Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 20

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 20
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 2024 period.

Corporate and Other

Corporate and Other consists of our corporate services groups. These groups support our operating segments, and the cost of services directly supporting the operating segments are allocated to those operating segments on a cost-of-service basis. Enterprise-focused Corporate and Other expenses that are not incurred in direct support of the operating segments are kept unallocated within Corporate and Other.

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The following table summarizes Corporate and Other results (in thousands):

Three months endedNine months endedSeptember 30,September 30,2025202420252024Non-funding interest expense, net$(14,488)$(9,219)$(44,623)$(26,639)Total revenues(14,488)(9,219)(44,623)(26,639)Total expenses15,676 13,514 44,913 49,362 Impairment of other assets— — — (600)Other, net(4,809)(1,592)(8,803)2,275 NET LOSS BEFORE INCOME TAXES$(34,973)$(24,325)$(98,339)$(74,326)

The following table provides a summary of the components of Corporate and Other total expenses (in thousands):

Three months endedNine months endedSeptember 30,September 30,2025202420252024Salaries and bonuses$15,431 $12,044 $42,405 $39,614 Other salary related expenses1,971 1,566 6,251 7,416 Shared services - payroll allocations(6,868)(5,831)(19,780)(16,250)Total salaries, benefits, and related expenses10,534 7,779 28,876 30,780 Marketing and advertising expenses1 34 10 46 Depreciation and amortization310 312 931 806 Communications and data processing and other expenses4,666 5,545 14,853 18,821 Professional and consulting fees3,099 3,681 9,849 9,827 Shared services - general and administrative allocations(2,934)(3,837)(9,606)(10,918)Total general and administrative expenses4,831 5,389 15,096 17,730 Total expenses$15,676 $13,514 $44,913 $49,362 

For the three months ended September 30,