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Condensed Financial Information (Parent Company Only)
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Information (Parent Company Only)
24. Condensed Financial Information (Parent Company Only)
Finance of America Companies Inc.
(Parent Company Only)
Condensed Statements of Financial Condition
(in thousands, except share data)
December 31, 2025December 31, 2024
ASSETS
Investment in subsidiaries$334,109 $262,137 
Receivable from FOA Equity(1)
16,139 — 
Convertible note due from FOA Equity, at fair value53,800 — 
TOTAL ASSETS$404,048 $262,137 
LIABILITIES AND EQUITY
Convertible Notes, at fair value (Note 13 - Notes Payable)
$53,800 $— 
Payables and other liabilities10,046 6,652 
Repurchase agreement obligation (Note 23 - Related Party Transactions)(1)
16,139 — 
TOTAL LIABILITIES79,985 6,652 
EQUITY
Preferred Stock, $0.0001 par value; 600,000,000 shares authorized; 50,000 and 0 shares issued and outstanding
— — 
Class A Common Stock, $0.0001 par value; 6,000,000,000 shares authorized; 9,921,336 and 10,360,299 shares issued, and 7,899,344 and 9,934,449 shares outstanding
1 1 
Additional paid-in capital977,816 954,469 
Accumulated deficit(653,660)(698,895)
Accumulated other comprehensive loss(94)(90)
TOTAL EQUITY324,063 255,485 
TOTAL LIABILITIES AND EQUITY$404,048 $262,137 
(1) This relates solely to the Amended and Restated Repurchase Agreement for the Parent Company. Refer to Note 23 - Related Party Transactions for additional information regarding the Company’s $40.6 million obligation to the Blackstone Investor as of December 31, 2025.
Finance of America Companies Inc.
(Parent Company Only)
Condensed Statements of Operations and Comprehensive Income
(in thousands)
Year ended
December 31,
20252024
OTHER, NET$125 $1,654 
NET INCOME BEFORE INCOME TAXES125 1,654 
Provision for income taxes applicable to Parent Company3,519 2,411 
NET LOSS(3,394)(757)
Equity in undistributed income from subsidiaries48,629 16,245 
NET INCOME ATTRIBUTABLE TO CONTROLLING INTEREST45,235 15,488 
Other comprehensive loss(4)(11)
COMPREHENSIVE INCOME ATTRIBUTABLE TO CONTROLLING INTEREST$45,231 $15,477 

As disclosed in Note 1 - Organization and Description of Business, FOA (or the “Parent Company”) is a financial holding company and has a controlling interest in FOA Equity. During the year ended December 31, 2025, the Parent Company issued Convertible Notes and Preferred Stock to unaffiliated third parties (refer to Note 13 - Notes Payable and Note 26 - Equity, respectively, for additional information). Concurrently with these issuances, the Parent Company entered into agreements with FOA Equity that provided for the transfer of the related proceeds from the Parent Company to FOA Equity. The Parent Company did not have any cash as of December 31, 2025 or 2024. Therefore, Condensed Statements of Cash Flows have not been presented. Management determined which assets and liabilities were to be used by the operating subsidiaries, and these amounts have been appropriately excluded from the Parent Company Condensed Statements of Financial Condition presented above. Changes in these balances are reflected as additional contributions and distributions from FOA Equity in the period in which they occur, and had no impact on any cash balances that may have otherwise been maintained at the Parent Company.
Basis of Presentation
The Parent Company financial statements should be read in conjunction with the Company’s consolidated financial statements and the accompanying notes thereto. The Parent Company follows the same accounting policies as disclosed in Note 2 - Summary of Significant Accounting Policies to the Company’s consolidated financial statements. For purposes of this condensed financial information, the Company’s consolidated subsidiaries are recorded based upon its proportionate share of the subsidiaries’ net assets (similar to presenting them on the equity method).
Since restricted net assets of the Parent Company and its subsidiaries exceed 25% of the consolidated net assets of the Company and its subsidiaries, the accompanying condensed Parent Company financial statements have been prepared in accordance with Rule 12-04 Schedule 1 of Regulation S-X.
Dividends from Subsidiaries
There were no cash dividends paid to the Parent Company from the consolidated subsidiaries during the years ended December 31, 2025 and 2024.