Finance of America Companies Earnings Call Transcripts
Fiscal Year 2026
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Q3 funded volume grew 24% YoY, while rate-driven margin compression led to a $130 million GAAP pre-tax loss and a reset to FY 2026 adjusted EPS expectations. Repricing and higher 2027 volume are expected to support normalized margins and a $4–$5 adjusted EPS run rate in H2 2027.
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Operational improvements drove a 21% year-over-year increase in funded volume and an 81% rise in first-half adjusted net income. Cash generation remained strong, supporting strategic acquisitions and debt reduction, while guidance for full-year funded volume and EPS was reaffirmed.
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The meeting confirmed quorum, presented three proposals, and all were approved by stockholders. No questions were raised, and final voting results will be reported in a Form 8-K.
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Q1 2026 saw net income of $35M and adjusted EPS up 112% year-over-year, with strong originations and portfolio management. Guidance for full-year adjusted EPS was raised to $4.50–$5.00, and a de-leveraging plan is underway.
Fiscal Year 2025
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Delivered record adjusted earnings and revenue growth in 2025, driven by technology investments, operating leverage, and market leadership in reverse mortgages. 2026 guidance calls for continued volume and earnings growth, with a focus on debt reduction and future share repurchases.
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Year-to-date net income reached $131 million, with Q3 adjusted net income more than doubling year-over-year. Origination volumes and margins improved, liquidity strengthened, and 2026 guidance projects 20%-25% volume growth and a 60% increase in adjusted EPS.
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Q2 2025 delivered strong growth with $602M in funded volume, 35% above last year, and $80M GAAP net income. Guidance for full-year originations and adjusted EPS was reaffirmed, with major capital market milestones and digital expansion supporting future growth.
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Q1 2025 saw $561M in funded volume, 32% growth year-over-year, and a return to GAAP profitability. Operational and marketing initiatives drove improved conversion and efficiency, with full-year guidance reaffirmed and strong momentum continuing into Q2.
Fiscal Year 2024
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2024 saw a return to profitability, with $1.9B in loans funded and major cost reductions. Revenue margins expanded, and origination volume is projected to grow 26%-42% in 2025, supported by new products, marketing, and strong demographic trends.
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Q3 2024 saw a return to profitability with $204M net income, $513M funded volume, and strong operational improvements. Guidance for 2025 includes adjusted EPS of $2.60–$3.00 and $2.7B in volume, with digital and product innovation driving growth.
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Q2 2024 saw improved fundamentals with positive Adjusted EBITDA, reduced expenses, and 33% revenue growth year-over-year. Strategic initiatives, new funding partners, and product enhancements position the company for ANI profitability in Q3 and long-term growth.