Finance Of America Cos | 10-Q: FY2025 Q1 Revenue Beats Estimate at USD 165.7 M

LB filings

2025.05.21 08:19

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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 2.43.

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

Net Origination Gains: $46,038 for the three months ended March 31, 2025, compared to $39,657 for the same period in 2024.
Fee Income: $5,683 for the three months ended March 31, 2025, compared to $6,051 for the same period in 2024.
Total Revenues: $51,721 for the three months ended March 31, 2025, compared to $45,708 for the same period in 2024.
Total Expenses: $48,462 for the three months ended March 31, 2025, compared to $49,410 for the same period in 2024.
Net Income (Loss) Before Income Taxes: $3,259 for the three months ended March 31, 2025, compared to -$3,876 for the same period in 2024.

Interest Income: $480,602 for the three months ended March 31, 2025, compared to $463,979 for the same period in 2024.
Interest Expense: -$410,167 for the three months ended March 31, 2025, compared to -$393,804 for the same period in 2024.
Net Portfolio Interest Income: $70,435 for the three months ended March 31, 2025, compared to $70,175 for the same period in 2024.
Net Other Income (Expense): $58,574 for the three months ended March 31, 2025, compared to -$32,926 for the same period in 2024.
Total Revenues: $129,009 for the three months ended March 31, 2025, compared to $37,249 for the same period in 2024.
Total Expenses: $23,731 for the three months ended March 31, 2025, compared to $22,753 for the same period in 2024.
Net Income Before Income Taxes: $105,278 for the three months ended March 31, 2025, compared to $14,496 for the same period in 2024.

Core Business Focus: The company is focused on growing its core retirement solutions business, leveraging demographic and economic tailwinds to enhance and expand its suite of home equity-based financing solutions.
Non-Core Business: The company has discontinued certain business lines to transform into a unified modern retirement solutions platform, which is expected to have a major effect on operations and financial results.
Priority: The company aims to programmatically and profitably monetize its loans through sale or securitization, minimizing capital at risk while retaining a future performance-based participation interest in the underlying cash flows.