Finance Of America Cos | 8-K: FY2025 Q1 Revenue Beats Estimate at USD 165.7 M

Revenue: As of FY2025 Q1, the actual value is USD 165.7 M, beating the estimate of USD 85.12 M.

EPS: As of FY2025 Q1, the actual value is USD 2.56.

EBIT: As of FY2025 Q1, the actual value is USD 81.69 M.

Retirement Solutions Segment

• Funded Volume: $561 million, a 32% increase from Q1 2024.
• Total Revenue: $52 million, a 13% increase from Q1 2024.
• Pre-tax Income: $3 million, a 175% improvement from Q1 2024.
• Adjusted Net Income: $9 million, an 80% improvement from Q1 2024.

Portfolio Management Segment

• Assets Under Management: $29,418 million, an 8% increase from Q1 2024.
• Total Revenue: $129 million, a 249% increase from Q1 2024.
• Pre-tax Income: $105 million, a 650% improvement from Q1 2024.
• Adjusted Net Income: $20 million, a 233% increase from Q1 2024.

Overall Financial Performance

• Net Income from Continuing Operations: $80 million.
• Adjusted EBITDA: $29 million.
• Total Equity: Increased to $395 million, a 25% increase from Q4 2024.
• Tangible Equity: Increased to $187 million, an 89% improvement from Q4 2024.

Outlook / Guidance

Finance of America is optimistic about future growth, driven by the launch of a new brand platform and national advertising campaign aimed at increasing awareness and adoption of reverse mortgages. The company expects these initiatives to showcase the benefits of its products in a compelling way. Management is confident in the continued relevance of reverse mortgages across various market conditions.