What is Finance of America Companies' operating income?

Finance of America Companies' total operating income in 2025 was -$294.67 million, based on the following breakdown: Total Gross Profit: -$116.28 million Total Operating Expenses: $178.40 million

Finance of America Companies (FOA) Financials

$27.47 -0.43 (-1.53%)

Closing price 07/2/2026 03:59 PM Eastern

Extended Trading

$27.49 +0.02 (+0.06%)

As of 07/2/2026 07:56 PM Eastern

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Annual Income Statements for Finance of America Companies

This table shows Finance of America Companies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	54	518	-191	-80	15	45
Consolidated Net Income / (Loss)	77	498	-716	-218	36	103
Net Income / (Loss) Continuing Operations	77	498	-326	-166	40	110
Total Pre-Tax Income	78	500	-343	-167	43	113
Total Operating Income	175	506	-262	-358	-270	-295
Total Gross Profit	464	1,800	-42	-135	-109	-116
Total Revenue	993	1,800	165	43	30	29
Operating Revenue	993	1,800	165	43	30	29
Total Cost of Revenue	529	0.00	207	178	138	146
Operating Cost of Revenue	529	-	207	178	138	146
Total Operating Expenses	289	1,294	221	223	161	178
Selling, General & Admin Expense	256	1,264	71	82	59	51
Marketing Expense	-	-	13	32	39	49
Depreciation Expense	-	-	42	42	39	39
Other Operating Expenses / (Income)	33	30	85	57	68	85
Impairment Charge	0.00	-	9.53	9.30	0.89	0.00
Other Special Charges / (Income)	-	-	-	-	-46	-45
Total Other Income / (Expense), net	-97	-6.13	-81	191	312	408
Interest Expense	139	-	119	1,391	1,637	1,659
Interest & Investment Income	37	-	6.04	1,629	1,922	1,862
Other Income / (Expense), net	4.33	-6.13	32	-47	28	205
Income Tax Expense	0.95	2.34	-17	-0.59	2.40	3.52
Net Income / (Loss) Discontinued Operations	-	-	-390	-52	-4.73	-6.54
Preferred Stock Dividends Declared	-	-	-	-	0.00	0.20
Net Income / (Loss) Attributable to Noncontrolling Interest	22	-20	-525	-138	20	58
Basic Earnings per Share	$0.00	$0.00	($3.06)	($9.77)	$1.57	$4.72
Weighted Average Basic Shares Outstanding	0.00	0.00	62.30M	8.20M	9.85M	9.54M
Diluted Earnings per Share	$0.00	$0.00	($3.12)	($9.77)	$1.18	$3.74
Weighted Average Diluted Shares Outstanding	0.00	0.00	188.24M	8.20M	23.41M	26.93M
Weighted Average Basic & Diluted Shares Outstanding	7.19M	7.19M	63.84M	96.56M	10.71M	8.55M

This table shows Finance of America Companies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-65	61	-7.54	-2.09	84	-59	30	35	-9.52	-10	18
Consolidated Net Income / (Loss)	-175	165	-20	-5.12	204	-143	75	80	-30	-22	35
Net Income / (Loss) Continuing Operations	-172	171	-16	-4.92	204	-143	80	80	-29	-21	35
Total Pre-Tax Income	-173	172	-16	-3.77	208	-146	82	82	-29	-22	36
Total Operating Income	-93	-288	-86	-77	-72	-35	-70	-26	-96	-93	-88
Total Gross Profit	-35	-192	-33	-27	-23	-26	-28	-30	-28	-30	-36
Total Revenue	13	-154	6.32	8.10	8.05	7.07	6.35	6.74	8.81	7.60	6.11
Operating Revenue	13	-154	6.32	8.10	8.05	7.07	6.35	6.74	8.81	7.60	6.11
Total Cost of Revenue	49	38	39	35	31	33	34	37	37	38	43
Operating Cost of Revenue	49	38	39	35	31	33	34	37	37	38	43
Total Operating Expenses	57	97	53	50	49	8.61	42	-3.97	67	63	51
Selling, General & Admin Expense	21	23	17	16	14	12	13	13	13	12	14
Marketing Expense	11	9.73	8.51	11	10	9.89	11	12	11	14	13
Depreciation Expense	9.95	9.94	9.68	9.75	9.78	9.74	9.66	9.65	9.64	9.64	9.85
Other Operating Expenses / (Income)	14	13	17	13	15	23	19	17	34	16	25
Other Special Charges / (Income)	-	-	-	-	-	-	-10	-56	-	-	-12
Total Other Income / (Expense), net	-80	460	70	73	280	-111	151	108	67	71	124
Interest Expense	380	622	402	422	436	377	410	438	419	378	401
Interest & Investment Income	444	768	464	478	490	490	466	482	482	418	455
Other Income / (Expense), net	-144	314	7.79	17	227	-224	96	64	3.61	31	70
Income Tax Expense	-0.10	0.19	0.00	1.15	4.43	-3.18	1.94	2.13	0.13	-0.69	1.09
Net Income / (Loss) Discontinued Operations	-2.46	-6.70	-4.52	-0.20	0.00	-	-4.75	-	-1.17	-	0.00
Preferred Stock Dividends Declared	-	-	-	-	-	-	0.00	-	-	-	1.13
Net Income / (Loss) Attributable to Noncontrolling Interest	-110	103	-13	-3.04	120	-84	45	45	-20	-12	18
Basic Earnings per Share	($7.45)	$7.49	($0.78)	($0.21)	$8.48	($6.00)	$2.97	$3.16	($1.05)	($1.09)	$1.93
Weighted Average Basic Shares Outstanding	8.77M	8.20M	9.65M	9.90M	9.92M	9.85M	10.18M	11.04M	9.07M	9.54M	8.50M
Diluted Earnings per Share	($7.45)	$7.49	($0.78)	($0.30)	$7.50	($6.00)	$2.43	$2.13	($1.27)	($1.09)	$0.88
Weighted Average Diluted Shares Outstanding	8.77M	8.20M	9.65M	23.08M	23.16M	23.41M	30.17M	30.14M	19.24M	26.93M	19.24M
Weighted Average Basic & Diluted Shares Outstanding	87.94M	96.56M	98.81M	9.93M	9.93M	10.71M	11.06M	11.08M	7.89M	8.55M	8.89M

This table details how cash moves in and out of Finance of America Companies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	143	157	-186	-53	77	23
Net Cash From Operating Activities	101	-686	1,408	-72	-424	-430
Net Cash From Continuing Operating Activities	101	-686	1,408	-72	-424	-430
Net Income / (Loss) Continuing Operations	77	498	-716	-218	36	103
Consolidated Net Income / (Loss)	77	498	-716	-218	36	103
Depreciation Expense	19	19	65	48	39	39
Amortization Expense	-	-	-	-	3.00	19
Non-Cash Adjustments To Reconcile Net Income	41	-1,228	1,827	97	-454	-582
Changes in Operating Assets and Liabilities, net	-36	25	231	1.61	-47	-8.54
Net Cash From Investing Activities	-2,026	-875	-1,819	158	341	855
Net Cash From Continuing Investing Activities	-2,026	-875	-1,819	158	341	855
Purchase of Investments	-3,722	-3,721	-6,282	-3,130	-2,912	-3,347
Divestitures	-	-	0.00	71	3.00	0.00
Other Investing Activities, net	1,680	2,715	4,463	3,358	3,250	4,202
Net Cash From Financing Activities	2,068	1,718	225	-139	160	-402
Net Cash From Continuing Financing Activities	2,068	1,718	225	-139	160	-402
Repayment of Debt	-21,050	-36,664	-25,252	-6,720	-6,622	-8,228
Repurchase of Common Equity	-	-	-	-	0.00	-40
Payment of Dividends	-2.68	-380	-	-	0.00	-0.20
Issuance of Debt	23,785	38,654	24,939	6,334	9,035	10,472
Issuance of Preferred Equity	-	-	-	-	0.00	49
Other Financing Activities, net	-664	109	538	217	-2,253	-2,655
Effect of Exchange Rate Changes	0.02	-	-	-	-0.03	-0.01
Cash Interest Paid	159	169	269	308	433	625

This table details how cash moves in and out of Finance of America Companies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-65	-58	19	3.04	-26	82	-50	-15	166	-78	52
Net Cash From Operating Activities	-126	-61	-132	-104	-81	-106	-92	-96	-150	-91	-131
Net Cash From Continuing Operating Activities	-126	-61	-132	-104	-81	-106	-92	-96	-150	-91	-131
Net Income / (Loss) Continuing Operations	-175	165	-20	-5.12	204	-143	75	80	-30	-22	35
Consolidated Net Income / (Loss)	-175	165	-20	-5.12	204	-143	75	80	-30	-22	35
Non-Cash Adjustments To Reconcile Net Income	49	-275	-112	-99	-285	42	-167	-176	-120	-119	-166
Net Cash From Investing Activities	186	19	85	167	24	-31	45	138	264	408	95
Net Cash From Continuing Investing Activities	186	19	85	167	24	-31	45	138	264	408	95
Purchase of Investments	-774	-731	-695	-673	-724	-820	-817	-850	-828	-851	-789
Other Investing Activities, net	894	750	780	837	748	789	863	988	1,092	1,259	884
Net Cash From Financing Activities	-125	-15	66	-60	31	219	-3.50	-57	52	-394	88
Net Cash From Continuing Financing Activities	-125	-15	66	-60	31	219	-3.50	-57	52	-394	88
Repayment of Debt	-139	-2,761	-1,753	-1,032	-1,873	-1,684	-1,355	-1,610	-3,711	-1,553	-2,137
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-	-	-42
Payment of Dividends	-	-	-	-	-	-	0.00	-	-	-	-1.13
Issuance of Debt	1,481	1,095	2,302	1,529	2,488	1,988	1,967	2,273	4,430	1,802	2,917
Other Financing Activities, net	-1,468	1,650	-483	-557	-583	-85	-616	-720	-667	-652	-649
Effect of Exchange Rate Changes	-	-	-0.02	-0.03	0.07	-	-0.01	0.00	-	-0.00	0.00
Cash Interest Paid	71	98	100	78	96	158	147	210	132	136	244

This table presents Finance of America Companies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	294	19,565	21,789	20,873	27,108	29,156	30,733
Total Current Assets	1.65	233	141	61	46	47	90
Cash & Equivalents	1.59	233	141	61	46	47	90
Plant, Property, & Equipment, net	0.00	25	29	0.00	0.00	0.00	0.00
Total Noncurrent Assets	292	19,308	21,618	20,812	27,061	29,109	30,644
Long-Term Investments	-	9,929	10,556	-	17,549	18,670	19,135
Noncurrent Note & Lease Receivables	-	-	8,699	-	8,272	9,288	10,026
Intangible Assets	-	17	603	297	254	216	180
Other Noncurrent Operating Assets	292	9,240	1,761	20,201	980	932	1,303
Total Liabilities & Shareholders' Equity	294	19,565	21,789	20,873	27,108	29,156	30,733
Total Liabilities	28	18,771	20,706	20,468	26,835	28,841	30,338
Total Current Liabilities	0.10	400	0.00	401	220	138	131
Accounts Payable	0.09	400	-	174	220	138	131
Total Noncurrent Liabilities	28	18,371	20,706	20,067	26,616	28,703	30,207
Long-Term Debt	-	3,310	3,701	1,727	1,339	1,293	1,188
Other Noncurrent Operating Liabilities	28	15,061	17,005	18,340	25,258	27,398	29,019
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-22	628	1,083	405	272	316	396
Total Preferred & Common Equity	-22	628	388	254	232	255	324
Preferred Stock	0.00	-	-	-	-	0.00	0.00
Total Common Equity	-22	628	388	254	232	255	324
Common Stock	0.00	628	832	888	947	954	978
Retained Earnings	-22	0.00	-444	-634	-714	-699	-654
Accumulated Other Comprehensive Income / (Loss)	-	0.01	-0.11	-0.27	-0.25	-0.28	-0.29
Noncontrolling Interest	-	-0.15	695	151	40	60	72

This table presents Finance of America Companies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	26,397	27,684	27,974	28,950	29,689	30,147	30,657	31,328
Total Current Assets	66	48	47	44	52	46	110	108
Cash & Equivalents	66	48	47	44	52	46	110	108
Plant, Property, & Equipment, net	8.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	26,323	27,635	27,928	28,906	29,637	30,101	30,547	31,220
Long-Term Investments	17,186	18,051	18,196	18,521	18,809	18,858	18,974	19,321
Noncurrent Note & Lease Receivables	7,945	8,408	8,418	9,097	9,630	9,888	10,477	10,769
Intangible Assets	269	244	235	226	208	198	189	170
Other Noncurrent Operating Assets	915	925	1,074	1,058	988	1,155	906	960
Total Liabilities & Shareholders' Equity	26,397	27,684	27,974	28,950	29,689	30,147	30,657	31,328
Total Liabilities	26,294	27,428	27,723	28,494	29,294	29,674	30,291	30,890
Total Current Liabilities	0.00	0.00	157	161	141	139	132	134
Accounts Payable	-	-	157	161	141	139	132	134
Total Noncurrent Liabilities	26,294	27,428	27,566	28,333	29,153	29,535	30,159	30,756
Long-Term Debt	1,264	1,507	1,517	1,490	1,388	1,460	1,163	899
Other Noncurrent Operating Liabilities	25,012	25,900	26,031	26,829	27,754	28,069	28,995	29,856
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	104	256	251	456	395	473	366	438
Total Preferred & Common Equity	165	228	227	313	292	325	283	348
Preferred Stock	-	-	-	-	-	-	-	0.00
Total Common Equity	165	228	227	313	292	325	283	348
Common Stock	941	951	952	953	961	959	927	984
Retained Earnings	-776	-722	-724	-640	-669	-634	-643	-636
Accumulated Other Comprehensive Income / (Loss)	-0.22	-0.27	-0.30	-0.27	-0.29	-0.28	-0.28	-0.29
Noncontrolling Interest	-61	27	24	144	103	148	83	90

This table displays calculated financial ratios and metrics derived from Finance of America Companies' official financial filings.

Metric	2019	2020	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	35,937,500.00	62,962,588.00	87,943,946.00	9,926,427.00	7,891,360.00
DEI Adjusted Shares Outstanding	0.00	3,593,750.00	6,296,259.00	8,794,395.00	9,926,427.00	7,891,360.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	144.25	-30.29	-9.11	1.56	5.73
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	81.30%	0.00%	-73.73%	-32.00%	-0.18%
EBITDA Growth	0.00%	161.98%	0.00%	-116.18%	44.10%	83.75%
EBIT Growth	0.00%	179.49%	0.00%	-75.83%	40.31%	62.74%
NOPAT Growth	0.00%	192.15%	0.00%	-36.39%	-1.57%	-12.21%
Net Income Growth	0.00%	549.76%	0.00%	69.51%	116.36%	188.70%
EPS Growth	0.00%	0.00%	0.00%	69.51%	112.08%	216.95%
Operating Cash Flow Growth	0.00%	-778.46%	0.00%	-105.08%	-492.19%	-1.40%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	-95.07%	-70.65%
Invested Capital Growth	0.00%	-2,394.43%	0.00%	-904.84%	-7.06%	-3.17%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-85.35%	122.48%	1.80%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	20.23%	-346.20%	86.90%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	9.63%	-675.28%	68.57%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-338.77%	50.57%	-72.24%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	61.38%	-89.59%	683.36%
EPS Q/Q Growth	0.00%	0.00%	0.00%	61.38%	-91.39%	1,084.21%
Operating Cash Flow Q/Q Growth	0.00%	-149.81%	0.00%	-121.26%	-11.84%	3.32%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-100.00%	20.11%	297.08%	-67.11%
Invested Capital Q/Q Growth	0.00%	0.00%	284.40%	-0.61%	-2.95%	-0.50%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	46.70%	100.00%	-25.14%	-310.40%	-368.29%	-394.24%
EBITDA Margin	19.97%	28.86%	-100.02%	-822.92%	-676.44%	-110.12%
Operating Margin	17.59%	28.13%	-158.66%	-823.60%	-912.26%	-999.09%
EBIT Margin	18.03%	27.79%	-139.31%	-932.34%	-818.41%	-305.49%
Profit (Net Income) Margin	7.72%	27.66%	-432.68%	-502.09%	120.80%	349.36%
Tax Burden Percent	98.78%	99.53%	208.61%	130.76%	83.36%	91.11%
Interest Burden Percent	43.34%	100.00%	148.88%	41.19%	-17.71%	-125.52%
Effective Tax Rate	1.22%	0.47%	0.00%	0.00%	5.60%	3.11%
Return on Invested Capital (ROIC)	65.34%	0.00%	-9.26%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	6,096.84%	0.00%	-42.92%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-36.49%	0.00%	-167.49%	0.00%	0.00%	0.00%
Return on Equity (ROE)	28.85%	93.96%	-176.74%	-64.42%	12.14%	28.97%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	60.94%	5.04%	-1.08%	-1.69%	-0.86%	-0.30%
Return on Assets (ROA)	26.09%	5.01%	-3.35%	-0.91%	0.13%	0.34%
Return on Common Equity (ROCE)	-2.38%	53.75%	-76.24%	-46.25%	10.06%	23.59%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	173	504	-184	-250	-254	-286
NOPAT Margin	17.37%	28.00%	-111.06%	-576.52%	-861.17%	-968.00%
Net Nonoperating Expense Percent (NNEP)	-6,031.50%	-0.18%	33.67%	0.44%	1.72%	2.19%
Return On Investment Capital (ROIC_SIMPLE)	-787.98%	12.80%	-8.62%	-15.54%	-15.82%	-18.03%
Cost of Revenue to Revenue	53.30%	0.00%	125.14%	410.40%	468.29%	494.24%
SG&A Expenses to Revenue	25.80%	70.22%	42.98%	189.19%	201.25%	173.23%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.11%	71.87%	133.52%	513.20%	543.97%	604.86%
Earnings before Interest and Taxes (EBIT)	179	500	-230	-405	-242	-90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	198	520	-165	-358	-200	-32
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.31	0.42	1.09	0.59
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	7.17	1.32
Price to Revenue (P/Rev)	0.00	0.00	0.48	2.23	9.45	6.48
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	18.02	4.22
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	5.55%	23.68%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.96	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	11.47	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	1.35	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	4.17	4.27	4.92	4.10	3.00
Long-Term Debt to Equity	0.00	4.17	4.27	4.92	4.10	3.00
Financial Leverage	-0.01	-6.47	3.90	-21.65	-57.24	-49.84
Leverage Ratio	1.11	18.74	28.67	70.85	95.68	84.20
Compound Leverage Factor	0.48	18.74	42.69	29.18	-16.94	-105.69
Debt to Total Capital	0.00%	80.65%	81.01%	83.10%	80.37%	75.01%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	80.65%	81.01%	83.10%	80.37%	75.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	108.24%	4.05%	7.08%	2.49%	3.75%	4.53%
Common Equity to Total Capital	-8.24%	15.30%	11.91%	14.41%	15.87%	20.46%
Debt to EBITDA	0.00	6.37	-10.44	-3.75	-6.47	-36.57
Net Debt to EBITDA	0.00	-13.19	-10.07	45.46	87.18	555.33
Long-Term Debt to EBITDA	0.00	6.37	-10.44	-3.75	-6.47	-36.57
Debt to NOPAT	0.00	6.57	-9.40	-5.35	-5.08	-4.16
Net Debt to NOPAT	0.00	-13.59	-9.07	64.89	68.48	63.18
Long-Term Debt to NOPAT	0.00	6.57	-9.40	-5.35	-5.08	-4.16
Altman Z-Score	0.00	0.00	-0.09	-0.09	-0.06	-0.04
Noncontrolling Interest Sharing Ratio	108.24%	42.80%	56.86%	28.20%	17.08%	18.57%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	17.31	0.58	0.15	0.21	0.34	0.68
Quick Ratio	16.65	0.58	0.15	0.21	0.34	0.68
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	6,826	0.00	17,706	873	256
Operating Cash Flow to CapEx	2,357.78%	-7,600.42%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	12.73	0.53	0.15
Operating Cash Flow to Interest Expense	0.73	0.00	11.87	-0.05	-0.26	-0.26
Operating Cash Flow Less CapEx to Interest Expense	0.70	0.00	11.87	-0.05	-0.26	-0.26
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	3.38	0.18	0.01	0.00	0.00	0.00
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	6,111.78	0.00	0.00	0.91	0.77	1.09
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.06	0.00	0.00	402.52	471.58	336.38
Cash Conversion Cycle (CCC)	-0.06	0.00	0.00	-402.52	-471.58	-336.38
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	264	-6,058	1,984	-15,972	-17,100	-17,642
Invested Capital Turnover	3.76	-0.62	0.08	-0.01	0.00	0.00
Increase / (Decrease) in Invested Capital	0.00	-6,322	0.00	-17,956	-1,128	-542
Enterprise Value (EV)	0.00	0.00	1,897	-16,119	-17,085	-17,774
Market Capitalization	0.00	0.00	80	97	279	191
Book Value per Share	($3.05)	$17.48	$4.03	$2.64	$25.72	$41.04
Tangible Book Value per Share	($3.05)	$13.64	($0.69)	($0.24)	$3.92	$18.28
Total Capital	266	4,105	2,132	1,612	1,608	1,583
Total Debt	0.00	3,310	1,727	1,339	1,293	1,188
Total Long-Term Debt	0.00	3,310	1,727	1,339	1,293	1,188
Net Debt	-1.59	-6,852	1,666	-16,256	-17,425	-18,037
Capital Expenditures (CapEx)	4.29	9.03	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.03	-400	-401	-220	-138	-131
Debt-free Net Working Capital (DFNWC)	1.56	-167	-340	-173	-91	-41
Net Working Capital (NWC)	1.56	-167	-340	-173	-91	-41
Net Nonoperating Expense (NNE)	96	6.10	532	-32	-290	-389
Net Nonoperating Obligations (NNO)	-1.59	-6,852	1,580	-16,244	-17,415	-18,037
Total Depreciation and Amortization (D&A)	19	19	65	48	42	58
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-22.22%	-242.39%	-505.34%	-466.91%	-443.24%
Debt-free Net Working Capital to Revenue	0.16%	-9.27%	-205.41%	-398.36%	-306.54%	-139.78%
Net Working Capital to Revenue	0.16%	-9.27%	-205.41%	-398.36%	-306.54%	-139.78%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($30.60)	($9.80)	$0.00	$4.72
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	6.23M	8.20M	0.00	9.54M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($31.20)	($9.80)	$0.00	$3.74
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	18.82M	8.20M	0.00	26.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	6.38M	9.66M	0.00	8.55M
Normalized Net Operating Profit after Tax (NOPAT)	173	504	-177	-244	-297	-329
Normalized NOPAT Margin	17.37%	28.00%	-107.03%	-561.54%	-1,003.80%	-1,117.03%
Pre Tax Income Margin	7.81%	27.79%	-207.41%	-383.99%	144.91%	383.46%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	1.29	0.00	-1.94	-0.29	-0.15	-0.05
NOPAT to Interest Expense	1.24	0.00	-1.55	-0.18	-0.16	-0.17
EBIT Less CapEx to Interest Expense	1.26	0.00	-1.94	-0.29	-0.15	-0.05
NOPAT Less CapEx to Interest Expense	1.21	0.00	-1.55	-0.18	-0.16	-0.17
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	3.49%	76.41%	0.00%	0.00%	0.00%	0.19%
Augmented Payout Ratio	3.49%	76.41%	0.00%	0.00%	0.00%	39.16%

This table displays calculated financial ratios and metrics derived from Finance of America Companies' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	87,675,324.00	87,943,946.00	96,561,774.00	98,809,114.00	9,925,817.00	9,926,427.00	10,711,688.00	44,237,120.00	11,079,284.00	7,891,360.00	8,551,943.00
DEI Adjusted Shares Outstanding	8,767,532.00	8,794,395.00	9,656,177.00	9,880,911.00	9,925,817.00	9,926,427.00	10,711,688.00	44,237,120.00	11,079,284.00	7,891,360.00	8,551,943.00
DEI Earnings Per Adjusted Shares Outstanding	-7.46	6.98	-0.78	-0.21	8.48	-5.95	2.82	0.79	-0.86	-1.32	2.05
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	301.85%	-254.95%	-96.29%	-41.44%	-38.99%	104.60%	0.38%	-16.76%	9.42%	7.38%	-3.69%
EBITDA Growth	-175.85%	300.34%	-169.81%	81.33%	172.35%	-802.01%	152.59%	194.32%	-150.29%	79.01%	-120.83%
EBIT Growth	-187.96%	244.12%	-188.94%	78.68%	165.18%	-1,114.06%	133.64%	162.89%	-159.72%	76.07%	-166.16%
NOPAT Growth	9.65%	-3,310.78%	-172.39%	-21.65%	-8.88%	91.56%	-13.31%	52.51%	5.19%	-166.58%	-25.13%
Net Income Growth	42.02%	190.47%	-239.14%	97.70%	216.47%	-186.62%	469.39%	1,657.83%	-114.65%	84.63%	-53.11%
EPS Growth	42.02%	190.47%	-239.14%	97.70%	200.67%	-180.11%	411.54%	810.00%	-116.93%	81.83%	-63.79%
Operating Cash Flow Growth	-141.10%	-117.69%	-159.62%	2.01%	35.38%	-73.16%	30.37%	7.24%	-84.04%	13.90%	-42.11%
Free Cash Flow Firm Growth	112.80%	0.00%	-82.43%	-85.39%	-95.49%	-93.75%	-54.71%	-58.45%	32.25%	-56.77%	38.31%
Invested Capital Growth	-1,375.03%	-904.84%	-10.55%	-7.93%	-4.63%	-7.06%	-4.57%	-3.07%	-5.69%	-3.17%	-5.99%
Revenue Q/Q Growth	-4.51%	-1,265.78%	104.11%	28.06%	-0.52%	-12.17%	-10.29%	6.19%	30.78%	-13.81%	-19.54%
EBITDA Q/Q Growth	15.66%	115.61%	-292.36%	26.28%	426.78%	-251.50%	114.41%	32.21%	-274.22%	36.77%	85.70%
EBIT Q/Q Growth	15.83%	110.76%	-405.37%	22.92%	357.33%	-267.41%	110.13%	44.11%	-344.39%	32.93%	71.99%
NOPAT Q/Q Growth	-46.68%	-343.48%	79.20%	10.10%	-31.29%	65.61%	-179.18%	62.32%	-162.11%	3.32%	-31.04%
Net Income Q/Q Growth	21.37%	194.13%	-112.33%	74.76%	4,076.35%	-170.00%	152.58%	6.43%	-137.40%	26.56%	260.37%
EPS Q/Q Growth	21.37%	194.13%	-112.33%	74.76%	2,600.00%	-180.00%	140.50%	-12.35%	-159.62%	14.17%	180.73%
Operating Cash Flow Q/Q Growth	-18.64%	51.29%	-115.61%	21.36%	21.76%	-30.52%	13.30%	-4.77%	-55.22%	38.94%	-43.11%
Free Cash Flow Firm Q/Q Growth	86.15%	19.92%	-91.53%	-22.78%	-42.57%	66.19%	-38.55%	-29.15%	82.77%	-45.67%	96.61%
Invested Capital Q/Q Growth	-4.09%	-0.61%	-2.20%	-0.85%	-0.90%	-2.95%	0.18%	0.59%	-3.46%	-0.50%	-2.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-267.83%	0.00%	-517.26%	-332.97%	-285.93%	-369.34%	-434.67%	-448.66%	-322.61%	-395.27%	-597.06%
EBITDA Margin	-1,718.17%	0.00%	-1,077.59%	-620.31%	2,037.60%	-3,514.60%	564.58%	702.89%	-936.40%	-686.90%	-122.10%
Operating Margin	-702.85%	0.00%	-1,353.89%	-950.48%	-897.12%	-491.07%	-1,095.84%	-389.72%	-1,086.81%	-1,219.13%	-1,433.03%
EBIT Margin	-1,793.57%	0.00%	-1,230.67%	-740.77%	1,916.20%	-3,652.28%	412.39%	559.64%	-1,045.82%	-813.81%	-283.30%
Profit (Net Income) Margin	-1,325.14%	0.00%	-321.16%	-63.29%	2,529.77%	-2,016.24%	1,181.85%	1,184.49%	-338.78%	-288.67%	575.33%
Tax Burden Percent	101.37%	95.98%	128.67%	135.99%	97.87%	97.82%	91.81%	97.40%	104.56%	99.69%	96.99%
Interest Burden Percent	72.89%	673.34%	20.28%	6.28%	134.89%	56.44%	312.16%	217.31%	30.98%	35.58%	-209.40%
Effective Tax Rate	0.00%	0.11%	0.00%	0.00%	2.13%	0.00%	2.38%	2.60%	0.00%	0.00%	3.01%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-166.45%	-64.42%	-67.83%	-13.60%	122.48%	12.14%	40.27%	59.59%	-4.30%	28.97%	15.17%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-22.36%	0.00%	0.00%	0.00%	0.00%	-3.84%	0.43%	0.54%	-1.02%	-0.80%	-0.27%
Return on Assets (ROA)	-16.52%	0.00%	0.00%	0.00%	0.00%	-2.12%	1.22%	1.15%	-0.33%	-0.28%	0.55%
Return on Common Equity (ROCE)	-113.61%	-46.25%	-47.62%	-11.72%	104.47%	10.06%	32.21%	45.43%	-3.11%	23.59%	11.65%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-65	-288	-60	-54	-71	-24	-68	-26	-67	-65	-85
NOPAT Margin	-491.99%	0.00%	-947.72%	-665.34%	-878.05%	-343.75%	-1,069.78%	-379.58%	-760.77%	-853.39%	-1,389.83%
Net Nonoperating Expense Percent (NNEP)	-1.25%	6.17%	0.25%	0.30%	1.66%	-0.70%	0.84%	0.62%	0.21%	0.24%	0.67%
Return On Investment Capital (ROIC_SIMPLE)	-4.75%	-17.87%	-3.40%	-3.05%	-3.63%	-1.51%	-3.81%	-1.32%	-4.39%	-4.09%	-6.35%
Cost of Revenue to Revenue	367.83%	0.00%	617.26%	432.97%	385.93%	469.34%	534.67%	548.66%	422.61%	495.27%	697.06%
SG&A Expenses to Revenue	159.49%	0.00%	273.19%	200.61%	178.86%	163.20%	204.52%	195.58%	145.01%	160.01%	236.57%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	435.02%	0.00%	836.63%	617.51%	611.19%	121.73%	661.17%	-58.94%	764.20%	823.85%	835.98%
Earnings before Interest and Taxes (EBIT)	-237	25	-78	-60	154	-258	26	38	-92	-62	-17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-227	35	-68	-50	164	-249	36	47	-83	-52	-7.46
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.68	0.42	0.31	0.21	0.37	1.09	0.78	0.79	0.88	0.59	0.41
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	1.32	7.17	2.69	2.03	2.64	1.32	0.80
Price to Revenue (P/Rev)	0.38	2.23	0.00	0.00	0.00	9.45	7.70	9.14	8.58	6.48	4.85
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.84	18.02	4.28	2.86	0.00	4.22	4.36
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	118.37%	5.55%	23.38%	34.99%	0.00%	23.68%	22.92%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	12.20	4.92	5.89	6.04	3.27	4.10	3.52	3.08	3.18	3.00	2.05
Long-Term Debt to Equity	12.20	4.92	5.89	6.04	3.27	4.10	3.52	3.08	3.18	3.00	2.05
Financial Leverage	-25.98	-21.65	-42.66	-61.40	-59.00	-57.24	-52.32	-47.13	-42.55	-49.84	-43.21
Leverage Ratio	70.12	70.85	73.05	103.85	98.82	95.68	88.18	80.20	72.49	84.20	73.25
Compound Leverage Factor	51.10	477.04	14.82	6.52	133.30	54.00	275.27	174.28	22.46	29.96	-153.38
Debt to Total Capital	92.42%	83.10%	85.50%	85.79%	76.55%	80.37%	77.85%	75.52%	76.07%	75.01%	67.24%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	92.42%	83.10%	85.50%	85.79%	76.55%	80.37%	77.85%	75.52%	76.07%	75.01%	67.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-4.47%	2.49%	1.55%	1.36%	7.37%	3.75%	5.77%	7.66%	5.41%	4.53%	6.76%
Common Equity to Total Capital	12.05%	14.41%	12.96%	12.85%	16.08%	15.87%	16.38%	16.82%	18.52%	20.46%	26.00%
Debt to EBITDA	-2.82	-3.75	-2.85	-4.90	18.36	-6.47	-14.03	-1,107.18	-4.69	-36.57	-9.49
Net Debt to EBITDA	35.67	45.46	31.40	54.00	-210.34	87.18	176.66	13,225.41	72.28	555.33	195.47
Long-Term Debt to EBITDA	-2.82	-3.75	-2.85	-4.90	18.36	-6.47	-14.03	-1,107.18	-4.69	-36.57	-9.49
Debt to NOPAT	-22.14	-5.35	-4.06	-3.99	-2.90	-5.08	-5.65	-7.01	-7.02	-4.16	-2.99
Net Debt to NOPAT	280.04	64.89	44.72	43.95	33.17	68.48	71.13	83.76	108.11	63.18	61.69
Long-Term Debt to NOPAT	-22.14	-5.35	-4.06	-3.99	-2.90	-5.08	-5.65	-7.01	-7.02	-4.16	-2.99
Altman Z-Score	-0.05	-0.04	-0.05	-0.05	-0.02	-0.06	-0.03	-0.02	-0.03	-0.03	-0.03
Noncontrolling Interest Sharing Ratio	31.74%	28.20%	29.79%	13.81%	14.71%	17.08%	20.00%	23.77%	27.50%	18.57%	23.20%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.21	0.00	0.30	0.28	0.34	0.37	0.33	0.83	0.68	0.80
Quick Ratio	0.00	0.21	0.00	0.30	0.28	0.34	0.37	0.33	0.83	0.68	0.80
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	14,733	17,668	1,497	1,156	664	1,104	678	480	878	477	938
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	38.79	28.40	3.73	2.74	1.52	2.92	1.65	1.10	2.10	1.26	2.34
Operating Cash Flow to Interest Expense	-0.33	-0.10	-0.33	-0.25	-0.19	-0.28	-0.22	-0.22	-0.36	-0.24	-0.33
Operating Cash Flow Less CapEx to Interest Expense	-0.33	-0.10	-0.33	-0.25	-0.19	-0.28	-0.22	-0.22	-0.36	-0.24	-0.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	21.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.91	0.00	0.00	0.00	0.77	0.00	0.91	0.97	1.09	1.12
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	402.52	0.00	0.00	0.00	471.58	0.00	400.43	377.92	336.38	325.08
Cash Conversion Cycle (CCC)	0.00	-402.52	0.00	0.00	0.00	-471.58	0.00	-400.43	-377.92	-336.38	-325.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-15,874	-15,972	-16,323	-16,461	-16,609	-17,100	-17,069	-16,967	-17,554	-17,642	-18,091
Invested Capital Turnover	-0.04	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Increase / (Decrease) in Invested Capital	-14,798	-17,956	-1,557	-1,210	-735	-1,128	-746	-506	-945	-542	-1,023
Enterprise Value (EV)	-15,937	-16,119	-16,493	-16,653	-16,817	-17,085	-17,142	-17,038	-17,590	-17,774	-18,297
Market Capitalization	112	97	71	49	115	279	228	258	249	191	142
Book Value per Share	$1.88	$2.64	$2.37	$2.30	$31.53	$25.72	$27.27	$29.41	$25.56	$41.04	$40.66
Tangible Book Value per Share	($1.19)	($0.24)	($0.16)	($0.08)	$8.80	$3.92	$7.89	$11.49	$8.51	$18.28	$20.74
Total Capital	1,368	1,612	1,763	1,768	1,947	1,608	1,783	1,934	1,529	1,583	1,337
Total Debt	1,264	1,339	1,507	1,517	1,490	1,293	1,388	1,460	1,163	1,188	899
Total Long-Term Debt	1,264	1,339	1,507	1,517	1,490	1,293	1,388	1,460	1,163	1,188	899
Net Debt	-15,988	-16,256	-16,592	-16,726	-17,075	-17,425	-17,473	-17,444	-17,921	-18,037	-18,530
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-220	0.00	-157	-161	-138	-141	-139	-132	-131	-134
Debt-free Net Working Capital (DFNWC)	66	-173	48	-111	-117	-91	-89	-93	-22	-41	-27
Net Working Capital (NWC)	66	-173	48	-111	-117	-91	-89	-93	-22	-41	-27
Net Nonoperating Expense (NNE)	110	-453	-40	-49	-274	118	-143	-105	-37	-43	-120
Net Nonoperating Obligations (NNO)	-15,978	-16,244	-16,578	-16,712	-17,066	-17,415	-17,463	-17,441	-17,920	-18,037	-18,530
Total Depreciation and Amortization (D&A)	9.95	9.94	9.68	9.75	9.78	9.74	9.66	9.65	9.64	9.64	9.85
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-505.34%	0.00%	0.00%	0.00%	-466.91%	-475.85%	-493.92%	-455.06%	-443.24%	-459.30%
Debt-free Net Working Capital to Revenue	22.36%	-398.36%	0.00%	0.00%	0.00%	-306.54%	-299.94%	-329.19%	-76.10%	-139.78%	-91.37%
Net Working Capital to Revenue	22.36%	-398.36%	0.00%	0.00%	0.00%	-306.54%	-299.94%	-329.19%	-76.10%	-139.78%	-91.37%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($7.50)	$74.90	($0.80)	$0.00	$0.00	($6.00)	$2.97	$3.16	($1.05)	($1.09)	$1.93
Adjusted Weighted Average Basic Shares Outstanding	8.77M	819.78K	9.65M	0.00	0.00	9.85M	10.18M	11.04M	9.07M	9.54M	8.50M
Adjusted Diluted Earnings per Share	($7.50)	$74.90	($0.80)	$0.00	$0.00	($6.00)	$2.43	$2.13	($1.27)	($1.09)	$0.88
Adjusted Weighted Average Diluted Shares Outstanding	8.77M	819.78K	9.65M	0.00	0.00	23.41M	30.17M	30.14M	19.24M	26.93M	19.24M
Adjusted Basic & Diluted Earnings per Share	$0.00	$74.90	$0.00	$0.00	$0.00	($6.00)	$0.00	$0.00	$0.00	($1.09)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.79M	9.66M	9.88M	0.00	0.00	10.71M	11.06M	11.08M	7.89M	8.55M	8.89M
Normalized Net Operating Profit after Tax (NOPAT)	-65	-279	-59	-54	-71	-24	-78	-80	-67	-65	-96
Normalized NOPAT Margin	-489.03%	0.00%	-941.08%	-665.34%	-878.05%	-340.87%	-1,231.01%	-1,189.78%	-760.77%	-853.39%	-1,574.97%
Pre Tax Income Margin	-1,307.26%	0.00%	-249.60%	-46.54%	2,584.72%	-2,061.20%	1,287.31%	1,216.13%	-324.01%	-289.57%	593.21%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.62	0.04	-0.19	-0.14	0.35	-0.68	0.06	0.09	-0.22	-0.16	-0.04
NOPAT to Interest Expense	-0.17	-0.46	-0.15	-0.13	-0.16	-0.06	-0.17	-0.06	-0.16	-0.17	-0.21
EBIT Less CapEx to Interest Expense	-0.62	0.04	-0.19	-0.14	0.35	-0.68	0.06	0.09	-0.22	-0.16	-0.04
NOPAT Less CapEx to Interest Expense	-0.17	-0.46	-0.15	-0.13	-0.16	-0.06	-0.17	-0.06	-0.16	-0.17	-0.21
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.19%	2.09%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	39.16%	131.36%

Financials Breakdown Chart

Finance of America Companies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Finance of America Companies' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Finance of America Companies' net income appears to be on an upward trend, with a most recent value of $103.04 million in 2025, rising from $76.63 million in 2019. The previous period was $35.69 million in 2024. Check out Finance of America Companies' forecast to explore projected trends and price targets.

Finance of America Companies' total operating income in 2025 was -$294.67 million, based on the following breakdown:

Total Gross Profit: -$116.28 million
Total Operating Expenses: $178.40 million

Over the last 5 years, Finance of America Companies' total revenue changed from $992.93 million in 2019 to $29.49 million in 2025, a change of -97.0%.

Finance of America Companies' total liabilities were at $30.34 billion at the end of 2025, a 5.2% increase from 2024, and a 107,861.5% increase since 2019.

In the past 6 years, Finance of America Companies' cash and equivalents has ranged from $1.59 million in 2019 to $233.10 million in 2020, and is currently $89.50 million as of their latest financial filing in 2025.

Over the last 5 years, Finance of America Companies' book value per share changed from -3.05 in 2019 to 41.04 in 2025, a change of -1,447.3%.

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Financial statements for NYSE:FOA last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Finance of America Companies (FOA) Financials

Financials Breakdown Chart

Finance of America Companies Financials - Frequently Asked Questions

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Finance of America Companies (FOA) Financials

Annual Income Statements for Finance of America Companies

Quarterly Income Statements for Finance of America Companies

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Quarterly Cash Flow Statements for Finance of America Companies

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Financials Breakdown Chart

Finance of America Companies Financials - Frequently Asked Questions

When does Finance of America Companies' financial year end?

How has Finance of America Companies' net income changed over the last 5 years?

What is Finance of America Companies' operating income?

How has Finance of America Companies' revenue changed over the last 5 years?

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How has Finance of America Companies' book value per share changed over the last 5 years?

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