Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 42

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 42
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— Additional paid-in capital926,748 954,469 Accumulated deficit(643,278)(698,895)Accumulated other comprehensive loss(283)(276)Noncontrolling interest82,643 60,365 TOTAL EQUITY365,831 315,664 TOTAL LIABILITIES AND EQUITY$30,656,996 $29,156,490 

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)

6

Finance of America Companies Inc.Condensed Consolidated Statements of Financial Condition(in thousands)

The following table presents the assets and liabilities of the Company’s consolidated variable interest entities (“VIEs”), which are included in the Condensed Consolidated Statements of Financial Condition above, and excludes retained bonds and beneficial interests that eliminate in consolidation.

September 30, 2025December 31, 2024ASSETS(unaudited)Restricted cash$284,306 $248,905 Loans held for investment, subject to nonrecourse debt, at fair value10,085,088 8,904,303 Loans held for investment, at fair value15,385 168,641 Other assets, net (includes $51,542 and $0 at fair value)104,342 53,400 TOTAL ASSETS$10,489,121 $9,375,249 LIABILITIESNonrecourse debt, at fair value$9,782,201 $8,588,301 Other financing lines of credit42,168 136,157 Payables and other liabilities2,339 1,277 TOTAL LIABILITIES$9,826,708 $8,725,735 NET CARRYING VALUE OF ASSETS IN VIEs$662,413 $649,514 

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)

7

Finance of America Companies Inc.Condensed Consolidated Statements of Operations (Unaudited)(in thousands, except share data)

Three months endedNine months endedSeptember 30,September 30,2025202420252024PORTFOLIO INTEREST INCOMEInterest income$482,132 $489,900 $1,444,534 $1,431,970 Interest expense(404,031)(426,839)(1,236,534)(1,233,261)NET PORTFOLIO INTEREST INCOME78,101 63,061