v3.26.1
Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Total
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income
Noncontrolling Interest
Non-Controlling Interests in Subsidiaries
Noncontrolling Interest
Non-Controlling Interests in Legacy Greenspring Entities
Noncontrolling Interest
Non-Controlling Interests in the Partnership
Class A Common Stock
Class A Common Stock
Common Stock
Class A Common Stock
Additional Paid-in Capital
Class A Common Stock
Noncontrolling Interest
Non-Controlling Interests in the Partnership
Class B Common Stock
Common Stock
Total stockholders' equity, beginning balance at Mar. 31, 2023 $ 1,628,787 $ 610,567 $ 160,430 $ 461 $ 36,380 $ 152,658 $ 668,182   $ 63     $ 46
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) 146,200   58,091   37,240 (9,087) 59,956          
Other comprehensive income (loss) (675)     (196) (328)   (151)          
Contributed capital 12,503         12,460 43          
Equity-based compensation 19,681 10,771     674   8,236          
Distributions (106,330)       (39,573) (8,989) (57,768)          
Dividends declared (70,346)   (70,346)                  
Vesting of equity-based awards, net of shares withheld for taxes (695) (392)         (304)   1      
Exchange of units (1) (2)             2     (1)
Sale of non-controlling interests 3,045 851     1,553   641          
Settlement of non-controlling interests related to awards of carried interest allocations 0                      
Equity reallocation between controlling and non-controlling interests 0 21,277   39 (2,881)   (18,435)          
Deferred tax effect resulting from equity transactions affecting ownership in the Partnership [1] 132,560 132,560                    
Reclassification and adjustment of non-controlling interests in subsidiaries to redeemable equity at redemption value (1,086,492) (465,339) (134,407)   (34,860)   (451,886)          
Reclassification of non-controlling interests in subsidiaries from redeemable equity 976,354       976,354              
Repurchases of Class A common stock               $ 0        
Initial consolidation of Consolidated Funds 0                      
Total stockholders' equity, ending balance at Mar. 31, 2024 1,654,591 310,293 13,768 304 974,559 147,042 208,514   66     45
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) (227,316)   (179,563)   79,282 (1,185) (125,850)          
Other comprehensive income (loss) 1,217     424 558   235          
Contributed capital 28,379       8,773 19,603 3          
Equity-based compensation 17,322 9,847     816   6,659          
Distributions (161,250)       (49,789) (31,971) (79,490)          
Dividends declared (76,751)   (76,751)                  
Vesting of equity-based awards, net of shares withheld for taxes (1,472) (897)         (576)   1      
Exchange of units (8) (10)             10     (8)
Class A common stock issued under ESPP               2,521   $ 1,585 $ 936  
Vesting of Class B2 units and issuance of corresponding Class B common stock at par value 3                     3
Purchase of non-controlling interests (5,398) (3,149)         (2,249)          
Settlement of non-controlling interests related to awards of carried interest allocations 54,977       54,977              
Redemption of redeemable non-controlling interests in subsidiaries 97,383 55,879         41,504          
Equity reallocation between controlling and non-controlling interests 0 41,559     (12,666)   (28,893)          
Deferred tax effect resulting from equity transactions affecting ownership in the Partnership [1] 5,950 5,950                    
Reclassification and adjustment of non-controlling interests in subsidiaries to redeemable equity at redemption value 0                      
Repurchases of Class A common stock               0        
Initial consolidation of Consolidated Funds 0                      
Total stockholders' equity, ending balance at Mar. 31, 2025 1,390,148 421,057 (242,546) 728 1,056,510 133,489 20,793   77     40
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income (loss) (811,714)   (535,808)   103,782 4,945 (384,633)          
Other comprehensive income (loss) (269)     (95) (109)   (65)          
Contributed capital 4,676       3,316 1,359 1          
Equity-based compensation 21,125 13,239     722   7,164          
Distributions (170,793)       (68,100) (6,203) (96,490)          
Dividends declared (118,525)   (118,525)                  
Vesting of equity-based awards, net of shares withheld for taxes (400) (263)         (137)          
Exchange of units 0 (2)             3     (1)
Class A common stock issued under ESPP               3,677   $ 2,395 $ 1,282  
Purchase of non-controlling interests (10,319) (6,553)         (3,766)          
Settlement of non-controlling interests related to awards of carried interest allocations 0                      
Equity reallocation between controlling and non-controlling interests 0 59,890   510 (116,974)   56,574          
Deferred tax effect resulting from equity transactions affecting ownership in the Partnership [2] (1,973) (1,973)                    
Reclassification and adjustment of non-controlling interests in subsidiaries to redeemable equity at redemption value 0                      
Class A common stock issued for purchase of asset class non-controlling interests 0 (1)             1      
Repurchases of Class A common stock (8,715) (5,732)         (2,983) $ (8,711)        
Initial consolidation of Consolidated Funds 394,095       394,095              
Total stockholders' equity, ending balance at Mar. 31, 2026 $ 691,013 $ 482,057 $ (896,879) $ 1,143 $ 1,373,242 $ 133,590 $ (402,260)   $ 81     $ 39
[1] See notes 11 and 14 for more information.
[2] See notes 11 and 14 for more information.