Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 45

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 45
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, LLC, purchased a portion of the 2025 Unsecured Notes. In October 2024, the related party exchanged all of their 2025 Unsecured Notes for Secured Notes. 

The Company had $77.3 million of Secured Notes due to Libman Family Holdings, LLC, as of both March 31, 2025 and December 31, 2024, recorded within Notes payable, net, in the Condensed Consolidated Statements of Financial Condition. 

40

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

17.    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 March 31, 2025For the three months ended March 31, 2024Basic earnings (loss) per share:NumeratorNet income (loss) from continuing operations$79,750 $(15,780)Less: Income (loss) from continuing operations attributable to noncontrolling interest(1)47,513 (10,145)Net income (loss) from continuing operations attributable to holders of Class A Common Stock - basic$32,237 $(5,635)Net loss from discontinued operations$(4,750)$(4,524)Less: Loss from discontinued operations attributable to noncontrolling interest(1)(2,722)(2,621)Net loss from discontinued operations attributable to holders of Class A Common Stock - basic$(2,028)$(1,903)DenominatorWeighted average shares of Class A Common Stock outstanding - basic 10,177,266 9,648,558 Basic earnings (loss) per shareContinuing operations$3.17 $(0.58)Discontinued operations(0.20)(0.20)Basic earnings (loss) per share$2.97 $(0.78)(1) The Class A LLC Units of FOA Equity, held by certain unitholders and AAG/Bloom (collectively, the “Equity Capital Unitholders”), which comprise the noncontrolling interest in the Company, represents a participating security. Therefore, the numerator was adjusted to reduce net income (loss) by the amount of net income (loss) attributable to noncontrolling interest.Additionally, the Class B Common Stock does not participate in earnings or losses of the Company and, therefore, is not