Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000044
Chunk: 70

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 70
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   |                                         2,352 |     |   |                                        6,431 |     |   |                                        6,174 |
| Marketing and advertising expenses             |     |   |                                        10,290 |     |   |                                        11,439 |     |   |                                       29,457 |     |   |                                       21,965 |
| Depreciation and amortization                  |     |   |                                         9,424 |     |   |                                         9,503 |     |   |                                       28,338 |     |   |                                       31,057 |
| General and administrative expenses            |     |   |                                         6,348 |     |   |                                         8,472 |     |   |                                       20,249 |     |   |                                       22,821 |
| Total expenses                                 |     | $ |                                        48,529 |     | $ |                                        60,034 |     | $ |                                      146,774 |     | $ |                                      154,325 |

For the three months ended September 30, 2024 versus the three months ended September 30, 2023

Total expenses decreased $11.5 million or 19.2% as a result of the following:

• Total salaries, benefits, and related expenses decreased $8.1 million or 28.5% primarily due to a decrease in average headcount for the three months ended September 30, 2024 at 446 compared to 670 for the 2023 period related to continued cost-cutting measures associated with the restructuring of the business, as well as lower commissions and bonuses due to channel mix and the lack of compensation cost associated with the Replacement Restricted Stock Units (“RSUs”) and Earnout Right RSUs for the three months ended September 30, 2024 when compared to the 2023 period.

• General and administrative expenses decreased $2.1 million or 25.1% primarily due to continued cost-cutting measures associated with the restructuring of the business for the three months ended September 30, 2024 when compared to the 2023 period.

#### 72
For the nine months ended September 30, 2024 versus the nine months ended September 30, 2023

Total expenses decreased $7.6 million or 4.9% as a result of the following:

• Total salaries, benefits, and related expenses decreased $10.0 million or 13.8% primarily