v3.26.1
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
Non-Controlling Interests in Subsidiaries
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
Common Stock
Class B Common Stock
Common Stock
Total stockholders' equity, beginning 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) (33,547)       (38,424)   28,617 3,382 (27,122)    
Other comprehensive income (777)         (294) (316)   (167)    
Contributed capital 1,940           1,517 422 1    
Equity-based compensation 4,669   2,866       182   1,621    
Distributions (63,128)           (21,897) (2,961) (38,270)    
Dividends declared (51,020)       (51,020)            
Exchange of Class B, Class C and Class D units for Class A common stock and redemption of corresponding Class B common stock 0   (1)             1  
Purchase of non-controlling interests (10,339)   (6,566)           (3,773)    
Class A common stock issued for purchase of asset class non-controlling interests 0 $ 1 (1)                
Initial consolidation of Consolidated Funds 0                    
Equity reallocation between controlling and non-controlling interests 0   74,871 $ (118,580)   510     43,199    
Deferred tax effect resulting from transactions affecting ownership in the Partnership [1] (7,367)   (7,367)                
Total stockholders' equity, ending balance at Jun. 30, 2025 1,230,579   484,859   (331,990) 944 946,033 134,332 (3,718) 79 40
Total stockholders' equity, beginning balance at Mar. 31, 2026 691,013   482,057   (896,879) 1,143 1,373,242 133,590 (402,260) 81 39
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income (loss) (174,466)       (115,816)   22,731 (5,247) (76,134)    
Other comprehensive income 305         129 108   68    
Contributed capital 151,275           151,075 200      
Equity-based compensation 7,066   4,518       157   2,391    
Distributions (330,891)           (292,267) (731) (37,893)    
Dividends declared (69,816)       (69,816)            
Exchange of Class B, Class C and Class D units for Class A common stock and redemption of corresponding Class B common stock (1)   (1)             1 (1)
Purchase of non-controlling interests (9,589)   (6,236)           (3,353)    
Class A common stock issued for purchase of asset class non-controlling interests 0   (1)             1  
Repurchases of Class A common stock (19,221)   (12,663)           (6,557) (1)  
Initial consolidation of Consolidated Funds 731,588           731,588        
Equity reallocation between controlling and non-controlling interests 0   80,875     104 (118,983)   38,004    
Deferred tax effect resulting from transactions affecting ownership in the Partnership [1] (6,734)   (6,734)                
Total stockholders' equity, ending balance at Jun. 30, 2026 $ 970,529   $ 541,815   $ (1,082,511) $ 1,376 $ 1,867,651 $ 127,812 $ (485,734) $ 82 $ 38
[1] See notes 10 and 13 for more information.