Finance of America Companies (FOA)
NYSE:FOA
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.12Last Year’s EPS
0.55Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum and marked financial improvement driven by proprietary product growth, higher submissions and conversion metrics, robust portfolio securitization activity, and raised full-year EPS guidance. Key positives include doubled adjusted EPS year-over-year, rising tangible equity, higher funded volumes, product innovation (second-lien line of credit), and improved top-of-funnel efficiency. Areas of caution are seasonal variability in originations, dependence on favorable market timing for portfolio results, regulatory timing for the PHH-related HECM servicing rights, and ongoing investments and deleveraging priorities that will influence near-term capital allocation.Company Guidance
Strong Profitability and Earnings Upside
Net income of $35 million and adjusted net income of $26 million, or $1.10 per share, representing a 112% increase year-over-year; tangible equity rose to $268 million (≈$15 per share).
Fundings and Originations Momentum
Funded $596 million in the quarter, up 6% year-over-year; overall originations and submissions reached a quarter submission high of $918 million, up 20% year-over-year, indicating improving pipeline conversion.
Product-Level Growth — HomeSafe Second
HomeSafe Second originations reached a high watermark in Q1, increasing 32% year-over-year; company also rolled out a new second-lien line-of-credit option to expand use cases.
Top-of-Funnel and Conversion Improvements
March inquiry volume was up 84% versus the 2025 average while cost per inquiry declined 19%; qualified opportunities rose ~58% vs 2025, digital prequalification opt-ins more than doubled sequentially, and submissions per loan officer in March were up 47% year-over-year.
Portfolio Management Outperformance
Portfolio Management generated $28 million of adjusted net income for the quarter, driven by $1.7 billion of securitization activity across proprietary reverse and HECM buyouts, aided by favorable spreads and lower interest rates.
Improved Liquidity and Cash Flow
Reported cash balances increased from $90 million at year-end 2025 to $108 million at quarter-end; management noted cash is up 108% year-over-year and the company generated $58 million in cash flow from originations and capital markets activities during the quarter.
Capital Allocation and Deleveraging Plan
Used $40 million to repurchase Blackstone's equity position and reiterated plan to retire the $150 million senior secured corporate notes later this year as a priority to strengthen the balance sheet.
Raised Full-Year Earnings Guidance and Stable Volume Outlook
Maintained funded volume guidance of $2.8 billion to $3.1 billion for 2026 and increased full-year adjusted EPS guidance to $4.50–$5.00 per share, reflecting confidence from Q1 momentum.
Market Leadership and Product Expansion Opportunity
Company reiterated ~30% market share in proprietary reverse products, expanded product set (including proprietary first/second liens and lines of credit for 55+ borrowers), and emphasized a large addressable market (~$14.6 trillion senior home equity) driving multi-year growth potential.
FOA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FOA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $19.99 | $21.01 | +5.10% |
Mar 10, 2026 | $17.60 | $17.37 | -1.31% |
Nov 04, 2025 | $21.94 | $23.01 | +4.88% |
Aug 05, 2025 | $22.89 | $24.68 | +7.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Finance of America Companies (FOA) report earnings?
Finance of America Companies (FOA) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Finance of America Companies (FOA) earnings time?
Finance of America Companies (FOA) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FOA EPS forecast?
FOA EPS forecast for the fiscal quarter 2026 (Q2) is 1.12.