Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 2

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 2
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PART I - Financial InformationItem 1. Financial StatementsFinance of America Companies Inc.Condensed Consolidated Statements of Financial Condition(in thousands, except share data)

March 31, 2025December 31, 2024(unaudited)ASSETSCash and cash equivalents$52,016 $47,383 Restricted cash199,836 254,585 Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities (“HMBS”) related obligations, at fair value18,809,023 18,669,962 Loans held for investment, subject to nonrecourse debt, at fair value9,630,150 9,288,403 Loans held for investment, at fair value634,104 520,103 Intangible assets, net207,506 216,342 Other assets, net154,285 157,261 Assets of discontinued operations1,936 2,451 TOTAL ASSETS$29,688,856 $29,156,490 LIABILITIES AND EQUITYHMBS related obligations, at fair value$18,590,357 $18,444,370 Nonrecourse debt, at fair value 9,163,399 8,954,068 Other financing lines of credit1,008,894 918,247 Notes payable, net (includes amounts due to related parties of $162,283 as of both March 31, 2025 and December 31, 2024) 379,159 374,511 Payables and other liabilities140,709 137,953 Liabilities of discontinued operations11,452 11,677 TOTAL LIABILITIES29,293,970 28,840,826 Commitments and Contingencies (Note 12)EQUITY (Note 18)Class A Common Stock, $0.0001 par value; 6,000,000,000 shares authorized; 11,137,524 and 10,360,299 shares issued, respectively, and 10,711,674 and 9,934,449 shares outstanding, respectively1 1 Class B Common Stock, $0.0001 par value; 1,000,000 shares authorized; 14 and 15 shares issued and outstanding, respectively— — Additional paid-in capital961,044 954,469 Accumulated deficit(668,686)(698,895)Accumulated