SequelSEC

Finance of America Companies Inc. FOA

Mortgage Bankers & Loan Correspondents · CIK 0001828937 · Fiscal year ends 1231 · Bank

AnnualQuarterlyTTM
Revenue
$497.43M
Fiscal year ended 2025-12-31
Net income
$45.24M
Fiscal year ended 2025-12-31
Total assets
$30.73B
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$143.30MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float / net income3.2×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue0.3×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.4×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Valuation over time

3.2× earnings today, against a median of 1.6× across 3 years on record. Above its own history.

Float measuredPublic floatFloat / net income
2025-06-30$143.30M3.2×
2024-06-30$25.40M1.6×
2020-06-30$267.75M0.5×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

How this compares in its industry

Percentile among the Mortgage Bankers & Loan Correspondents filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Net margin9.1%60th
Revenue YoY growth26.1%40th

Finance of America Companies Inc. (FOA) reported revenue of $497.43M and net income of $45.24M for the fiscal year ended 2025-12-31. This page shows 6 annual periods of income statement, balance sheet and cash flow figures normalized from Finance of America Companies Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Mortgage Bankers & Loan Correspondents.

Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.

Income

Finance of America Companies Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312020-12-312019-12-31
Revenue$497.43M$394.36M$234.25M$52.76M$1.80B$891.52M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailable-$2.39M-$327.40K
Net income$45.24M$15.49M-$80.09M-$190.68M$518.39M$54.41M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 26.93Mshares 23.41Mshares 8.20Mshares 188.24MUnavailableUnavailable
Pretax income$113.10M$42.82M-$166.84M-$343.00M$500.26M$77.58M
Income tax expense$3.52M$2.40M-$593.00K-$17.13M$2.34M$949.00K
Diluted EPS$3.74$1.18$-9.77$-3.12UnavailableUnavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$51.09M$59.46M$82.20M$71.08M$395.87M$256.22M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Finance of America Companies Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312020-12-312019-12-31
Cash & equivalents$89.50M$47.38M$46.48M$61.15M$233.10MUnavailable
Total assets$30.73B$29.16B$27.11B$20.87B$19.57B$16.58B
Current assetsUnavailableUnavailableUnavailableUnavailable$860.74K$1.65M
Total liabilities$30.34B$28.84B$26.84B$20.47B$18.77B$28.10M
Current liabilitiesUnavailableUnavailableUnavailableUnavailable$1.70M$95.46K
Total equity incl. NCI$395.63M$315.66M$272.41M$404.84M$628.04M-$21.89M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailable$166.23M$187.98M
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivable$26.42M$20.94M$27.49M$53.26MUnavailableUnavailable
GoodwillUnavailableUnavailableUnavailable$0$121.23M$121.14M
Long-term debt$357.55M$374.51M$410.91M$399.40MUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailable$916.94K$86.60K

Cash flow

Finance of America Companies Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312020-12-312019-12-31
Operating cash flow-$429.75M-$423.82M-$71.57M$1.41B-$686.09M$101.12M
Capital expendituresUnavailableUnavailableUnavailable$11.24M$9.03M$4.29M
Investing cash flow$854.89M$340.91M$158.14M-$1.82B-$875.11M-$2.03B
Financing cash flow-$402.45M$160.10M-$139.23M$225.21M$1.72B$2.07B
Net change in cash$22.68M$77.17M-$52.64M-$186.20M$156.70M$143.44M
Stock-based compensationUnavailableUnavailableUnavailableUnavailableUnavailable$2.92M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$38.60M$38.95M$47.54M$64.99M$19.33M$19.34M

Derived

Finance of America Companies Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312020-12-312019-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailable-$695.12M$96.84M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailableUnavailableUnavailable-38.6%10.9%
SBC / revenueUnavailableUnavailableUnavailableUnavailableUnavailable0.3%
Current ratioUnavailableUnavailableUnavailableUnavailable0.51x17.31x
Revenue YoY growth26.1%68.4%344.0%Unavailable101.9%Unavailable
Net margin9.1%3.9%-34.2%-361.4%28.8%6.1%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailable0.5%0.5%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate3.1%5.6%UnavailableUnavailable0.5%1.2%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FOA in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-07View SEC filing
10-Q · Filed 2026-05-11View SEC filing
10-K · Filed 2026-03-13View SEC filing
10-Q · Filed 2025-11-13View SEC filing
10-Q · Filed 2025-08-11View SEC filing
10-Q/A · Filed 2025-05-23View SEC filing

Companies in the same industry

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Reconciliation checks needing review

1 period on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

balance equationreview2019-12-31

Difference 16389914309 exceeds tolerance 16584101.000. Presentation or filing-vintage differences need review.