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Finance of America — Third Quarter 2026 Earnings Summary

  • Funded volume grew 24% year-over-year to $748 million in Q3 2026, while reported net loss widened to $110 million ($5.24 loss per share) primarily due to $125 million in non-cash fair value changes; adjusted net income fell to $6 million ($0.28 EPS) from $33 million in the prior-year quarter.
  • Total revenues declined 172% to $(58) million, with adjusted total revenues down 17% to $89 million, as higher benchmark interest rates pressured origination margins despite a 23% year-over-year increase in assets under management to $37.4 billion.
  • Management expects earnings pressure from current interest rate environments to be temporary and anticipates margin normalization following product and pricing adjustments, while maintaining a focus on production growth and operational efficiency.
  • The company plans to complete a $60 million paydown of senior secured notes in November 2026 and recently acquired the Onity HECM servicing portfolio in June 2026 to support portfolio growth.
Company
FINANCE OF AMERICA COMPANIES INC
Sector
Financial Services
Industry
Credit Services