Finance of America Companies Inc.
FOA NYSE Mortgage Bankers & Loan Correspondents Financials FY2019–FY2025
Revenue
Total sales reported in the income statement.
$497M
26.1%
vs prior year
Operating margin
Operating income as a share of revenue.
—
Net income
Profit after all expenses, interest and tax.
$45.2M
192.1%
Free cash flow
Cash from operations minus capital spending.
—
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On −$1.22 EPS (TTM)
What Finance of America Companies Inc. does
No business description yet.
- Legal name
- Finance of America Companies Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 13, 2026
- Accession · CIK
- 0001628280-26-017692
0001828937
Revenue and margins
Finance of America Companies Inc. had $497M of revenue in fiscal 2025, up 26.1% on the year before.
FY19
Revenue $892M
FY20
Revenue $1.8B
FY22
Revenue —
FY23
Revenue $234M
FY24
Revenue $394M
FY25
Revenue $497M
Q3 '23
Revenue −$70.4M
Q4 '23
Revenue $276M
Q1 '24
Revenue $74.7M
Q2 '24
Revenue $79.0M
Q3 '24
Revenue $290M
Q4 '24
Revenue −$49.4M
Q1 '25
Revenue $166M
Q2 '25
Revenue $177M
Q3 '25
Revenue $80.8M
Q4 '25
Revenue $73.5M
Q1 '26
Revenue $120M
Q2 '26
Revenue $62.5M
FY19
Gross —
Operating −0.0%
Net 6.1%
FCF 10.9%
FY20
Gross —
Operating −0.1%
Net 28.8%
FCF −38.6%
FY22
Gross —
Operating —
Net —
FCF —
FY23
Gross —
Operating —
Net −34.2%
FCF —
FY24
Gross —
Operating —
Net 3.9%
FCF —
FY25
Gross —
Operating —
Net 9.1%
FCF —
Gross
Operating
Net
FCF
Q3 '23
Gross —
Operating —
Net 92.8%
FCF —
Q4 '23
Gross —
Operating —
Net 22.3%
FCF —
Q1 '24
Gross —
Operating —
Net −10.1%
FCF −177.7%
Q2 '24
Gross —
Operating —
Net −2.6%
FCF —
Q3 '24
Gross —
Operating —
Net 29.0%
FCF —
Q4 '24
Gross —
Operating —
Net 119.5%
FCF —
Q1 '25
Gross —
Operating —
Net 18.2%
FCF —
Q2 '25
Gross —
Operating —
Net 19.7%
FCF —
Q3 '25
Gross —
Operating —
Net −11.8%
FCF —
Q4 '25
Gross —
Operating —
Net −14.1%
FCF —
Q1 '26
Gross —
Operating —
Net 14.6%
FCF —
Q2 '26
Gross —
Operating —
Net 3.3%
FCF —
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY19
Net income $54.4M
FY20
Net income $518M
FY22
Net income —
FY23
Net income −$80.1M
FY24
Net income $15.5M
FY25
Net income $45.2M
Q3 '23
Net income −$65.4M
Q4 '23
Net income $61.4M
Q1 '24
Net income −$7.5M
Q2 '24
Net income −$2.1M
Q3 '24
Net income $84.2M
Q4 '24
Net income −$59.1M
Q1 '25
Net income $30.2M
Q2 '25
Net income $34.9M
Q3 '25
Net income −$9.5M
Q4 '25
Net income −$10.4M
Q1 '26
Net income $17.5M
Q2 '26
Net income $2.1M
FY19
Diluted EPS —
FY20
Diluted EPS —
FY22
Diluted EPS —
FY23
Diluted EPS −$9.77
FY24
Diluted EPS $1.18
FY25
Diluted EPS $3.74
Q3 '23
Diluted EPS −$7.45
Q4 '23
Diluted EPS $6.66
Q1 '24
Diluted EPS −$0.78
Q2 '24
Diluted EPS −$0.30
Q3 '24
Diluted EPS $7.50
Q4 '24
Diluted EPS −$5.24
Q1 '25
Diluted EPS $2.43
Q2 '25
Diluted EPS $2.13
Q3 '25
Diluted EPS −$1.27
Q4 '25
Diluted EPS $0.45
Q1 '26
Diluted EPS $0.88
Q2 '26
Diluted EPS −$1.28
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY19
Return on capital —
Return on equity —
Return on assets 0.3%
FY20
Return on capital —
Return on equity —
Return on assets 2.9%
FY22
Return on capital —
Return on equity —
Return on assets —
FY23
Return on capital —
Return on equity −23.7%
Return on assets −0.3%
FY24
Return on capital —
Return on equity 5.3%
Return on assets 0.1%
FY25
Return on capital —
Return on equity 12.7%
Return on assets 0.2%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was — in fiscal 2025, — of revenue. Cash from operations minus capital spending.
FY19
Free cash flow $96.8M
FY20
Free cash flow −$695M
FY22
Free cash flow —
FY23
Free cash flow —
FY24
Free cash flow —
FY25
Free cash flow —
Q3 '23
Free cash flow —
Q4 '23
Free cash flow —
Q1 '24
Free cash flow −$133M
Q2 '24
Free cash flow —
Q3 '24
Free cash flow —
Q4 '24
Free cash flow —
Q1 '25
Free cash flow —
Q2 '25
Free cash flow —
Q3 '25
Free cash flow —
Q4 '25
Free cash flow —
Q1 '26
Free cash flow —
Q2 '26
Free cash flow —
FY19
Cash from operations $101M
Capital spending $4.3M
FY20
Cash from operations −$686M
Capital spending $9.0M
FY22
Cash from operations —
Capital spending —
FY23
Cash from operations −$71.6M
Capital spending —
FY24
Cash from operations −$424M
Capital spending —
FY25
Cash from operations −$430M
Capital spending —
Cash from operations
Capital spending
Q3 '23
Cash from operations −$126M
Capital spending —
Q4 '23
Cash from operations −$61.3M
Capital spending —
Q1 '24
Cash from operations −$132M
Capital spending $0.5M
Q2 '24
Cash from operations −$104M
Capital spending —
Q3 '24
Cash from operations −$81.4M
Capital spending —
Q4 '24
Cash from operations −$106M
Capital spending —
Q1 '25
Cash from operations −$92.1M
Capital spending —
Q2 '25
Cash from operations −$96.5M
Capital spending —
Q3 '25
Cash from operations −$150M
Capital spending —
Q4 '25
Cash from operations −$91.4M
Capital spending —
Q1 '26
Cash from operations −$131M
Capital spending —
Q2 '26
Cash from operations −$183M
Capital spending —
Cash from operations
Capital spending
Dividends, buybacks and share count
Finance of America Companies Inc. returned — to shareholders in fiscal 2025. The diluted share count rose 15.1%.
FY19
Dividends —
Buybacks —
FY20
Dividends —
Buybacks —
FY22
Dividends —
Buybacks —
FY23
Dividends —
Buybacks —
FY24
Dividends —
Buybacks —
FY25
Dividends —
Buybacks —
Dividends
Buybacks
FY19
Diluted shares —
FY20
Diluted shares —
FY22
Diluted shares —
FY23
Diluted shares 0.01B
FY24
Diluted shares 0.02B
FY25
Diluted shares 0.03B
Balance sheet
Cash, debt and the ratios that show how comfortably Finance of America Companies Inc. can carry it.
FY19
Cash $383M
Debt —
FY20
Cash $233M
Debt —
FY22
Cash $61.1M
Debt $399M
FY23
Cash $46.5M
Debt $411M
FY24
Cash $47.4M
Debt $375M
FY25
Cash $89.5M
Debt $358M
Cash
Debt
| Fiscal year end | FY20 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $233M | $61.1M | $46.5M | $47.4M | $89.5M |
| Debt incl. finance leases | — | $399M | $411M | $375M | $358M |
| Debt / equity | — | 1.0x | 1.5x | 1.2x | 0.9x |
| Interest coverage | −0.0x | — | — | — | — |
| Current ratio | 0.5x | — | — | — | — |
| Quick ratio | 0.5x | — | — | — | — |
| Total assets | $19.6B | $20.9B | $27.1B | $29.2B | $30.7B |
| Total liabilities | $18.8B | $20.5B | $26.8B | $28.8B | $30.3B |
| Shareholders' equity | −$39.6M | $405M | $272M | $316M | $396M |
| Net debt (− = net cash) | — | $338M | $364M | $327M | $268M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY19 | FY20 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✕ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✕ | ✕ | ✕ | ✕ |
| Return on assets rose | — | ✓ | — | ✓ | ✓ |
| Cash from operations exceeds net income | ✓ | ✕ | ✓ | ✕ | ✕ |
| Debt fell relative to assets | — | — | ✓ | ✓ | ✓ |
| Current ratio rose | — | ✕ | — | — | — |
| Share count didn't rise | — | — | — | ✕ | ✕ |
| Gross margin rose | — | — | — | — | — |
| Revenue rose relative to assets | — | ✓ | — | ✓ | ✓ |
| F-score | — / 3 | — / 6 | — / 4 | 4 / 7 | 4 / 7 |
| Accruals ratio | −0.3% | 6.7% | −0.0% | 1.6% | 1.6% |
| Altman Z'' | −0.82 | −0.00 | — | — | — |
6 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY19 | FY20 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | $892M | $1.8B | — | $234M | $394M | $497M |
| Net interest income | −$101M | −$80.4M | — | $268M | $268M | $261M |
| Operating income | −$0.3M | −$2.4M | — | — | — | — |
| Interest expense | $139M | $123M | — | $119M | −$16.7M | $57.6M |
| Pretax income | $77.6M | $500M | — | −$167M | $42.8M | $113M |
| Income tax | $0.9M | $2.3M | — | −$0.6M | $2.4M | $3.5M |
| Net income | $54.4M | $518M | — | −$80.1M | $15.5M | $45.2M |
| Net income to common | $4.1M | −$17.7M | — | — | — | — |
| Diluted EPS | — | — | — | −$9.77 | $1.18 | $3.74 |
| Diluted shares | — | — | — | 0.01B | 0.02B | 0.03B |
| Cash flow | ||||||
| Cash from operations | $101M | −$686M | — | −$71.6M | −$424M | −$430M |
| Capital expenditure | $4.3M | $9.0M | — | — | — | — |
| Free cash flow | $96.8M | −$695M | — | — | — | — |
| Depreciation and amortization | $19.3M | $19.3M | — | $47.5M | $38.9M | $38.6M |
| Stock-based compensation | $2.9M | — | — | — | — | — |
| Acquisitions | — | $0.2M | — | $141M | $0.0M | — |
| Balance sheet | ||||||
| Cash and short-term investments | $383M | $233M | $61.1M | $46.5M | $47.4M | $89.5M |
| Total debt | — | — | $399M | $411M | $375M | $358M |
| Current assets | $1.7M | $0.9M | — | — | — | — |
| Current liabilities | $0.1M | $1.7M | — | — | — | — |
| Property and equipment, net | — | $24.5M | $9.1M | $6.0M | $3.8M | $4.4M |
| Goodwill | $121M | $121M | $0.0M | — | — | — |
| Intangible assets | — | $16.9M | $297M | $254M | $216M | $180M |
| Total assets | $16.6B | $19.6B | $20.9B | $27.1B | $29.2B | $30.7B |
| Total liabilities | $28.1M | $18.8B | $20.5B | $26.8B | $28.8B | $30.3B |
| Preferred stock | $0.0M | $0.0M | — | — | $0.0M | $0.0M |
| Shareholders' equity | −$21.9M | −$39.6M | $405M | $272M | $316M | $396M |
| Margins | ||||||
| Operating margin | −0.0% | −0.1% | — | — | — | — |
| EBITDA margin | 2.1% | 0.9% | — | — | — | — |
| Net margin | 6.1% | 28.8% | — | −34.2% | 3.9% | 9.1% |
| FCF margin | 10.9% | −38.6% | — | — | — | — |
| Net interest share of revenue | −11.4% | −4.5% | — | 114.4% | 67.9% | 52.4% |
| Returns | ||||||
| Return on capital employed | −0.0% | −0.0% | — | — | — | — |
| Return on equity | — | — | — | −23.7% | 5.3% | 12.7% |
| Return on assets | 0.3% | 2.9% | — | −0.3% | 0.1% | 0.2% |
| Return on tangible equity | — | — | — | −424.3% | 15.6% | 20.9% |
| Growth | ||||||
| Revenue growth | — | 101.9% | — | — | 68.4% | 26.1% |
| Net income growth | — | 852.7% | — | — | — | 192.1% |
| EPS growth | — | — | — | — | — | 216.9% |
| FCF growth | — | −817.8% | — | — | — | — |
| Share count change | — | — | — | — | 185.5% | 15.1% |
| Financial health | ||||||
| Debt / equity | — | — | 1.0x | 1.5x | 1.2x | 0.9x |
| Interest coverage | −0.0x | −0.0x | — | — | — | — |
| Current ratio | 17.3x | 0.5x | — | — | — | — |
| Quick ratio | 17.3x | 0.5x | — | — | — | — |
| Capital allocation | ||||||
| Capex / revenue | 0.5% | 0.5% | — | — | — | — |
| Stock comp / revenue | 0.3% | — | — | — | — | — |
| Quality scores | ||||||
| Piotroski F-score | — | — | — | — | 4.0 | 4.0 |
| Altman Z'' | −0.8 | −0.0 | — | — | — | — |
| Accruals ratio | −0.3% | 6.7% | — | −0.0% | 1.6% | 1.6% |
Source: SEC EDGAR XBRL filings (CIK 0001828937). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.