Company: FOACW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001828937-25-000061
Chunk: 40

Company: Finance of America Companies Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 40
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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)

June 30, 2025December 31, 2024(unaudited)ASSETSCash and cash equivalents$46,476 $47,383 Restricted cash190,176 254,585 Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities (“HMBS”) related obligations, at fair value18,858,220 18,669,962 Loans held for investment, subject to nonrecourse debt, at fair value9,888,492 9,288,403 Loans held for investment, at fair value634,935 520,103 Intangible assets, net198,209 216,342 Other assets, net329,677 157,261 Assets of discontinued operations1,264 2,451 TOTAL ASSETS$30,147,449 $29,156,490 LIABILITIES AND EQUITYHMBS related obligations, at fair value$18,643,094 $18,444,370 Nonrecourse debt, at fair value 9,426,194 8,954,068 Other financing lines of credit1,076,434 918,247 Notes payable, net (includes amounts due to related parties of $162,283 as of both June 30, 2025 and December 31, 2024) 383,941 374,511 Payables and other liabilities139,350 137,953 Liabilities of discontinued operations5,011 11,677 TOTAL LIABILITIES29,674,024 28,840,826 Commitments and Contingencies (Note 11)EQUITYClass A Common Stock, $0.0001 par value; 6,000,000,000 shares authorized; 11,502,488 and 10,360,299 shares issued, respectively, and 11,076,638 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 capital959,306 954,469 Accumulated deficit(633,763)(698,895)Accumulated other comprehensive loss(283