{"success":true,"data":{"pressRelease":{"id":"108530","rtpr_id":"nBwjMtg1a","ticker":"FOA","exchange":"NYSE","all_tickers":["FOA"],"title":"Finance of America Reports Second Quarter 2026 Results","author":"Business Wire","published_at":"2026-08-04T20:05:00.601Z","article_body":"Finance of America Reports Second Quarter 2026 Results\n\n– $0.10 in basic earnings per share or $1 million of net income attributable\nto holders of Class A Common Stock for the quarter –\n\n– $1.28 in diluted loss per share or $29 million net loss for the quarter\n–\n\n– $0.84 in adjusted earnings per share((1)) or $19 million of adjusted net\nincome((1)) for the quarter –\n\n– $35 million of Adjusted EBITDA((1)) for the quarter –\n\nFinance of America Companies Inc. (“Finance of America” or the\n“Company”) (NYSE: FOA), a leading provider of home equity-based financing\nsolutions for a modern retirement, reported financial results for the quarter\nended June 30, 2026.\n\nSecond Quarter and Year-to-Date 2026 Highlights((2))\n\n\n * Funded volume of $730 million for the quarter, representing a 21% increase\nyear over year.\n\n * $0.10 in basic earnings per share or $1 million of net income attributable to\nholders of Class A Common Stock for the quarter. For the first half of 2026,\nthe Company has recognized $1.99 in basic earnings per share or $17 million of\nnet income attributable to holders of Class A Common Stock.\n\n * $1.28 in diluted loss per share or $29 million net loss for the quarter. For\nthe first half of 2026, the Company recognized $0.41 in diluted earnings per\nshare or $6 million of net income.\n\n * $0.84 in adjusted earnings per share((1)) or $19 million of adjusted net\nincome((1)) during the quarter. On a per share basis, this represents a 53%\nimprovement over the second quarter 2025.\n\n * $1.94 in adjusted earnings per share((1)) or $45 million of adjusted net\nincome((1)) during the first half of 2026. On a per share basis, this\nrepresents a 81% improvement over the first half of 2025.\n\n * Total equity of $407 million as of June 30, 2026, with total equity\nattributable to common stock of $297 million, or $33.20 book value per common\nshare. Tangible equity((1)) of $246 million, or $13.31 per share((1)).\n\n * Completed the acquisition of Onity HECM servicing portfolio in June 2026.\n ((1)) See the sections titled “Reconciliation to GAAP” and “Non-GAAP             \n Financial Measures” for reconciliations to the most directly comparable GAAP     \n measures and other important disclosures.                                        \n ((2)) The financial information presented in the highlights is for the           \n Company’s continuing operations.                                                 \n\n\nGraham A. Fleming, Chief Executive Officer commented, “The second quarter of\n2026 reinforced what we've been communicating over the past several quarters:\nthat the operational improvements and investments we have made are now\ntranslating into a stronger, more scalable business. Demand is strengthening,\nconversion and sales productivity are improving, and our proprietary products\nare expanding the ways we can serve older homeowners. We believe Finance of\nAmerica is well positioned to capture the long-term opportunity in home equity\nand create durable shareholder value.”\n (unaudited)                                                                                                                                                                                                \n                                                                                                                                                                                                            \n Second Quarter and Year-to-Date 2026 Financial Summary of Continuing                                                                                                                                       \n Operations                                                                                                                                                                                                 \n                                                                                                                                                                                                            \n ($ amounts in millions, except per share data)                                                         Variance (%)                   Variance (%)                                       Variance (%)      \n                                                   Q2'26                                     Q1'26      Q2'26 vs Q1'26      Q2'25      Q2'26 vs Q2'25      YTD 2026         YTD 2025      2026 vs           \n                                                                                                                                                                                          \n                 \n                                                                                                                                                                                          \n2025             \n Funded volume                                     $             730                         $    596   22        %         $    602   21        %         $    1,326       $      1,163  14       %        \n Total revenues                                                  62                               120   (48       )%             177   (65       )%             183                343    (47      )%       \n Total expenses and other, net                                   134                              84    60        %              95    41        %              217                179    21       %        \n Pre-tax income (loss) from continuing operations                (71           )                  36    (297      )%             82    (187      )%             (35    )           164    (121     )%       \n Net income (loss) from continuing operations                    (29           )                  35    (183      )%             80    (136      )%             6                  160    (96      )%       \n Adjusted net income((1))                                        19                               26    (27       )%             14    36        %              45                 27     67       %        \n Adjusted EBITDA((1))                                            35                               44    (20       )%             30    17        %              79                 59     34       %        \n Basic earnings per share                          $             0.10                        $    1.93  (95       )%        $    3.16  (97       )%        $    1.99        $      6.33   (69      )%       \n Diluted earnings (loss) per share((2))            $             (1.28         )             $    0.88  (245      )%        $    2.13  (160      )%        $    0.41        $      4.69   (91      )%       \n Adjusted earnings per share((1))                  $             0.84                        $    1.10  (24       )%        $    0.55  53        %         $    1.94        $      1.07   81       %        \n\n ((1))  See the sections titled “Reconciliation to GAAP” and “Non-GAAP Financial        \n        Measures” for reconciliations to the most directly comparable GAAP measures     \n        and other important disclosures.                                                \n ((2))  Calculated using the treasury stock, if-converted, or two-class method, except  \n        when anti-dilutive.                                                             \n\n Balance Sheet Highlights                                                                                                                             \n                                                                                                                                                      \n ($ amounts in millions)((1))                                    June 30,       March 31,      Variance (%)        June 30,       Variance (%)        \n                                                                 2026           2026           Q2'26 vs Q1'26      2025           Q2'26 vs Q2'25      \n Cash and cash equivalents                                       $      85      $      108     (21       )%        $      46      85        %         \n Securitized loans held for investment (HMBS & nonrecourse)             35,973         30,090  20        %                28,747  25        %         \n Total assets                                                           37,317         31,328  19        %                30,147  24        %         \n Total liabilities                                                      36,910         30,890  19        %                29,674  24        %         \n Total equity                                                           407            438     (7        )%               473     (14       )%        \n Tangible equity((2))                                                   246            268     (8        )%               275     (11       )%        \n\n\n\n * As of June 30, 2026, the Company held $85 million in cash and cash\nequivalents, an 85% increase from June 30, 2025, reflecting strong cash\ngeneration from originations and capital markets activities, which provided\nthe majority of the funding to complete the acquisition of the Onity HECM\nservicing portfolio.\n\n * Securitized loans held for investment, total assets, and total liabilities\nincreased by 19% or more over the first quarter following the acquisition of\nthe Onity HECM servicing portfolio on June 30, 2026.\n\n * Total equity of $407 million as of June 30, 2026, with total equity\nattributable to common stock of $297 million as of June 30, 2026, or $33.20\nbook value per common share. Tangible equity((2)) totaled $246 million as of\nJune 30, 2026, or $13.31 per share((2))\n ((1))  Numbers may not foot due to rounding.                                           \n ((2))  See the sections titled “Reconciliation to GAAP” and “Non-GAAP Financial        \n        Measures” for reconciliations to the most directly comparable GAAP measures     \n        and other important disclosures.                                                \n                                                                                        \n (unaudited)                                                                            \n\n\nSegment Results\n\nRetirement Solutions\n\nThe Retirement Solutions segment generates revenue from fees earned at the\ntime of loan origination as well as from the initial estimate of net\norigination gains, with all originated loans accounted for at fair value.\n                                                   Variance (%)                    Variance (%)                                    Variance (%)      \n                                                   Q2'26 vs Q1'26                  Q2'26 vs Q2'25                                  2026 vs           \n \n                         \n           \n                               \n                               \n             \n             \n                 \n \n($ amounts in millions)  \nQ2'26      \nQ1'26                          \nQ2'25                          \nYTD 2026     \nYTD 2025     \n2025             \n Funded volume             $     730   $     596   22        %         $     602   21        %         $      1,326  $      1,163  14       %        \n Total revenue                   74          67    10        %               62    19        %                140           114    23       %        \n Pre-tax income                  10          10    —         %               10    —         %                20            14     43       %        \n Adjusted net income((1))        15          14    7         %               15    —         %                29            24     21       %        \n\n\n\n * For the quarter, funded volume increased 21% to $730 million compared to $602\nmillion in the second quarter of 2025, reflecting growing demand for home\nequity solutions.\n\n * Total revenue for the quarter increased by 19% year over year to $74 million,\nas funded volume increased while revenue margins were relatively stable at\n10.1%.\n\n * Profitability increased significantly as operating leverage improved with\nscale. For the first half of 2026, pre-tax income increased to $20 million\nfrom $14 million in the first half of 2025, a 43% improvement, while adjusted\nnet income((1)) increased to $29 million from $24 million in the first half of\n2025, a 21% improvement, in line with the growth in revenue.\n ((1))  See the sections titled “Reconciliation to GAAP” and “Non-GAAP Financial        \n        Measures” for reconciliations to the most directly comparable GAAP measures     \n        and other important disclosures.                                                \n\n\nPortfolio Management\n\nThe Portfolio Management segment primarily generates revenue in the form of\nnet interest income and fair value changes on our portfolio assets, monetized\nthrough securitization, sale, or other financing of those assets.\n                                                                                 Variance (%)                     Variance (%)                                      Variance (%)      \n ($ amounts in millions)                            Q2'26           Q1'26        Q2'26 vs Q1'26      Q2'25        Q2'26 vs Q2'25      YTD 2026       YTD 2025       2026 vs           \n                                                                                                                                                                    \n                 \n                                                                                                                                                                    \n2025             \n Assets under management                            $   37,042      $    31,052  19        %         $    29,907  24        %         $      37,042  $      29,907  24       %        \n Assets excluding HMBS and nonrecourse obligations      1,683            1,513   11        %              1,838   (8        )%               1,683          1,838   (8       )%       \n Total revenue                                          1                66      (98       )%             130     (99       )%               67             259     (74      )%       \n Pre-tax income (loss)                                  (26     )        36      (172      )%             108     (124      )%               10             213     (95      )%       \n Adjusted net income((1))                               18               28      (36       )%             16      13        %                46             37      24       %        \n\n\n\n * For the quarter, pre-tax loss of $26 million reflects negative non-cash fair\nvalue adjustments on retained interests in securitizations, partially offset\nby higher accreted yield on the Company’s residual interests.\n\n * Year-to-date adjusted net income((1)) increased 24% to $46 million compared to\n$37 million in the first half of 2025, reflecting improved portfolio economics\nand higher accreted yield.\n ((1))  See the sections titled “Reconciliation to GAAP” and “Non-GAAP Financial        \n        Measures” for reconciliations to the most directly comparable GAAP measures     \n        and other important disclosures.                                                \n\n Finance of America Companies Inc.                                                                                                  \n \n                                                                                                                                  \n \nSelected Financial Information                                                                                                    \n \n                                                                                                                                  \n \nCondensed Consolidated Statements of Financial Condition                                                                          \n \n                                                                                                                                  \n \n(in thousands, except share data)                                                                                                 \n \n                                                                                                                                  \n \n(unaudited)                                                                                                                       \n                                                                                                                                    \n                                                                                June 30, 2026             March 31, 2026            \n ASSETS                                                                                                                             \n Cash and cash equivalents                                                      $      85,278             $      107,656            \n Restricted cash                                                                       255,187                   268,950            \n Loans held for investment, subject to HMBS related obligations, at fair value         25,044,536                19,321,265         \n Loans held for investment, subject to nonrecourse debt, at fair value                 10,928,261                10,769,209         \n Loans held for investment, at fair value                                              516,892                   454,245            \n Intangible assets, net                                                                161,020                   170,318            \n Other assets, net (includes $188,635 and $119,654 at fair value)                      325,589                   236,496            \n TOTAL ASSETS                                                                   $      37,316,763         $      31,328,139         \n                                                                                                                                    \n LIABILITIES AND EQUITY                                                                                                             \n HMBS related obligations, at fair value                                        $      24,717,687         $      19,087,650         \n Nonrecourse debt, at fair value                                                       10,641,380                10,450,834         \n Other financing lines of credit                                                       1,054,766                 899,338            \n Notes payable (includes $61,156 and $36,889 at fair value, and includes                                                            \n $87,126 due to a related party as of both June 30, 2026 and March 31, 2026)    \n      \n           \n      \n      \n           \n      \n                                                                                \n      \n347,029    \n      \n      \n317,811    \n      \n Payables and other liabilities (includes $4,221 and $4,524 at fair value)             149,196                   134,392            \n TOTAL LIABILITIES                                                                     36,910,058                30,890,025         \n                                                                                                                                    \n EQUITY                                                                                                                             \n Preferred Stock, $0.0001 par value; 600,000,000 shares authorized; 50,000             —                         —                  \n shares issued and outstanding as of both June 30, 2026 and March 31, 2026                                                          \n Class A Common Stock, $0.0001 par value; 6,000,000,000 shares authorized;                                                          \n 9,362,420 and 8,977,781 shares issued, and 8,936,570 and 8,551,931 shares      \n      \n           \n      \n      \n           \n      \n outstanding                                                                    \n      \n1          \n      \n      \n1          \n      \n Class B Common Stock, $0.0001 par value; 1,000,000 shares authorized; 12              —                         —                  \n shares issued and outstanding as of both June 30, 2026 and March 31, 2026                                                          \n Additional paid-in capital                                                            981,042                   984,134            \n Accumulated deficit                                                                   (634,101    )             (636,153    )      \n Accumulated other comprehensive loss                                                  (285        )             (285        )      \n Noncontrolling interest                                                               60,048                    90,417             \n TOTAL EQUITY                                                                          406,705                   438,114            \n TOTAL LIABILITIES AND EQUITY                                                   $      37,316,763         $      31,328,139         \n\n Finance of America Companies Inc.                                                                                                                                         \n \n                                                                                                                                                                         \n \nSelected Financial Information                                                                                                                                           \n \n                                                                                                                                                                         \n \nCondensed Consolidated Statements of Operations                                                                                                                          \n \n                                                                                                                                                                         \n \n(in thousands, except share data)                                                                                                                                        \n \n                                                                                                                                                                         \n \n(unaudited)                                                                                                                                                              \n                                                                                                                                                                           \n                                                                   Q2'26               Q1'26               Q2'25               YTD 2026              YTD 2025              \n PORTFOLIO INTEREST INCOME                                                                                                                                                 \n Interest income                                                   $   490,075         $   467,603         $   481,800         $    957,678          $    962,402          \n Interest expense                                                      (435,160    )       (401,333    )       (422,336    )        (836,493    )         (832,503    )    \n NET PORTFOLIO INTEREST INCOME                                         54,915              66,270              59,464               121,185               129,899          \n                                                                                                                                                                           \n OTHER INCOME (EXPENSE)                                                                                                                                                    \n Net origination gains                                                 66,576              60,887              56,058               127,463               102,096          \n Gains on securitization of HECM tails, net                            13,620              11,667              10,855               25,287                21,336           \n Fair value changes from model amortization                            (36,199     )       (32,020     )       (35,456     )        (68,219     )         (76,412     )    \n Fair value changes from market inputs or model assumptions            (31,543     )       19,924              94,939               (11,619     )         183,202          \n Net fair value changes on loans and related obligations               12,454              60,458              126,396              72,912                230,222          \n Fee income                                                            7,454               6,112               6,739                13,566                13,085           \n Non-funding interest expense, net                                     (12,342     )       (12,698     )       (15,223     )        (25,040     )         (30,135     )    \n NET OTHER INCOME (EXPENSE)                                            7,566               53,872              117,912              61,438                213,172          \n                                                                                                                                                                           \n TOTAL REVENUES                                                        62,481              120,142             177,376              182,623               343,071          \n                                                                                                                                                                           \n EXPENSES                                                                                                                                                                  \n Salaries, benefits, and related expenses                              42,267              42,604              36,974               84,871                70,904           \n Loan production and portfolio related expenses                        15,034              17,666              9,462                32,700                20,792           \n Loan servicing expenses                                               7,743               7,446               7,525                15,189                15,266           \n Marketing and advertising expenses                                    17,214              13,339              12,265               30,553                22,996           \n Amortization and depreciation                                         9,929               9,852               9,654                19,781                19,312           \n General and administrative expenses                                   13,902              14,459              13,180               28,361                26,159           \n TOTAL EXPENSES                                                        106,089             105,366             89,060               211,455               175,429          \n OTHER, NET                                                            (27,448     )       21,481              (6,361      )        (5,967      )         (3,994      )    \n NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES      (71,056     )       36,257              81,955               (34,799     )         163,648          \n Provision (benefit) for income taxes from continuing operations       (42,204     )       1,093               2,132                (41,111     )         4,075            \n NET INCOME (LOSS) FROM CONTINUING OPERATIONS                          (28,852     )       35,164              79,823               6,312                 159,573          \n NET LOSS FROM DISCONTINUED OPERATIONS                                 —                   —                   —                    —                     (4,750      )    \n NET INCOME (LOSS)                                                     (28,852     )       35,164              79,823               6,312                 154,823          \n Noncontrolling interest                                               (30,904     )       17,657              44,900               (13,247     )         89,691           \n NET INCOME ATTRIBUTABLE TO CONTROLLING INTEREST                       2,052               17,507              34,923               19,559                65,132           \n Preferred Stock dividends                                             1,125               1,125               —                    2,250                 —                \n NET INCOME ATTRIBUTABLE TO HOLDERS OF CLASS A COMMON STOCK        $   927             $   16,382          $   34,923          $    17,309           $    65,132           \n                                                                                                                                                                           \n EARNINGS PER SHARE                                                                                                                                                        \n Basic weighted average shares outstanding                             8,911,666           8,500,966           11,041,337           8,707,450             10,611,689       \n Basic earnings per share from continuing operations               $   0.10            $   1.93            $   3.16            $    1.99             $    6.33             \n Basic earnings per share                                          $   0.10            $   1.93            $   3.16            $    1.99             $    6.14             \n Diluted weighted average shares outstanding                           17,000,600          19,237,695          30,137,247           22,499,174            30,152,054       \n Diluted earnings (loss) per share from continuing operations      $   (1.28       )   $   0.88            $   2.13            $    0.41             $    4.69             \n Diluted earnings (loss) per share                                 $   (1.28       )   $   0.88            $   2.13            $    0.41             $    4.56             \n\n (unaudited)                                                                                                                                                                                     \n Reconciliation to GAAP                                                                                                                                                                          \n                                                                                                                                                                                                 \n ($ amounts in millions)((1))                                                    Q2'26                       Q1'26               Q2'25               YTD 2026              YTD 2025              \n Reconciliation of net income (loss) from continuing operations to adjusted net                                                                                                                  \n income and adjusted EBITDA                                                                                                                                                                      \n Net income (loss) from continuing operations                                    $       (29         )       $   35              $   80              $    6                $    160              \n Add back: (Provision) benefit for income taxes                                          42                      (1          )       (2          )        41                    (4          )    \n Net income (loss) from continuing operations before taxes                               (71         )           36                  82                   (35         )         164              \n Adjustments for:                                                                                                                                                                                \n Changes in fair value((2))                                                              84                      (15         )       (76         )        69                    (151        )    \n Amortization of intangible assets                                                       9                       9                   9                    19                    19               \n Equity-based compensation((3))                                                          3                       3                   3                    7                     5                \n Certain non-recurring costs((4))                                                        1                       1                   1                    2                     1                \n Adjusted net income before income taxes                                                 26                      35                  19                   62                    37               \n Provision for income taxes((5))                                                         (7          )           (9          )       (5          )        (16         )         (10         )    \n Adjusted net income                                                                     19                      26                  14                   45                    27               \n Provision for income taxes((5))                                                         7                       9                   5                    16                    10               \n Depreciation                                                                            1                       1                   —                    1                     1                \n Interest expense on non-funding debt                                                    8                       8                   11                   16                    22               \n Adjusted EBITDA                                                                 $       35                  $   44              $   30              $    79               $    59               \n                                                                                                                                                                                                 \n ($ amounts in millions except shares and $ per share)                           Q2'26                       Q1'26               Q2'25               YTD 2026              YTD 2025              \n GAAP PER SHARE MEASURES                                                                                                                                                                         \n Net income from continuing operations attributable to holders of Class A        $       1                   $   16              $   35              $    17               $    67               \n Common Stock                                                                                                                                                                                    \n Weighted average outstanding share count                                                8,911,666               8,500,966           11,041,337           8,707,450             10,611,689       \n Basic earnings per share from continuing operations                             $       0.10                $   1.93            $   3.16            $    1.99             $    6.33             \n If-converted method net income (loss) from continuing operations                $       (22         )       $   17              $   64              $    9                $    141              \n Weighted average diluted share count                                                    17,000,600              19,237,695          30,137,247           22,499,174            30,152,054       \n Diluted earnings (loss) per share from continuing operations((6))               $       (1.28       )       $   0.88            $   2.13            $    0.41             $    4.69             \n                                                                                                                                                                                                 \n NON-GAAP PER SHARE MEASURES                                                                                                                                                                     \n Adjusted net income                                                             $       19                  $   26              $   14              $    45               $    27               \n Exchangeable secured notes interest expense((7))                                        3                       3                   3                    5                     5                \n Total                                                                           $       22                  $   29              $   17              $    51               $    32               \n Weighted average share count                                                            26,294,139              26,004,194          30,137,247           26,149,967            30,152,054       \n Adjusted earnings per share                                                     $       0.84                $   1.10            $   0.55            $    1.94             $    1.07             \n\n (unaudited)                                                                                                                 \n                                                                                                                             \n ($ amounts in millions except shares and $ per share)((1))  June 30, 2026        March 31, 2026        June 30, 2025        \n GAAP Book Value Per Common Share                                                                                            \n Total equity                                                $        407         $         438         $        473         \n Less: Preferred Stock                                                50                    50                   —           \n Less: Noncontrolling interest                                        60                    90                   148         \n Total equity attributable to common stock                   $        297         $         298         $        325         \n Class A Common Stock outstanding                                     8,936,570             8,551,931            11,076,638  \n Book value per common share                                 $        33.20       $         34.81       $        29.36       \n                                                                                                                             \n Non-GAAP Tangible Equity Per Share                                                                                          \n Total equity                                                $        407         $         438         $        473         \n Less: Intangible assets, net                                         161                   170                  198         \n Tangible equity                                             $        246         $         268         $        275         \n Class A Common Stock outstanding                                     8,936,570             8,551,931            11,076,638  \n Class A LLC Units (if-converted to Class A Common Stock)             8,088,934             8,088,934            13,219,354  \n Preferred Stock (if-converted to Class A Common Stock)               1,428,571             1,428,571            —           \n Adjusted Class A Common Stock outstanding                            18,454,075            18,069,436           24,295,992  \n Tangible equity per share                                   $        13.31       $         14.82       $        11.33       \n\n ((1))  Totals may not foot due to rounding.                                             \n ((2))  Changes in fair value include changes in fair value of loans, retained bonds,    \n        and related obligations due to market inputs or model assumptions, deferred      \n        purchase price liabilities, and convertible notes, and amortization of the       \n        discount on senior notes resulting from the fair value measurement at            \n        issuance.                                                                        \n ((3))  Includes all equity-based compensation.                                          \n ((4))  Reflects certain non-recurring costs and adjustments that management believes    \n        should be excluded as these do not relate to a recurring part of the core        \n        business operations. These items include amounts recognized for settlement of    \n        legal and regulatory matters, acquisition or divestiture-related expenses, and   \n        other one-time charges.                                                          \n ((5))  Income tax provision adjustments to apply an effective combined federal and      \n        state corporate tax rate to adjusted net income before taxes.                    \n ((6))  Calculated using the treasury stock, if-converted, or two-class method, except   \n        when anti-dilutive.                                                              \n ((7))  Represents interest expense on our exchangeable secured notes, excluding the     \n        amortization of the discount on the exchangeable secured notes. The adjustment   \n        is presented net of the related income tax benefit, calculated using our         \n        effective combined federal and state corporate tax rate, if dilutive for         \n        adjusted earnings per share.                                                     \n\n (unaudited)                                                                                                                                                                 \n Adjusted Net Income (Loss) by Segment (Continuing Operations)                                                                                                               \n                                                                                                                                                                             \n For the three months ended June 30, 2026                                                                                                                                    \n ($ amounts in millions except shares and $ per share)((1))  Retirement Solutions          Portfolio Management          Corporate & Other               FOA                 \n Pre-tax income (loss)                                       $        10                   $        (26         )        $         (55         )         $   (71         )   \n Adjustments for:                                                                                                                                                            \n Changes in fair value((2))                                           —                             50                             34                        84              \n Amortization of intangible assets                                    9                             —                              —                         9               \n Equity-based compensation((3))                                       —                             —                              3                         3               \n Certain non-recurring costs((4))                                     —                             —                              —                         1               \n Adjusted net income (loss) before taxes                     $        20                   $        24                   $         (18         )         $   26              \n Benefit (provision) for income taxes((5))                            (5          )                 (6          )                  5                         (7          )   \n Adjusted net income (loss)                                  $        15                   $        18                   $         (13         )         $   19              \n Exchangeable secured notes interest expense((6))                     —                             —                              3                         3               \n Total                                                       $        15                   $        18                   $         (10         )         $   22              \n Weighted average share count                                         26,294,139                    26,294,139                     26,294,139                26,294,139      \n Adjusted earnings (loss) per share                          $        0.56                 $        0.68                 $         (0.39       )         $   0.84            \n\n For the three months ended March 31, 2026                                                                                                                                   \n ($ amounts in millions except shares and $ per share)((1))  Retirement Solutions          Portfolio Management          Corporate & Other               FOA                 \n Pre-tax income (loss)                                       $        10                   $        36                   $         (10         )         $   36              \n Adjustments for:                                                                                                                                                            \n Changes in fair value((2))                                           —                             2                              (17         )             (15         )   \n Amortization of intangible assets                                    9                             —                              —                         9               \n Equity-based compensation((3))                                       —                             —                              3                         3               \n Certain non-recurring costs((4))                                     —                             —                              1                         1               \n Adjusted net income (loss) before taxes                     $        20                   $        39                   $         (23         )         $   35              \n Benefit (provision) for income taxes((5))                            (5          )                 (10         )                  6                         (9          )   \n Adjusted net income (loss)                                  $        14                   $        28                   $         (17         )         $   26              \n Exchangeable secured notes interest expense((6))                     —                             —                              3                         3               \n Total                                                       $        14                   $        28                   $         (14         )         $   29              \n Weighted average share count                                         26,004,194                    26,004,194                     26,004,194                26,004,194      \n Adjusted earnings (loss) per share                          $        0.56                 $        1.09                 $         (0.55       )         $   1.10            \n\n (unaudited)                                                                                                                                                                 \n                                                                                                                                                                             \n For the three months ended June 30, 2025                                                                                                                                    \n ($ amounts in millions except shares and $ per share)((1))  Retirement Solutions          Portfolio Management          Corporate & Other               FOA                 \n Pre-tax income (loss)                                       $        10                   $        108                  $         (37         )         $   82              \n Adjustments for:                                                                                                                                                            \n Changes in fair value((2))                                           —                             (86         )                  11                        (76         )   \n Amortization of intangible assets                                    9                             —                              —                         9               \n Equity-based compensation((3))                                       —                             —                              2                         3               \n Certain non-recurring costs((4))                                     —                             —                              1                         1               \n Adjusted net income (loss) before taxes                     $        20                   $        22                   $         (23         )         $   19              \n Benefit (provision) for income taxes((5))                            (5          )                 (6          )                  6                         (5          )   \n Adjusted net income (loss)                                  $        15                   $        16                   $         (17         )         $   14              \n Exchangeable secured notes interest expense((6))                     —                             —                              3                         3               \n Total                                                       $        15                   $        16                   $         (14         )         $   17              \n Weighted average share count                                         30,137,247                    30,137,247                     30,137,247                30,137,247      \n Adjusted earnings (loss) per share                          $        0.49                 $        0.54                 $         (0.47       )         $   0.55            \n\n For the six months ended June 30, 2026                                                                                                                                      \n ($ amounts in millions except shares and $ per share)((1))  Retirement Solutions          Portfolio Management          Corporate & Other                                   \n                                                                                                                                                         \n                   \n                                                                                                                                                         \nFOA                \n Pre-tax income (loss)                                       $        20                   $        10                   $         (65         )         $   (35         )   \n Adjustments for:                                                                                                                                                            \n Changes in fair value((2))                                           —                             52                             17                        69              \n Amortization of intangible assets                                    19                            —                              —                         19              \n Equity-based compensation((3))                                       —                             —                              6                         7               \n Certain non-recurring costs((4))                                     —                             —                              1                         2               \n Adjusted net income (loss) before taxes                     $        40                   $        63                   $         (41         )         $   62              \n Benefit (provision) for income taxes((5))                            (10         )                 (16         )                  11                        (16         )   \n Adjusted net income (loss)                                  $        29                   $        46                   $         (30         )         $   45              \n Exchangeable secured notes interest expense((6))                     —                             —                              5                         5               \n Total                                                       $        29                   $        46                   $         (25         )         $   51              \n Weighted average share count                                         26,149,967                    26,149,967                     26,149,967                26,149,967      \n Adjusted earnings (loss) per share                          $        1.12                 $        1.77                 $         (0.94       )         $   1.94            \n\n (unaudited)                                                                                                                                                                 \n                                                                                                                                                                             \n For the six months ended June 30, 2025                                                                                                                                      \n ($ amounts in millions except shares and $ per share)((1))  Retirement Solutions          Portfolio Management          Corporate & Other                                   \n                                                                                                                                                         \n                   \n                                                                                                                                                         \nFOA                \n Pre-tax income (loss)                                       $        14                   $        213                  $         (63         )         $   164             \n Adjustments for:                                                                                                                                                            \n Changes in fair value((2))                                           —                             (164        )                  13                        (151        )   \n Amortization of intangible assets                                    19                            —                              —                         19              \n Equity-based compensation((3))                                       —                             —                              4                         5               \n Certain non-recurring costs((4))                                     —                             —                              1                         1               \n Adjusted net income (loss) before taxes                     $        33                   $        50                   $         (46         )         $   37              \n Benefit (provision) for income taxes((5))                            (9          )                 (13         )                  12                        (10         )   \n Adjusted net income (loss)                                  $        24                   $        37                   $         (34         )         $   27              \n Exchangeable secured notes interest expense((6))                     —                             —                              5                         5               \n Total                                                       $        24                   $        37                   $         (29         )         $   32              \n Weighted average share count                                         30,152,054                    30,152,054                     30,152,054                30,152,054      \n Adjusted earnings (loss) per share                          $        0.80                 $        1.21                 $         (0.95       )         $   1.07            \n\n ((1))  Totals may not foot due to rounding.                                             \n ((2))  Changes in fair value include changes in fair value of loans, retained bonds,    \n        and related obligations due to market inputs or model assumptions, deferred      \n        purchase price liabilities, and convertible notes, and amortization of the       \n        discount on senior notes resulting from the fair value measurement at            \n        issuance.                                                                        \n ((3))  Includes all equity-based compensation.                                          \n ((4))  Reflects certain non-recurring costs and adjustments that management believes    \n        should be excluded as these do not relate to a recurring part of the core        \n        business operations. These items include amounts recognized for settlement of    \n        legal and regulatory matters, acquisition or divestiture-related expenses, and   \n        other one-time charges.                                                          \n ((5))  Income tax benefit (provision) adjustments to apply an effective combined        \n        federal and state corporate tax rate to adjusted net income (loss) before        \n        taxes.                                                                           \n ((6))  Represents interest expense on our exchangeable secured notes, excluding the     \n        amortization of the discount on the exchangeable secured notes. The adjustment   \n        is presented net of the related income tax benefit, calculated using our         \n        effective combined federal and state corporate tax rate, if dilutive for         \n        adjusted earnings (loss) per share.                                              \n\n\nWebcast and Conference Call\n\nManagement will host a webcast and conference call on Tuesday, August 4, 2026\nat 5:00 pm Eastern Time to discuss the Company’s results for the second\nquarter ended June 30, 2026. A copy of this press release and an accompanying\ninvestor presentation will be posted prior to the call under the\n“Investors” section on Finance of America’s investor-oriented website at\nhttps://ir.financeofamericacompanies.com/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.financeofamericacompanies.com%2F&esheet=54583402&newsitemid=20260804478740&lan=en-US&anchor=https%3A%2F%2Fir.financeofamericacompanies.com%2F&index=1&md5=9be1f62ed267e71804eb0fe5287ab85c)\n.\n\nTo listen to the audio webcast of the conference call, please visit the\n“Investors” section of the Company’s investor-oriented website at\nhttps://ir.financeofamericacompanies.com/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.financeofamericacompanies.com%2F&esheet=54583402&newsitemid=20260804478740&lan=en-US&anchor=https%3A%2F%2Fir.financeofamericacompanies.com%2F&index=2&md5=a4929903c61e22d88aab551c84220016)\n. The conference call can also be accessed by dialing the following:\n\n\n * 1-833-461-5787 (North America)\n\n * 1-585-542-9983 (International)\n\n * Meeting ID: 811219301\n\nReplay\n\nA replay of the webcast will be available on the Company’s investor-oriented\nwebsite approximately two hours after the conclusion of the conference call\nand will remain available on the “Investors” section of the Company’s\nwebsite at https://ir.financeofamericacompanies.com/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.financeofamericacompanies.com%2F&esheet=54583402&newsitemid=20260804478740&lan=en-US&anchor=https%3A%2F%2Fir.financeofamericacompanies.com%2F&index=3&md5=c0b56a8848b7b493169f1bf25385b4d8)\n.\n\nAbout Finance of America\n\nFinance of America (NYSE: FOA) is a leading provider of home equity-based\nfinancing solutions for a modern retirement. In addition, Finance of America\noffers capital markets and portfolio management capabilities primarily to\noptimize the distribution of its originated loans to investors. Finance of\nAmerica is headquartered in Plano, Texas. For more information, please visit\nFinance of America’s investor-oriented website at\nwww.financeofamericacompanies.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.financeofamericacompanies.com%2F&esheet=54583402&newsitemid=20260804478740&lan=en-US&anchor=www.financeofamericacompanies.com&index=4&md5=7e4414187c880228cab1867635f2fb47)\nand Finance of America’s consumer-oriented website at\nwww.financeofamerica.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.financeofamerica.com%2F&esheet=54583402&newsitemid=20260804478740&lan=en-US&anchor=www.financeofamerica.com&index=5&md5=8790376974d0c2fc1215832449152659)\n.\n\nForward-Looking Statements\n\nThis release contains forward-looking statements within the meaning of the\n“safe harbor” provisions of the United States of America (“U.S.”)\nPrivate Securities Litigation Reform Act of 1995. Forward-looking statements\nare not historical facts or statements of current conditions, but instead\nrepresent only the Company’s beliefs regarding future events, many of which,\nby their nature, are inherently uncertain and outside of the control of the\nCompany. These statements include, but are not limited to, statements related\nto our expectations regarding the performance of our business, our financial\nresults, our liquidity and capital resources, and other non-historical\nstatements. In some cases, you can identify these forward-looking statements\nby the use of words such as “outlook,” “believes,” “expects,”\n“potential,” “continues,” “may,” “will,” “should,”\n“could,” “seeks,” “projects,” “predicts,” “intends,”\n“plans,” “estimates,” “budgets,” “forecasts,”\n“anticipates,” or the negative version of these words or other comparable\nwords. Such forward-looking statements are subject to various risks and\nuncertainties that could cause actual outcomes or results to differ materially\nfrom those indicated in these statements, including those risks referenced\nbelow. Given the significant uncertainties inherent in the forward-looking\nstatements included herein, the inclusion of such information should not be\nregarded as a representation by us or any other person that the results or\nconditions described in such statements or our objectives and plans will be\nachieved. The Company cautions readers not to place undue reliance upon any\nforward-looking statements, which are current only as of the date of this\nrelease. Results for any specified quarter are not necessarily indicative of\nthe results that may be expected for the full year or any future period. The\nCompany does not undertake or accept any obligation or undertaking to release\npublicly any updates or revisions to any forward-looking statements to reflect\nany change in its expectations or any change in events, conditions, or\ncircumstances on which any such statement is based, except as required by law.\nAll subsequent written and oral forward-looking statements concerning the\nCompany or other matters and attributable to the Company or any person acting\non its behalf are expressly qualified in their entirety by the cautionary\nstatements above. A number of important factors exist that could cause future\nresults to differ materially from historical performance and these\nforward-looking statements. Factors that might cause such a difference\ninclude, but are not limited to, those factors indicated in the Company’s\nfilings with the U.S. Securities and Exchange Commission (the “SEC”).\n\nAll of these factors are difficult to predict, contain uncertainties that may\nmaterially affect actual results, and may be beyond our control. New factors\nemerge from time to time, and it is not possible for our management to predict\nall such factors or to assess the effect of each such new factor on our\nbusiness. Although we believe that the assumptions underlying the\nforward-looking statements contained herein are reasonable, any of the\nassumptions could be inaccurate, and any of these statements included herein\nmay prove to be inaccurate. Please refer to “Risk Factors” included in our\nAnnual Report on Form 10-K for the year ended December 31, 2025, filed with\nthe SEC on March 13, 2026, for further information on risk factors affecting\nus, as such factors may be amended and updated from time to time in the\nCompany’s subsequent periodic filings with the SEC, which are or will be\naccessible on the SEC’s website at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov%2F&esheet=54583402&newsitemid=20260804478740&lan=en-US&anchor=www.sec.gov&index=6&md5=88242208fa49fbc7782bd6e08bb8d959)\n.\n\nNon-GAAP Financial Measures\n\nThe Company’s management evaluates performance of the Company through the\nuse of certain financial measures that are not prepared in accordance with\nU.S. generally accepted accounting principles (“GAAP”), including adjusted\nnet income (loss), adjusted earnings before interest, taxes, depreciation, and\namortization (“EBITDA”), adjusted earnings (loss) per share, tangible\nequity, and tangible equity per share.\n\nThe presentation of non-GAAP measures is used to enhance investors’\nunderstanding of certain aspects of our financial performance. This discussion\nis not meant to be considered in isolation, superior to, or as a substitute\nfor the directly comparable financial measures prepared in accordance with\nU.S. GAAP. Management believes these key financial measures provide an\nadditional view of our performance over the long-term and provide useful\ninformation that we use in order to maintain and grow our business.\n\nThese non-GAAP financial measures should not be considered as an alternative\nto net income (loss), operating cash flows, or any other performance measures\ndetermined in accordance with U.S. GAAP. Adjusted net income (loss), adjusted\nEBITDA, adjusted earnings (loss) per share, tangible equity, and tangible\nequity per share have important limitations as analytical tools and should not\nbe considered in isolation or as a substitute for analysis of our results as\nreported under U.S. GAAP. Some of the limitations of these metrics are: (i)\ncash expenditures for future contractual commitments; (ii) cash requirements\nfor working capital needs; (iii) cash requirements for certain tax payments;\nand (iv) all non-cash income/expense items.\n\nBecause of these limitations, adjusted net income (loss), adjusted EBITDA,\nadjusted earnings (loss) per share, tangible equity, and tangible equity per\nshare should not be considered as measures of discretionary cash available to\nus to invest in the growth of our business or distribute to shareholders. We\ncompensate for these limitations by relying primarily on our U.S. GAAP results\nand using our non-GAAP financial measures only as a supplement. Users of our\ncondensed consolidated financial statements are cautioned not to place undue\nreliance on our non-GAAP financial measures.\n\nAdjusted Net Income (Loss)\n\nWe define adjusted net income (loss) as net income (loss) from continuing\noperations adjusted for:\n\n\n 1. Income taxes\n\n 2. Changes in fair value of loans, retained bonds, and related obligations due to\nmarket inputs or model assumptions, deferred purchase price liabilities, and\nconvertible notes, and amortization of the discount on senior notes resulting\nfrom the fair value measurement at issuance.\n\n 3. Amortization of intangible assets.\n\n 4. Equity-based compensation.\n\n 5. Certain non-recurring costs and adjustments that management believes should be\nexcluded as these do not relate to a recurring part of the core business\noperations. These items include amounts recognized for settlement of legal and\nregulatory matters, acquisition or divestiture-related expenses, and other\none-time charges.\n\n 6. Income tax provision or benefit adjustments to apply an effective combined\nfederal and state corporate tax rate to adjusted net income (loss) before\nincome taxes.\n\nManagement considers adjusted net income (loss) important in evaluating our\nCompany as a whole. This supplemental metric is utilized by our management\nteam to assess the underlying key drivers and operational performance of the\ncontinuing operations of the business. In addition, analysts, investors, and\ncreditors may use this measure when analyzing our operating performance and\ncomparability to peers. Adjusted net income (loss) is not a presentation made\nin accordance with U.S. GAAP, and our definition and use of this measure may\nvary from other companies in our industry.\n\nAdjusted net income (loss) provides visibility to the underlying operating\nperformance by excluding the impact of certain items that management does not\nbelieve are representative of our core earnings. Adjusted net income (loss)\nmay also include other adjustments, as applicable, based upon facts and\ncircumstances, consistent with our intent of providing a supplemental means of\nevaluating our operating performance.\n\nAdjusted EBITDA\n\nWe define adjusted EBITDA as net income (loss) from continuing operations\nadjusted for:\n\n\n 1. Income taxes\n\n 2. Changes in fair value of loans, retained bonds, and related obligations due to\nmarket inputs or model assumptions, deferred purchase price liabilities, and\nconvertible notes, and amortization of the discount on senior notes resulting\nfrom the fair value measurement at issuance.\n\n 3. Amortization of intangible assets.\n\n 4. Equity-based compensation.\n\n 5. Certain non-recurring costs and adjustments that management believes should be\nexcluded as these do not relate to a recurring part of the core business\noperations. These items include amounts recognized for settlement of legal and\nregulatory matters, acquisition or divestiture-related expenses, and other\none-time charges.\n\n 6. Depreciation\n\n 7. Interest expense on non-funding debt, excluding amortization of the discount\non senior notes resulting from the fair value measurement at issuance.\n\nManagement considers adjusted EBITDA important in evaluating the Company as a\nwhole. This supplemental metric is utilized by our management team to assess\nthe underlying key drivers and operational performance of the continuing\noperations of the business. In addition, analysts, investors, and creditors\nmay use this measure when analyzing our operating performance and\ncomparability to peers. Adjusted EBITDA is not a presentation made in\naccordance with U.S. GAAP, and our definition and use of this measure may vary\nfrom other companies in our industry.\n\nAdjusted EBITDA provides visibility to the underlying operating performance by\nexcluding the impact of certain items that management does not believe are\nrepresentative of our core earnings. Adjusted EBITDA may also include other\nadjustments, as applicable, based upon facts and circumstances, consistent\nwith our intent of providing a supplemental means of evaluating our operating\nperformance.\n\nAdjusted Earnings (Loss) Per Share\n\nWe define adjusted earnings (loss) per share as adjusted net income (loss)\n(defined above) plus interest expense on the exchangeable secured notes, net\nof a tax effect, if dilutive for adjusted earnings (loss) per share, divided\nby the weighted average shares outstanding, which includes outstanding Class A\nCommon Stock plus the Class A LLC Units of Finance of America Equity Capital\nLLC owned by the noncontrolling interest on an if-converted basis, the\nexchange of the exchangeable secured notes on an if-converted basis if they\nare dilutive for adjusted earnings (loss) per share, the conversion of the\nconvertible notes on an if-converted basis, the conversion of the preferred\nstock on an if-converted basis, and any shares under the treasury stock\nmethod.\n\nManagement considers adjusted earnings (loss) per share important in\nevaluating the Company as a whole. This supplemental metric is utilized by our\nmanagement team to assess the underlying key drivers and operational\nperformance of the continuing operations of the business. In addition,\nanalysts, investors, and creditors may use this measure when analyzing our\noperating performance and comparability to peers. Adjusted earnings (loss) per\nshare is not a presentation made in accordance with U.S. GAAP, and our\ndefinition and use of this measure may vary from other companies in our\nindustry.\n\nA reconciliation of our forward-looking adjusted earnings per share outlook to\nU.S. GAAP earnings per share cannot be provided without unreasonable effort\nbecause of the inherent difficulty of accurately forecasting the occurrence\nand financial impact of the various adjusted items necessary for such\nreconciliation that have not yet occurred, are out of our control, or cannot\nbe reasonably predicted. For the same reasons, the company is unable to assess\nthe probable significance of the unavailable information, which could have a\nmaterial impact on its future U.S. GAAP financial results.\n\nTangible Equity\n\nWe define tangible equity as total equity less intangible assets, net.\nManagement uses this metric to evaluate the Company’s capital strength\nexclusive of intangible assets. We believe this measure is useful to analysts,\ninvestors, and creditors as it provides additional insight into the underlying\nequity position of the business. Tangible equity is not a presentation made in\naccordance with U.S. GAAP, and our definition and use of this measure may vary\nfrom other companies in our industry.\n\nTangible equity provides visibility to the underlying capital position by\nexcluding the impact of certain items that management does not believe are\nrepresentative of our core equity base. Tangible equity may also include other\nadjustments, as applicable, based upon facts and circumstances, consistent\nwith our intent of providing a supplemental means of evaluating our financial\nstrength.\n\nTangible Equity Per Share\n\nWe define tangible equity per share as tangible equity (defined above) divided\nby the adjusted Class A Common Stock outstanding, which is equal to the sum of\nshares of Class A Common Stock outstanding at quarter end, Class A LLC Units\nif-converted to Class A Common Stock at quarter end, and Preferred Stock\nif-converted to Class A Common Stock at quarter end. Management uses this\nmetric to evaluate the Company’s total capital strength exclusive of\nintangible assets. We believe this measure is useful to analysts, investors,\nand creditors as it provides additional insight into the underlying equity\nposition of the business. Tangible equity per share is not a presentation made\nin accordance with U.S. GAAP, and our definition and use of this measure may\nvary from other companies in our industry.\n\nTangible equity per share provides visibility to the total underlying capital\nposition by excluding the impact of certain items that management does not\nbelieve are representative of our core equity base. Tangible equity per share\nmay also include other adjustments, as applicable, based upon facts and\ncircumstances, consistent with our intent of providing a supplemental means of\nevaluating our financial strength.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260804478740/en/\n(https://www.businesswire.com/news/home/20260804478740/en/)\n\nFor Finance of America Media Relations: pr@financeofamerica.com \n(mailto:pr@financeofamerica.com) \nFor Finance of America Investor Relations: ir@financeofamerica.com\n(mailto:ir@financeofamerica.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwjMtg1a","title":"Finance of America Reports Second Quarter 2026 Results","author":"Business Wire","ticker":"FOA","created":"2026-08-04T20:05:00.601Z","tickers":["FOA"],"exchange":"NYSE","article_body":"Finance of America Reports Second Quarter 2026 Results\n\n– $0.10 in basic earnings per share or $1 million of net income attributable\nto holders of Class A Common Stock for the quarter –\n\n– $1.28 in diluted loss per share or $29 million net loss for the quarter\n–\n\n– $0.84 in adjusted earnings per share((1)) or $19 million of adjusted net\nincome((1)) for the quarter –\n\n– $35 million of Adjusted EBITDA((1)) for the quarter –\n\nFinance of America Companies Inc. (“Finance of America” or the\n“Company”) (NYSE: FOA), a leading provider of home equity-based financing\nsolutions for a modern retirement, reported financial results for the quarter\nended June 30, 2026.\n\nSecond Quarter and Year-to-Date 2026 Highlights((2))\n\n\n * Funded volume of $730 million for the quarter, representing a 21% increase\nyear over year.\n\n * $0.10 in basic earnings per share or $1 million of net income attributable to\nholders of Class A Common Stock for the quarter. For the first half of 2026,\nthe Company has recognized $1.99 in basic earnings per share or $17 million of\nnet income attributable to holders of Class A Common Stock.\n\n * $1.28 in diluted loss per share or $29 million net loss for the quarter. For\nthe first half of 2026, the Company recognized $0.41 in diluted earnings per\nshare or $6 million of net income.\n\n * $0.84 in adjusted earnings per share((1)) or $19 million of adjusted net\nincome((1)) during the quarter. On a per share basis, this represents a 53%\nimprovement over the second quarter 2025.\n\n * $1.94 in adjusted earnings per share((1)) or $45 million of adjusted net\nincome((1)) during the first half of 2026. On a per share basis, this\nrepresents a 81% improvement over the first half of 2025.\n\n * Total equity of $407 million as of June 30, 2026, with total equity\nattributable to common stock of $297 million, or $33.20 book value per common\nshare. Tangible equity((1)) of $246 million, or $13.31 per share((1)).\n\n * Completed the acquisition of Onity HECM servicing portfolio in June 2026.\n ((1)) See the sections titled “Reconciliation to GAAP” and “Non-GAAP             \n Financial Measures” for reconciliations to the most directly comparable GAAP     \n measures and other important disclosures.                                        \n ((2)) The financial information presented in the highlights is for the           \n Company’s continuing operations.                                                 \n\n\nGraham A. Fleming, Chief Executive Officer commented, “The second quarter of\n2026 reinforced what we've been communicating over the past several quarters:\nthat the operational improvements and investments we have made are now\ntranslating into a stronger, more scalable business. Demand is strengthening,\nconversion and sales productivity are improving, and our proprietary products\nare expanding the ways we can serve older homeowners. We believe Finance of\nAmerica is well positioned to capture the long-term opportunity in home equity\nand create durable shareholder value.”\n (unaudited)                                                                                                                                                                                                \n                                                                                                                                                                                                            \n Second Quarter and Year-to-Date 2026 Financial Summary of Continuing                                                                                                                                       \n Operations                                                                                                                                                                                                 \n                                                                                                                                                                                                            \n ($ amounts in millions, except per share data)                                                         Variance (%)                   Variance (%)                                       Variance (%)      \n                                                   Q2'26                                     Q1'26      Q2'26 vs Q1'26      Q2'25      Q2'26 vs Q2'25      YTD 2026         YTD 2025      2026 vs           \n                                                                                                                                                                                          \n                 \n                                                                                                                                                                                          \n2025             \n Funded volume                                     $             730                         $    596   22        %         $    602   21        %         $    1,326       $      1,163  14       %        \n Total revenues                                                  62                               120   (48       )%             177   (65       )%             183                343    (47      )%       \n Total expenses and other, net                                   134                              84    60        %              95    41        %              217                179    21       %        \n Pre-tax income (loss) from continuing operations                (71           )                  36    (297      )%             82    (187      )%             (35    )           164    (121     )%       \n Net income (loss) from continuing operations                    (29           )                  35    (183      )%             80    (136      )%             6                  160    (96      )%       \n Adjusted net income((1))                                        19                               26    (27       )%             14    36        %              45                 27     67       %        \n Adjusted EBITDA((1))                                            35                               44    (20       )%             30    17        %              79                 59     34       %        \n Basic earnings per share                          $             0.10                        $    1.93  (95       )%        $    3.16  (97       )%        $    1.99        $      6.33   (69      )%       \n Diluted earnings (loss) per share((2))            $             (1.28         )             $    0.88  (245      )%        $    2.13  (160      )%        $    0.41        $      4.69   (91      )%       \n Adjusted earnings per share((1))                  $             0.84                        $    1.10  (24       )%        $    0.55  53        %         $    1.94        $      1.07   81       %        \n\n ((1))  See the sections titled “Reconciliation to GAAP” and “Non-GAAP Financial        \n        Measures” for reconciliations to the most directly comparable GAAP measures     \n        and other important disclosures.                                                \n ((2))  Calculated using the treasury stock, if-converted, or two-class method, except  \n        when anti-dilutive.                                                             \n\n Balance Sheet Highlights                                                                                                                             \n                                                                                                                                                      \n ($ amounts in millions)((1))                                    June 30,       March 31,      Variance (%)        June 30,       Variance (%)        \n                                                                 2026           2026           Q2'26 vs Q1'26      2025           Q2'26 vs Q2'25      \n Cash and cash equivalents                                       $      85      $      108     (21       )%        $      46      85        %         \n Securitized loans held for investment (HMBS & nonrecourse)             35,973         30,090  20        %                28,747  25        %         \n Total assets                                                           37,317         31,328  19        %                30,147  24        %         \n Total liabilities                                                      36,910         30,890  19        %                29,674  24        %         \n Total equity                                                           407            438     (7        )%               473     (14       )%        \n Tangible equity((2))                                                   246            268     (8        )%               275     (11       )%        \n\n\n\n * As of June 30, 2026, the Company held $85 million in cash and cash\nequivalents, an 85% increase from June 30, 2025, reflecting strong cash\ngeneration from originations and capital markets activities, which provided\nthe majority of the funding to complete the acquisition of the Onity HECM\nservicing portfolio.\n\n * Securitized loans held for investment, total assets, and total liabilities\nincreased by 19% or more over the first quarter following the acquisition of\nthe Onity HECM servicing portfolio on June 30, 2026.\n\n * Total equity of $407 million as of June 30, 2026, with total equity\nattributable to common stock of $297 million as of June 30, 2026, or $33.20\nbook value per common share. Tangible equity((2)) totaled $246 million as of\nJune 30, 2026, or $13.31 per share((2))\n ((1))  Numbers may not foot due to rounding.                                           \n ((2))  See the sections titled “Reconciliation to GAAP” and “Non-GAAP Financial        \n        Measures” for reconciliations to the most directly comparable GAAP measures     \n        and other important disclosures.                                                \n                                                                                        \n (unaudited)                                                                            \n\n\nSegment Results\n\nRetirement Solutions\n\nThe Retirement Solutions segment generates revenue from fees earned at the\ntime of loan origination as well as from the initial estimate of net\norigination gains, with all originated loans accounted for at fair value.\n                                                   Variance (%)                    Variance (%)                                    Variance (%)      \n                                                   Q2'26 vs Q1'26                  Q2'26 vs Q2'25                                  2026 vs           \n \n                         \n           \n                               \n                               \n             \n             \n                 \n \n($ amounts in millions)  \nQ2'26      \nQ1'26                          \nQ2'25                          \nYTD 2026     \nYTD 2025     \n2025             \n Funded volume             $     730   $     596   22        %         $     602   21        %         $      1,326  $      1,163  14       %        \n Total revenue                   74          67    10        %               62    19        %                140           114    23       %        \n Pre-tax income                  10          10    —         %               10    —         %                20            14     43       %        \n Adjusted net income((1))        15          14    7         %               15    —         %                29            24     21       %        \n\n\n\n * For the quarter, funded volume increased 21% to $730 million compared to $602\nmillion in the second quarter of 2025, reflecting growing demand for home\nequity solutions.\n\n * Total revenue for the quarter increased by 19% year over year to $74 million,\nas funded volume increased while revenue margins were relatively stable at\n10.1%.\n\n * Profitability increased significantly as operating leverage improved with\nscale. For the first half of 2026, pre-tax income increased to $20 million\nfrom $14 million in the first half of 2025, a 43% improvement, while adjusted\nnet income((1)) increased to $29 million from $24 million in the first half of\n2025, a 21% improvement, in line with the growth in revenue.\n ((1))  See the sections titled “Reconciliation to GAAP” and “Non-GAAP Financial        \n        Measures” for reconciliations to the most directly comparable GAAP measures     \n        and other important disclosures.                                                \n\n\nPortfolio Management\n\nThe Portfolio Management segment primarily generates revenue in the form of\nnet interest income and fair value changes on our portfolio assets, monetized\nthrough securitization, sale, or other financing of those assets.\n                                                                                 Variance (%)                     Variance (%)                                      Variance (%)      \n ($ amounts in millions)                            Q2'26           Q1'26        Q2'26 vs Q1'26      Q2'25        Q2'26 vs Q2'25      YTD 2026       YTD 2025       2026 vs           \n                                                                                                                                                                    \n                 \n                                                                                                                                                                    \n2025             \n Assets under management                            $   37,042      $    31,052  19        %         $    29,907  24        %         $      37,042  $      29,907  24       %        \n Assets excluding HMBS and nonrecourse obligations      1,683            1,513   11        %              1,838   (8        )%               1,683          1,838   (8       )%       \n Total revenue                                          1                66      (98       )%             130     (99       )%               67             259     (74      )%       \n Pre-tax income (loss)                                  (26     )        36      (172      )%             108     (124      )%               10             213     (95      )%       \n Adjusted net income((1))                               18               28      (36       )%             16      13        %                46             37      24       %        \n\n\n\n * For the quarter, pre-tax loss of $26 million reflects negative non-cash fair\nvalue adjustments on retained interests in securitizations, partially offset\nby higher accreted yield on the Company’s residual interests.\n\n * Year-to-date adjusted net income((1)) increased 24% to $46 million compared to\n$37 million in the first half of 2025, reflecting improved portfolio economics\nand higher accreted yield.\n ((1))  See the sections titled “Reconciliation to GAAP” and “Non-GAAP Financial        \n        Measures” for reconciliations to the most directly comparable GAAP measures     \n        and other important disclosures.                                                \n\n Finance of America Companies Inc.                                                                                                  \n \n                                                                                                                                  \n \nSelected Financial Information                                                                                                    \n \n                                                                                                                                  \n \nCondensed Consolidated Statements of Financial Condition                                                                          \n \n                                                                                                                                  \n \n(in thousands, except share data)                                                                                                 \n \n                                                                                                                                  \n \n(unaudited)                                                                                                                       \n                                                                                                                                    \n                                                                                June 30, 2026             March 31, 2026            \n ASSETS                                                                                                                             \n Cash and cash equivalents                                                      $      85,278             $      107,656            \n Restricted cash                                                                       255,187                   268,950            \n Loans held for investment, subject to HMBS related obligations, at fair value         25,044,536                19,321,265         \n Loans held for investment, subject to nonrecourse debt, at fair value                 10,928,261                10,769,209         \n Loans held for investment, at fair value                                              516,892                   454,245            \n Intangible assets, net                                                                161,020                   170,318            \n Other assets, net (includes $188,635 and $119,654 at fair value)                      325,589                   236,496            \n TOTAL ASSETS                                                                   $      37,316,763         $      31,328,139         \n                                                                                                                                    \n LIABILITIES AND EQUITY                                                                                                             \n HMBS related obligations, at fair value                                        $      24,717,687         $      19,087,650         \n Nonrecourse debt, at fair value                                                       10,641,380                10,450,834         \n Other financing lines of credit                                                       1,054,766                 899,338            \n Notes payable (includes $61,156 and $36,889 at fair value, and includes                                                            \n $87,126 due to a related party as of both June 30, 2026 and March 31, 2026)    \n      \n           \n      \n      \n           \n      \n                                                                                \n      \n347,029    \n      \n      \n317,811    \n      \n Payables and other liabilities (includes $4,221 and $4,524 at fair value)             149,196                   134,392            \n TOTAL LIABILITIES                                                                     36,910,058                30,890,025         \n                                                                                                                                    \n EQUITY                                                                                                                             \n Preferred Stock, $0.0001 par value; 600,000,000 shares authorized; 50,000             —                         —                  \n shares issued and outstanding as of both June 30, 2026 and March 31, 2026                                                          \n Class A Common Stock, $0.0001 par value; 6,000,000,000 shares authorized;                                                          \n 9,362,420 and 8,977,781 shares issued, and 8,936,570 and 8,551,931 shares      \n      \n           \n      \n      \n           \n      \n outstanding                                                                    \n      \n1          \n      \n      \n1          \n      \n Class B Common Stock, $0.0001 par value; 1,000,000 shares authorized; 12              —                         —                  \n shares issued and outstanding as of both June 30, 2026 and March 31, 2026                                                          \n Additional paid-in capital                                                            981,042                   984,134            \n Accumulated deficit                                                                   (634,101    )             (636,153    )      \n Accumulated other comprehensive loss                                                  (285        )             (285        )      \n Noncontrolling interest                                                               60,048                    90,417             \n TOTAL EQUITY                                                                          406,705                   438,114            \n TOTAL LIABILITIES AND EQUITY                                                   $      37,316,763         $      31,328,139         \n\n Finance of America Companies Inc.                                                                                                                                         \n \n                                                                                                                                                                         \n \nSelected Financial Information                                                                                                                                           \n \n                                                                                                                                                                         \n \nCondensed Consolidated Statements of Operations                                                                                                                          \n \n                                                                                                                                                                         \n \n(in thousands, except share data)                                                                                                                                        \n \n                                                                                                                                                                         \n \n(unaudited)                                                                                                                                                              \n                                                                                                                                                                           \n                                                                   Q2'26               Q1'26               Q2'25               YTD 2026              YTD 2025              \n PORTFOLIO INTEREST INCOME                                                                                                                                                 \n Interest income                                                   $   490,075         $   467,603         $   481,800         $    957,678          $    962,402          \n Interest expense                                                      (435,160    )       (401,333    )       (422,336    )        (836,493    )         (832,503    )    \n NET PORTFOLIO INTEREST INCOME                                         54,915              66,270              59,464               121,185               129,899          \n                                                                                                                                                                           \n OTHER INCOME (EXPENSE)                                                                                                                                                    \n Net origination gains                                                 66,576              60,887              56,058               127,463               102,096          \n Gains on securitization of HECM tails, net                            13,620              11,667              10,855               25,287                21,336           \n Fair value changes from model amortization                            (36,199     )       (32,020     )       (35,456     )        (68,219     )         (76,412     )    \n Fair value changes from market inputs or model assumptions            (31,543     )       19,924              94,939               (11,619     )         183,202          \n Net fair value changes on loans and related obligations               12,454              60,458              126,396              72,912                230,222          \n Fee income                                                            7,454               6,112               6,739                13,566                13,085           \n Non-funding interest expense, net                                     (12,342     )       (12,698     )       (15,223     )        (25,040     )         (30,135     )    \n NET OTHER INCOME (EXPENSE)                                            7,566               53,872              117,912              61,438                213,172          \n                                                                                                                                                                           \n TOTAL REVENUES                                                        62,481              120,142             177,376              182,623               343,071          \n                                                                                                                                                                           \n EXPENSES                                                                                                                                                                  \n Salaries, benefits, and related expenses                              42,267              42,604              36,974               84,871                70,904           \n Loan production and portfolio related expenses                        15,034              17,666              9,462                32,700                20,792           \n Loan servicing expenses                                               7,743               7,446               7,525                15,189                15,266           \n Marketing and advertising expenses                                    17,214              13,339              12,265               30,553                22,996           \n Amortization and depreciation                                         9,929               9,852               9,654                19,781                19,312           \n General and administrative expenses                                   13,902              14,459              13,180               28,361                26,159           \n TOTAL EXPENSES                                                        106,089             105,366             89,060               211,455               175,429          \n OTHER, NET                                                            (27,448     )       21,481              (6,361      )        (5,967      )         (3,994      )    \n NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES      (71,056     )       36,257              81,955               (34,799     )         163,648          \n Provision (benefit) for income taxes from continuing operations       (42,204     )       1,093               2,132                (41,111     )         4,075            \n NET INCOME (LOSS) FROM CONTINUING OPERATIONS                          (28,852     )       35,164              79,823               6,312                 159,573          \n NET LOSS FROM DISCONTINUED OPERATIONS                                 —                   —                   —                    —                     (4,750      )    \n NET INCOME (LOSS)                                                     (28,852     )       35,164              79,823               6,312                 154,823          \n Noncontrolling interest                                               (30,904     )       17,657              44,900               (13,247     )         89,691           \n NET INCOME ATTRIBUTABLE TO CONTROLLING INTEREST                       2,052               17,507              34,923               19,559                65,132           \n Preferred Stock dividends                                             1,125               1,125               —                    2,250                 —                \n NET INCOME ATTRIBUTABLE TO HOLDERS OF CLASS A COMMON STOCK        $   927             $   16,382          $   34,923          $    17,309           $    65,132           \n                                                                                                                                                                           \n EARNINGS PER SHARE                                                                                                                                                        \n Basic weighted average shares outstanding                             8,911,666           8,500,966           11,041,337           8,707,450             10,611,689       \n Basic earnings per share from continuing operations               $   0.10            $   1.93            $   3.16            $    1.99             $    6.33             \n Basic earnings per share                                          $   0.10            $   1.93            $   3.16            $    1.99             $    6.14             \n Diluted weighted average shares outstanding                           17,000,600          19,237,695          30,137,247           22,499,174            30,152,054       \n Diluted earnings (loss) per share from continuing operations      $   (1.28       )   $   0.88            $   2.13            $    0.41             $    4.69             \n Diluted earnings (loss) per share                                 $   (1.28       )   $   0.88            $   2.13            $    0.41             $    4.56             \n\n (unaudited)                                                                                                                                                                                     \n Reconciliation to GAAP                                                                                                                                                                          \n                                                                                                                                                                                                 \n ($ amounts in millions)((1))                                                    Q2'26                       Q1'26               Q2'25               YTD 2026              YTD 2025              \n Reconciliation of net income (loss) from continuing operations to adjusted net                                                                                                                  \n income and adjusted EBITDA                                                                                                                                                                      \n Net income (loss) from continuing operations                                    $       (29         )       $   35              $   80              $    6                $    160              \n Add back: (Provision) benefit for income taxes                                          42                      (1          )       (2          )        41                    (4          )    \n Net income (loss) from continuing operations before taxes                               (71         )           36                  82                   (35         )         164              \n Adjustments for:                                                                                                                                                                                \n Changes in fair value((2))                                                              84                      (15         )       (76         )        69                    (151        )    \n Amortization of intangible assets                                                       9                       9                   9                    19                    19               \n Equity-based compensation((3))                                                          3                       3                   3                    7                     5                \n Certain non-recurring costs((4))                                                        1                       1                   1                    2                     1                \n Adjusted net income before income taxes                                                 26                      35                  19                   62                    37               \n Provision for income taxes((5))                                                         (7          )           (9          )       (5          )        (16         )         (10         )    \n Adjusted net income                                                                     19                      26                  14                   45                    27               \n Provision for income taxes((5))                                                         7                       9                   5                    16                    10               \n Depreciation                                                                            1                       1                   —                    1                     1                \n Interest expense on non-funding debt                                                    8                       8                   11                   16                    22               \n Adjusted EBITDA                                                                 $       35                  $   44              $   30              $    79               $    59               \n                                                                                                                                                                                                 \n ($ amounts in millions except shares and $ per share)                           Q2'26                       Q1'26               Q2'25               YTD 2026              YTD 2025              \n GAAP PER SHARE MEASURES                                                                                                                                                                         \n Net income from continuing operations attributable to holders of Class A        $       1                   $   16              $   35              $    17               $    67               \n Common Stock                                                                                                                                                                                    \n Weighted average outstanding share count                                                8,911,666               8,500,966           11,041,337           8,707,450             10,611,689       \n Basic earnings per share from continuing operations                             $       0.10                $   1.93            $   3.16            $    1.99             $    6.33             \n If-converted method net income (loss) from continuing operations                $       (22         )       $   17              $   64              $    9                $    141              \n Weighted average diluted share count                                                    17,000,600              19,237,695          30,137,247           22,499,174            30,152,054       \n Diluted earnings (loss) per share from continuing operations((6))               $       (1.28       )       $   0.88            $   2.13            $    0.41             $    4.69             \n                                                                                                                                                                                                 \n NON-GAAP PER SHARE MEASURES                                                                                                                                                                     \n Adjusted net income                                                             $       19                  $   26              $   14              $    45               $    27               \n Exchangeable secured notes interest expense((7))                                        3                       3                   3                    5                     5                \n Total                                                                           $       22                  $   29              $   17              $    51               $    32               \n Weighted average share count                                                            26,294,139              26,004,194          30,137,247           26,149,967            30,152,054       \n Adjusted earnings per share                                                     $       0.84                $   1.10            $   0.55            $    1.94             $    1.07             \n\n (unaudited)                                                                                                                 \n                                                                                                                             \n ($ amounts in millions except shares and $ per share)((1))  June 30, 2026        March 31, 2026        June 30, 2025        \n GAAP Book Value Per Common Share                                                                                            \n Total equity                                                $        407         $         438         $        473         \n Less: Preferred Stock                                                50                    50                   —           \n Less: Noncontrolling interest                                        60                    90                   148         \n Total equity attributable to common stock                   $        297         $         298         $        325         \n Class A Common Stock outstanding                                     8,936,570             8,551,931            11,076,638  \n Book value per common share                                 $        33.20       $         34.81       $        29.36       \n                                                                                                                             \n Non-GAAP Tangible Equity Per Share                                                                                          \n Total equity                                                $        407         $         438         $        473         \n Less: Intangible assets, net                                         161                   170                  198         \n Tangible equity                                             $        246         $         268         $        275         \n Class A Common Stock outstanding                                     8,936,570             8,551,931            11,076,638  \n Class A LLC Units (if-converted to Class A Common Stock)             8,088,934             8,088,934            13,219,354  \n Preferred Stock (if-converted to Class A Common Stock)               1,428,571             1,428,571            —           \n Adjusted Class A Common Stock outstanding                            18,454,075            18,069,436           24,295,992  \n Tangible equity per share                                   $        13.31       $         14.82       $        11.33       \n\n ((1))  Totals may not foot due to rounding.                                             \n ((2))  Changes in fair value include changes in fair value of loans, retained bonds,    \n        and related obligations due to market inputs or model assumptions, deferred      \n        purchase price liabilities, and convertible notes, and amortization of the       \n        discount on senior notes resulting from the fair value measurement at            \n        issuance.                                                                        \n ((3))  Includes all equity-based compensation.                                          \n ((4))  Reflects certain non-recurring costs and adjustments that management believes    \n        should be excluded as these do not relate to a recurring part of the core        \n        business operations. These items include amounts recognized for settlement of    \n        legal and regulatory matters, acquisition or divestiture-related expenses, and   \n        other one-time charges.                                                          \n ((5))  Income tax provision adjustments to apply an effective combined federal and      \n        state corporate tax rate to adjusted net income before taxes.                    \n ((6))  Calculated using the treasury stock, if-converted, or two-class method, except   \n        when anti-dilutive.                                                              \n ((7))  Represents interest expense on our exchangeable secured notes, excluding the     \n        amortization of the discount on the exchangeable secured notes. The adjustment   \n        is presented net of the related income tax benefit, calculated using our         \n        effective combined federal and state corporate tax rate, if dilutive for         \n        adjusted earnings per share.                                                     \n\n (unaudited)                                                                                                                                                                 \n Adjusted Net Income (Loss) by Segment (Continuing Operations)                                                                                                               \n                                                                                                                                                                             \n For the three months ended June 30, 2026                                                                                                                                    \n ($ amounts in millions except shares and $ per share)((1))  Retirement Solutions          Portfolio Management          Corporate & Other               FOA                 \n Pre-tax income (loss)                                       $        10                   $        (26         )        $         (55         )         $   (71         )   \n Adjustments for:                                                                                                                                                            \n Changes in fair value((2))                                           —                             50                             34                        84              \n Amortization of intangible assets                                    9                             —                              —                         9               \n Equity-based compensation((3))                                       —                             —                              3                         3               \n Certain non-recurring costs((4))                                     —                             —                              —                         1               \n Adjusted net income (loss) before taxes                     $        20                   $        24                   $         (18         )         $   26              \n Benefit (provision) for income taxes((5))                            (5          )                 (6          )                  5                         (7          )   \n Adjusted net income (loss)                                  $        15                   $        18                   $         (13         )         $   19              \n Exchangeable secured notes interest expense((6))                     —                             —                              3                         3               \n Total                                                       $        15                   $        18                   $         (10         )         $   22              \n Weighted average share count                                         26,294,139                    26,294,139                     26,294,139                26,294,139      \n Adjusted earnings (loss) per share                          $        0.56                 $        0.68                 $         (0.39       )         $   0.84            \n\n For the three months ended March 31, 2026                                                                                                                                   \n ($ amounts in millions except shares and $ per share)((1))  Retirement Solutions          Portfolio Management          Corporate & Other               FOA                 \n Pre-tax income (loss)                                       $        10                   $        36                   $         (10         )         $   36              \n Adjustments for:                                                                                                                                                            \n Changes in fair value((2))                                           —                             2                              (17         )             (15         )   \n Amortization of intangible assets                                    9                             —                              —                         9               \n Equity-based compensation((3))                                       —                             —                              3                         3               \n Certain non-recurring costs((4))                                     —                             —                              1                         1               \n Adjusted net income (loss) before taxes                     $        20                   $        39                   $         (23         )         $   35              \n Benefit (provision) for income taxes((5))                            (5          )                 (10         )                  6                         (9          )   \n Adjusted net income (loss)                                  $        14                   $        28                   $         (17         )         $   26              \n Exchangeable secured notes interest expense((6))                     —                             —                              3                         3               \n Total                                                       $        14                   $        28                   $         (14         )         $   29              \n Weighted average share count                                         26,004,194                    26,004,194                     26,004,194                26,004,194      \n Adjusted earnings (loss) per share                          $        0.56                 $        1.09                 $         (0.55       )         $   1.10            \n\n (unaudited)                                                                                                                                                                 \n                                                                                                                                                                             \n For the three months ended June 30, 2025                                                                                                                                    \n ($ amounts in millions except shares and $ per share)((1))  Retirement Solutions          Portfolio Management          Corporate & Other               FOA                 \n Pre-tax income (loss)                                       $        10                   $        108                  $         (37         )         $   82              \n Adjustments for:                                                                                                                                                            \n Changes in fair value((2))                                           —                             (86         )                  11                        (76         )   \n Amortization of intangible assets                                    9                             —                              —                         9               \n Equity-based compensation((3))                                       —                             —                              2                         3               \n Certain non-recurring costs((4))                                     —                             —                              1                         1               \n Adjusted net income (loss) before taxes                     $        20                   $        22                   $         (23         )         $   19              \n Benefit (provision) for income taxes((5))                            (5          )                 (6          )                  6                         (5          )   \n Adjusted net income (loss)                                  $        15                   $        16                   $         (17         )         $   14              \n Exchangeable secured notes interest expense((6))                     —                             —                              3                         3               \n Total                                                       $        15                   $        16                   $         (14         )         $   17              \n Weighted average share count                                         30,137,247                    30,137,247                     30,137,247                30,137,247      \n Adjusted earnings (loss) per share                          $        0.49                 $        0.54                 $         (0.47       )         $   0.55            \n\n For the six months ended June 30, 2026                                                                                                                                      \n ($ amounts in millions except shares and $ per share)((1))  Retirement Solutions          Portfolio Management          Corporate & Other                                   \n                                                                                                                                                         \n                   \n                                                                                                                                                         \nFOA                \n Pre-tax income (loss)                                       $        20                   $        10                   $         (65         )         $   (35         )   \n Adjustments for:                                                                                                                                                            \n Changes in fair value((2))                                           —                             52                             17                        69              \n Amortization of intangible assets                                    19                            —                              —                         19              \n Equity-based compensation((3))                                       —                             —                              6                         7               \n Certain non-recurring costs((4))                                     —                             —                              1                         2               \n Adjusted net income (loss) before taxes                     $        40                   $        63                   $         (41         )         $   62              \n Benefit (provision) for income taxes((5))                            (10         )                 (16         )                  11                        (16         )   \n Adjusted net income (loss)                                  $        29                   $        46                   $         (30         )         $   45              \n Exchangeable secured notes interest expense((6))                     —                             —                              5                         5               \n Total                                                       $        29                   $        46                   $         (25         )         $   51              \n Weighted average share count                                         26,149,967                    26,149,967                     26,149,967                26,149,967      \n Adjusted earnings (loss) per share                          $        1.12                 $        1.77                 $         (0.94       )         $   1.94            \n\n (unaudited)                                                                                                                                                                 \n                                                                                                                                                                             \n For the six months ended June 30, 2025                                                                                                                                      \n ($ amounts in millions except shares and $ per share)((1))  Retirement Solutions          Portfolio Management          Corporate & Other                                   \n                                                                                                                                                         \n                   \n                                                                                                                                                         \nFOA                \n Pre-tax income (loss)                                       $        14                   $        213                  $         (63         )         $   164             \n Adjustments for:                                                                                                                                                            \n Changes in fair value((2))                                           —                             (164        )                  13                        (151        )   \n Amortization of intangible assets                                    19                            —                              —                         19              \n Equity-based compensation((3))                                       —                             —                              4                         5               \n Certain non-recurring costs((4))                                     —                             —                              1                         1               \n Adjusted net income (loss) before taxes                     $        33                   $        50                   $         (46         )         $   37              \n Benefit (provision) for income taxes((5))                            (9          )                 (13         )                  12                        (10         )   \n Adjusted net income (loss)                                  $        24                   $        37                   $         (34         )         $   27              \n Exchangeable secured notes interest expense((6))                     —                             —                              5                         5               \n Total                                                       $        24                   $        37                   $         (29         )         $   32              \n Weighted average share count                                         30,152,054                    30,152,054                     30,152,054                30,152,054      \n Adjusted earnings (loss) per share                          $        0.80                 $        1.21                 $         (0.95       )         $   1.07            \n\n ((1))  Totals may not foot due to rounding.                                             \n ((2))  Changes in fair value include changes in fair value of loans, retained bonds,    \n        and related obligations due to market inputs or model assumptions, deferred      \n        purchase price liabilities, and convertible notes, and amortization of the       \n        discount on senior notes resulting from the fair value measurement at            \n        issuance.                                                                        \n ((3))  Includes all equity-based compensation.                                          \n ((4))  Reflects certain non-recurring costs and adjustments that management believes    \n        should be excluded as these do not relate to a recurring part of the core        \n        business operations. These items include amounts recognized for settlement of    \n        legal and regulatory matters, acquisition or divestiture-related expenses, and   \n        other one-time charges.                                                          \n ((5))  Income tax benefit (provision) adjustments to apply an effective combined        \n        federal and state corporate tax rate to adjusted net income (loss) before        \n        taxes.                                                                           \n ((6))  Represents interest expense on our exchangeable secured notes, excluding the     \n        amortization of the discount on the exchangeable secured notes. The adjustment   \n        is presented net of the related income tax benefit, calculated using our         \n        effective combined federal and state corporate tax rate, if dilutive for         \n        adjusted earnings (loss) per share.                                              \n\n\nWebcast and Conference Call\n\nManagement will host a webcast and conference call on Tuesday, August 4, 2026\nat 5:00 pm Eastern Time to discuss the Company’s results for the second\nquarter ended June 30, 2026. A copy of this press release and an accompanying\ninvestor presentation will be posted prior to the call under the\n“Investors” section on Finance of America’s investor-oriented website at\nhttps://ir.financeofamericacompanies.com/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.financeofamericacompanies.com%2F&esheet=54583402&newsitemid=20260804478740&lan=en-US&anchor=https%3A%2F%2Fir.financeofamericacompanies.com%2F&index=1&md5=9be1f62ed267e71804eb0fe5287ab85c)\n.\n\nTo listen to the audio webcast of the conference call, please visit the\n“Investors” section of the Company’s investor-oriented website at\nhttps://ir.financeofamericacompanies.com/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.financeofamericacompanies.com%2F&esheet=54583402&newsitemid=20260804478740&lan=en-US&anchor=https%3A%2F%2Fir.financeofamericacompanies.com%2F&index=2&md5=a4929903c61e22d88aab551c84220016)\n. The conference call can also be accessed by dialing the following:\n\n\n * 1-833-461-5787 (North America)\n\n * 1-585-542-9983 (International)\n\n * Meeting ID: 811219301\n\nReplay\n\nA replay of the webcast will be available on the Company’s investor-oriented\nwebsite approximately two hours after the conclusion of the conference call\nand will remain available on the “Investors” section of the Company’s\nwebsite at https://ir.financeofamericacompanies.com/\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.financeofamericacompanies.com%2F&esheet=54583402&newsitemid=20260804478740&lan=en-US&anchor=https%3A%2F%2Fir.financeofamericacompanies.com%2F&index=3&md5=c0b56a8848b7b493169f1bf25385b4d8)\n.\n\nAbout Finance of America\n\nFinance of America (NYSE: FOA) is a leading provider of home equity-based\nfinancing solutions for a modern retirement. In addition, Finance of America\noffers capital markets and portfolio management capabilities primarily to\noptimize the distribution of its originated loans to investors. Finance of\nAmerica is headquartered in Plano, Texas. For more information, please visit\nFinance of America’s investor-oriented website at\nwww.financeofamericacompanies.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.financeofamericacompanies.com%2F&esheet=54583402&newsitemid=20260804478740&lan=en-US&anchor=www.financeofamericacompanies.com&index=4&md5=7e4414187c880228cab1867635f2fb47)\nand Finance of America’s consumer-oriented website at\nwww.financeofamerica.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.financeofamerica.com%2F&esheet=54583402&newsitemid=20260804478740&lan=en-US&anchor=www.financeofamerica.com&index=5&md5=8790376974d0c2fc1215832449152659)\n.\n\nForward-Looking Statements\n\nThis release contains forward-looking statements within the meaning of the\n“safe harbor” provisions of the United States of America (“U.S.”)\nPrivate Securities Litigation Reform Act of 1995. Forward-looking statements\nare not historical facts or statements of current conditions, but instead\nrepresent only the Company’s beliefs regarding future events, many of which,\nby their nature, are inherently uncertain and outside of the control of the\nCompany. These statements include, but are not limited to, statements related\nto our expectations regarding the performance of our business, our financial\nresults, our liquidity and capital resources, and other non-historical\nstatements. In some cases, you can identify these forward-looking statements\nby the use of words such as “outlook,” “believes,” “expects,”\n“potential,” “continues,” “may,” “will,” “should,”\n“could,” “seeks,” “projects,” “predicts,” “intends,”\n“plans,” “estimates,” “budgets,” “forecasts,”\n“anticipates,” or the negative version of these words or other comparable\nwords. Such forward-looking statements are subject to various risks and\nuncertainties that could cause actual outcomes or results to differ materially\nfrom those indicated in these statements, including those risks referenced\nbelow. Given the significant uncertainties inherent in the forward-looking\nstatements included herein, the inclusion of such information should not be\nregarded as a representation by us or any other person that the results or\nconditions described in such statements or our objectives and plans will be\nachieved. The Company cautions readers not to place undue reliance upon any\nforward-looking statements, which are current only as of the date of this\nrelease. Results for any specified quarter are not necessarily indicative of\nthe results that may be expected for the full year or any future period. The\nCompany does not undertake or accept any obligation or undertaking to release\npublicly any updates or revisions to any forward-looking statements to reflect\nany change in its expectations or any change in events, conditions, or\ncircumstances on which any such statement is based, except as required by law.\nAll subsequent written and oral forward-looking statements concerning the\nCompany or other matters and attributable to the Company or any person acting\non its behalf are expressly qualified in their entirety by the cautionary\nstatements above. A number of important factors exist that could cause future\nresults to differ materially from historical performance and these\nforward-looking statements. Factors that might cause such a difference\ninclude, but are not limited to, those factors indicated in the Company’s\nfilings with the U.S. Securities and Exchange Commission (the “SEC”).\n\nAll of these factors are difficult to predict, contain uncertainties that may\nmaterially affect actual results, and may be beyond our control. New factors\nemerge from time to time, and it is not possible for our management to predict\nall such factors or to assess the effect of each such new factor on our\nbusiness. Although we believe that the assumptions underlying the\nforward-looking statements contained herein are reasonable, any of the\nassumptions could be inaccurate, and any of these statements included herein\nmay prove to be inaccurate. Please refer to “Risk Factors” included in our\nAnnual Report on Form 10-K for the year ended December 31, 2025, filed with\nthe SEC on March 13, 2026, for further information on risk factors affecting\nus, as such factors may be amended and updated from time to time in the\nCompany’s subsequent periodic filings with the SEC, which are or will be\naccessible on the SEC’s website at www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov%2F&esheet=54583402&newsitemid=20260804478740&lan=en-US&anchor=www.sec.gov&index=6&md5=88242208fa49fbc7782bd6e08bb8d959)\n.\n\nNon-GAAP Financial Measures\n\nThe Company’s management evaluates performance of the Company through the\nuse of certain financial measures that are not prepared in accordance with\nU.S. generally accepted accounting principles (“GAAP”), including adjusted\nnet income (loss), adjusted earnings before interest, taxes, depreciation, and\namortization (“EBITDA”), adjusted earnings (loss) per share, tangible\nequity, and tangible equity per share.\n\nThe presentation of non-GAAP measures is used to enhance investors’\nunderstanding of certain aspects of our financial performance. This discussion\nis not meant to be considered in isolation, superior to, or as a substitute\nfor the directly comparable financial measures prepared in accordance with\nU.S. GAAP. Management believes these key financial measures provide an\nadditional view of our performance over the long-term and provide useful\ninformation that we use in order to maintain and grow our business.\n\nThese non-GAAP financial measures should not be considered as an alternative\nto net income (loss), operating cash flows, or any other performance measures\ndetermined in accordance with U.S. GAAP. Adjusted net income (loss), adjusted\nEBITDA, adjusted earnings (loss) per share, tangible equity, and tangible\nequity per share have important limitations as analytical tools and should not\nbe considered in isolation or as a substitute for analysis of our results as\nreported under U.S. GAAP. Some of the limitations of these metrics are: (i)\ncash expenditures for future contractual commitments; (ii) cash requirements\nfor working capital needs; (iii) cash requirements for certain tax payments;\nand (iv) all non-cash income/expense items.\n\nBecause of these limitations, adjusted net income (loss), adjusted EBITDA,\nadjusted earnings (loss) per share, tangible equity, and tangible equity per\nshare should not be considered as measures of discretionary cash available to\nus to invest in the growth of our business or distribute to shareholders. We\ncompensate for these limitations by relying primarily on our U.S. GAAP results\nand using our non-GAAP financial measures only as a supplement. Users of our\ncondensed consolidated financial statements are cautioned not to place undue\nreliance on our non-GAAP financial measures.\n\nAdjusted Net Income (Loss)\n\nWe define adjusted net income (loss) as net income (loss) from continuing\noperations adjusted for:\n\n\n 1. Income taxes\n\n 2. Changes in fair value of loans, retained bonds, and related obligations due to\nmarket inputs or model assumptions, deferred purchase price liabilities, and\nconvertible notes, and amortization of the discount on senior notes resulting\nfrom the fair value measurement at issuance.\n\n 3. Amortization of intangible assets.\n\n 4. Equity-based compensation.\n\n 5. Certain non-recurring costs and adjustments that management believes should be\nexcluded as these do not relate to a recurring part of the core business\noperations. These items include amounts recognized for settlement of legal and\nregulatory matters, acquisition or divestiture-related expenses, and other\none-time charges.\n\n 6. Income tax provision or benefit adjustments to apply an effective combined\nfederal and state corporate tax rate to adjusted net income (loss) before\nincome taxes.\n\nManagement considers adjusted net income (loss) important in evaluating our\nCompany as a whole. This supplemental metric is utilized by our management\nteam to assess the underlying key drivers and operational performance of the\ncontinuing operations of the business. In addition, analysts, investors, and\ncreditors may use this measure when analyzing our operating performance and\ncomparability to peers. Adjusted net income (loss) is not a presentation made\nin accordance with U.S. GAAP, and our definition and use of this measure may\nvary from other companies in our industry.\n\nAdjusted net income (loss) provides visibility to the underlying operating\nperformance by excluding the impact of certain items that management does not\nbelieve are representative of our core earnings. Adjusted net income (loss)\nmay also include other adjustments, as applicable, based upon facts and\ncircumstances, consistent with our intent of providing a supplemental means of\nevaluating our operating performance.\n\nAdjusted EBITDA\n\nWe define adjusted EBITDA as net income (loss) from continuing operations\nadjusted for:\n\n\n 1. Income taxes\n\n 2. Changes in fair value of loans, retained bonds, and related obligations due to\nmarket inputs or model assumptions, deferred purchase price liabilities, and\nconvertible notes, and amortization of the discount on senior notes resulting\nfrom the fair value measurement at issuance.\n\n 3. Amortization of intangible assets.\n\n 4. Equity-based compensation.\n\n 5. Certain non-recurring costs and adjustments that management believes should be\nexcluded as these do not relate to a recurring part of the core business\noperations. These items include amounts recognized for settlement of legal and\nregulatory matters, acquisition or divestiture-related expenses, and other\none-time charges.\n\n 6. Depreciation\n\n 7. Interest expense on non-funding debt, excluding amortization of the discount\non senior notes resulting from the fair value measurement at issuance.\n\nManagement considers adjusted EBITDA important in evaluating the Company as a\nwhole. This supplemental metric is utilized by our management team to assess\nthe underlying key drivers and operational performance of the continuing\noperations of the business. In addition, analysts, investors, and creditors\nmay use this measure when analyzing our operating performance and\ncomparability to peers. Adjusted EBITDA is not a presentation made in\naccordance with U.S. GAAP, and our definition and use of this measure may vary\nfrom other companies in our industry.\n\nAdjusted EBITDA provides visibility to the underlying operating performance by\nexcluding the impact of certain items that management does not believe are\nrepresentative of our core earnings. Adjusted EBITDA may also include other\nadjustments, as applicable, based upon facts and circumstances, consistent\nwith our intent of providing a supplemental means of evaluating our operating\nperformance.\n\nAdjusted Earnings (Loss) Per Share\n\nWe define adjusted earnings (loss) per share as adjusted net income (loss)\n(defined above) plus interest expense on the exchangeable secured notes, net\nof a tax effect, if dilutive for adjusted earnings (loss) per share, divided\nby the weighted average shares outstanding, which includes outstanding Class A\nCommon Stock plus the Class A LLC Units of Finance of America Equity Capital\nLLC owned by the noncontrolling interest on an if-converted basis, the\nexchange of the exchangeable secured notes on an if-converted basis if they\nare dilutive for adjusted earnings (loss) per share, the conversion of the\nconvertible notes on an if-converted basis, the conversion of the preferred\nstock on an if-converted basis, and any shares under the treasury stock\nmethod.\n\nManagement considers adjusted earnings (loss) per share important in\nevaluating the Company as a whole. This supplemental metric is utilized by our\nmanagement team to assess the underlying key drivers and operational\nperformance of the continuing operations of the business. In addition,\nanalysts, investors, and creditors may use this measure when analyzing our\noperating performance and comparability to peers. Adjusted earnings (loss) per\nshare is not a presentation made in accordance with U.S. GAAP, and our\ndefinition and use of this measure may vary from other companies in our\nindustry.\n\nA reconciliation of our forward-looking adjusted earnings per share outlook to\nU.S. GAAP earnings per share cannot be provided without unreasonable effort\nbecause of the inherent difficulty of accurately forecasting the occurrence\nand financial impact of the various adjusted items necessary for such\nreconciliation that have not yet occurred, are out of our control, or cannot\nbe reasonably predicted. For the same reasons, the company is unable to assess\nthe probable significance of the unavailable information, which could have a\nmaterial impact on its future U.S. GAAP financial results.\n\nTangible Equity\n\nWe define tangible equity as total equity less intangible assets, net.\nManagement uses this metric to evaluate the Company’s capital strength\nexclusive of intangible assets. We believe this measure is useful to analysts,\ninvestors, and creditors as it provides additional insight into the underlying\nequity position of the business. Tangible equity is not a presentation made in\naccordance with U.S. GAAP, and our definition and use of this measure may vary\nfrom other companies in our industry.\n\nTangible equity provides visibility to the underlying capital position by\nexcluding the impact of certain items that management does not believe are\nrepresentative of our core equity base. Tangible equity may also include other\nadjustments, as applicable, based upon facts and circumstances, consistent\nwith our intent of providing a supplemental means of evaluating our financial\nstrength.\n\nTangible Equity Per Share\n\nWe define tangible equity per share as tangible equity (defined above) divided\nby the adjusted Class A Common Stock outstanding, which is equal to the sum of\nshares of Class A Common Stock outstanding at quarter end, Class A LLC Units\nif-converted to Class A Common Stock at quarter end, and Preferred Stock\nif-converted to Class A Common Stock at quarter end. Management uses this\nmetric to evaluate the Company’s total capital strength exclusive of\nintangible assets. We believe this measure is useful to analysts, investors,\nand creditors as it provides additional insight into the underlying equity\nposition of the business. Tangible equity per share is not a presentation made\nin accordance with U.S. GAAP, and our definition and use of this measure may\nvary from other companies in our industry.\n\nTangible equity per share provides visibility to the total underlying capital\nposition by excluding the impact of certain items that management does not\nbelieve are representative of our core equity base. Tangible equity per share\nmay also include other adjustments, as applicable, based upon facts and\ncircumstances, consistent with our intent of providing a supplemental means of\nevaluating our financial strength.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260804478740/en/\n(https://www.businesswire.com/news/home/20260804478740/en/)\n\nFor Finance of America Media Relations: pr@financeofamerica.com \n(mailto:pr@financeofamerica.com) \nFor Finance of America Investor Relations: ir@financeofamerica.com\n(mailto:ir@financeofamerica.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-08-04T20:05:01.212112946Z","server_sent_at_ms":1785873901212},"received_at":"2026-08-04T20:05:01.279Z","source_url":"https://www.businesswire.com/news/home/20260804478740/en/"},"analysis":{"id":"97536","press_release_id":"108530","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":["Total revenue decreased 65% year-over-year despite 21% increase in funded volume","GAAP diluted loss per share of $1.28 vs positive adjusted EPS of $0.84 indicates significant non-cash adjustments impacting net income"],"eventType":"earnings","narrative":"Finance of America reported second quarter 2026 funded volume of $730 million, up 21% year-over-year, driving a 53% improvement in adjusted earnings per share to $0.84.\n\nDespite the growth in originations, GAAP total revenue fell 65% to $62 million and the company reported a diluted loss per share of $1.28, largely attributed to non-cash fair value adjustments.\n\nThe balance sheet strengthened following the June acquisition of the Onity HECM servicing portfolio, with total equity reaching $407 million and cash increasing 85% year-over-year to $85 million.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Strong volume and adjusted EPS growth masked by steep GAAP revenue decline and fair value driven losses."},"keyFigures":{"eps":0.1,"revenue":62000000,"revenueYoy":"-65%","customDimensions":{"adjusted_eps":0.84,"funded_volume":730000000,"adjusted_ebitda":35000000,"funded_volume_yoy":"21%","adjusted_net_income":19000000,"book_value_per_share":33.2,"tangible_equity_per_share":13.31}},"quotedText":"The second quarter of 2026 reinforced what we've been communicating over the past several quarters: that the operational improvements and investments we have made are now translating into a stronger, more scalable business.","namedEntities":{"people":[{"name":"Graham A. Fleming","role":"Chief Executive Officer"}],"products":["home equity-based financing solutions","HECM servicing portfolio"],"companies":[{"name":"Finance of America Companies Inc.","ticker":"FOA"},{"name":"Onity HECM","relationship":"acquired target"}],"dollarAmounts":[{"amount":"$730 million","context":"Q2 funded volume"},{"amount":"$1 million","context":"Q2 net income attributable to Class A Common Stock"},{"amount":"$29 million","context":"Q2 net loss"},{"amount":"$19 million","context":"Q2 adjusted net income"},{"amount":"$35 million","context":"Q2 Adjusted EBITDA"},{"amount":"$62 million","context":"Q2 total revenues"},{"amount":"$407 million","context":"Total equity as of June 30, 2026"},{"amount":"$85 million","context":"Cash and cash equivalents as of June 30, 2026"}]},"materialImpact":{"score":4,"reasoning":"Operational metrics showed strong growth with funded volume up 21% YoY and adjusted EPS up 53%, but GAAP results were negative with a 65% drop in total revenue and a diluted loss per share due to fair value adjustments."},"tickerRelevance":{"others":[],"primary":"FOA"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":["m_and_a"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"operational_growth_vs_gaap_decline","sectorWeight":"financials"}},"event_type":"earnings","event_type_secondary":["m_and_a"],"sentiment":"mixed","material_impact_score":4,"narrative":"Finance of America reported second quarter 2026 funded volume of $730 million, up 21% year-over-year, driving a 53% improvement in adjusted earnings per share to $0.84.\n\nDespite the growth in originations, GAAP total revenue fell 65% to $62 million and the company reported a diluted loss per share of $1.28, largely attributed to non-cash fair value adjustments.\n\nThe balance sheet strengthened following the June acquisition of the Onity HECM servicing portfolio, with total equity reaching $407 million and cash increasing 85% year-over-year to $85 million.","key_figures":{"eps":0.1,"revenue":62000000,"revenueYoy":"-65%","customDimensions":{"adjusted_eps":0.84,"funded_volume":730000000,"adjusted_ebitda":35000000,"funded_volume_yoy":"21%","adjusted_net_income":19000000,"book_value_per_share":33.2,"tangible_equity_per_share":13.31}},"named_entities":{"people":[{"name":"Graham A. Fleming","role":"Chief Executive Officer"}],"products":["home equity-based financing solutions","HECM servicing portfolio"],"companies":[{"name":"Finance of America Companies Inc.","ticker":"FOA"},{"name":"Onity HECM","relationship":"acquired target"}],"dollarAmounts":[{"amount":"$730 million","context":"Q2 funded volume"},{"amount":"$1 million","context":"Q2 net income attributable to Class A Common Stock"},{"amount":"$29 million","context":"Q2 net loss"},{"amount":"$19 million","context":"Q2 adjusted net income"},{"amount":"$35 million","context":"Q2 Adjusted EBITDA"},{"amount":"$62 million","context":"Q2 total revenues"},{"amount":"$407 million","context":"Total equity as of June 30, 2026"},{"amount":"$85 million","context":"Cash and cash equivalents as of June 30, 2026"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-05T01:36:10.277Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"small-cap","eventGravity":"operational_growth_vs_gaap_decline","sectorWeight":"financials"}},"durationMs":159847,"modelName":"glm-4.7"}}