Finance Of America Companies Inc ( (FOA) ) has released its Q2 earnings. Here is a breakdown of the information Finance Of America Companies Inc presented to its investors.
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Finance of America Companies Inc., headquartered in Plano, Texas, is a prominent provider of home equity-based financing solutions, primarily catering to the retirement sector, with additional capabilities in capital markets and portfolio management.
In its second quarter of 2025 earnings report, Finance of America announced a net income of $80 million from continuing operations, translating to $3.16 in basic earnings per share. The company also reported $14 million in adjusted net income, or $0.55 in adjusted earnings per share, reflecting a strong financial performance.
Key highlights from the report include a 35% increase in funded volume compared to the same quarter last year, reaching $602 million, and an adjusted EBITDA of $30 million. The company also saw a significant improvement in adjusted net income year-to-date, totaling $27 million compared to a $7 million loss in the first half of 2024. Additionally, Finance of America entered into an agreement to repurchase Blackstone’s equity stake, enhancing its financial flexibility.
The company’s total equity rose to $473 million as of June 30, 2025, a 20% increase from the previous quarter, driven by improved operational performance and positive fair value adjustments. The Retirement Solutions segment saw a 600% improvement in pre-tax income compared to the previous year, while the Portfolio Management segment reported a 391% increase in pre-tax income.
Looking ahead, Finance of America’s management remains optimistic about the company’s growth prospects, citing the success of its new brand campaign and digital initiatives. The company aims to continue leading the market for home equity solutions, driven by increasing demand from a growing demographic.