Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 112

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 112
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 Solutions segment’s total expenses (in thousands):

Three months endedNine months endedSeptember 30,September 30,2025202420252024Salaries$15,274 $13,451 $44,341 $41,054 Commissions and bonuses5,483 4,726 16,603 13,536 Other salary related expenses2,284 2,040 7,302 7,709 Total salaries, benefits, and related expenses23,041 20,217 68,246 62,299 Loan production expenses1,621 2,250 4,398 6,431 Marketing and advertising expenses11,230 10,290 34,217 29,457 Depreciation and amortization9,328 9,424 27,985 28,338 General and administrative expenses5,563 6,348 16,373 20,249 Total expenses$50,783 $48,529 $151,219 $146,774 

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

Total expenses increased $2.3 million or 4.6% as a result of the following:

•Total salaries, benefits, and related expenses increased $2.8 million or 14.0% primarily due to increases in variable compensation as a result of higher loan production and increases in technology resources, partially offset by a decrease in average headcount during the three months ended September 30, 2025 when compared to the 2024 period.

•Marketing and advertising expenses increased $0.9 million related to brand marketing and our digital innovation strategy, which was partially offset by a decrease in General and administrative expenses of $0.8 million  primarily due to continued cost-cutting measures during the three months ended September 30, 2025 when compared to the 2024 period. 

For the nine months ended September 30, 2025 versus the nine months ended September 30, 2024

Total expenses increased $4.4 million or 3.0% as a result of the following:

•Total salaries, benefits, and related expenses increased $5.9 million or 9.5% primarily due to increases in variable compensation as a result of higher loan production and increases in technology resources, partially offset by a decrease in average headcount during the nine months