Finance of America Cos., Inc. Class A (FOA)

In the past six months, Finance of America Companies Inc. experienced several stock events. As of November 26, 2025, the stock price was $23.97, with a 52-week range of $16.58 to $32.40. In Q3 2025, the company reported GAAP net income of $131 million and adjusted net income of $33 million, with year-to-date funded volumes up 28%. The CFO sold US$102k worth of stock in November 2025. Finance of America acquired reverse mortgage assets from PHH Mortgage Corporation and partnered with Better.com to expand its home equity offerings. The price target for FOA was increased by 11% to US$25.00 in August 2025. The company repaid $85 million in high-cost debt, increased cash reserves to $110 million, and completed a major securitization. Management projected 20-25% volume growth in 2026, with a 2025 adjusted EPS target of $2.60-$3.00 and 2026 guidance of $4.25-$4.75.

The demand for Finance of America Companies' products and services is subject to seasonality, with the highest demand for loans in the spring and summer months and a decline towards the end of the year. Spring is the prime home-buying season, leading to increased mortgage applications, while winter months generally have the least activity. Cash-out refinances are less sensitive to seasonal fluctuations, and interest rate changes significantly drive loan demand.

Finance of America Companies Inc. (FOA) operates as a modern retirement solutions platform, primarily offering home equity-based financing. The company operates within the Thrifts and Mortgage Finance sector and the broader Financials industry, providing retirement offerings centered on the home through its Retirement Solutions and Portfolio Management segments. The Retirement Solutions segment focuses on originating home equity-based financing, including HECMs, proprietary reverse mortgage loans, and hybrid mortgage loans, while the Portfolio Management segment provides product development, loan securitization, and asset management services.

Finance of America Companies Inc. is headquartered in Plano, Texas, and has another office in Irving, United States. Its subsidiary, Incenter, operates a foreign branch in the Philippines, providing fulfillment transactional support.

Finance of America Companies has strategically positioned itself as a market leader in the reverse mortgage space, focusing on home equity solutions as a mainstream retirement planning tool. The company aims to empower individuals to unlock the financial potential of their home equity, particularly for retirement, by leveraging demographic tailwinds and offering a proprietary product suite. The company has also focused on digital transformation to modernize the reverse mortgage market and improve customer experience.

Finance of America Companies Inc.'s ownership structure includes institutional investors holding approximately 44.62% to 63.50% of the stock, insiders owning about 17.51%, and public companies and individual investors holding around 8.65% to 21.35%. Major institutional owners include Blackstone Group Inc., Cooperman Leon G, Jane Street Group, Llc, Susquehanna International Group, Llp, Vanguard Group Inc., BlackRock, Inc., Morgan Stanley, Invesco Ltd., and Omega Advisors Inc. Blackstone Holdings III LP and Stephen A. Schwarzman are significant insider owners.