Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 5

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 5
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) per share from continuing operations$2.56 $(0.58)Diluted earnings (loss) per share$2.43 $(0.78)

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)

8

Finance of America Companies Inc. Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)(in thousands)

For the three months ended March 31, 2025For the three months ended March 31, 2024NET INCOME (LOSS)$75,000 $(20,304)COMPREHENSIVE LOSS ITEM:Impact of foreign currency translation adjustment(9)(17)TOTAL COMPREHENSIVE INCOME (LOSS)74,991 (20,321)Less: Comprehensive income (loss) attributable to noncontrolling interest 44,786 (10)COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST$30,205 $(20,311)

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)

9

Finance of America Companies Inc. Condensed Consolidated Statements of Equity (Unaudited)(in thousands, except share data)

Class A Common StockClass B Common StockNoncontrolling InterestSharesAmountSharesAmountAdditional Paid-in CapitalRetained Earnings (Accumulated Deficit)Accumulated Other Comprehensive LossClass A LLC UnitsAmountTotal EquityBalance at December 31, 20249,934,449 $1 15 $— $954,469 $(698,895)$(276)13,891,768 $60,365 $315,664 Net income— — — — — 30,209 — — 44,791 75,000 Noncontrolling interest distributions— — — — — — — — (83)(83)Equity-based compensation, net— — — — 1,500 — — — 657 2,157 Conversion of Class A LLC Units for Class A Common Stock (Note 18 - Equity)775,000 — — — 5,114 — — (775,000)(5,114)— Settlement of restricted stock units (“RSUs”)3,625 — — — — — — — — — Cancellation of shares to fund employee tax