← Finance of America Companies Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $133k | $444k | $32k | $36k | $233.1m | $141.2m | $97.4m | $46.5m | $47.4m | $89.5m | |
| Accounts Receivable | $79k | $110k | $16k | $147k | $115k | — | — | — | — | — | |
| Prepaid Expenses | $32k | $65k | $26k | — | — | — | — | — | — | — | |
| Total current assets | $248k | $623k | $76k | $195k | $1.1m | $842k | — | — | — | — | |
| Property, Plant and Equipment | $141k | $128k | $138k | $140k | $82k | $39k | — | — | — | — | |
| Intangible assets, net | — | — | — | — | $16.9m | $602.9m | $374.6m | $253.5m | $216.3m | $179.6m | |
| Intangible Assets | — | $30k | $49k | $53k | $53k | $53k | — | — | — | — | |
| Goodwill | $69k | $69k | $69k | $1.1m | $8.5m | $3.2m | — | — | — | — | |
| Other assets, net (includes $76,146 and $43,861 at fair value) | — | — | — | — | $311.4m | $358.4m | $311.5m | $221.9m | $157.3m | $197.4m | |
| Operating Lease Right-of-Use Asset | — | — | — | $0 | $0 | $157k | — | — | — | — | |
| Restricted cash | — | — | — | — | $306.3m | $322.4m | $180.1m | $178.3m | $254.6m | $235.1m | |
| Loans held for investment, subject to Home Equity Conversion Mortgage-Backed Securities (“HMBS”) related obligations, at fair value | — | — | — | — | — | $10.6b | $11.1b | $17.5b | $18.7b | $19.1b | |
| Loans held for investment, subject to nonrecourse debt, at fair value | — | — | — | — | $5.4b | $6.2b | $7.5b | $8.3b | $9.3b | $10.0b | |
| Loans held for investment, at fair value | — | — | — | — | $730.8m | $1.0b | $908.0m | $575.2m | $520.1m | $870.1m | |
| Assets of discontinued operations | — | — | — | — | — | — | $313.4m | $6.7m | $2.5m | $0 | |
| HMBS related obligations, at fair value | — | — | — | — | $9.8b | $10.4b | $11.0b | $17.4b | $18.4b | $18.9b | |
| Nonrecourse debt, at fair value | — | — | — | — | $5.3b | $6.1b | $7.3b | $7.9b | $9.0b | $9.7b | |
| Other financing lines of credit | — | — | — | — | $3.0b | $3.3b | $1.5b | $928.5m | $918.2m | $1.2b | |
| Notes payable (includes $53,800 and $0 at fair value, and includes amounts due to related parties of $87,126 and $162,283) | $0 | $281k | $676k | $24k | $336.6m | $353.4m | $399.4m | $410.9m | $374.5m | $329.9m | |
| Payables and other liabilities (includes $12,547 and $16,684 at fair value) | — | — | — | — | $400.1m | $471.5m | $273.1m | $219.6m | $138.0m | $130.7m | |
| Repurchase Agreement obligation | — | — | — | — | — | — | — | — | $0 | $40.6m | |
| Liabilities of discontinued operations | — | — | — | — | — | — | $227.1m | $18.3m | $11.7m | $0 | |
| Other Non-Operating Non-Current Assets | $10k | $0 | — | — | $159k | $270k | — | — | — | — | |
| Current right to use lease | — | — | — | — | $260k | $112k | — | — | — | — | |
| Other Non-Operating Current Assets | $5k | $5k | $2k | $12k | $194k | $153k | — | — | — | — | |
| Proprietary content, net | $459k | $394k | $328k | $263k | $144k | $82k | — | — | — | — | |
| Other Current Liabilities | $104k | $123k | $133k | $147k | $1.1m | $1.1m | — | — | — | — | |
| Other Non-Operating Current Liabilities | — | — | — | — | $70k | $66k | — | — | — | — | |
| Lease Payable | — | — | — | — | $0 | $193k | — | — | — | — | |
| Non-compete agreements, net | $21k | $16k | $11k | $5k | $0 | — | — | — | — | — | |
| Customer relationships, net | $34k | $22k | $11k | $0 | — | — | — | — | — | — | |
| Other Non-Current Assets | $0 | — | — | — | — | — | — | — | — | — | |
| TOTAL EQUITY | $628.0m | $1.1b | $404.8m | $272.4m | $315.7m | $395.6m | |||||
| Total Long-Term Liabilities | — | — | — | — | $713k | $626k | — | — | — | — | |
| Total stockholders’ equity | $1.7m | $1.7m | $446k | $1.2m | $7.5m | $2.2m | — | — | — | — | |
| TOTAL ASSETS | $2.1m | $2.4m | $1.8m | $1.8m | $19.6b | $21.8b | $20.9b | $27.1b | $29.2b | $30.7b | |
| Accounts Payable | $27k | $52k | $105k | $175k | $108k | $33k | — | — | — | — | |
| Short-Term Debt | $20k | $0 | $60k | $64k | $54k | $53k | — | — | — | — | |
| Operating Lease Liability, Current | — | — | — | — | $260k | $133k | — | — | — | — | |
| Current Portion of Long-Term Debt | $93k | $166k | $356k | $13k | $24k | — | — | — | — | — | |
| Deferred Revenue, Current | $33k | $96k | $0 | $95k | — | — | — | — | — | — | |
| Total current liabilities | $376k | $436k | $654k | $494k | $1.7m | $1.6m | — | — | — | — | |
| Long-Term Debt | — | — | — | — | $713k | $433k | $399.4m | $410.9m | $374.5m | $357.5m | |
| TOTAL LIABILITIES | $18.8b | $20.7b | $20.5b | $26.8b | $28.8b | $30.3b | |||||
| Preferred Stock, $0.0001 par value; 600,000,000 shares authorized; 50,000 and 0 shares issued and outstanding | — | — | — | — | — | — | — | — | 0 | 0 | |
| Common stock, value | $35k | $36k | $36k | $41k | $0 | $6k | $6k | $10k | $1k | $1k | |
| Additional paid-in capital | $4.8m | $5.7m | $6.0m | $7.4m | $0 | $831.6m | $888.5m | $946.9m | $954.5m | $977.8m | |
| Accumulated deficit | ($3.1m) | ($4.1m) | ($5.6m) | ($6.2m) | $0 | ($443.6m) | ($634.3m) | ($714.4m) | ($698.9m) | ($653.7m) | |
| Accumulated other comprehensive loss | — | — | — | — | $9k | ($110k) | ($273k) | ($249k) | ($276k) | ($285k) | |
| Noncontrolling interest | — | — | — | — | ($145k) | $695.1m | $150.9m | $40.1m | $60.4m | $71.8m | |
| TOTAL LIABILITIES AND EQUITY | $2.1m | $2.4m | $1.8m | $1.8m | $19.6b | $21.8b | $20.9b | $27.1b | $29.2b | $30.7b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.