Company: FOACW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001828937-25-000061
Chunk: 87

Company: Finance of America Companies Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 87
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)(2,034)Net loss from discontinued operations attributable to holders of Class A Common Stock - diluted$— $(178)$(4,023)$(4,042)DenominatorWeighted average shares of Class A Common Stock outstanding - basic 11,041,337 9,898,182 10,611,689 9,773,370 Effect of dilutive securities:Assumed exchange of weighted average Class A LLC Units for shares of Class A Common Stock(3)13,219,364 13,186,007 13,434,386 13,240,372 Assumed exchange of Exchangeable Secured Notes for shares of Class A Common Stock(2)5,337,928 — 5,337,928 — Additional dilutive shares under the treasury stock method(4)538,618 — 768,051 — Weighted average shares of Class A Common Stock outstanding - diluted(5)30,137,247 23,084,189 30,152,054 23,013,742 Diluted earnings (loss) per shareContinuing operations$2.13 $(0.29)$4.69 $(0.88)Discontinued operations— (0.01)(0.13)(0.18)Diluted earnings (loss) per share$2.13 $(0.30)$4.56 $(1.06)(1) For the three and six months ended June 30, 2025 and 2024, this adjustment assumes the reallocation of noncontrolling interest income (loss), on an after-tax basis, due to the assumed exchange of all Class A LLC Units outstanding for shares of Class A Common Stock in FOA as of the beginning of the period following the if-converted method for calculating diluted earnings (loss) per share.(2) As the Exchangeable Secured Notes are considered participating securities, the Company calculates diluted earnings per share for the assumed exchange of Exchangeable Secured Notes for shares of Class A Common Stock in FOA using the more dilutive of either the if-converted method or the two-class method. The numerator includes a reallocation of net income (loss) from continuing operations attributable to the controlling interest assuming an exchange of the Exchangeable Secured Notes for shares of Class A Common Stock in FOA as of the beginning of the reporting period. Additionally, interest expense attributable to the controlling interest for the Exchangeable Secured Notes,