Finance of America Q2: $80mln net income, $3.16 EPS, $14mln adj. net income.

• Finance of America reports Q2 2025 results: $3.16 in basic EPS, $80 million net income from continuing ops. • Repurchased Blackstone's equity stake in the company. • Entered into agreement to buy back entire Blackstone stake in Finance of America. • $0.55 in adjusted EPS, $14 million of adjusted net income for Q2 2025.

Finance of America Companies Inc. (FOA), a leading provider of home equity-based financing solutions, has announced its Q2 2025 earnings results and significant financial transactions. The company reported a basic EPS of $3.16 and $80 million in net income from continuing operations [1]. Additionally, Finance of America has repurchased Blackstone’s equity stake in the company and entered into an agreement to buy back the entire stake.

In a press release, the company stated that it has fully paid off its outstanding working capital facility and entered into a definitive agreement to repurchase the entirety of Blackstone’s equity stake in the Company. This move is expected to strengthen the company’s balance sheet, reduce costs, and position FOA for the next phase of growth. The repurchase of Blackstone’s equity stake is materially accretive to shareholders and reflects the company’s commitment to long-term value creation [2].

The company also announced a new convertible debt facility with multiple long-term supporters, further enhancing its financial position. This new facility is expected to provide additional financial flexibility and independence for FOA, enabling it to pursue strategic expansion opportunities.

In terms of earnings, FOA reported an adjusted EPS of $0.55 and adjusted net income of $14 million for Q2 2025. The company’s Retirement Solutions segment showed improvement with pre-tax income of $3 million, while the Portfolio Management segment delivered strong results with $105 million pre-tax income. The company’s tangible equity grew by $88 million from end-2024, and total assets reached $29.7 billion [1].

These results and transactions underscore Finance of America’s strong financial position and strategic direction. The company has been proactive in expanding its market presence and product offerings, recently launching a new brand platform, “A Better Way with FOA,” alongside a national advertising campaign to increase awareness and adoption of reverse mortgages. The company has also appointed strategic leaders to drive digital transformation in its reverse mortgage business, further positioning it for growth in the mortgage innovation and capital markets execution sectors [1].

Investors are encouraged to monitor the earnings release and conference call for insights into Finance of America’s financial performance and strategic initiatives. The earnings release will be available on August 5, 2025, following the market close, with a conference call and webcast scheduled at 5:00 PM Eastern Time on the same day. A replay of the call will be available until August 12, 2025.

References:
[1] https://www.ainvest.com/news/finance-america-announces-q2-2025-earnings-release-conference-call-august-5-2025-2507/
[2] https://www.businesswire.com/news/home/20250804613095/en/Finance-of-America-Announces-Repurchase-of-Blackstone-Equity-Stake-and-Repayment-of-Working-Capital-Facility