Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 122

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 2
Chunk 122
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 earnings (loss) per share from continuing operations$3.17 $(0.58)If-converted method net income (loss) from continuing operations$77,236 $(5,635)Diluted weighted average shares outstanding30,167,024 9,648,558 Diluted earnings (loss) per share from continuing operations$2.56 $(0.58)NON-GAAP PER SHARE MEASURESAdjusted net income (loss)$12,930 $(6,707)Exchangeable senior secured notes interest expense(2)2,609 — Total $15,539 $(6,707)Weighted average shares outstanding30,167,024 22,943,295 Adjusted earnings (loss) per share$0.52 $(0.29)

March 31,2025December 31, 2024Total equity$394,886 $315,664 Less: Intangible assets, net207,506 216,342 Tangible equity$187,380 $99,322 

(1) Changes in fair value - The adjustment for changes in fair value includes changes in fair value of loans and securities held for investment and related obligations due to market inputs or model assumptions, deferred purchase price obligations, contingent earnout, warrant liability, and the exchange of our senior notes.

Changes in fair value of loans and securities held for investment and related obligations due to market inputs or model assumptions - This adjustment relates to changes in the significant market or model input components of the fair value for loans and securities and related obligations, which are held for investment. We include an adjustment for the significant market or model input components of the change in fair value 

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because, while based on real observable and/or predicted changes in drivers of the valuation of assets, they may be mismatched in any given period with the actual change in the underlying economics or when they will be realized in actual cash flows. Changes in fair value of loans and securities held for investment and related obligations include changes in fair value and related hedge gains and losses for the following:

1.Loans held for investment, subject to HMBS related obligations, at fair value;

2.Loans held for investment, subject to nonrecourse debt, at fair value;

3.Loans held for investment, at fair value;

4.Retained bonds, at fair value;

5.HMBS related obligations, at fair value; and

6.Nonrecourse debt, at fair value.

The adjustment for changes in