---
schema_version: "secwatch.filing_event.v1"
accession: "0001828937-23-000039"
form_type: "8-K"
ticker: "FOA"
cik: "0001828937"
company_name: "Finance of America Companies Inc."
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T14:14:50.150248+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Finance of America Q1 net income $55M, AAG acquisition closed, volumes down 77% YoY

## Summary
- Net income from continuing ops of $55M ($0.29 basic EPS) vs loss of $48M in Q4'22; adjusted net loss of $15M.
- Revenue $141M, up 171% QoQ, driven by fair value gains; funded volume $357M, down 49% QoQ and 77% YoY.
- Completed AAG acquisition and concurrent $30M equity raise; assets under management grew 30% to $26.3B.
- Wind down of Mortgage Originations segment; agreements to sell Title Insurance (Q3'23) and majority of Lender Services (Q2'23).
- Retirement Solutions revenue $26M (-19% QoQ); Portfolio Management pre-tax income $99M vs $3M in Q4'22.

## SEC filing metadata
- accession: 0001828937-23-000039
- form_type: 8-K
- ticker: FOA
- cik: 0001828937
- company_name: Finance of America Companies Inc.
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828937/000182893723000039/0001828937-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828937/000182893723000039/foa-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828937-23-000039
- JSON: https://secwatch.observer/filing/0001828937-23-000039.json
- Plain text: https://secwatch.observer/filing/0001828937-23-000039.txt

## Key facts
- Earnings Releases
  Finance of America Companies Inc. reported the quarter ended March 31, 2023 results: net income $55 million or $0.29 basic earnings per share, EPS $0.29 basic earnings per share.
  - Period: the quarter ended March 31, 2023
  - Net income: $55 million or $0.29 basic earnings per share
  - EPS: $0.29 basic earnings per share
  - Result: reported results
  source text: On May 8, 2023, Finance of America Companies Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828937/000182893723000039/0001828937-23-000039-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.