FOA on NYSE
Finance of America Companies Inc.
American mortgage bankers and loan correspondents company, listed on NYSE (FOA)1
In its 2026 annual report the company says: “Finance of America Companies Inc. is a financial services holding company which, through its operating subsidiaries, is a leading provider of home equity-based financing solutions for a modern retirement. In addition, FOA offers capital markets and portfolio management capabilities primarily to optimize the distribution of its originated loans to investors.”5 It is headquartered in Plano, Texas.1
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Last updated Oct 21, 2026.
Overview
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- TickerFOA on NYSE1
- IndustryMortgage Bankers & Loan Correspondents1
- HeadquartersPlano, Texas1
- Incorporated inDE3
- Business address5830 Granite Parkway, Suite 400, Plano, Tx 750243
- Filer categoryAccelerated filer, Smaller reporting company3
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Finance of America Companies Inc. (“FOA”) is a financial services holding company which, through its operating subsidiaries, is a leading provider of home equity-based financing solutions for a modern retirement. In addition, FOA offers capital markets and portfolio management capabilities primarily to optimize the distribution of its originated loans to investors.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs90¢$448.7M
- Income tax1¢$3.5M
- Profit9¢$45.2M
Out of $497.4M in revenue.2
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Interest income | $1.9B | $1.9B |
| Interest expense | -$1.7B | -$1.6B |
| NET PORTFOLIO INTEREST INCOME | $260.8M | $267.9M |
| Net origination gains | $226.1M | $179.8M |
| Gains on securitization of home equity conversion mortgage (HECM) tails, net | $45.4M | $45.5M |
| Fair value changes from model amortization | -$153.7M | -$201.1M |
| Fair value changes from market inputs or model assumptions | $147.0M | $55.9M |
| Net fair value changes on loans and related obligations | $264.7M | $80.2M |
| Fee income | $29.5M | $29.5M |
| Non-funding interest income (expense), net | -$57.6M | $16.7M |
| NET OTHER INCOME (EXPENSE) | $236.7M | $126.4M |
| TOTAL REVENUES | $497.4M | $394.4M |
| Salaries, benefits, and related expenses | $145.8M | $138.4M |
| Loan production and portfolio related expenses | $54.3M | $36.2M |
| Loan servicing expenses | $31.2M | $31.3M |
| Marketing and advertising expenses | $48.6M | $39.4M |
| Amortization and depreciation | $38.6M | $38.9M |
| General and administrative expenses | $51.1M | $59.5M |
| TOTAL EXPENSES | $369.5M | $343.7M |
| IMPAIRMENT OF OTHER ASSETS | $0 | -$891.0K |
| OTHER, NET | -$14.8M | -$6.9M |
| NET INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | $113.1M | $42.8M |
| Provision for income taxes from continuing operations | $3.5M | $2.4M |
| NET INCOME FROM CONTINUING OPERATIONS | $109.6M | $40.4M |
| NET LOSS FROM DISCONTINUED OPERATIONS | -$6.5M | -$4.7M |
| NET INCOME | $103.0M | $35.7M |
| Net income from continuing operations attributable to noncontrolling interest | $61.4M | $22.9M |
| Net loss from discontinued operations attributable to noncontrolling interest | -$3.6M | -$2.7M |
| NET INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO CONTROLLING INTEREST | $48.2M | $17.5M |
| NET LOSS FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO CONTROLLING INTEREST | -$3.0M | -$2.0M |
| NET INCOME ATTRIBUTABLE TO CONTROLLING INTEREST | $45.2M | $15.5M |
| Preferred Stock dividends | $196.0K | $0 |
| NET INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO HOLDERS OF CLASS A COMMON STOCK | $48.0M | $17.5M |
| Basic weighted average shares outstanding (in shares) | 9.5M shares | 9.9M shares |
| Basic earnings per share from continuing operations (in USD per share) | $5 | $2 |
| Basic earnings per share (in USD per share) | $4.72 | $1.57 |
| Diluted weighted average shares outstanding (in shares) | 26.9M shares | 23.4M shares |
| Diluted earnings per share from continuing operations (in USD per share) | $4 | $1 |
| Diluted earnings per share (in USD per share) | $3.74 | $1.18 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $89.5M | $47.4M | ||
| Restricted cash | $235.1M | $254.6M | ||
| Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities (HMBS) related obligations, at fair value | $19.1B | $18.7B | ||
| Loans held for investment, subject to nonrecourse debt, at fair value | $10.0B | $9.3B | ||
| Loans held for investment, at fair value | $870.1M | $520.1M | ||
| Intangible assets, net | $179.6M | $216.3M | ||
| Other assets, net (includes $76,146 and $43,861 at fair value) | $197.4M | $157.3M | ||
| Assets of discontinued operations | $0 | $2.5M | ||
| TOTAL ASSETS | $30.7B | $29.2B | ||
| HMBS related obligations, at fair value | $18.9B | $18.4B | ||
| Nonrecourse debt, at fair value | $9.7B | $9.0B | ||
| Other financing lines of credit | $1.2B | $918.2M | ||
| Notes payable (includes $53,800 and $0 at fair value, and includes amounts due to related parties of $87,126 and $162,283) | $329.9M | $374.5M | ||
| Payables and other liabilities (includes $12,547 and $16,684 at fair value) | $130.7M | $138.0M | ||
| Repurchase Agreement obligation | $40.6M | $0 | ||
| Liabilities of discontinued operations | $0 | $11.7M | ||
| TOTAL LIABILITIES | $30.3B | $28.8B | ||
| Preferred Stock, $0.0001 par value; 600,000,000 shares authorized; 50,000 and 0 shares issued and outstanding | $0 | $0 | ||
| Additional paid-in capital | $977.8M | $954.5M | ||
| Accumulated deficit | -$653.7M | -$698.9M | ||
| Accumulated other comprehensive loss | -$285.0K | -$276.0K | ||
| Noncontrolling interest | $71.8M | $60.4M | ||
| TOTAL EQUITY | $395.6M | $315.7M | $272.4M | |
| TOTAL LIABILITIES AND EQUITY | $30.7B | $29.2B | ||
| Other assets, net at fair value | $76.1M | $43.9M | ||
| Payables and other liabilities at fair value | $12.5M | $16.7M | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |
| Preferred stock, authorized (in shares) | 600.0M shares | 600.0M shares | ||
| Preferred stock, issued (in shares) | 50.0K shares | 0 shares | ||
| Preferred stock, outstanding (in shares) | 50.0K shares | 0 shares |
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $89.5M | $47.4M | ||
| Restricted cash | $235.1M | $254.6M | ||
| Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities (HMBS) related obligations, at fair value | $19.1B | $18.7B | ||
| Loans held for investment, subject to nonrecourse debt, at fair value | $10.0B | $9.3B | ||
| Loans held for investment, at fair value | $870.1M | $520.1M | ||
| Intangible assets, net | $179.6M | $216.3M | ||
| Other assets, net (includes $76,146 and $43,861 at fair value) | $197.4M | $157.3M | ||
| Assets of discontinued operations | $0 | $2.5M | ||
| TOTAL ASSETS | $30.7B | $29.2B | ||
| HMBS related obligations, at fair value | $18.9B | $18.4B | ||
| Nonrecourse debt, at fair value | $9.7B | $9.0B | ||
| Other financing lines of credit | $1.2B | $918.2M | ||
| Notes payable (includes $53,800 and $0 at fair value, and includes amounts due to related parties of $87,126 and $162,283) | $329.9M | $374.5M | ||
| Payables and other liabilities (includes $12,547 and $16,684 at fair value) | $130.7M | $138.0M | ||
| Repurchase Agreement obligation | $40.6M | $0 | ||
| Liabilities of discontinued operations | $0 | $11.7M | ||
| TOTAL LIABILITIES | $30.3B | $28.8B | ||
| Preferred Stock, $0.0001 par value; 600,000,000 shares authorized; 50,000 and 0 shares issued and outstanding | $0 | $0 | ||
| Additional paid-in capital | $977.8M | $954.5M | ||
| Accumulated deficit | -$653.7M | -$698.9M | ||
| Accumulated other comprehensive loss | -$285.0K | -$276.0K | ||
| Noncontrolling interest | $71.8M | $60.4M | ||
| TOTAL EQUITY | $395.6M | $315.7M | $272.4M | |
| TOTAL LIABILITIES AND EQUITY | $30.7B | $29.2B | ||
| Other assets, net at fair value | $76.1M | $43.9M | ||
| Payables and other liabilities at fair value | $12.5M | $16.7M | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |
| Preferred stock, authorized (in shares) | 600.0M shares | 600.0M shares | ||
| Preferred stock, issued (in shares) | 50.0K shares | 0 shares | ||
| Preferred stock, outstanding (in shares) | 50.0K shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $103.0M | $35.7M |
| Change in fair value of loans and related obligations | -$584.2M | -$408.8M |
| Amortization and depreciation | $38.6M | $38.9M |
| Amortization of debt discount and issuance costs on notes payable | $19.0M | $3.0M |
| Impairment of other assets | $0 | $891.0K |
| Deferred income taxes | -$3.5M | -$2.4M |
| Change in fair value of deferred purchase price liabilities | -$2.9M | $8.0M |
| Change in fair value of convertible notes | $13.8M | $0 |
| Equity-based compensation | $10.2M | $8.8M |
| Originations/purchases of loans held for sale | -$75.4M | -$9.9M |
| Proceeds from sale of loans held for sale | $53.7M | $11.0M |
| Gain on the exchange of senior notes | $0 | -$56.2M |
| Other assets, net | $5.8M | $33.4M |
| Payables and accrued expenses | -$11.0M | -$95.6M |
| Other operating activities, net | $3.2M | $9.3M |
| Net cash used in operating activities | -$429.7M | -$423.8M |
| Purchases and originations of loans held for investment | -$3.3B | -$2.9B |
| Proceeds/payments received on loans held for investment | $3.1B | $2.3B |
| Purchases and originations of loans held for investment, subject to nonrecourse debt | -$24.7M | -$41.1M |
| Proceeds/payments on loans held for investment, subject to nonrecourse debt | $1.1B | $988.3M |
| Proceeds on sale of mortgage servicing rights (MSR) | $0 | $5.5M |
| Proceeds from sale of businesses | $0 | $3.0M |
| Other investing activities, net | -$5.2M | -$298.0K |
| Net cash provided by investing activities | $854.9M | $340.9M |
| Proceeds from issuance of HMBS related obligations | $2.0B | $2.0B |
| Payments on HMBS related obligations | -$2.7B | -$2.3B |
| Proceeds from issuance of nonrecourse debt | $5.0B | $3.2B |
| Payments on nonrecourse debt | -$4.9B | -$2.8B |
| Proceeds from other financing lines of credit | $5.4B | $5.8B |
| Payments on other financing lines of credit | -$5.2B | -$5.8B |
| Proceeds from notes payable | $40.0M | $25.8M |
| Payments on notes payable | -$117.4M | $0 |
| Repurchase of Class A Common Stock and Class A LLC Units | -$40.1M | $0 |
| Proceeds from issuance of Preferred Stock, net of issuance costs | $49.3M | $0 |
| Dividends paid on Preferred Stock | -$196.0K | $0 |
| Other financing activities, net | -$4.0M | -$10.4M |
| Net cash provided by (used in) financing activities | -$402.5M | $160.1M |
| Effect of exchange rate changes on cash and cash equivalents | -$9.0K | -$27.0K |
| Net increase in cash and cash equivalents and restricted cash | $22.7M | $77.2M |
| Cash paid for interest | $625.1M | $432.9M |
| Loans transferred to loans held for sale, at fair value, from loans held for investment, subject to nonrecourse debt, at fair value | $133.5M | $0 |
| Loans transferred to loans held for sale, at fair value, from loans held for investment, at fair value | $52.4M | $5.4M |
No quarter-by-quarter statement was filed.
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Corporate structure
Finance of America Companies Inc. sits at the top of its group. 7 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Finance of America Companies Inc.
- Bloom Retirement Holdings Inc. Filed SCHEDULE 13D/A on Finance of America Companies Inc., latest Aug 6, 2026 (18 filings since Apr 10, 2023)
- COOPERMAN LEON G Filed SCHEDULE 13G/A on Finance of America Companies Inc., latest May 13, 2026 (2 filings since Sep 2, 2025)
- Beach Point Capital Management LP Filed SCHEDULE 13G/A on Finance of America Companies Inc., latest Apr 7, 2026 (2 filings since Feb 13, 2026)
- Blackstone Holdings II L.P. Filed SCHEDULE 13D/A on Finance of America Companies Inc., latest Mar 3, 2026 (6 filings since Apr 3, 2024)
- Libman Family Holdings, LLC Filed SCHEDULE 13D/A on Finance of America Companies Inc., latest Mar 3, 2026 (5 filings since Apr 4, 2023)
- Blue Owl Capital Filed SCHEDULE 13G on Finance of America Companies Inc., latest Feb 12, 2026
- ADAGE CAPITAL PARTNERS GP, L.L.C. Filed SC 13G/A on Finance of America Companies Inc., latest Feb 7, 2024 (3 filings since Dec 5, 2022)
- Blackstone Holdings III L.P. Filed SC 13D/A on Finance of America Companies Inc., latest Apr 4, 2023 (5 filings since Oct 1, 2021)
- Brian L. Libman Filed SC 13D/A on Finance of America Companies Inc., latest Jan 4, 2023 (5 filings since Oct 1, 2021)
- Edmond Safra Filed SC 13G/A on Finance of America Companies Inc., latest Feb 14, 2022
- D1 Capital Partners L.P. Filed SC 13G/A on Finance of America Companies Inc., latest Jan 10, 2022 (2 filings since Oct 8, 2021)
- Finance of America Companies Inc. Plano, Texas
- Finance of America Equity Capital LLC Subsidiary · Delaware, United States
- Finance of America Funding LLC Subsidiary · Delaware, United States
- Finance of America Holdings LLC Subsidiary · Delaware, United States
- Finance of America Mortgage LLC Subsidiary · Delaware, United States
- Finance of America Reverse LLC Subsidiary · Delaware, United States
- Incenter LLC Subsidiary · Delaware, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Finance of America Companies Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $8.7M2 Dec 31, 2025 | $14.5M2 Dec 31, 2024 | −40.0% |
| Accumulated depreciation | $4.3M2 Dec 31, 2025 | $10.7M2 Dec 31, 2024 | −59.8% |
| Property and equipment, net | $4.4M2 Dec 31, 2025 | $3.8M2 Dec 31, 2024 | +15.6% |
| Operating-lease assets (leased space) | $17.6M2 Dec 31, 2025 | $20.5M2 Dec 31, 2024 | −14.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $89.5M2 Dec 31, 2025 | $47.4M2 Dec 31, 2024 | +88.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $179.6M2 Dec 31, 2025 | $216.3M2 Dec 31, 2024 | −17.0% |
| Accumulated amortization | $176.6M2 Dec 31, 2025 | $139.5M2 Dec 31, 2024 | +26.7% |
| Finite-lived intangibles, net | $158.1M2 Dec 31, 2025 | $195.2M9 Dec 31, 2024 | −19.0% |
Properties, in its own words
Our corporate, operations, and branch real estate portfolio consists of 55,000 square feet of leased office and retail space which is used to support our home equity-based financing solutions business. Our headquarters is in Plano, Texas. We maintain additional office space for other various corporate use and operations in Oklahoma, Minnesota, and California.
We regularly evaluate current and projected space requirements, considering the constraints of our existing lease agreements and the expected scale of our business. We operate through a hybrid workforce model that combines remote work for substantially all of our workforce with in-office work when required.
Item 2 of the 10-K filed Mar 13, 2026.5
Leadership
Who has led Finance of America Companies Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
2025
- Chief executive officerGraham Fleming Aug 10, 2022 to now15
- PresidentKristen N. Sieffert Apr 6, 2023 to now16
- PresidentGraham Fleming Apr 2, 2021 to Apr 4, 202317
- Chief financial officerGraham Fleming Nov 14, 2023 to Nov 14, 202318
- Chief financial officerMatthew A. Engel Nov 17, 2023 to now19
- Chief financial officerJohan Gericke Apr 2, 2021 to Apr 4, 202320
Board members and other officers (11)
- Chief Investment OfficerJeremy Prahm Apr 2, 2021 to now21
- Chief Accounting OfficerTai A. Thornock Apr 2, 2021 to now22
- Board memberAndrew Essex Mar 21, 2025 to now23
- Board memberCory Gardner Mar 21, 2025 to now24
- Board memberLance West Apr 2, 2021 to now25
- Board memberMenes Chee Apr 2, 2021 to Apr 2, 202126
- Board memberNorma Corio Apr 2, 2021 to now27
- Board memberTyson Anwar Pratcher Apr 2, 2021 to now28
- Board memberBrian L. Libman Apr 5, 2021 to now29
- General counselLauren Richmond Sep 2, 2022 to now30
- General counselAnthony W. Villani Apr 2, 2021 to Apr 2, 202131
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Finance of America Equity Capital LLC Delaware4
- Finance of America Funding LLC Delaware4
- Finance of America Holdings LLC Delaware4
- Finance of America Mortgage LLC Delaware4
- Finance of America Reverse LLC Delaware4
- Incenter LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 4, 20268-K Results of operations32
- Aug 3, 20268-K Entered a material agreement; Change to shareholders' rights; Bylaws or fiscal year changed33
- Jul 1, 20268-K Regulation FD disclosure; Other events34
- Jun 30, 20268-K Shareholder vote35
- May 21, 20268-K Shareholder vote36
- May 5, 20268-K Entered a material agreement37
- May 5, 20268-K Results of operations38
- Apr 3, 20268-K Executive or director change39
- Mar 10, 20268-K Results of operations40
- Dec 17, 20258-K Entered a material agreement; Change to shareholders' rights; Bylaws or fiscal year changed41
- Dec 15, 20258-K Entered a material agreement; Unregistered sale of shares42
- Nov 18, 20258-K Entered a material agreement; Regulation FD disclosure43
- Aug 10, 2022New chief executive Graham Fleming becomes CEO15
Calendar
Coming up
- Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.33 a share, on Nov 4, 2025.44
When it reported results
- Aug 4, 2026Reported quarterly or annual results32
- May 5, 2026Reported quarterly or annual results38
- Mar 10, 2026Reported quarterly or annual results40
- Nov 4, 2025Reported quarterly or annual results45
- Aug 5, 2025Reported quarterly or annual results46
- May 6, 2025Reported quarterly or annual results47
- Mar 11, 2025Reported quarterly or annual results48
- Nov 6, 2024Reported quarterly or annual results49
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
463 filings to the SEC since October 2021: 7 annual reports, 17 quarterly reports, 66 major events, 228 insider forms, 50 large holders, 95 other. The latest 20:
- Oct 7, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 2026144 EDGAR
- Oct 1, 2026144 EDGAR
- Sep 22, 20264 EDGAR
- Sep 10, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 1, 2026144 EDGAR
- Aug 26, 20264 EDGAR
- Aug 12, 20264 EDGAR
- Aug 10, 20264 EDGAR
- Aug 7, 202610-Q EDGAR
- Aug 6, 2026SCHEDULE 13D/A EDGAR
- Aug 5, 20264 EDGAR
- Aug 4, 20268-K EDGAR
- Aug 3, 2026144 EDGAR
- Aug 3, 20268-K EDGAR
- Jul 15, 20264 EDGAR
- Jul 10, 2026DEF 14C EDGAR
- Jul 2, 20264 EDGAR
The 463 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
115 open-market trades by officers, directors and large owners since October 2021: 59 buys and 56 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 21, 2026 | Prahm JeremyChief Investment Officer | Sale | 6,000 | $13.98 | $83.9K | Form 4 |
| Sep 8, 2026 | Prahm JeremyChief Investment Officer | Sale | 6,000 | $16.82 | $100.9K | Form 4 |
| Sep 1, 2026 | Sieffert Kristen NPresident | Sale | 750 | $17.55 | $13.2K | Form 4 |
| Aug 24, 2026 | Prahm JeremyChief Investment Officer | Sale | 6,000 | $19.87 | $119.2K | Form 4 |
| Aug 10, 2026 | Prahm JeremyChief Investment Officer | Sale | 6,000 | $21.73 | $130.4K | Form 4 |
| Aug 6, 2026 | Prahm JeremyChief Investment Officer | Sale | 6,000 | $22.26 | $133.6K | Form 4 |
| Aug 3, 2026 | Sieffert Kristen NPresident | Sale | 750 | $23.61 | $17.7K | Form 4 |
| Jul 13, 2026 | Prahm JeremyChief Investment Officer | Sale | 6,000 | $25.60 | $153.6K | Form 4 |
| Jul 1, 2026 | Sieffert Kristen NPresident | Sale | 750 | $27.36 | $20.5K | Form 4 |
| Jun 29, 2026 | Prahm JeremyChief Investment Officer | Sale | 6,000 | $25.34 | $152.0K | Form 4 |
| Jun 15, 2026 | Prahm JeremyChief Investment Officer | Sale | 8,860 | $20.49 | $181.5K | Form 4 |
| Jun 1, 2026 | Sieffert Kristen NPresident | Sale | 750 | $19.64 | $14.7K | Form 4 |
| Jun 1, 2026 | Prahm JeremyChief Investment Officer | Sale | 8,252 | $19.55 | $161.3K | Form 4 |
| May 18, 2026 | Prahm JeremyChief Investment Officer | Sale | 6,000 | $19.68 | $118.1K | Form 4 |
| May 7, 2026 | Prahm JeremyChief Investment Officer | Sale | 5,228 | $21.39 | $111.8K | Form 4 |
| May 1, 2026 | Sieffert Kristen NPresident | Sale | 750 | $19.54 | $14.7K | Form 4 |
| Apr 20, 2026 | Prahm JeremyChief Investment Officer | Sale | 6,000 | $23.01 | $138.1K | Form 4 |
| Apr 6, 2026 | Prahm JeremyChief Investment Officer | Sale | 5,228 | $17.83 | $93.2K | Form 4 |
| Apr 1, 2026 | Sieffert Kristen NPresident | Sale | 750 | $16.63 | $12.5K | Form 4 |
| Mar 23, 2026 | Prahm JeremyChief Investment Officer | Sale | 6,000 | $17.50 | $105.0K | Form 4 |
All 115 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Bloom Retirement Holdings Inc.SCHEDULE 13D/A, 18 filings Apr 10, 2023 to Aug 6, 202650
- COOPERMAN LEON GSCHEDULE 13G/A, 2 filings Sep 2, 2025 to May 13, 202651
- Beach Point Capital Management LPSCHEDULE 13G/A, 2 filings Feb 13, 2026 to Apr 7, 202652
- Blackstone Holdings II L.P.SCHEDULE 13D/A, 6 filings Apr 3, 2024 to Mar 3, 202653
- Libman Family Holdings, LLCSCHEDULE 13D/A, 5 filings Apr 4, 2023 to Mar 3, 202654
- Blue Owl CapitalSCHEDULE 13G, 1 filing Feb 12, 202655
- ADAGE CAPITAL PARTNERS GP, L.L.C.SC 13G/A, 3 filings Dec 5, 2022 to Feb 7, 202456
- Blackstone Holdings III L.P.SC 13D/A, 5 filings Oct 1, 2021 to Apr 4, 202357
- Brian L. LibmanSC 13D/A, 5 filings Oct 1, 2021 to Jan 4, 202358
- Edmond SafraSC 13G/A, 1 filing Feb 14, 202259
- D1 Capital Partners L.P.SC 13G/A, 2 filings Oct 8, 2021 to Jan 10, 202260
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Graham A. FlemingChief Executive Officer | 56 | $850.0K | $6.9M61 |
| 2025 | Jeremy E. PrahmChief Investment Officer | 48 | $850.0K | $6.9M61 |
| 2025 | Kristen N. SieffertPresident | 45 | $650.0K | $5.6M61 |
| 2024 | Graham A. FlemingChief Executive Officer | 56 | $850.0K | $4.4M61 |
| 2024 | Jeremy E. PrahmChief Investment Officer | 48 | $850.0K | $4.4M61 |
| 2024 | Kristen N. SieffertPresident | 45 | $650.0K | $3.3M61 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 76. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Finance of America Companies Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARFinance of America Companies Inc.1
- CIK0001828937
- Employer ID (EIN)85-34740655
- Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 311
- Industry code (SIC)6162 Mortgage Bankers & Loan Correspondents1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address5830 Granite Parkway, Suite 400, Plano, TX 750241
- Phone877-202-26661
- Shares outstanding8,551,931 Common Class A shares; 12 Common Class B shares as of Mar 11, 20265
- Public float$143.3M as of Jun 30, 20255
- AuditorBDO USA, P.C., Philadelphia, PA PCAOB ID 243; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceNov 6, 20201
- Filings525 in all: 4 (227), 8-K (69), 144 (32), 3 (25), SC 13D/A (20), SCHEDULE 13D/A (18), 10-Q (17), IRANNOTICE (12)1
All 39 form types
CORRESP (11), UPLOAD (10), 424B3 (8), EFFECT (6), S-8 (6), 10-K (5), DEF 14A (5), 10-Q/A (4), ARS (4), SC 13G/A (4), 10-K/A (3), DEF 14C (3), PRE 14C (3), S-3 (3), S-4/A (3), SC 13D (3), SC 13G (3), SCHEDULE 13G (3), 8-A12B (2), 8-K/A (2), CERT (2), NT 10-Q (2), SCHEDULE 13G/A (2), 25-NSE (1), 425 (1), 5 (1), 8-K12B (1), POS AM (1), PRER14C (1), S-1 (1), S-4 (1)
- Latest filingsAnnual report (10-K) Mar 13, 2026
Quarterly report (10-Q) Aug 7, 2026
Proxy statement (DEF 14A) Apr 7, 2026
Latest 8-K (8-K) Aug 4, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Common Stock, par value $0.0001 per share | FOA |
From the cover page of the 10-K filed Mar 13, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Finance of America Companies Inc. names in Item 1A of its 10-K filed Mar 13, 2026: 69 risks under these headings, as written.5
- Risks Related to the Business of the Company
- The Company’s success will depend upon its ability to (1) expand its customer base and acquire and originate loans efficiently while maintaining loan origination quality, (2) finance its loan portfolio, and (3) profitably securitize or otherwise monetize its loan portfolio, all of which will in turn depend upon its ability to manage the unique challenges presented by operating as a business focused on providing home equity-based financing solutions for a modern retirement.
- We may fail to realize the anticipated benefits of the efforts we have undertaken to enhance our marketing and digital capabilities.
- We may fail to capitalize on strategic partnerships and our strategic partnerships present additional risks to us.
- While we generated net profits in 2025 and 2024, we have a recent history of net losses and we may not maintain profitability in the future due to the risks and uncertainties associated with operating as a business focused on providing home equity-based financing solutions for a modern retirement.
- Our business is significantly impacted by changes in interest rates. Changes in prevailing interest rates due to U.S. monetary policies or other macroeconomic conditions that affect interest rates may have a detrimental effect on our operations, financial performance, and earnings.
- Our geographic concentration could materially and adversely affect us if the economic conditions in our current markets should decline or if our current markets are impacted by natural disasters.
- Our capital investments in technology may not achieve anticipated returns.
- We are incorporating AI technologies into our processes. These technologies may present business, compliance, and reputational risks.
- We account for the majority of our assets and liabilities at fair value, which is determined using financial models that are based on market inputs and model assumptions. If market inputs or model assumptions change, we may be required to write down the value of these assets or write up the value of these liabilities, which could adversely affect our business, financial condition, and results of operations.
- Our business could suffer if we fail to attract, or retain, highly skilled employees. In addition, our success depends on the continuing efforts of our founder and chairman, executive management team, and key personnel.
- Our failure to implement and maintain effective internal controls over financial reporting could require us to restate financial statements and cause investors to lose confidence in our reported financial information.
The other 58 risks
- We may fail to identify or adequately assess the magnitude of certain liabilities, shortcomings, or other circumstances prior to acquiring or investing in a company or business, including potential exposure to regulatory sanctions or liabilities resulting from an acquisition target’s previous activities, internal controls, and security environment.
- A security breach or a cyber-attack could adversely affect our results of operations and financial condition.
- Technology disruptions or failures, including a failure in our operational or security systems or infrastructure, or those of third parties with whom we do business, could disrupt our business, cause legal or reputational harm, and adversely impact our results of operations and financial condition.
- Reputational harm, including as a result of our actual or alleged conduct or public opinion, could adversely affect our business, results of operations, and financial condition.
- Climate change, climate change-related regulation, and focus on environmental, social, and governance (“ESG”) issues may adversely affect our business and financial results and damage our reputation.
- Our risk management efforts may not be effective.
- As a result of the application of the acquisition method of accounting in connection with business combinations, the historical consolidated financial statements of the Company are not necessarily indicative of the Company’s future results of operations, financial position, and cash flows, and the Company has recognized, and may recognize in the future, impairment charges related to goodwill, identified intangible assets, and fixed assets.
- Risks Related to Our Lending Business
- Our loan origination and servicing revenues are highly dependent on macroeconomic and U.S. residential real estate market conditions.
- We are subject to the risk of fraudulent activity by loan applicants and other participants in the loan origination process.
- FAR’s status as an approved non-supervised FHA mortgagee and an approved Ginnie Mae issuer is subject to compliance with each of their respective guidelines and other conditions they may impose, and the failure to meet such guidelines and conditions could have a material adverse effect on our overall business and our financial position, results of operations, and cash flows.
- We are subject to risks arising from conditions in the real estate and mortgage markets, in particular, the reverse mortgage market; we rely on the initiatives of HUD and Ginnie Mae to support the HECM program.
- We face competition that could adversely affect us and we may not be able to maintain or grow the volume of our loan originations.
- If we are unable to obtain sufficient capital to meet the financing requirements of our business, or if we fail to comply with our debt agreements, our business, financing activities, financial condition, and results of operations will be adversely affected.
- We currently only hedge a subset of our assets and our hedging strategies may not be successful in mitigating our risks associated with changes in interest rates and valuations; our Company is exposed to other credit risk.
- A disruption in the secondary mortgage loan market, including the MBS market, could have a detrimental effect on our business.
- We have third-party secondary market risks and counterparty risks (including mortgage loan brokers) that could have a material adverse effect on our business, liquidity, financial condition, and results of operations.
- We have risks related to our Subservicers that could have a material adverse effect on our business, liquidity, financial condition, and results of operations.
- We are undertaking initiatives to enhance our internal servicing capabilities, which initiatives present operational and regulatory risks and may not result in the anticipated benefits.
- Risks with respect to our non-agency second lien reverse mortgage loan product could ultimately result in delays or shortfalls in recoveries of amounts due from borrowers.
- We are required to make servicing advances that can be subject to delays in recovery or may not be recoverable in certain circumstances.
- Our counterparties may terminate subservicing contracts under which we conduct servicing activities.
- Risks Related to Laws and Regulations
- We operate in a heavily regulated industry, and our loan origination and servicing activities expose us to risks of noncompliance with an increasing and inconsistent body of complex laws and regulations at the U.S. federal, state, and local levels.
- We are currently subject to, and may in the future become subject to additional, U.S. and state laws and regulations imposing obligations on how we collect, store, process, and share personal information. Our actual or perceived failure to comply with such obligations could harm our business and reputation. Ensuring compliance with such laws could also impair our efforts to maintain and expand our consumer and customer base, and thereby decrease our revenue.
- Unlike competitors that are national banks, we are subject to state licensing and operational requirements that result in substantial compliance costs and risks.
- Compliance with federal, state, and local laws and regulations that govern employment practices and working conditions may be particularly burdensome to us due to the distributed nature of our workforce.
- Conducting our business in a manner so that we are exempt from registration under, and in compliance with, the Investment Company Act, may reduce our flexibility and could limit our ability to pursue certain opportunities. At the same time, failure to continue to qualify for exemption from the Investment Company Act could adversely affect us.
- There may be material changes to the laws, regulations, rules, or practices applicable to the FHA, HUD, or Ginnie Mae that could materially adversely affect the reverse mortgage industry as a whole, including our business.
- We are subject to legal proceedings, federal or state governmental examinations, and enforcement investigations from time to time. Some of these matters are highly complex and slow to develop, and results are difficult to predict or estimate.
- Risks Related to Our Indebtedness
- Our substantial leverage could adversely affect our financial condition, our ability to raise additional capital to fund our operations, our ability to operate our business, our ability to react to changes in the economy or our industry, or our ability to pay our debts, and could divert our cash flow from operations to debt payments.
- Our ability to service our indebtedness is dependent on cash flow generated and made available by our subsidiaries, which may be subject to limitations beyond our control.
- We are required to repay certain debt facilities in whole or in part in 2026 and such payments will require access to capital, which may not be available from cash flows resulting from our subsidiaries’ operations or from third-party sources on favorable terms, or at all, at the time of repayment, especially in light of current market conditions, which could adversely affect our financial position.
- Despite our current level of indebtedness, we may be able to incur substantially more debt and enter into other transactions, which could further exacerbate the risks to our financial condition described above.
- The agreements that govern our senior notes, warehouse facilities, and lines of credit impose significant operating and financial restrictions on the Company and its restricted subsidiaries, which may prevent us from capitalizing on business opportunities.
- The agreements that govern our warehouse facilities and lines of credit typically contain covenants relating to our financial condition and we may experience difficulties in complying with such financial covenants.
- Our variable rate indebtedness subjects us to interest rate risk, which could cause our indebtedness service obligations to increase significantly.
- Our failure to comply with the requirements of our outstanding indebtedness could result in an event of default that could materially and adversely affect our financial condition and ultimately force us into liquidation or bankruptcy.
- Risks Related to Our Organizational Structure
- The Company is a holding company and its only material asset is its interest in FOA Equity. It is accordingly dependent upon distributions from FOA Equity to pay taxes, make payments under the Tax Receivable Agreement, and pay dividends.
- The Company will be required to pay income taxes on its allocable share of any net taxable income of FOA Equity.
- The Company is required to make payments under the Tax Receivable Agreement for certain tax benefits the Company may claim, and the amounts of such payments could be significant.
- In certain cases, payments under the Tax Receivable Agreement may be accelerated and/or significantly exceed the actual benefits, if any, the Company realizes in respect of the tax attributes subject to the Tax Receivable Agreement.
- The Company will not be reimbursed for any payments made to the TRA Parties under the Tax Receivable Agreement in the event that any tax benefits are disallowed.
- Certain of the TRA Parties have substantial control over the Company, and their interests, along with the interests of other TRA Parties, may conflict with your interests.
- The Company is not required to distribute any excess tax distributions that it receives from FOA Equity to the Company’s stockholders.
- Risks Related to Ownership of our Class A Common Stock
- The market price of our securities may fluctuate or decline.
- The trading history of our common stock has been characterized by low trading volume.
- If securities or industry analysts do not publish research or reports about the Company, or if they publish adverse recommendations regarding the Company's securities, then the Company's stock price and trading volume could decline.
- The terms of the Company’s Series A Preferred Stock may materially adversely affect the value and rights of the Company’s Class A Common Stock.
- The Company may issue additional preferred stock in the future whose terms could materially adversely affect the value and rights of the Company’s Class A Common Stock.
- Because we have no current plans to pay cash dividends on our shares of Class A Common Stock for the foreseeable future, you may not receive any return on investment unless you sell your shares of Class A Common Stock for a price greater than that which you paid for it.
- You may be diluted by the future issuance of additional Class A Common Stock or Class A LLC Units in connection with the Company’s incentive plans, acquisitions, warrants, notes, Series A Preferred Stock, or otherwise.
- There may be sales of a substantial amount of Class A Common Stock by certain of the Company’s shareholders and these sales could cause the price of the Company’s securities to fall.
- There can be no assurance that we will be able to satisfy the continued listing standards that are required to be satisfied in order for our Class A Common Stock to continue to be listed on the NYSE and NYSE Texas.
- The Company incurs significant expenses and administrative burdens as a public company, which could have a material adverse effect on our business, financial condition, and results of operations.
- The Company may not be able to effectively continue to implement and maintain controls and procedures required by the Sarbanes-Oxley Act that are applicable to us.
- If we experience material weaknesses or deficiencies in the future or otherwise fail to maintain an effective system of internal controls, we may not be able to accurately or timely report our financial results, in which case our business may be harmed, investors may lose confidence in the accuracy and completeness of our financial reports, and the price of our securities may decline.
- The principal stockholder has substantial influence over the Company and its interests may conflict with the interests of the Company or its stockholders in the future.
- Anti-takeover provisions under Delaware law could make an acquisition of the Company, which may be beneficial to the Company’s stockholders, more difficult and may prevent attempts by the Company’s stockholders to replace or remove the Company’s management.
- The A&R Charter designates the Court of Chancery of the State of Delaware or the federal district courts of the U.S., as applicable, as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by the Company’s stockholders, which could limit the Company’s stockholders’ ability to obtain a favorable judicial forum for disputes with the Company or the Company’s directors, officers, or other employees.
Legal proceedings
The information required with respect to this Part I, Item 3 can be found under Note 14 - Litigation in the Notes to Consolidated Financial Statements included in Part II, Item 8 of this Form 10-K and such information is incorporated by reference into this Item 3.
The opening of Item 3, Legal Proceedings.5
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- 16SEC EDGARKristen N. Sieffert, President
- 17SEC EDGARGraham Fleming, President
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- 23SEC EDGARAndrew Essex, Board member
- 24SEC EDGARCory Gardner, Board member
- 25SEC EDGARLance West, Board member
- 26SEC EDGARMenes Chee, Board member
- 27SEC EDGARNorma Corio, Board member
- 28SEC EDGARTyson Anwar Pratcher, Board member
- 29SEC EDGARBrian L. Libman, Board member
- 30SEC EDGARLauren Richmond, General counsel
- 31SEC EDGARAnthony W. Villani, General counsel
- 32SEC EDGARResults of operations
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- 35SEC EDGARShareholder vote
- 36SEC EDGARShareholder vote
- 37SEC EDGAREntered a material agreement
- 38SEC EDGARResults of operations
- 39SEC EDGARExecutive or director change
- 40SEC EDGARResults of operations
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