Company: FOACW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001828937-25-000061
Chunk: 19

Company: Finance of America Companies Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 2
Chunk 19
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,420)Total expenses14,938 16,573 29,237 35,848 Impairment of other assets— — — (600)Other, net(6,361)2,240 (3,994)3,867 NET LOSS BEFORE INCOME TAXES$(36,522)$(23,601)$(63,366)$(50,001)

57

In the table below is a summary of the components of Corporate and Other total expenses (in thousands):

For the three months ended June 30, 2025For the three months ended June 30, 2024For the six months ended June 30, 2025For the six months ended June 30, 2024Salaries and bonuses$14,202 $12,842 $26,974 $27,570 Other salary related expenses2,150 2,542 4,280 5,850 Shared services - payroll allocations(6,456)(5,209)(12,912)(10,419)Total salaries, benefits, and related expenses9,896 10,175 18,342 23,001 Marketing and advertising expenses8 6 9 12 Depreciation and amortization311 312 621 494 Communications and data processing and other expenses4,542 6,136 10,187 13,276 Professional and consulting fees3,517 3,485 6,750 6,146 Shared services - general and administrative allocations(3,336)(3,541)(6,672)(7,081)Total general and administrative expenses4,723 6,080 10,265 12,341 Total expenses$14,938 $16,573 $29,237 $35,848 

For the three months ended June 30, 2025 versus the three months ended June 30, 2024

Total revenues worsened by $6.0 million as a result of the following:

•Non-funding interest expense, net, increased $6.0 million during the three months ended June 30, 2025 compared to the 2024 period primarily due to the discount amortization expense related to the exchange of our senior notes that occurred on October 31, 2024, as well as increased cost of funds on our working capital promissory notes. 

Total expenses decreased $1.6 million or