| Condensed Balance Sheet |
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| Finance of America Companies Inc. |
| (Parent Company Only) |
| Condensed Statements of Financial Condition |
| (in thousands, except share data) |
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|
December 31, 2024 |
|
December 31, 2023 |
| ASSETS |
|
|
|
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| Investment in subsidiaries |
|
$ |
262,137
|
|
|
$ |
238,372 |
|
| TOTAL ASSETS |
|
$ |
262,137
|
|
|
$ |
238,372 |
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|
| LIABILITIES AND EQUITY |
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| Payables and other liabilities |
|
$ |
6,652
|
|
|
$ |
5,895 |
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| TOTAL LIABILITIES |
|
6,652
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|
|
5,895 |
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| EQUITY |
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|
Class A Common Stock, $0.0001 par value; 6,000,000,000 shares authorized; 10,360,299 and 10,059,924 shares issued, respectively, and 9,934,449 and 9,634,074 shares outstanding, respectively |
|
1
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|
|
1 |
|
| Additional paid-in capital |
|
954,469
|
|
|
946,938 |
|
| Accumulated deficit |
|
(698,895) |
|
|
(714,383) |
|
| Accumulated other comprehensive loss |
|
(90) |
|
|
(79) |
|
| TOTAL EQUITY |
|
255,485
|
|
|
232,477 |
|
| TOTAL LIABILITIES AND EQUITY |
|
$ |
262,137
|
|
|
$ |
238,372 |
|
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| Condensed Income Statement |
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| Finance of America Companies Inc. |
| (Parent Company Only) |
| Condensed Statements of Operations and Comprehensive Loss |
(in thousands) |
|
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For the year ended December 31, 2024 |
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For the year ended December 31, 2023 |
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| OTHER, NET |
|
|
$ |
1,654
|
|
|
|
|
$ |
(788) |
|
| NET INCOME (LOSS) BEFORE INCOME TAXES |
|
|
1,654
|
|
|
|
|
(788) |
|
| Provision (benefit) for income taxes applicable to parent |
|
|
2,411
|
|
|
|
|
(677) |
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| NET LOSS |
|
|
(757) |
|
|
|
|
(111) |
|
| Equity (deficit) in undistributed income (loss) from subsidiaries |
|
|
16,245
|
|
|
|
|
(79,977) |
|
| NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST |
|
|
15,488
|
|
|
|
|
(80,088) |
|
| Other comprehensive income (loss) |
|
|
(11) |
|
|
|
|
9 |
|
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST |
|
|
$ |
15,477
|
|
|
|
|
$ |
(80,079) |
|
|
| Condensed Statement of Comprehensive Income |
|
|
|
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|
|
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|
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|
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| Finance of America Companies Inc. |
| (Parent Company Only) |
| Condensed Statements of Operations and Comprehensive Loss |
(in thousands) |
|
|
|
|
|
|
|
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|
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For the year ended December 31, 2024 |
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For the year ended December 31, 2023 |
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| OTHER, NET |
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|
$ |
1,654
|
|
|
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|
$ |
(788) |
|
| NET INCOME (LOSS) BEFORE INCOME TAXES |
|
|
1,654
|
|
|
|
|
(788) |
|
| Provision (benefit) for income taxes applicable to parent |
|
|
2,411
|
|
|
|
|
(677) |
|
| NET LOSS |
|
|
(757) |
|
|
|
|
(111) |
|
| Equity (deficit) in undistributed income (loss) from subsidiaries |
|
|
16,245
|
|
|
|
|
(79,977) |
|
| NET INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST |
|
|
15,488
|
|
|
|
|
(80,088) |
|
| Other comprehensive income (loss) |
|
|
(11) |
|
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|
|
9 |
|
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CONTROLLING INTEREST |
|
|
$ |
15,477
|
|
|
|
|
$ |
(80,079) |
|
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