additional information.
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIT)(1) (continued)
| Series A preferred stock · Series B-1 preferred stock · Class A common stock(1) · Class B common stock(1) · APIC(1) · Accumulated Deficit · Stock Receivable · Treasury Stock · Accumulated Other Comprehensive Income (Loss) · Noncontrolling interests (Note 13) · Total equity (deficit) · Redeemable noncontrolling interests | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Dollars and shares in thousands) · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||||||||
| Balance, March 31, 2024 | — | $— | 227 | $— | 419 | $— | 30 | $— | $1,848,071 | $(2,059,214) | $(20,038) | $(3,444) | $276 | $42,231 | $(192,118) | $251,052 |
| Net income (loss) | — | — | — | — | — | — | — | — | — | 51,162 | — | — | — | (64,359) | (13,197) | 12,394 |
| Recognition of share-based compensation cost | — | — | — | — | — | — | — | — | 5,649 | — | — | — | — | — | 5,649 | — |
| Noncontrolling interest reclass | — | — | — | — | — | — | — | — | — | — | — | — | — | (892) | (892) | — |
| Issuance of shares in connection with recent financing | — | — | 136 | — | — | — | — | — | 1,362 | — | — | — | — | — | 1,362 | — |
| Unrealized gain (loss) on available-for-sale debt securities | — | — | — | — | — | — | — | — | — | — | — | — | (278) | — | (278) | — |
| Preferred A-0 guaranteed payment accrual | — | — | — | — | — | — | — | — | — | — | — | — | — | (5,430) | (5,430) | (12,394) |
| Settlement of restricted stock units | — | — | — | — | 51 | — | — | — | — | — | — | — | — | — | — | — |
| Issuance of common shares to settle liability | — | — | — | — | 48 | — | — | — | 1,264 | — | — | — | — | — | 1,264 | — |
| Issuance of shares in connection with equity purchase agreement | — | — | — | — | 490 | 1 | — | — | 7,858 | — | — | — | — | — | 7,859 | — |
| Issuance of Class A common stock | — | — | — | — | 45 | — | — | — | 673 | — | — | — | — | — | 673 | — |
| Rounding adjustment in connection with reverse stock split | — | — | — | — | 10 | — | — | — | — | — | — | — | — | — | — | — |
| Stock receivable on prepaid forward purchase | — | — | — | — | (3) | — | — | — | (20,038) | — | 20,038 | — | — | — | — | — |
| Reclass of BCH Preferred A-0 from temporary to permanent equity | — | — | — | — | — | — | — | — | — | — | — | — | — | 160,526 | 160,526 | (160,526) |
| Equity issuance costs reclassed to APIC | — | — | — | — | — | — | — | — | (343) | — | — | — | — | — | (343) | — |
| Balance, March 31, 2025 | — | $— | 363 | $— | 1,060 | $1 | 30 | $— | $1,844,496 | $(2,008,052) | $— | $(3,444) | $(2) | $132,076 | $(34,925) | $90,526 |
(1) Periods presented have been adjusted to reflect the 1-for-8 reverse stock split on December 15, 2025. See Note 1 - Summary of Significant Accounting Policies - 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.