Company: FOACW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001828937-25-000061
Chunk: 97

Company: Finance of America Companies Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 97
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 our subsequent periodic reports filed with the SEC.

47

Results of Operations

Overview

The following tables present selected financial data for the three and six months ended June 30, 2025 and 2024.

Consolidated Results

The following table summarizes our consolidated operating results from continuing operations (in thousands):

For the three months ended June 30, 2025For the three months ended June 30, 2024For the six months ended June 30, 2025For the six months ended June 30, 2024Portfolio interest income:Interest income$481,800 $478,091 $962,402 $942,070 Interest expense(422,336)(412,618)(832,503)(806,422)Net portfolio interest income59,464 65,473 129,899 135,648 Other income (expense):Net origination gains56,058 40,260 102,096 79,917 Gain on securitization of HECM tails, net10,855 11,031 21,336 21,757 Fair value changes from model amortization(35,456)(47,813)(76,412)(105,421)Fair value changes from market inputs or model assumptions94,939 11,260 183,202 24,822 Net fair value changes on loans and related obligations126,396 14,738 230,222 21,075 Fee income6,739 8,096 13,085 14,418 Non-funding interest expense, net(15,223)(9,268)(30,135)(17,420)Net other income (expense)117,912 13,566 213,172 18,073 Total revenues177,376 79,039 343,071 153,721 ExpensesSalaries, benefits, and related expenses36,974 35,053 70,904 74,076 Loan production and portfolio related expenses9,462 5,662 20,792 14,275 Loan servicing expenses7,525 7,632 15,266 15,850 Marketing and advertising expenses12,265 10,706 22,996 19,218 Depreciation and amortization9,654 9,753 19,312 19,431 General and administrative expenses13,180 16,241 26,159 33