Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 41

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 41
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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)

September 30, 2025December 31, 2024(unaudited)ASSETSCash and cash equivalents$109,793 $47,383 Restricted cash292,593 254,585 Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities (“HMBS”) related obligations, at fair value18,973,939 18,669,962 Loans held for investment, subject to nonrecourse debt, at fair value10,476,941 9,288,403 Loans held for investment, at fair value407,964 520,103 Intangible assets, net188,912 216,342 Other assets, net (includes $99,024 and $43,861 at fair value)205,912 157,261 Assets of discontinued operations942 2,451 TOTAL ASSETS$30,656,996 $29,156,490 LIABILITIES AND EQUITYHMBS related obligations, at fair value$18,758,558 $18,444,370 Nonrecourse debt, at fair value 10,155,869 8,954,068 Other financing lines of credit809,363 918,247 Notes payable (includes $49,844 and $0 at fair value, and includes amounts due to related parties of $77,283 and $162,283) 353,626 374,511 Payables and other liabilities (includes $8,891 and $16,684 at fair value)131,841 137,953 Repurchase agreement obligation80,298 — Liabilities of discontinued operations1,610 11,677 TOTAL LIABILITIES30,291,165 28,840,826 Commitments and Contingencies (Note 12)EQUITYClass A Common Stock, $0.0001 par value; 6,000,000,000 shares authorized; 11,505,120 and 10,360,299 shares issued, and 7,886,986 and 9,934,449 shares outstanding1 1 Class B Common Stock, $0.0001 par value; 1,000,000 shares authorized; 14 and 15 shares issued, and 12 and 15 shares outstanding—