See more : Safestyle UK plc (SFE.L) Income Statement Analysis – Financial Results
Complete financial analysis of Finance Of America Companies Inc. (FOA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Finance Of America Companies Inc., a leading company in the Financial – Credit Services industry within the Financial Services sector.
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Finance Of America Companies Inc. (FOA)
Industry: Financial - Credit Services
Sector: Financial Services
Website: https://www.financeofamerica.com
About Finance Of America Companies Inc.
Finance of America Companies Inc. operates a consumer lending platform in the United States. The company operates through: Mortgage Originations, Reverse Originations, Commercial Originations, Lender Services, and Portfolio Management segments. It provides residential mortgage loans to the government sponsored entities; government-insured agricultural lending solutions to farmers; product development, loan securitization, loan sales, risk management, asset management, and servicing oversight services to enterprise and third-party funds; and ancillary business services, title agency and title insurance services, mortgage servicing rights valuation and trade brokerage, transactional fulfillment services, mortgage loan third party review or due diligence services, and appraisal and capital management services to residential mortgage, student lending, and commercial lending industry customers. The company was founded in 2013 and is based in Irving, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 234.25M | 573.24M | 1.74B | 1.74B | 847.60M | 789.26M | 778.47M |
| Cost of Revenue | 0.00 | 28.39M | 29.62M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 234.25M | 544.85M | 1.71B | 1.74B | 847.60M | 789.26M | 778.47M |
| Gross Profit Ratio | 100.00% | 95.05% | 98.29% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | -4.19 | -0.82 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 226.99M | 1.12B | 1.53B | 1.15B | 701.25M | 180.25M | 142.80M |
| Selling & Marketing | 31.90M | 34.20M | 41.40M | 37.50M | 27.18M | 30.06M | 29.36M |
| SG&A | 258.89M | 1.12B | 1.53B | 1.15B | 701.25M | 733.73M | 715.39M |
| Other Expenses | 0.00 | 35.83M | 5.25M | -6.13M | 4.33M | 0.00 | 0.00 |
| Operating Expenses | 288.92M | 1.16B | 1.53B | 1.15B | 705.59M | 741.73M | 723.59M |
| Cost & Expenses | 288.92M | 1.15B | 1.53B | 1.15B | 705.59M | 741.73M | 723.59M |
| Interest Income | 1.63B | 47.64M | 56.59M | 752.26M | 786.56M | 0.00 | 0.00 |
| Interest Expense | 1.39B | 151.74M | 142.06M | 649.69M | 666.38M | 0.00 | 0.00 |
| Depreciation & Amortization | 47.55M | 323.84M | 1.11B | 2.39M | 327.40K | -55.53M | -63.08M |
| EBITDA | 0.00 | 0.00 | -271.48M | 0.00 | 19.01M | -23.18M | -10.35M |
| EBITDA Ratio | 0.00% | -3.91% | -15.64% | 31.05% | 8.81% | -2.94% | -1.33% |
| Operating Income | -54.67M | -87.41M | -271.48M | 520.73M | 55.36M | 55.53M | 63.08M |
| Operating Income Ratio | -23.34% | -15.25% | -15.64% | 29.94% | 6.53% | 7.04% | 8.10% |
| Total Other Income/Expenses | -112.17M | -109.61M | -1.37B | 502.65M | 77.91M | -8.00M | -8.20M |
| Income Before Tax | -166.84M | -732.05M | -1.20B | 500.26M | 77.58M | 47.53M | 54.88M |
| Income Before Tax Ratio | -71.22% | -127.70% | -68.90% | 28.76% | 9.15% | 6.02% | 7.05% |
| Income Tax Expense | -593.00K | -16.52M | -19.53M | 2.34M | 949.00K | 286.00K | 53.00K |
| Net Income | -80.09M | -715.53M | -1.18B | 518.39M | 76.63M | 32.06M | 52.68M |
| Net Income Ratio | -34.19% | -124.82% | -67.77% | 29.81% | 9.04% | 4.06% | 6.77% |
| EPS | -9.77 | -30.61 | -41.47 | -6.14 | 1.43 | 8.92 | 14.66 |
| EPS Diluted | -9.77 | -30.61 | -184.97 | -6.14 | 1.43 | 8.92 | 14.66 |
| Weighted Avg Shares Out | 8.20M | 6.23M | 6.08M | 2.88M | 2.88M | 3.59M | 3.59M |
| Weighted Avg Shares Out (Dil) | 8.20M | 6.23M | 6.08M | 2.88M | 2.88M | 3.59M | 3.59M |
Finance of America Reverse and Morningstar Collaborate to Educate Financial Advisors about Reverse Mortgages
Majority of Retirees and Pre-Retirees Lack Sufficient Savings to Retire by Age 65, According to New Research from The Stanford Center on Longevity and FAR
Majority of Retirees and Pre-Retirees Lack Sufficient Savings to Retire by Age 65, According to New Research from The Stanford Center on Longevity and FAR
Finance of America Companies, Inc. (FOA) Management on Q2 2022 Results - Earnings Call Transcript
Finance of America Reports Second Quarter 2022 Results
Finance of America Reports Second Quarter 2022 Results
Older Homeowners Least Likely Cohort to Consider Tapping into Home Equity Despite Record Property Values, According to New Research from FAR
Older Homeowners Least Likely Cohort to Consider Tapping into Home Equity Despite Record Property Values, According to New Research from FAR
Finance of America Announces Second Quarter 2022 Earnings Release and Conference Call on August 4, 2022
Finance of America Announces Second Quarter 2022 Earnings Release and Conference Call on August 4, 2022
Source: https://incomestatements.info
Category: Stock Reports