Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 119

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 119
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, 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, 2025 versus the three months ended September 30, 2024

Total revenues worsened by $5.3 million as a result of the following:

•Non-funding interest expense, net, increased $5.3 million during the three months ended September 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, which was partially offset by decreased cost of funds on our working capital promissory notes. 

Total expenses increased $2.2 million or 16.0% as a result of the following:

•Salaries, benefits, and related expenses, net of shared services allocations, increased $2.8 million or 35.4% for the three months ended September 30, 2025 when compared to the 2024 period primarily due to increases in incentive compensation.

•General and administrative expenses, net of shared services allocations, decreased $0.6 million or 10.4% primarily due to continued cost-cutting initiatives that align expenses with our unified modern retirement solutions platform during the three months ended September 30, 2025 when compared to the 2024 period.

Other, net, changed $3.2 million primarily due to valuation changes in the convertible notes and deferred purchase price liabilities. 

62

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

Total revenues worsened by $18.0 million as a result of the following:

•Non-funding interest expense, net, increased $18.0 million during the nine months ended