Beneficient
For the period ended Mar 31, 2026. Filed Jun 30, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed Jun 30, 2026
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, 2026 | March 31, 2025(1) | |
| (Dollars and shares in thousands) | ||
| ASSETS | ||
| Cash and cash equivalents | $2,543 | $1,346 |
| Investments, at fair value: | ||
| Investments held by Customer ExAlt Trusts (related party of nil and $5) | 195,536 | 291,371 |
| Derivative asset, related party | 21,652 | — |
| Other assets, net (related party of $514 and $404) | 9,127 | 49,144 |
| Intangible assets | — | 3,100 |
| Goodwill | 9,914 | 9,914 |
| Total assets | $238,772 | $354,875 |
| LIABILITIES, TEMPORARY EQUITY, AND EQUITY (DEFICIT) | ||
| Accounts payable and accrued expenses (related party of $17,571 and $14,733) | $63,788 | $100,345 |
| Other liabilities (related party of $30,497 and $19,360) | 176,651 | 80,806 |
| Warrants liability | 308 | 227 |
| Debt due to related parties | 96,785 | 117,896 |
| Total liabilities | 337,532 | 299,274 |
| Redeemable noncontrolling interests | ||
| Preferred Series A Subclass 0 Redeemable Unit Accounts, nonunitized | 90,526 | 90,526 |
| Total temporary equity | 90,526 | 90,526 |
| Shareholders’ equity (deficit) (1): | ||
| 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, 2026 and 2025 | — | — |
| Series B preferred stock, 1,831 and 363 shares issued and outstanding as of March 31, 2026 and 2025, respectively | 2 | — |
| Class A common stock, par value $0.001 per share, 625,000 and 625,000 shares authorized as of March 31, 2026 and 2025, respectively, 14,419 and 1,060 shares issued as of March 31, 2026 and 2025, respectively, and 14,418 and 1,059 shares outstanding as of March 31, 2026 and 2025, respectively | 14 | 1 |
| Class B convertible common stock, par value $0.001 per share, 31 shares authorized, 30 and 30 shares issued and outstanding as of March 31, 2026 and 2025, respectively | — | — |
| Additional paid-in capital | 1,884,835 | 1,844,496 |
| Accumulated deficit | (2,095,478) | (2,008,052) |
| Treasury stock, at cost (1 share as of March 31, 2026 and 2025) | (3,444) | (3,444) |
| Noncontrolling interests | 24,733 | 132,076 |
| Accumulated other comprehensive income (loss) | 52 | (2) |
| Total equity (deficit) | (189,286) | (34,925) |
| Total liabilities, temporary equity, and equity (deficit) | $238,772 | $354,875 |
(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.