Finance of America Reports Third Quarter 2026 Results
Business Wire•03/11/2026•16:05 ET
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Key Highlights
- ➤Funded volume $748 million, up 24% year over year
- ➤Q3 net loss $110 million, driven primarily by $125 million fair-value changes
- ➤Adjusted EPS $0.28, down from $0.84 in Q2
- ➤Cash rose 39% sequentially to $118 million; $60 million debt paydown expected November
- ➤Portfolio Management posted a $138 million pre-tax loss from non-cash fair-value adjustments
Expert Statements
Graham A. Fleming, Chief Executive Officer of Finance of America
“The third quarter of 2026 demonstrated the continued strength of our platform, with funded origination volume growing 24% year over year.”
Graham A. Fleming, Chief Executive Officer of Finance of America
“While higher interest rates drove near-term pressure on earnings, we believe this impact is temporary.”
Graham A. Fleming, Chief Executive Officer of Finance of America
“We have already taken steps to improve margins.”
Graham A. Fleming, Chief Executive Officer of Finance of America
“We remain focused on driving production growth, operational efficiency, and cash generation, and we will continue taking action to normalize margins should rate volatility remain elevated.”
Graham A. Fleming, Chief Executive Officer of Finance of America
“We believe Finance of America is well positioned to navigate these evolving markets, capitalize on the enduring demand for home equity solutions, and create long-term shareholder value.”
– Funded volume of $748 million increased 24% for the quarter compared to prior year –
– $5.24 in basic loss per share or $110 million net loss for the quarter, primarily the result of $125 million in non-cash changes in fair value –
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