Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 73

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 73
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 impairment of other assets9,297 9,898 Equity-based compensation2,157 3,981 Certain non-recurring costs207 1,974 Adjusted net income (loss) before income taxes17,544 (8,844)Benefit (provision) for income taxes(4,614)2,137 Adjusted net income (loss)12,930 (6,707)Provision (benefit) for income taxes4,614 (2,137)Depreciation361 380 Interest expense on non-funding debt11,062 8,471 Adjusted EBITDA$28,967 $7 GAAP PER SHARE MEASURESNet income (loss) from continuing operations attributable to controlling interest$32,237 $(5,635)Basic weighted average shares outstanding10,177,266 9,648,558 Basic 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