Company: FOACW
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001828937-25-000009
Chunk: 290

Company: Finance of America Companies Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 3
Chunk 290
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 — Exchangeable Secured Notes interest expense, net(2)— — Net income (loss) from continuing operations attributable to holders of Class A Common Stock - diluted$31,756 $(61,287)Net loss from discontinued operations attributable to holders of Class A Common Stock - basic$(2,008)$(18,801)Reallocation of net loss from discontinued operations assuming exchange of Class A LLC Units(1)(2,033)— Net loss from discontinued operations attributable to holders of Class A Common Stock - diluted$(4,041)$(18,801)DenominatorWeighted average shares of Class A Common Stock outstanding - basic 9,850,903 8,197,753 Effect of dilutive securities:Assumed exchange of weighted average Class A LLC Units for shares of Class A Common Stock(3)13,336,437 — Assumed exchange of Exchangeable Secured Notes for shares of Class A Common Stock(2)— — Additional dilutive shares under the treasury stock method(4)218,893 — Weighted average shares of Class A Common Stock outstanding - diluted(5)23,406,233 8,197,753 Diluted earnings (loss) per shareContinuing operations$1.36 $(7.48)Discontinued operations(0.18)(2.29)Diluted earnings (loss) per share$1.18 $(9.77)(1) For the year ended December 31, 2024, this adjustment assumes the reallocation of noncontrolling interest income (loss), on an after-tax basis, due to the assumed exchange of all Class A LLC Units outstanding for shares of Class A Common Stock in FOA as of the beginning of the period following the if-converted method for calculating diluted earnings (loss) per share. For the year ended December 31, 2023, the effect of the elimination of the noncontrolling interest due to the assumed exchange of all Class A LLC Units outstanding for shares of Class A Common Stock in FOA was determined to be anti-dilutive under the if-converted method. As such, the effect has been excluded from the calculation of diluted loss per share. Following the terms of the A&R LLC Agreement, the Class A LLC unitholders bear approximately 85% of the cost of any vesting associated with the Replacement RSUs and Earnout Right RSUs prior to any distribution by the Company to such Class A LLC unith