Finance of America Companies Inc. is a financial services holding company which, through its operating subsidiaries, is a modern retirement solutions platform that provides customers with access to an innovative range of retirement offerings centered on the home, including reverse mortgages and home improvement loans as well as home-sharing services. In addition, FoA offers capital markets and portfolio management capabilities to optimize distribution to investors.
Company profile
Ticker
FOA, FOA-WT
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Finance of America Equity Capital LLC • Finance of America Funding LLC • Finance of America Holdings LLC • Finance of America Mortgage LLC • Finance of America Reverse LLC • Incenter LLC ...
IRS number
853474065
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
9 Apr 24
ARS
2023 FY
Annual report to shareholders
28 Mar 24
DEF 14A
Definitive proxy
28 Mar 24
S-8
Registration of securities for employees
15 Mar 24
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
15 Mar 24
10-K
2023 FY
Annual report
15 Mar 24
8-K
Finance of America Reports Fourth Quarter and Full Year 2023 Results
6 Mar 24
8-K
Finance of America Receives Continued Listing Standard Notice from the NYSE
16 Feb 24
8-K
Other Events
2 Feb 24
8-K
Finance of America Receives Continued Listing Standard Notice from the NYSE
15 Dec 23
Latest ownership filings
SC 13D/A
Libman Family Holdings, LLC
3 Apr 24
SC 13D/A
Blackstone Holdings II L.P.
3 Apr 24
4
STEPHEN A SCHWARZMAN
3 Apr 24
4
Change in insider ownership
3 Apr 24
4
Change in insider ownership
3 Apr 24
4
BRIAN L LIBMAN
3 Apr 24
4
Kristen N Sieffert
3 Apr 24
4
Matthew A Engel
3 Apr 24
4
Tai A. Thornock
3 Apr 24
4
Lauren Richmond
3 Apr 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 282.61 mm | 282.61 mm | 282.61 mm | 282.61 mm | 282.61 mm | 282.61 mm |
Cash burn (monthly) | 21.77 mm | 8.05 mm | 57.52 mm | 64.60 mm | 41.97 mm | (no burn) |
Cash used (since last report) | 150.17 mm | 55.54 mm | 396.88 mm | 445.71 mm | 289.58 mm | n/a |
Cash remaining | 132.44 mm | 227.07 mm | -114.27 mm | -163.10 mm | -6.97 mm | n/a |
Runway (months of cash) | 6.1 | 28.2 | -2.0 | -2.5 | -0.2 | n/a |
Institutional ownership, Q2 2023
13F holders | Current |
---|---|
Total holders | 52 |
Opened positions | 5 |
Closed positions | 4 |
Increased positions | 23 |
Reduced positions | 9 |
13F shares | Current |
---|---|
Total value | 97.52 bn |
Total shares | 322.62 mm |
Total puts | 105.10 k |
Total calls | 282.97 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Libman Family | 81.18 mm | $100.66 mm |
Blackstone Holdings III | 81.04 mm | $100.49 mm |
Brian L Libman | 71.79 mm | $0.00 |
American Advisors | 33.89 mm | $42.03 mm |
BX Blackstone | 32.15 mm | $61.40 bn |
Cooperman Leon G | 5.86 mm | $11.20 bn |
Edmond Safra | 3.61 mm | $0.00 |
Adage Capital Partners GP, L.L.C. | 3.40 mm | $6.50 bn |
BLK Blackrock | 2.71 mm | $5.17 bn |
Vanguard | 2.12 mm | $4.05 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Matthew A Engel | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 325,000 | 0.00 | 325,000 |
1 Apr 24 | Brian L Libman | Class A Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 583,046 | 0.00 | 10,869,566 |
1 Apr 24 | Brian L Libman | Class A Common Stock | Option exercise | Acquire M | Yes | No | 0 | 583,046 | 0.00 | 11,452,612 |
1 Apr 24 | Brian L Libman | LLC Units of Finance of America Equity Capital LLC Class A Common Stock | Option exercise | Dispose M | Yes | No | 0 | 583,046 | 0.00 | 69,550,568 |
1 Apr 24 | Kristen N Sieffert | Class A Common Stock | Payment of exercise | Dispose F | No | No | 0.7351 | 47,957 | 35.25 k | 517,259 |
1 Apr 24 | Kristen N Sieffert | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 134,408 | 0.00 | 565,216 |
1 Apr 24 | Kristen N Sieffert | Class A Common Stock | Payment of exercise | Dispose F | No | No | 0.7351 | 19,371 | 14.24 k | 430,808 |
1 Apr 24 | Kristen N Sieffert | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 54,289 | 0.00 | 450,179 |
1 Apr 24 | Kristen N Sieffert | Class A Common Stock | Payment of exercise | Dispose F | No | No | 0.7351 | 61,632 | 45.31 k | 395,890 |
1 Apr 24 | Kristen N Sieffert | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 172,001 | 0.00 | 457,522 |
Press releases
Finance of America Announces First Quarter 2024 Earnings Release and Conference Call on May 6, 2024
22 Apr 24
Finance of America Reports Fourth Quarter and Full Year 2023 Results
6 Mar 24
Finance of America Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call on March 6, 2024
21 Feb 24
Finance of America Receives Continued Listing Standard Notice from the NYSE
16 Feb 24