Company: FOACW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001828937-25-000061
Chunk: 118

Company: Finance of America Companies Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 118
---
 $16,686 $73 $32,225 $(6,634)Weighted average shares outstanding30,137,247 23,084,189 30,152,054 23,013,742 Adjusted earnings (loss) per share$0.55 $— $1.07 $(0.29)

June 30, 2025December 31, 2024Total equity$473,425 $315,664 Less: Intangible assets, net198,209 216,342 Tangible equity$275,216 $99,322 

62

(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 held for investment and related obligations. We include an adjustment for the significant market or model input components of the change in fair value 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 fair value of loans and securities held for investment and related obligations due to market inputs or model assumptions is calculated based on changes in fair value associated with the above assets and liabilities calculated in accordance with U.S. GAAP, excluding the period-to-date estimated impact of the change in fair value attributable to current period additions and the change in fair value attributable to post-origination loan advances, accretion, and model amortization (i.e., portfolio run-off), net of hedge gains