FOA

MKT CAP:$221M

Finance Of America Companies Inc.

Market Cap

$221M

Financial Services·Financial - Credit Services·🇺🇸 United States·NYSE

Financials·Financial·🇺🇸·NYSE

Stock Price

$23.27+$0.82 (+3.65%)

Apr 20, 2026

Company Details

Finance of America Companies Inc. operates a consumer lending platform in the United States. The company operates through: Mortgage Originations, Reverse Originations, Commercial Originations, Lender Services, and Portfolio Management segme...

CEO

Graham A. Fleming

IPO Date

Apr 18, 2019

Website

www.financeofamerica.com

Key Metrics TTM

Revenue

$1.9B

+45.0% YoY

Net Income

$217M

EPS (Diluted)

$4.91

Free Cash Flow

-$574M

Revenue / Share

$193.98

Gross Margin

49.7%

Operating Margin

17.9%

Net Margin

11.3%

FCF Margin

-29.8%

P/S

0.1x

P/E

1.0x

Earnings Reports

Q4 2024

May 5, 2026

PENDING

FY 2025

Mar 13, 2026

$290MEPS $3.74

Q3 2024

Nov 8, 2024

$712MEPS $7.50

Q4 2023

Mar 15, 2024

$276MEPS $6.88

Q2 2023

Aug 9, 2023

$230MEPS -$9.05

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 19	$184M	$184M	$11M
Q2 19	$184M	$184M	$11M
Q3 19	$275M	$275M	$47M
Q4 19	$250M	$250M	$19M
Q1 20	$188M	$188M	-$42M
Q2 20	$612M	$451M	$147M
Q4 20	$705M	$533M	$153M
Q2 23	$230M	-$127M	-$224M
Q4 23	$276M	$276M	$206M
Q3 24	$712M	$275M	$208M

Valuation

Quarter	P/S	P/E
Q1 19	—	—
Q2 19	—	—
Q3 19	—	—
Q4 19	0.4x	6.6x
Q1 20	0.3x	11.7x
Q2 20	0.2x	1.7x
Q4 20	0.2x	1.4x
Q2 23	0.1x	0.9x
Q4 23	0.1x	0.4x
Q3 24	0.1x	0.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 19	-$45M	-$46M
Q2 19	-$45M	-$46M
Q3 19	$737.0K	-$293.0K
Q4 19	$191M	$190M
Q1 20	-$133M	-$135M
Q2 20	$16M	$14M
Q4 20	-$309M	-$327M
Q2 23	-$106M	-$104M
Q4 23	-$61M	-$61M
Q3 24	-$81M	-$81M

Capital Expenditures

Quarter	CapEx
Q1 19	$1M
Q2 19	$1M
Q3 19	$1M
Q4 19	$0
Q1 20	$2M
Q2 20	$3M
Q4 20	$18M
Q2 23	$2M
Q4 23	$0
Q3 24	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 20	+2.2%	+32.6%
Q2 20	+232.2%	+167.9%
Q4 20	+156.2%	+141.8%
Q2 23	-8.1%	+96.1%
Q4 23	+46.5%	-69.9%
Q3 24	+16.4%	+8.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 19	$1M	0.8%
Q2 19	$1M	0.8%
Q3 19	$0	0.0%
Q4 19	$0	0.0%
Q1 20	$0	0.0%
Q2 20	$0	0.0%
Q4 20	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$10M	3.7%
Q3 24	-$1M	-0.1%

OpEx Breakdown

Quarter	G&A	S&M
Q1 19	$46M	$6M
Q2 19	$46M	$6M
Q3 19	$61M	$7M
Q4 19	$64M	$7M
Q1 20	$70M	$8M
Q2 20	$285M	—
Q4 20	$354M	—
Q2 23	$73M	$9M
Q4 23	$22M	$10M
Q3 24	$45M	$10M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$227M	$0	$227M
Q2 22	$219M	$0	$219M
Q3 22	$169M	$0	$169M
Q4 22	$61M	$0	$61M
Q1 23	$71M	$0	$71M
Q2 23	$56M	$0	$56M
Q3 23	$66M	$0	$66M
Q4 23	$46M	$0	$46M
Q1 24	$48M	$0	$48M
Q2 24	$47M	$0	$47M
Q3 24	$44M	$0	$44M
Q4 24	$47M	$0	$47M
Q1 25	$52M	$0	$52M
Q2 25	$46M	$0	$46M
Q3 25	$402M	$0	$402M
Q4 25	$90M	$0	$90M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 19	3M	—	—
Q2 19	3M	0.0%	—
Q3 19	3M	0.0%	—
Q4 19	4M	+25.0%	—
Q1 20	3M	-20.0%	0.0%
Q2 20	3M	0.0%	0.0%
Q4 20	4M	+25.0%	+25.0%
Q2 23	9M	+143.2%	+143.2%
Q4 23	9M	+2.1%	+210.4%
Q3 24	10M	+11.1%	+244.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 19	—	—
Q2 19	—	—
Q3 19	—	—
Q4 19	—	—
Q1 20	—	—
Q2 20	—	—
Q4 20	—	—
Q2 23	$119.0K	2K
Q4 23	$300.0K	919
Q3 24	$775.0K	919

Revenue / Employee