Company: FOACW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-052025
Chunk: 14

Company: Finance of America Companies Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 14
---
985 28,338 General and administrative expenses5,563 6,348 16,373 20,249 Total expenses$50,783 $48,529 $151,219 $146,774 

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

Total expenses increased $2.3 million or 4.6% as a result of the following:

•Total salaries, benefits, and related expenses increased $2.8 million or 14.0% primarily due to increases in variable compensation as a result of higher loan production and increases in technology resources, partially offset by a decrease in average headcount during the three months ended September 30, 2025 when compared to the 2024 period.

•Marketing and advertising expenses increased $0.9 million related to brand marketing and our digital innovation strategy, which was partially offset by a decrease in General and administrative expenses of $0.8 million  primarily due to continued cost-cutting measures during the three months ended September 30, 2025 when compared to the 2024 period. 

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

Total expenses increased $4.4 million or 3.0% as a result of the following:

•Total salaries, benefits, and related expenses increased $5.9 million or 9.5% primarily due to increases in variable compensation as a result of higher loan production and increases in technology resources, partially offset by a decrease in average headcount during the nine months ended September 30, 2025 when compared to the 2024 period.

•Marketing and advertising expenses increased $4.8 million related to brand marketing and our digital innovation strategy, which was partially offset by a decrease in General and administrative expenses of $3.9 million primarily due to continued cost-cutting measures during the nine months ended September 30, 2025 when compared to the 2024 period. 

57

Portfolio Management Segment

The following table summarizes our Portfolio Management segment’s results (in thousands):

Three months endedNine months endedSeptember 30,September 30,2025202420252024Portfolio interest income:Interest income$482,132 $489,900 $1,444,534 $1,431,970 Interest expense(404,031)(426,839)(1