Finance of America (FOA)
Originates reverse mortgages for retirement and distributes the loans to investors.
$15.11
After hours−0.05 (−0.33%)
At close$15.16(+3.84%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 295 | 276 | 460 | 488 | 712 | 289 | 572 | 598 | 491 | 493 | 509 | 62 |
| Cost of revenue | 380 | 385 | 402 | 422 | 437 | 417 | 425 | 438 | 53 | 436 | 414 | 43 |
| Gross profit | −85 | 276 | 58 | 66 | 275 | −128 | 147 | 160 | 438 | 58 | 95 | 20 |
| 88 | 69 | 74 | 70 | 67 | 18 | 65 | 78 | 43 | 80 | 59 | 50 | |
| 81 | 31 | 65 | 62 | 56 | 29 | 58 | 62 | 61 | 41 | 70 | 31 | |
| Selling & marketing | 11 | 10 | 9 | 11 | 10 | 10 | 11 | 12 | 11 | 14 | 13 | 17 |
| General & administrative | 70 | 22 | 56 | 51 | 45 | 19 | 47 | 50 | 50 | 27 | 57 | 14 |
| Other expenses | 7 | 38 | 9 | 8 | 11 | −12 | 7 | 16 | −19 | 38 | −12 | 18 |
| Operating income | −173 | 206 | −16 | −4 | 208 | −146 | 82 | 82 | 395 | −22 | 36 | −30 |
| 0 | −35 | 0 | 0 | 0 | 0 | 0 | 0 | −424 | 0 | 0 | −41 | |
| Interest income | 444 | 495 | 464 | 478 | 491 | 474 | 481 | 482 | 482 | 475 | 468 | 490 |
| Interest expense | 380 | 385 | 402 | 422 | 437 | 417 | 425 | 438 | 419 | 436 | 414 | 448 |
| Other non-operating income | 0 | 206 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 29 |
| Income before tax | −173 | 172 | −16 | −4 | 208 | −146 | 82 | 82 | −29 | −22 | 36 | −71 |
| Income tax expense | 0 | 0 | 0 | 1 | 4 | −3 | 2 | 2 | 0 | −1 | 1 | −42 |
| Net income from continuing operations | −172 | 171 | −16 | −5 | 204 | −143 | 80 | 80 | −29 | −21 | 35 | −29 |
| Discontinued operations | −2 | −3 | −5 | 0 | 0 | 0 | −5 | 0 | −1 | −1 | 0 | 0 |
| Net income | −65 | 61 | −8 | −2 | 84 | −59 | 30 | 35 | −10 | −10 | 18 | 2 |
| EPS, basic | −$7.45 | $6.94 | −$0.78 | −$0.20 | $7.50 | −$12.24 | $1.00 | $2.13 | −$1.05 | −$1.34 | $1.93 | $0.10 |
| EPS, diluted | −$7.45 | $6.88 | −$0.78 | −$0.21 | $7.50 | −$12.24 | $1.00 | $2.13 | −$1.05 | −$1.34 | $1.77 | $0.26 |
| Weighted average shares, basic | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 8 | 8 | 8 |
| Weighted average shares, diluted | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 8 | 8 | 8 |
| EBITDA | −163 | 172 | −6 | 6 | 218 | −136 | 91 | 92 | 400 | −12 | 46 | 386 |
| Depreciation & amortization | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| EBIT | −173 | 172 | −16 | −4 | 208 | −146 | 82 | 82 | 390 | −22 | 36 | 376 |
