Beneficient [Rocket]

In millions, except per share items	Mar-31-23	Dec-31-20
	10-K	10-K
Revenues:
Corporate & Other		21.7
Ben Liquidity	50.8	51.8
Customer ExAlt Trusts		118.6
Ben Custody	29.0	19.4
Other	-151.5	-240.1
Total revenues	-71.6	-28.6
Cost of goods sold	-91.1	257.2
Gross profit	19.5	-285.8
Gross margin	-27.2%	999.6%
Selling, general and administrative [+]	38.4	19.0
General and administrative	38.4	19.0
Other operating expenses	238.8	-257.4
EBITDA	-254.2	-46.4
EBITDA margin	355.0%	162.2%
Depreciation	3.6	0.9
EBITA	-257.8	-47.2
EBITA margin	360.1%	165.3%
Amortization of intangibles		0.2
EBIT	-257.8	-47.4
EBIT margin	360.1%	165.8%
Non-recurring items	-4.6
Interest expense	15.5	32.6
Interest expense	15.5	32.6
Other income (expense), net [+]	15.5	32.6
Other non-operating income	0.1	36.3
Pre-tax income	-253.2	-47.4
Income taxes	-1.1	3.5
Tax rate	0.4%
Minority interest	136.9	7.2
Net income	-131.0	-58.0
Net margin	183.0%	203.0%

Basic EPS	($1.94)	($1.27)
Diluted EPS	($1.94)	($1.27)

Shares outstanding (basic)	67.5	45.8
Shares outstanding (diluted)	67.5	45.8

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.