secwatch.observer — SEC 8-K summary
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Issuer:     Finance of America Companies Inc. (FOA)
CIK:        0001828937
Form:       8-K
Filed at:   2025-03-11T23:59:59+00:00
Accession:  0001828937-25-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Finance of America returns to profitability in FY2024; net income $40M, adjusted EBITDA $60M
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- Net income from continuing operations of $40M ($1.78 basic EPS) for FY2024 vs prior-year loss.
- Adjusted net income of $14M ($0.60 adjusted EPS) improved $97M from FY2023.
- Adjusted EBITDA of $60M; reverse mortgage funded volume up 19% YoY.
- Tangible equity grew $80M from end of 2023.
- Q4 reverse mortgage production $534M, outpacing guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828937/000182893725000004/0001828937-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828937/000182893725000004/foa-20250311.htm
  HTML page:      https://secwatch.observer/filing/0001828937-25-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer