Beneficient
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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, 2026 · Filed Aug 14, 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 three months ended June 30, 2026 and 2025:
| Series A preferred stock · Series B preferred stock · Class A common stock · Class B common stock · APIC · Accumulated Deficit · Treasury Stock · Accumulated Other Comprehensive Income (Loss) · Noncontrolling interests (Note 10) · Total equity (deficit) · Redeemable noncontrolling interests | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Dollars and shares in thousands) · Shares · Amount · Shares · Amount · Shares · Amount · Shares · Amount | |||||||||||||||
| 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 |
| Net income (loss) | — | — | — | — | — | — | — | — | — | (6,783) | — | — | 4,636 | (2,147) | 1,770 |
| Reclass of distributions payable to noncontrolling interest holder | — | — | — | — | — | — | — | — | — | — | — | — | (145) | (145) | — |
| Recognition of share-based compensation cost | — | — | — | — | — | — | — | — | 185 | — | — | — | — | 185 | — |
| Issuance of shares in connection with standby equity purchase agreement | — | — | — | — | 60 | — | — | — | 233 | — | — | — | — | 233 | — |
| Unrealized gain (loss) on available-for-sale debt securities | — | — | — | — | — | — | — | — | — | — | — | 455 | — | 455 | — |
| Preferred A-0 Unit Accounts guaranteed payment accrual | — | — | — | — | — | — | — | — | — | — | — | — | (3,138) | (3,138) | (1,770) |
| Issuance of equity in connection with recent financings | — | — | 875 | 1 | — | — | — | — | 8,531 | — | — | — | 219 | 8,751 | — |
| Shares issued as commitment fee payment | — | — | — | — | 280 | 1 | — | — | 1,000 | — | — | — | — | 1,000 | — |
| Conversion of Series B-1 preferred stock to Class A common stock | — | — | (2) | — | 10 | — | — | — | — | — | — | — | — | — | — |
| Balance, June 30, 2026 | — | $— | 2,704 | $3 | 14,769 | $15 | 30 | $— | $1,894,784 | $(2,102,261) | $(3,444) | $507 | $26,305 | $(184,091) | $90,526 |
| Series A preferred stock · Series B preferred stock · Class A common stock (1) · Class B common stock (1) · APIC (1) · Accumulated Deficit · Treasury Stock · Accumulated Other Comprehensive Income (Loss) · Noncontrolling interests (Note 10) · 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) | — | — | — | — | — | — | — | — | — | (65,076) | — | — | (29,239) | (94,315) | 1,667 |
| Noncontrolling interest reclass | — | — | — | — | — | — | — | — | — | — | — | — | (921) | (921) | — |
| Recognition of share-based compensation cost | — | — | — | — | — | — | — | — | 461 | — | — | — | — | 461 | — |
| Issuance of shares in connection with equity purchase agreement | — | — | — | — | 118 | — | — | — | 271 | — | — | — | — | 271 | — |
| Issuance of shares in connection with recent financings | — | — | 1,180 | 2 | — | — | — | — | 11,503 | — | — | — | 295 | 11,800 | — |
| 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 | — |
| Balance, June 30, 2025 | — | $— | 1,543 | $2 | 1,178 | $1 | 30 | $— | $1,856,731 | $(2,073,128) | $(3,444) | $(2) | $99,443 | $(120,397) | $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.