What does prepaid expense reclassifies to offering cost mean?

This represents the reclassification of previously recorded prepaid expenses into costs associated with a capital offering, such as an IPO or secondary issuance. It identifies the portion of upfront costs that are directly attributable to raising capital rather than general operations. This is critical for understanding the true cost of equity financing.

Legacy Reserves LGCY Prepaid Expense Reclassifies To Offering Cost

Prepaid Expense Reclassifies To Offering Cost at other companies

Beta Bionics, Inc. Common StockBBNX

$5.05M—

SoundHound AI, Inc.SOUN

$0-100%

JAC

Jackson Acquisition Company IIJACS

$14.1K—

JAC

Jackson Acquisition Company IIJACS

$14.1K—

Sionna Therapeutics, Inc. Common StockSION

$0-100%

EFC

Ellington Financial Inc.EFC

$6.03M-48.9%

Other financials

Income statement

See full

Revenue$21.4M+15.0%

Operating income$3.9M+7.6%

Net income$3.0M+7.5%

EPS (diluted)$0.22+4.8%

Balance sheet

See full

Cash & equivalents$21.7M+25.1%

Total debt$15.5M-13.3%

Total equity$49.5M+26.1%

Total assets$75.5M+12.5%

Cash flow

See full

Operating cash flow$764.4K-16.8%

CapEx$248.6K-22.8%

Free cash flow$515.8K-13.6%

Valuation

See full

Market cap$147.9M+3.8%

Enterprise value$141.69M+1.3%

P/E17.4×-1.5×

P/S1.9×-0.3×

Profitability

See full

Operating margin14.4%-0.6pp

Net margin10.9%-1.4pp

FCF margin6.1%—

Returns & leverage

See full

Return on equity19.1%-5.6pp

Debt / equity0.3×-0.1×

Current ratio3.4×+0.7×

Where this comes from

Reported directly by Legacy Reserves in its filing.

Tagged under the XBRL concept LGCY:PrepaidExpenseReclassifiesToOfferingCost.

The official record: Legacy Reserves’s 10-Q, filed November 13, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Legacy Reserves's prepaid expense reclassifies to offering cost?: Legacy Reserves (LGCY) reported prepaid expense reclassifies to offering cost of $276.87K in Q3 2024.
What does prepaid expense reclassifies to offering cost mean?: This represents the reclassification of previously recorded prepaid expenses into costs associated with a capital offering, such as an IPO or secondary issuance. It identifies the portion of upfront costs that are directly attributable to raising capital rather than general operations. This is critical for understanding the true cost of equity financing.