Finance of America Companies Inc. reported a GAAP net income from continuing operations of $80 million, or $3.17 basic earnings per share, for the first quarter ended March 31, 2025. This represents a significant improvement from a $16 million loss in the prior year quarter.
The company's adjusted net income reached $13 million, or $0.52 adjusted earnings per share, for the quarter. Funded volume was $561 million, exceeding the high end of guidance and marking a 32% increase year-over-year.
Total revenues for the quarter were $166 million, up 121% year-over-year, and adjusted EBITDA was $29 million. Tangible net worth increased to $187 million in Q1 2025, up from $99 million in Q4 2024, reflecting improved financial health.
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