Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000042
Chunk: 71

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 71
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,167 |     |   |                                 10,526 |
| Depreciation and amortization                  |     |   |                                    9,426 |     |   |                                   11,911 |     |   |                                 18,914 |     |   |                                 21,554 |
| General and administrative expenses            |     |   |                                    6,684 |     |   |                                    9,336 |     |   |                                 13,901 |     |   |                                 14,349 |
| Total expenses                                 |     | $ |                                   48,835 |     | $ |                                   58,767 |     | $ |                                 98,245 |     | $ |                                 94,291 |

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

Total expenses decreased $9.9 million or 16.9% as a result of the following:

• Total salaries, benefits, and related expenses decreased $5.4 million or 20.4% primarily due to a decrease in average headcount for the three months ended June 30, 2024 at 495 compared to 683 for the 2023 period related to continued cost-cutting measures associated with the restructuring of the business.

• Marketing and advertising expenses increased $2.0 million or 23.0% primarily within our retail loan originations platform acquired from AAG/Bloom.

• General and administrative expenses decreased $2.7 million or 28.4% primarily due to continued cost-cutting measures associated with the restructuring of the business for the three months ended June 30, 2024 when compared to the 2023 period.

#### 73
For the six months ended June 30, 2024 versus the six months ended June 30, 2023

Total expenses increased $4.0 million or 4.2% as a result of the following:

• Total salaries, benefits, and related expenses decreased $2.0 million or 4.4% primarily due to a decrease in average headcount for the six months ended June 30, 2024 at 515 compared to 524 for the 2023 period related to continued cost-cutting measures associated with the restructuring of the business, partially offset by increased expenses associated with the onboarding of our retail loan originations platform acquired from AAG/Bloom in the 2023 period.

• Marketing and advertising expenses increased $