Annual report pursuant to Section 13 and 15(d)

ASSETS AND LIABILITIES HELD FOR SALE - Results of operations (Details)

v3.23.2
ASSETS AND LIABILITIES HELD FOR SALE - Results of operations (Details) - USD ($)
$ in Thousands
 11 Months Ended 12 Months Ended
Feb. 28, 2023
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Fee and commission income (including $199,235, $291,163 and $184,725 from related parties)   $ 327,215 $ 335,211 $ 216,008
Net gain on trading securities   71,084 155,252 28,807
Total net (loss)/gain on derivatives   (64,826) 946 86
Interest income   294,695 121,609 38,474
Net gain on foreign exchange operations   52,154 3,791 557
TOTAL REVENUE, NET   795,693 689,790 346,883
Payroll and bonuses   81,819 46,288 23,435
Professional services   17,006 12,682 4,430
Stock compensation expense   9,293 7,859 114
Advertising expense   14,059 11,916 6,971
General and administrative expense   59,971 23,533 11,118
Interest expense:   208,947 76,947 22,444
Fee and commission expense   29,119 2,502 1,590
Other expense/(income), net     4,014 2,034
TOTAL EXPENSE   559,755 326,097 195,078
NET INCOME BEFORE INCOME TAX   $ 235,938 363,693 151,805
Discontinued operations        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Fee and commission income (including $199,235, $291,163 and $184,725 from related parties) $ 77,109   69,742 52,780
Net gain on trading securities 22,045   (78,674) 20,275
Total net (loss)/gain on derivatives (44)   0 39
Interest income 53,410   28,399 11,221
Net gain on foreign exchange operations 45,859   (39,672) 2,285
TOTAL REVENUE, NET 198,379   (20,205) 86,600
Payroll and bonuses 58,971   39,114 24,827
Professional services 620   467 239
Stock compensation expense 1,743   7,887 1,033
Advertising expense 14,945   7,085 1,881
General and administrative expense 26,031   18,476 14,001
Interest expense: 15,051   10,450 8,760
Fee and commission expense 10,467   7,988 7,122
Provision for impairment losses 1,566   779 45
Other expense/(income), net 825   4,748 174
TOTAL EXPENSE 130,219   96,994 58,082
NET INCOME BEFORE INCOME TAX $ 68,160   $ (117,199) $ 28,518