Quarterly report [Sections 13 or 15(d)]

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue    
Loan origination fees and gain on sale of loans, net $ 185,213 $ 134,060
Gain on reverse mortgage loans held for investment and HMBS-related borrowings, net 2,915 3,230
Loan servicing and other fees 72,751 65,788
Valuation adjustment of mortgage servicing rights (69,936) 20,778
Interest income 29,094 24,728
Interest expense (22,079) (16,541)
Other income (expense), net 528 (261)
Net revenue 198,486 231,782
Expenses    
Salaries, incentive compensation and benefits 173,212 140,067
General and administrative 29,153 29,211
Occupancy, equipment and communication 21,720 19,815
Depreciation and amortization 3,647 3,754
Provision for foreclosure losses 2,378 392
Total expenses 230,110 193,239
(Loss) income before income taxes (31,624) 38,543
Income tax (benefit) expense (7,665) 10,143
Net (loss) income (23,959) 28,400
Net loss attributable to non-controlling interests (62) (98)
Net (loss) income attributable to Guild $ (23,897) $ 28,498
(Loss) earnings per share attributable to Class A and Class B common stock:    
Basic (in dollars per share) $ (0.39) $ 0.47
Diluted (in dollars per share) $ (0.39) $ 0.46
Weighted average shares outstanding of Class A and Class B common stock:    
Basic (in shares) 61,909 61,109
Diluted (in shares) 61,909 62,157