Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$1.93 (vs US$3.44 in 1Q 2025) First quarter 2026 results: EPS: US$1.93 (down from US$3.44 in 1Q 2025). Revenue: US$120.1m (down 28% from 1Q 2025). Net income: US$16.4m (down 53% from 1Q 2025). Profit margin: 14% (down from 21% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Apr 23
Finance of America Companies Inc. to Report Q1, 2026 Results on May 05, 2026 Finance of America Companies Inc. announced that they will report Q1, 2026 results After-Market on May 05, 2026 Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$20.86, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 16x in the Diversified Financial industry in the US. Total returns to shareholders of 19% over the past three years. Announcement • Apr 08
Finance of America Companies Inc., Annual General Meeting, May 15, 2026 Finance of America Companies Inc., Annual General Meeting, May 15, 2026. Announcement • Apr 02
Finance of America Reverse LLC Introduces HomeSafe Second Line of Credit Finance of America Reverse LLC announced the launch of HomeSafe Second Line of Credit, a new solution designed to give homeowners greater flexibility in how – and when – they access their home equity, without adding a new monthly expense or giving up a possibly low mortgage rate. Available in California beginning April 1, HomeSafe Second Line of Credit is the industry’s first second-lien reverse mortgage line of credit, allowing homeowners 55+ to draw funds over time, as needs arise, after an initial 25% draw at time of origination – while preserving their existing first mortgage and without taking on the new required monthly payments of a traditional HELOC. Many homeowners who have a low rate first mortgage are disinterested in accessing their home equity by refinancing into a higher-rate loan, but they are interested in tapping their home equity. Homeowners are also discouraged by traditional HELOCs requiring ongoing monthly payments, adding a new expense. HomeSafe Second Line of Credit removes both constraints. Homeowners can establish a line of credit that allows them to access cash as needed. HomeSafe Second Line of Credit gives homeowners the flexibility they need, whether planning ahead or navigating the unexpected. Across California, homeownership remains a defining pillar of financial security, particularly among homeowners 55+. Nearly three-quarters of Californians aged 65+ own their homes, and according to Zillow, mid-tier home values are approximately $775,000, among the highest in the nation. Many homeowners built substantial equity during the pandemic-era housing boom and are now locked into historically low mortgage rates. As a result, many are equity-rich but seeking more flexible ways to access liquidity without disrupting prior financial decisions. That demand is already evident: Second-lien equity withdrawals rose 22% year-over-year in First Quarter 2025, reaching the highest volume in 17 years. HomeSafe Second Line of Credit addresses this growing demand. As more homeowners look for liquidity without refinancing, demand for flexible second-lien solutions continues to rise. To help homeowners turn housing wealth into a more accessible financial resource, HomeSafe Second Line of Credit is designed to provide: Flexibility – After the minimum 25% draw required at origination, borrow only what you need, when you need it, over a 10-year draw period. Growth potential – offering a 1.5% growth rate on unused line of credit for the first 7 years. Mortgage rate preservation – no need to refinance or replace a lower-rate first lien loan. Recent Insider Transactions • Mar 19
Chief Financial Officer recently bought US$174k worth of stock On the 13th of March, Matthew Engel bought around 11k shares on-market at roughly US$16.45 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Matthew's only on-market trade for the last 12 months. Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: US$5.41 (vs US$1.78 in FY 2024) Full year 2025 results: EPS: US$5.41 (up from US$1.78 in FY 2024). Revenue: US$497.4m (up 47% from FY 2024). Net income: US$51.6m (up 195% from FY 2024). Profit margin: 10% (up from 5.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Feb 25
Finance of America Companies Inc. to Report Q4, 2025 Results on Mar 10, 2026 Finance of America Companies Inc. announced that they will report Q4, 2025 results After-Market on Mar 10, 2026 Announcement • Jan 07
Finance of America Companies Inc. Appoints Angela Tribelli as Chief Marketing Officer, Effective January 2, 2026 Finance of America Companies Inc. announced the appointment of Angela Tribelli as Chief Marketing Officer, effective January 2, 2026. Angela Tribelli will report to FOA President Kristen Sieffert and will be based in New York. In this role, Tribelli will oversee FOA’s brand, communications, and growth marketing strategy, helping scale the company’s reach and sharpen how its solutions are positioned across consumers, advisors, and partners. Tribelli brings more than 25 years of experience leading high-impact marketing and digital strategy initiatives, with a track record of modernizing brands, scaling audiences, and driving growth in complex, multi-platform businesses. Most recently, Tribelli served as Global Head of Consumer Marketing and Growth at Bloomberg Media, where she led full-funnel growth strategy, performance and product marketing, subscriber engagement, and cross-platform go-to-market execution across Bloomberg’s digital and OTT brands. Previously, she was Senior Vice President of Performance Marketing at AMC Networks, where she helped launch and rapidly scale AMC+ across distribution partners and direct-to-consumer channels. Earlier in her career, Tribelli served as Chief Marketing Officer at Food52, guiding brand and growth marketing for the category-defining kitchen and home e-commerce platform, and as Chief Marketing Officer at HarperCollins Publishers, where she oversaw global marketing strategy and digital product development for one of the world’s largest consumer book publishers. She also held senior digital leadership roles at NYC & Company, New York City’s official marketing, tourism, and partnerships organization. Tribelli serves on the Board of Trustees at the Brooklyn Children’s Museum. She holds a B.A. from Columbia University and an M.B.A. in Finance from The Wharton School of the University of Pennsylvania. Recent Insider Transactions Derivative • Nov 20
Chief Financial Officer exercised options and sold US$102k worth of stock On the 17th of November, Matthew Engel exercised options to acquire 4k shares at no cost and sold these for an average price of US$22.99 per share. This trade did not impact their existing holding. Since June 2025, Matthew has owned 14.84k shares directly. Company insiders have collectively sold US$3.9m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 06
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: US$0.92 loss per share (down from US$8.48 profit in 3Q 2024). Revenue: US$80.8m (down 72% from 3Q 2024). Net loss: US$8.34m (down 110% from profit in 3Q 2024). Revenue missed analyst estimates by 21%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Oct 22
Finance of America Companies Inc. to Report Q3, 2025 Results on Nov 04, 2025 Finance of America Companies Inc. announced that they will report Q3, 2025 results After-Market on Nov 04, 2025 Price Target Changed • Aug 15
Price target increased by 11% to US$25.00 Up from US$22.50, the current price target is provided by 1 analyst. New target price is 9.4% below last closing price of US$27.58. Stock is up 261% over the past year. The company is forecast to post earnings per share of US$1.80 for next year compared to US$1.78 last year. Reported Earnings • Aug 15
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$3.16 (up from US$0.20 loss in 2Q 2024). Revenue: US$177.4m (up 124% from 2Q 2024). Net income: US$34.9m (up US$36.9m from 2Q 2024). Profit margin: 20% (up from net loss in 2Q 2024). Revenue exceeded analyst estimates by 83%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Diversified Financial industry in the US are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Jul 23
Finance of America Companies Inc. to Report Q2, 2025 Results on Aug 05, 2025 Finance of America Companies Inc. announced that they will report Q2, 2025 results After-Market on Aug 05, 2025 Announcement • May 16
Finance of America Companies Inc. announced delayed 10-Q filing On 05/15/2025, Finance of America Companies Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • May 07
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$3.44 (up from US$0.31 loss in 1Q 2024). Revenue: US$165.7m (up 122% from 1Q 2024). Net income: US$35.0m (up US$38.0m from 1Q 2024). Profit margin: 21% (up from net loss in 1Q 2024). Revenue exceeded analyst estimates by 95%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Apr 23
Finance of America Companies Inc. to Report Q1, 2025 Results on May 06, 2025 Finance of America Companies Inc. announced that they will report Q1, 2025 results After-Market on May 06, 2025 Price Target Changed • Apr 16
Price target decreased by 20% to US$22.50 Down from US$28.00, the current price target is provided by 1 analyst. New target price is 18% above last closing price of US$19.07. Stock is up 193% over the past year. The company is forecast to post earnings per share of US$0.91 for next year compared to US$1.78 last year. Announcement • Mar 28
Finance of America Companies Inc., Annual General Meeting, May 16, 2025 Finance of America Companies Inc., Annual General Meeting, May 16, 2025. Announcement • Mar 20
Finance of America Companies Inc. Announces Board Appointments Finance of America Companies Inc. announced the appointment of Andrew Essex and former U.S. Senator Cory Gardner to its Board of Directors. Their addition brings a wealth of expertise in marketing, public policy, and strategic growth, further strengthening the Company’s leadership as it continues to expand its impact on senior homeowners. Andrew Essex is a recognized leader in marketing and brand strategy, having served as the former CEO of Droga5, one of the world’s most influential advertising agencies. With decades of experience in media, communications, and corporate storytelling, Essex brings a deep understanding of consumer engagement and brand positioning that will help FOA continue to educate and empower retirees. Cory Gardner served as a U.S. Senator from Colorado from 2015 to 2021 and previously as a U.S. Representative. With extensive experience in legislative affairs, financial services, and regulatory policy, Gardner will provide valuable insights into the evolving financial landscape and help guide FOA in fostering relationships with policymakers and industry stakeholders. Price Target Changed • Mar 20
Price target decreased by 7.1% to US$26.00 Down from US$28.00, the current price target is an average from 2 analysts. New target price is 12% above last closing price of US$23.21. Stock is up 205% over the past year. The company is forecast to post earnings per share of US$0.57 for next year compared to US$2.05 last year. Reported Earnings • Mar 12
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: US$2.05 (up from US$3.44 loss in FY 2023). Revenue: US$338.2m (up 44% from FY 2023). Net income: US$20.2m (up US$48.4m from FY 2023). Profit margin: 6.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Feb 26
Finance of America Companies Inc. to Report Q4, 2024 Results on Mar 11, 2025 Finance of America Companies Inc. announced that they will report Q4, 2024 results After-Market on Mar 11, 2025 Major Estimate Revision • Dec 10
Consensus revenue estimates increase by 35% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from US$308.8m to US$417.3m. Now expected to report a profit of US$7.74 instead of losses of -US$1.22 per share. Diversified Financial industry in the US expected to see average net income growth of 21% next year. Consensus price target up from US$18.50 to US$25.50. Share price rose 11% to US$22.00 over the past week. Recent Insider Transactions • Dec 09
Independent Director recently sold US$837k worth of stock On the 5th of December, Lance West sold around 40k shares on-market at roughly US$20.93 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Price Target Changed • Nov 20
Price target increased by 32% to US$18.50 Up from US$14.00, the current price target is an average from 2 analysts. New target price is 5.8% below last closing price of US$19.63. Stock is up 108% over the past year. The company is forecast to post a net loss per share of US$1.22 next year compared to a net loss per share of US$3.44 last year. New Risk • Nov 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings are forecast to decline by an average of 139% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (20% net profit margin). Reported Earnings • Nov 08
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$8.48 (up from US$19.66 loss in 3Q 2023). Net income: US$84.2m (up US$256.7m from 3Q 2023). Revenue exceeded analyst estimates significantly. Earnings per share (EPS) also surpassed analyst estimates. Revenue is expected to decline by 24% p.a. on average during the next 3 years, while revenues in the Diversified Financial industry in the US are expected to grow by 4.0%. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$13.45, the stock trades at a trailing P/E ratio of 5.3x. Average forward P/E is 12x in the Diversified Financial industry in the US. Total loss to shareholders of 72% over the past three years. Announcement • Oct 24
Finance of America Companies Inc. to Report Q3, 2024 Results on Nov 06, 2024 Finance of America Companies Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Major Estimate Revision • Oct 11
Consensus EPS estimates increase from loss to US$0.137 profit The consensus outlook for fiscal year 2024 has been updated. 2024 forecast for profit of -US$0.894 instead of a loss of US$0.137 per share previously. Revenue forecast unchanged at US$300.4m. Diversified Financial industry in the US expected to see average net income growth of 16% next year. Consensus price target of US$13.50 unchanged from last update. Share price was steady at US$10.39 over the past week. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$11.80, the stock trades at a trailing P/E ratio of 4.7x. Average forward P/E is 14x in the Diversified Financial industry in the US. Total loss to shareholders of 77% over the past three years. Major Estimate Revision • Sep 06
Consensus revenue estimates decrease by 35%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$461.5m to US$300.7m. EPS estimate increased from -US$1.22 to -US$0.894 per share. Diversified Financial industry in the US expected to see average net income growth of 17% next year. Consensus price target down from US$14.00 to US$13.50. Share price rose 42% to US$10.31 over the past week. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to US$8.75, the stock trades at a trailing P/E ratio of 3.5x. Average forward P/E is 14x in the Diversified Financial industry in the US. Total loss to shareholders of 84% over the past three years. New Risk • Aug 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$70.0m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 66% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (US$70.0m market cap). Major Estimate Revision • Aug 20
Consensus EPS estimates upgraded to US$1.22 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$1.55 to -US$1.22 per share. Revenue forecast steady at US$461.5m. Diversified Financial industry in the US expected to see average net income growth of 16% next year. Consensus price target down from US$17.50 to US$14.00. Share price fell 2.3% to US$7.24 over the past week. Price Target Changed • Aug 19
Price target decreased by 18% to US$14.00 Down from US$17.00, the current price target is an average from 2 analysts. New target price is 89% above last closing price of US$7.40. Stock is down 53% over the past year. The company is forecast to post a net loss per share of US$1.22 next year compared to a net loss per share of US$3.44 last year. Major Estimate Revision • Aug 13
Consensus EPS estimates upgraded to US$1.55 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$1.74 to -US$1.55 per share. Revenue forecast unchanged from US$464.2m at last update. Diversified Financial industry in the US expected to see average net income growth of 17% next year. Consensus price target of US$17.50 unchanged from last update. Share price rose 5.7% to US$7.44 over the past week. Reported Earnings • Aug 07
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: US$0.20 loss per share (improved from US$23.92 loss in 2Q 2023). Net loss: US$1.89m (loss narrowed 99% from 2Q 2023). Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 30
Price target increased by 18% to US$20.00 Up from US$17.00, the current price target is provided by 1 analyst. New target price is 168% above last closing price of US$7.45. Stock is down 62% over the past year. The company is forecast to post a net loss per share of US$1.74 next year compared to a net loss per share of US$3.44 last year. Major Estimate Revision • Jul 29
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$1.13 to -US$1.25 per share. Revenue forecast of US$464.2m unchanged since last update. Diversified Financial industry in the US expected to see average net income growth of 19% next year. Consensus price target of US$17.50 unchanged from last update. Share price rose 4.9% to US$7.72 over the past week. Announcement • Jul 24
Finance of America Companies Inc. to Report Q2, 2024 Results on Aug 06, 2024 Finance of America Companies Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Major Estimate Revision • Jul 17
Consensus revenue estimates decrease by 15%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$547.5m to US$464.2m. EPS estimate increased from -US$0.15 to -US$0.113 per share. Diversified Financial industry in the US expected to see average net income growth of 16% next year. Consensus price target of US$1.75 unchanged from last update. Share price rose 32% to US$0.70 over the past week. Major Estimate Revision • Jun 27
Consensus EPS estimates upgraded to US$0.15 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$0.17 to -US$0.15 per share. Revenue forecast unchanged from US$547.5m at last update. Diversified Financial industry in the US expected to see average net income growth of 16% next year. Consensus price target of US$1.75 unchanged from last update. Share price fell 6.3% to US$0.59 over the past week. Board Change • Jun 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Bob Lord was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Jun 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$56.7m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (US$56.7m market cap). New Risk • May 31
New major risk - Revenue and earnings growth Earnings have declined by 26% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 26% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • May 13
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Reported Earnings • May 07
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: US$0.031 loss per share (down from US$0.69 profit in 1Q 2023). Revenue: US$74.7m (down 47% from 1Q 2023). Net loss: US$3.01m (down 107% from profit in 1Q 2023). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has fallen by 61% per year, which means it is performing significantly worse than earnings. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Bob Lord was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 23
Finance of America Companies Inc. to Report Q1, 2024 Results on May 06, 2024 Finance of America Companies Inc. announced that they will report Q1, 2024 results After-Market on May 06, 2024 Announcement • Mar 29
Finance of America Companies Inc., Annual General Meeting, May 13, 2024 Finance of America Companies Inc., Annual General Meeting, May 13, 2024, at 09:00 US Eastern Standard Time. Agenda: To elect the directors; to approve the compensation of the named executive officers of the Company; to ratify the appointment of BDO USA, P.C. as independent registered public accounting firm for 2024; and to consider such other business as may properly come before the Annual Meeting and any adjournments or postponements thereof. Major Estimate Revision • Mar 28
Consensus EPS estimates upgraded to US$0.075 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$0.14 to -US$0.075 per share. Revenue forecast steady at US$318.2m. Diversified Financial industry in the US expected to see average net income growth of 17% next year. Consensus price target up from US$1.70 to US$1.75. Share price fell 3.3% to US$0.74 over the past week. New Risk • Mar 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$80.2m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 44% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$33m net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$80.2m market cap). Reported Earnings • Mar 08
Full year 2023 earnings released: US$0.34 loss per share (vs US$3.06 loss in FY 2022) Full year 2023 results: US$0.34 loss per share (improved from US$3.06 loss in FY 2022). Revenue: US$234.3m (down 59% from FY 2022). Net loss: US$28.2m (loss narrowed 85% from FY 2022). Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Diversified Financial industry in the US. Over the last 3 years on average, earnings per share has fallen by 56% per year and the company’s share price has also fallen by 56% per year. Announcement • Feb 22
Finance Of America Companies Inc. to Report Q4, 2023 Results on Mar 06, 2024 Finance Of America Companies Inc. announced that they will report Q4, 2023 results After-Market on Mar 06, 2024 Announcement • Feb 17
Finance of America Receives Continued Listing Standard Notice from the NYSE On February 12, 2024, Finance of America Companies Inc. (‘Finance of America’ or the ‘Company’) received a notice (the ‘Notice’) from the NYSE, indicating the Company is not in compliance with Section 802.01C of the NYSE Listed Company Manual because as of February 9, 2024, the average closing price of the Company’s Class A Common Stock was less than $1.00 over a consecutive 30 trading-day period. The Notice has no immediate effect on the listing of the Class A Common Stock on the NYSE, subject to the Company’s compliance with the NYSE’s other continued listing requirements. Furthermore, the Notice is not anticipated to impact the ongoing business operations of the Company or its reporting requirements with the U.S. Securities and Exchange Commission (the ‘SEC’). Finance of America plans to notify the NYSE within ten business days of its receipt of the Notice that it intends to bring the Company into compliance with this listing standard within the six month cure period. Finance of America intends to remain listed on the NYSE and is considering all available options to regain compliance with the NYSE’s continued listing standards. The New York Stock Exchange (the ‘NYSE’) requires that companies with shares listed on the NYSE comply with the NYSE’s continued listed standards. The NYSE’s continued listing standards include the requirement set in Section 802.01C of the NYSE Listed Company Manual that the average closing price of a security is not less than $1.00 over a consecutive 30 trading-day period. If the average closing price of a security is less than $1.00 over a consecutive 30 trading-day period, then Section 802.01C of the NYSE Listed Company Manual provides for a six month cure period to regain compliance. Compliance can be achieved if on the last trading day of any calendar month during the cure period (or the last trading day of the cure period), the security has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the prior 30 trading-day period. Further, if a company determines that, if necessary, it will cure the price condition by taking an action that will require approval of its shareholders, it must so inform the NYSE, obtain the shareholder approval by no later than its next annual meeting and implement the action promptly thereafter. In such circumstances, the price condition will be deemed cured if the price of the security promptly exceeds $1.00 per share and the price remains above the level for at least the following 30 trading days. New Risk • Jan 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$89.9m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$129m net loss next year). Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (US$89.9m market cap). Announcement • Dec 17
Finance of America Receives Continued Listing Standard Notice from the NYSE The New York Stock Exchange (the “NYSE”) requires that companies with shares listed on the NYSE comply with the NYSE’s continued listed standards. The NYSE’s continued listing standards include the requirement set in Section 802.01C of the NYSE Listed Company Manual that the average closing price of a security is not less than $1.00 over a consecutive 30 trading-day period. If the average closing price of a security is less than $1.00 over a consecutive 30 trading-day period, then Section 802.01C of the NYSE Listed Company Manual provides for a six month cure period to regain compliance. Compliance can be achieved if on the last trading day of any calendar month during the cure period (or the last trading day of the cure period), the security has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the prior 30 trading-day period. Further, if a company determines that, if necessary, it will cure the price condition by taking an action that will require approval of its shareholders, it must so inform the NYSE, obtain the shareholder approval by no later than its next annual meeting and implement the action promptly thereafter. In such circumstances, the price condition will be deemed cured if the price of the security promptly exceeds $1.00 per share and the price remains above the level for at least the following 30 trading days. On December 12, 2023, Finance of America Companies Inc. (“Finance of America” or the “Company”) received a notice (the “Notice”) from the NYSE, indicating the Company is not in compliance with Section 802.01C of the NYSE Listed Company Manual because as of December 11, 2023, the average closing price of the Company’s Class A Common Stock was less than $1.00 over a consecutive 30 trading-day period. The Notice has no immediate effect on the listing of the Class A Common Stock on the NYSE, subject to the Company’s compliance with the NYSE’s other continued listing requirements. Furthermore, the Notice is not anticipated to impact the ongoing business operations of the Company or its reporting requirements with the U.S. Securities and Exchange Commission (the “SEC”). Finance of America plans to notify the NYSE within ten business days of its receipt of the Notice that it intends to bring the Company into compliance with this listing standard within the six month cure period. Finance of America intends to remain listed on the NYSE and is considering all available options to regain compliance with the NYSE’s continued listing standards. New Risk • Dec 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$129m net loss next year). Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Dec 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$80.0m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$129m net loss next year). Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (US$80.0m market cap). Price Target Changed • Nov 18
Price target decreased by 11% to US$2.00 Down from US$2.25, the current price target is provided by 1 analyst. New target price is 106% above last closing price of US$0.97. Stock is down 38% over the past year. The company is forecast to post a net loss per share of US$1.87 next year compared to a net loss per share of US$3.06 last year. Major Estimate Revision • Nov 17
Consensus EPS estimates fall by 95% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -US$0.96 to -US$1.87 per share. Revenue forecast of US$160.0m unchanged since last update. Diversified Financial industry in the US expected to see average net income growth of 15% next year. Consensus price target of US$2.25 unchanged from last update. Share price rose 20% to US$0.95 over the past week. Reported Earnings • Nov 09
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: US$0.72 loss per share (improved from US$1.35 loss in 3Q 2022). Net loss: US$62.9m (loss narrowed 26% from 3Q 2022). Revenue missed analyst estimates by 160%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Diversified Financial industry in the US. Announcement • Oct 26
Finance of America Companies Inc. Expands Reach of Second Lien Reverse Mortgage to Allow More Homeowners 55 and Older to Access Home Equity Finance of America Companies Inc. announced the expanded launch of its HomeSafe Second loan so that more homeowners 55 and older have a tool to access their home equity without adding new monthly payments or changing the existing rate on their first mortgage. With the wider rollout across its direct-to-consumer and wholesale divisions, Finance of America will increase the availability of this second-lien reverse mortgage product to homeowners and originators. Home price appreciation means many U.S. homeowners have seen significant increases in their housing wealth in recent years, and while this is driving interest in HELOCs and other home equity products, many are unable to benefit from home equity gains for a variety of reasons. Selling the home and downsizing may not be feasible due to increased costs to purchase or rent. Refinancing and traditional home equity loans are less attractive options given higher interest rates. Moreover, qualifying for home equity products can be difficult with nearly half of applicants (46%) failing to qualify for a HELOC. For older homeowners, receiving home equity financing is even more challenging, with one-third of all senior refinancing applications denied due to income-based criteria. HomeSafe Second was intentionally developed to address these barriers and serve homeowners 55 and older in today's climate. The only second-lien reverse mortgage of its kind, HomeSafe Second allows eligible homeowners 55 and older to tap their home equity via a second mortgage without adding a new monthly mortgage payment. This fixed-rate, proprietary reverse loan does not impact the first lien mortgage, neither its balance nor its rate, and no monthly payments are required on this second lien. The borrower must continue to make payments in respect of its first lien mortgage along with property taxes and insurance. HomeSafe Second is currently available in California, Colorado, Connecticut, Florida, South Carolina, and Texas, with the goal of expanding to more states in the future. Additional information including product details and loan terms is available on the product section of the FAR website. Announcement • Oct 25
Finance Of America Companies Inc. to Report Q3, 2023 Results on Nov 07, 2023 Finance Of America Companies Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 New Risk • Oct 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.3% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Sep 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.3% operating cash flow to total debt). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Major Estimate Revision • Sep 01
Consensus revenue estimates fall by 62% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$416.0m to US$160.0m. Forecast loss of -US$0.96, down from profit of US$0.06 per share profit previously. Diversified Financial industry in the US expected to see average net income growth of 17% next year. Consensus price target down from US$2.25 to US$2.13. Share price fell 6.0% to US$1.42 over the past week. Price Target Changed • Aug 10
Price target increased by 9.9% to US$2.50 Up from US$2.28, the current price target is provided by 1 analyst. New target price is 45% above last closing price of US$1.73. Stock is down 0.6% over the past year. The company is forecast to post earnings per share of US$0.06 next year compared to a net loss per share of US$3.06 last year. Announcement • Jul 26
Finance Of America Companies Inc. to Report Q2, 2023 Results on Aug 08, 2023 Finance Of America Companies Inc. announced that they will report Q2, 2023 results After-Market on Aug 08, 2023 Announcement • May 11
Finance Of America Companies Inc. announced delayed 10-Q filing On 05/10/2023, Finance Of America Companies Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • May 10
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: US$0.69 (up from US$0.14 loss in 1Q 2022). Revenue: US$140.9m (down 47% from 1Q 2022). Net income: US$43.9m (up US$52.4m from 1Q 2022). Profit margin: 31% (up from net loss in 1Q 2022). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Diversified Financial industry in the US. Reported Earnings • Mar 14
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: US$3.06 loss per share (improved from US$6.21 loss in FY 2021). Revenue: US$573.2m (down 67% from FY 2021). Net loss: US$190.7m (loss narrowed 49% from FY 2021). Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Mortgage industry in the US. Price Target Changed • Jan 22
Price target decreased to US$1.95 Down from US$2.28, the current price target is an average from 4 analysts. New target price is 12% above last closing price of US$1.74. Stock is down 54% over the past year. The company is forecast to post a net loss per share of US$1.34 next year compared to a net loss per share of US$6.21 last year. Announcement • Jan 02
Menes O. Chee Notifies the Finance of America Companies Inc. of His Intention to Resign from the Board On December 30, 2022, Mr. Menes O. Chee notified the Board of Directors (the “Board”) of Finance of America Companies Inc. (the “Company”) of his intention to resign from the Board, effective immediately. The resignation of Mr. Chee was not the result of any disagreement with the Company, the Company’s management, or any other member of the Board. Announcement • Oct 27
Finance Of America Companies Inc. to Report Q3, 2022 Results on Nov 09, 2022 Finance Of America Companies Inc. announced that they will report Q3, 2022 results Pre-Market on Nov 09, 2022 Announcement • Oct 22
Finance of America Companies Inc. to Discontinue Mortgage Originations Segment Finance of America Companies Inc. announced its decision to discontinue the operations of its forward mortgage originations segment across both retail and wholesale channels by the end of the year. Price Target Changed • Aug 22
Price target decreased to US$3.06 Down from US$3.44, the current price target is an average from 4 analysts. New target price is 113% above last closing price of US$1.44. Stock is down 74% over the past year. The company is forecast to post a net loss per share of US$0.17 next year compared to a net loss per share of US$6.21 last year. Announcement • Aug 11
Finance of America Companies Inc. Announces Executive Changes Finance Of America Companies Inc. announced that Anthony W. Villani, Chief Legal Officer of Finance, provided notice of his retirement from the Company, effective September 1, 2022. Lauren E. Richmond has been appointed as the Company’s Chief Legal Officer and General Counsel, effective September 2, 2022 . Price Target Changed • Aug 05
Price target decreased to US$3.45 Down from US$4.08, the current price target is an average from 4 analysts. New target price is 93% above last closing price of US$1.79. Stock is down 73% over the past year. The company is forecast to post earnings per share of US$0.41 next year compared to a net loss per share of US$6.21 last year. Announcement • Jul 22
Finance Of America Companies Inc. to Report Q2, 2022 Results on Aug 04, 2022 Finance Of America Companies Inc. announced that they will report Q2, 2022 results After-Market on Aug 04, 2022 Price Target Changed • Jul 21
Price target decreased to US$3.83 Down from US$4.25, the current price target is an average from 4 analysts. New target price is 126% above last closing price of US$1.69. Stock is down 75% over the past year. The company is forecast to post earnings per share of US$0.42 next year compared to a net loss per share of US$6.21 last year. Price Target Changed • Jul 05
Price target decreased to US$4.08 Down from US$4.50, the current price target is an average from 4 analysts. New target price is 153% above last closing price of US$1.61. Stock is down 79% over the past year. The company is forecast to post earnings per share of US$0.42 next year compared to a net loss per share of US$6.21 last year. Price Target Changed • Jun 24
Price target increased to US$4.83 Up from US$4.50, the current price target is an average from 3 analysts. New target price is 179% above last closing price of US$1.73. Stock is down 78% over the past year. The company is forecast to post earnings per share of US$0.42 next year compared to a net loss per share of US$6.21 last year. 
