Finance of America Companies Inc. FOA
Finance of America Companies Inc.
Finance of America Companies Inc. ("FOA") is a financial services holding company which, through its operating subsidiaries, is a leading provider of home equity-based financing solutions for a modern retirement. In addition, FOA offers capital markets and portfolio management capabilities primarily to optimize the distribution of its originated loans to investors.
FOA was incorporated in Delaware on October 9, 2020 and became a publicly-traded company on the New York Stock Exchange (the "NYSE") in April 2021, with trading beginning on April 5, 2021. On August 15, 2025, FOA's Class A Common Stock also began trading on NYSE Texas, Inc. ("NYSE Texas"). FOA continues to maintain its primary listing on the NYSE and trades under the same "FOA" ticker symbol on both exchanges.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $497.4M | $394.4M | $234.2M | $52.8M | — | $256.6M | $891.5M | — |
| SG&A | $51.1M | $59.5M | $82.2M | $71.1M | — | $116.1M | $256.2M | — |
| Total operating expenses | $369.5M | $343.7M | $392.0M | $418.2M | — | $235.3M | $818.3M | — |
| Operating income | — | — | — | — | — | -$2.4M | -$327.4K | — |
| Interest expense | $57.6M | $16.7M | $29.6M | $118.6M | — | $83.0M | $138.7M | — |
| Pre-tax income | $113.1M | $42.8M | -$166.8M | -$343.0M | — | $15.1M | $77.6M | — |
| Income tax | $3.5M | $2.4M | $593.0K | $17.1M | — | $150.0K | $949.0K | — |
| Net income | $103.0M | $36.0M | -$218.0M | -$190.7M | — | $518.4M | $54.4M | — |
| EPS, basic | 4.72 | 1.57 | -9.77 | -3.06 | — | — | — | — |
| EPS, diluted | 3.74 | 1.18 | -9.77 | -3.12 | — | — | — | — |
| Shares, diluted (wtd. avg.) | 26.9M | 23.4M | 8.2M | 188.2M | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $89.5M | $47.4M | $224.8M | $277.4M | $463.6M | $539.4M | $382.7M | $239.2M |
| Total current assets | — | — | — | — | — | $1.3M | $1.9M | — |
| Property, plant and equipment | $4.4M | $3.8M | $6.0M | $9.1M | $29.3M | $24.5M | — | — |
| Goodwill | — | — | — | $0 | $0 | $121.2M | $121.1M | — |
| Other intangibles | $179.6M | $216.3M | $253.5M | $297.1M | $602.9M | $16.9M | — | — |
| Total assets | $30.73B | $29.16B | $27.11B | $20.87B | $21.79B | $19.57B | $16.58B | — |
| Accounts payable | — | — | — | — | — | $26.1K | $2.6K | — |
| Total current liabilities | — | — | — | — | — | $51.1K | $172.9K | — |
| Long-term debt | $357.5M | $374.5M | $410.9M | $399.4M | $353.4M | — | — | — |
| Total liabilities | $30.34B | $28.84B | $26.84B | $20.47B | $20.71B | $18.77B | $25.1M | — |
| Retained earnings | -$653.7M | -$698.9M | -$714.4M | -$634.3M | -$443.6M | $0 | -$21.4M | — |
| Total equity | $395.6M | $315.7M | $272.4M | $404.8M | $1.08B | $2.34B | -$21.4M | $22.3K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$429.7M | -$423.8M | -$71.6M | $1.41B | — | -$686.1M | $101.1M | — |
| Depreciation and amortisation | $38.6M | $38.9M | $47.5M | $65.0M | — | $19.3M | $19.3M | — |
| Stock-based compensation | — | — | — | — | — | — | $2.9M | — |
| Capital expenditure | — | — | — | $11.2M | — | $9.0M | $4.3M | — |
| Investing cash flow | $854.9M | $340.9M | $158.1M | -$1.82B | — | -$875.1M | -$2.03B | — |
| Financing cash flow | -$402.5M | $160.1M | -$139.2M | $225.2M | — | $1.72B | $2.07B | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-013675.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $891.5M | $256.6M | — | $52.8M | $234.2M | $394.4M | $497.4M |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | — | $54.4M | $518.4M | — | -$190.7M | -$218.0M | $36.0M | $103.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Shareholder vote Item 5.07
- Material agreement signed Item 1.01
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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