v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Investment income (loss), net $ (49,532) $ (6,500)
Gain (loss) on financial instruments, net (related party of $9,491 and $(552)) 9,774 (2,242)
Interest and dividend income 40 44
Trust services and administration revenues (related party of $30 and $30) 593 753
Other income 0 2
Total revenues (39,125) (7,943)
Operating expenses    
Employee compensation and benefits 11,845 16,851
Interest expense (related party of $13,349 and $12,294) 18,801 14,908
Professional services 21,054 23,235
Provision for credit losses 1,048 1,000
Loss on impairment of goodwill and intangible assets 3,100 3,692
Accrual (release) of loss contingency related to arbitration award 62,831 (54,973)
Other expenses (related party of $2,856 and $2,825) 8,708 11,529
Total operating expenses 127,387 16,242
Operating income (loss) (166,512) (24,185)
(Gain) loss on liability resolution (1,996) (23,462)
Net income (loss) before income taxes (164,516) (723)
Income tax expense 214 80
Net income (loss) (164,730) (803)
Plus: Net loss attributable to noncontrolling interests 96,222 69,789
Less: Noncontrolling interest guaranteed payment (18,918) (17,824)
Net income (loss) attributable to Beneficient common shareholders (87,426) 51,162
Other comprehensive income (loss):    
Unrealized gain (loss) on investments in available-for-sale debt securities 54 (278)
Total comprehensive income (loss) (164,676) (1,081)
Less: Comprehensive gain (loss) attributable to noncontrolling interests (77,250) (52,243)
Total comprehensive income (loss) attributable to Beneficient $ (87,426) $ 51,162
Class A    
Net income (loss) per common share    
Class A and B - basic (in dollars per share) [1] $ (14.02) $ 68.08
Class A and B - diluted (in dollars per share) [1] (14.02) 0.52
Class B    
Net income (loss) per common share    
Class A and B - basic (in dollars per share) [1] (14.02) 109.54
Class A and B - diluted (in dollars per share) [1] $ (14.02) $ 0.52
Variable Interest Entity, Primary Beneficiary    
Operating expenses    
Plus: Net loss attributable to noncontrolling interests $ 25,639 $ 34,914
Consolidated Entity, Excluding Consolidated VIE    
Operating expenses    
Plus: Net loss attributable to noncontrolling interests $ 70,583 $ 34,875
[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.