Company: FOACW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001828937-25-000061
Chunk: 85

Company: Finance of America Companies Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 85
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2025 Unsecured NotesIn November 2020, LFH purchased a portion of the 2025 Unsecured Notes. In October 2024, the related party exchanged all of their 2025 Unsecured Notes for Secured Notes. 

40

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

The Company had $77.3 million of Secured Notes due to LFH as of both June 30, 2025 and December 31, 2024, recorded within Notes payable, net, in the Condensed Consolidated Statements of Financial Condition. Additionally, the Company paid $3.4 million of interest to LFH related to the Secured Notes during the three and six months ended June 30, 2025, and paid $3.0 million of interest related to the 2025 Unsecured Notes during the three and six months ended June 30, 2024.

16.    Earnings (Loss) Per ShareThe following tables reconcile the numerators and denominators used in the computations of both basic and diluted earnings (loss) per share (in thousands, except share data):For the three months ended June 30, 2025For the three months ended June 30, 2024For the six months ended June 30, 2025For the six months ended June 30, 2024Basic earnings (loss) per share:NumeratorNet income (loss) from continuing operations$79,823 $(4,921)$159,573 $(20,701)Less: Income (loss) from continuing operations attributable to noncontrolling interest(1)44,900 (2,937)92,413 (13,082)Net income (loss) from continuing operations attributable to holders of Class A Common Stock - basic$34,923 $(1,984)$67,160 $(7,619)Net loss from discontinued operations$— $(203)$(4,750)$(4,727)Less: Loss from discontinued operations attributable to noncontrolling interest(1)— (98)(2,722)(2,719)Net loss from discontinued operations attributable to holders of Class A Common Stock - basic$— $(105)$(2,028)$(2,008)DenominatorWeighted average shares of Class A Common Stock outstanding - basic 11,041,337 9,898,182 10,611,689 9,773,370 Basic