Finance Of America Companies Inc. (FOA) Balance Sheet
FOA balance sheet, 2025
December 31, 2025 · U.S. dollars$30.73B assets = $30.34B liabilities + $395.6M equity
Both columns are drawn to the same scale: what FOA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FOA financial health
Descriptive bands, not a rating. Fiscal 2025.
FOA balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $13.73B2018 | $30.73B2025 | +12.2%/yr | |
| Total liabilities | $13.13B2018 | $30.34B2025 | +12.7%/yr | |
| Shareholders’ equity | $114,3542018 | $323.9M2025 | +211.3%/yr | |
| Cash & short-term investments | $25,0002018 | $324.6M2025 | +286.9%/yr | |
| Total debt | $3.30B2018 | $30.21B2025 | +37.2%/yr | |
| Net cash (debt) | −$3.30B2018 | −$29.88B2025 | −$26.6B | |
| Working capital | −$95,0002018 | $284.1M2025 | +$284.1M | |
| Book value per share | $0.032018 | $38.192025 | +175.4%/yr | |
| Current ratio | 1.002018 | 8.002025 | +7.00 | |
| Debt / equity | 28,893.012018 | 93.272025 | −28799.74 | |
| Shares outstanding | 3.6M2018 | 8.5M2025 | +13.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FOA assets
FOA liabilities and equity
FOA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FOA balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $324.6M | $47.4M | $46.5M | $61.1M | $141.2M | $247.3M | $1.6M | $25,000 |
| Cash & equivalents | $324.6M | $47.4M | $46.5M | $61.1M | $141.2M | $247.3M | $1.6M | $25,000 |
| Short-term investments | — | — | — | $15.6M | $25.4M | — | — | — |
| Receivables | $26.4M | $62.9M | $104.1M | $120.2M | $109.1M | $115.5M | $14.52B | $12.50B |
| Inventory | $0 | $0 | $0 | $293.1M | $580.7M | −$10,833 | $0 | $0 |
| Other current assets | $0 | $12.0M | $12.2M | $0 | $0 | $10,833 | $0 | $0 |
| Total current assets | $324.6M | $122.3M | $162.9M | $192.0M | $250.3M | $362.8M | $118.1M | $91.9M |
| Property, plant & equipment (net) | $22.0M | $24.4M | $29.4M | $37.1M | $29.3M | $71.1M | $84.1M | $30.5M |
| Goodwill & intangible assets | $179.6M | $216.3M | $260.0M | $392.2M | $1.03B | $318.8M | $142.5M | $144.0M |
| Long-term investments | $38.7M | $40.4M | $44.3M | $1.23B | $3.13B | $29.7M | $0 | $0 |
| Other non-current assets | $30.17B | $28.75B | $26.61B | $19.03B | $17.35B | $18.78B | $16.24B | $13.46B |
| Total assets | $30.73B | $29.16B | $27.11B | $20.87B | $21.79B | $19.57B | $16.58B | $13.73B |
| Liabilities | ||||||||
| Accounts payable | — | — | — | $273.1M | $471.5M | $916,939 | $86,595 | — |
| Short-term debt | $40.6M | $1.28B | $1.27B | $1.34B | $3.35B | $2.97B | $0 | — |
| Deferred revenue | — | — | — | — | — | $2.97B | — | — |
| Total current liabilities | $40.6M | $1.29B | $1.28B | $1.42B | $3.35B | $2.97B | $135.6M | $92.0M |
| Long-term debt | $26.52B | $26.21B | $26.11B | $1.85B | $20.23B | $18.36B | $15.59B | $0 |
| Lease obligations | $25.7M | $28.5M | $31.2M | $57.5M | $65.5M | $48.2M | — | — |
| Other long-term liabilities | $3.78B | $1.34B | $0 | $17.19B | $0 | $0 | $190.6M | $13.04B |
| Total liabilities | $30.34B | $28.84B | $26.84B | $20.47B | $20.71B | $18.94B | $287.5M | $13.13B |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $1,000 | $1,000 | $1,000 | $6,000 | $6,000 | $278.3M | $482.7M | $427.4M |
| Retained earnings (deficit) | −$653.7M | −$698.9M | −$714.4M | −$634.3M | −$443.6M | $3.1M | $265.6M | $22,306 |
| Accumulated other comprehensive income | −$285,000 | −$276,000 | −$249,000 | −$273,000 | −$110,000 | $9,000 | $265.6M | −$98,000 |
| Minority interest | $71.8M | $60.4M | $40.1M | $150.9M | $695.1M | — | — | — |
| Total shareholders' equity | $323.9M | $255.3M | $232.3M | $253.9M | $1.08B | $628.0M | $16.30B | $114,354 |
| Key figures | ||||||||
| Total debt | $30.21B | $28.72B | $26.63B | $20.12B | $23.58B | $21.33B | $15.59B | $3.30B |
| Net cash (debt) | −$29.88B | −$28.67B | −$26.58B | −$20.06B | −$23.44B | −$21.08B | −$15.59B | −$3.30B |
| Working capital | $284.1M | −$1.17B | −$1.12B | −$1.23B | −$3.10B | −$2.61B | −$17.5M | −$95,000 |
| Tangible book value | $144.3M | $39.0M | −$27.7M | −$138.3M | $52.2M | $309.2M | $16.15B | −$143.9M |
| Book value per share | $38.19 | $25.71 | $28.34 | $13.43 | — | — | — | $0.03 |
| Shares outstanding | 8.5M | 9.9M | 8.2M | 18.9M | — | — | — | 3.6M |
| Current ratio | 8.00 | 0.09 | 0.13 | 0.14 | 0.07 | 0.12 | 0.87 | 1.00 |
| Quick ratio | 8.65 | 0.09 | 0.12 | 0.13 | 0.07 | 0.12 | 107.14 | 135.91 |
| Debt / equity | 93.27 | 112.49 | 114.63 | 79.22 | 21.77 | 33.96 | 0.96 | 28,893.01 |
| Equity / assets | 1.1% | 0.9% | 0.9% | 1.2% | 5.0% | 3.2% | 98.3% | 0.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $85.28B | $108.0M | $89.5M | $402.4M | $46.5M | $52.0M | $47.4M | $44.3M | $46.5M | $48.2M | $46.5M | $66.3M |
| Cash & equivalents | $85.28B | $108.0M | $89.5M | $402.4M | $46.5M | $52.0M | $47.4M | $44.3M | $46.5M | $48.2M | $46.5M | $66.3M |
| Short-term investments | — | — | — | — | — | — | $47.34B | — | — | — | — | $66.27B |
| Receivables | $15.3M | $0 | $26.4M | $15.8M | $58.3M | $62.9M | $62.9M | $0 | $0 | $0 | $104.1M | $25.57B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $268.6M | $245.2M | $9.0M | $11.4M | $0 | $12.0M | $0 | $0 | $0 | $12.2M | $0 |
| Total current assets | $366.7M | $376.6M | $361.1M | $427.1M | $116.1M | $52.0M | $122.3M | $44.3M | $46.5M | $48.2M | $162.9M | $66.3M |
| Property, plant & equipment (net) | $21.4M | $0 | $22.0M | $22.3M | $22.4M | $24.4M | $24.4M | $0 | $0 | $0 | $29.4M | $8.1M |
| Goodwill & intangible assets | $161.02B | $170.3M | $179.6M | $377.8M | $198.21B | $207.5M | $216.34B | $225.6M | $234.9M | $244.2M | $260.0M | $277.2M |
| Long-term investments | $33.1M | $0 | $38.7M | $39.3M | $39.7M | $0 | $40.4M | $0 | $0 | $0 | $44.3M | $0 |
| Other non-current assets | $0 | $30.78B | $30.13B | $29.79B | $0 | $29.40B | $0 | $28.68B | $27.69B | $27.39B | $26.61B | $26.05B |
| Total assets | $37.32B | $31.33B | $30.73B | $30.66B | $30.15B | $29.69B | $29.16B | $28.95B | $27.97B | $27.68B | $27.11B | $26.40B |
| Liabilities | ||||||||||||
| Short-term debt | $3.49B | $3.36B | $1.23B | $80.3M | $1.08B | $1.37B | $1.28B | $1.41B | $1.43B | $1.42B | $1.27B | $1.19B |
| Total current liabilities | $3.49B | $3.36B | $1.26B | $80.3M | $1.08B | $1.37B | $1.29B | $1.42B | $1.44B | $1.42B | $1.28B | $1.29B |
| Long-term debt | $35.71B | $29.86B | $26.52B | $28.58B | $27.65B | $26.84B | $26.21B | $26.78B | $26.12B | $25.82B | $25.33B | $25.20B |
| Lease obligations | — | — | $25.7M | — | — | — | $28.5M | $29.2M | $29.1M | — | $31.2M | $32.4M |
| Other long-term liabilities | $0 | $0 | $2.56B | $1.71B | $944.2M | $1.08B | $1.34B | $289.5M | $166.2M | $195.5M | $224.8M | $0 |
| Total liabilities | $36.91B | $30.89B | $30.34B | $30.29B | $29.67B | $29.29B | $28.84B | $28.49B | $27.72B | $27.43B | $26.84B | $26.29B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $10,000 | $1,000 | $9,000 |
| Retained earnings (deficit) | −$634.1M | −$636.2M | −$653.7M | −$643.3M | −$633.8M | −$668.7M | −$698.9M | −$639.8M | −$724.0M | −$721.9M | −$714.4M | −$775.7M |
| Accumulated other comprehensive income | −$285,000 | −$285,000 | −$285,000 | −$283,000 | −$283,000 | −$285,000 | −$276,000 | −$273,000 | −$296,000 | −$266,000 | −$249,000 | −$221,000 |
| Minority interest | $60.0M | $90.4M | $71.8M | $82.6M | $148.2M | — | — | — | — | — | — | — |
| Total shareholders' equity | $346.7M | $347.7M | $323.9M | $283.2M | $325.3M | $292.1M | $255.3M | $312.9M | $227.2M | $228.4M | $232.3M | $164.8M |
| Key figures | ||||||||||||
| Total debt | $36.76B | $30.76B | $30.23B | $30.16B | $29.53B | $29.14B | $28.72B | $28.35B | $27.58B | $27.23B | $26.63B | $26.09B |
| Net cash (debt) | $48.52B | −$30.65B | −$30.14B | −$29.76B | −$29.48B | −$29.09B | −$28.67B | −$28.30B | −$27.53B | −$27.18B | −$26.58B | −$26.02B |
| Working capital | −$3.12B | −$2.98B | −$901.9M | $346.9M | −$960.3M | −$1.32B | −$1.17B | −$1.38B | −$1.39B | −$1.37B | −$1.12B | −$1.23B |
| Tangible book value | −$160.67B | $177.4M | $144.3M | −$94.6M | −$197.88B | $84.6M | −$216.09B | $87.3M | −$7.7M | −$15.8M | −$27.7M | −$112.4M |
| Book value per share | $43.91 | $44.04 | $41.03 | $31.24 | $34.24 | $29.41 | $25.71 | $31.57 | $22.96 | $23.67 | $26.03 | $18.78 |
| Shares outstanding | 7.9M | 7.9M | 7.9M | 9.1M | 9.5M | 9.9M | 9.9M | 9.9M | 9.9M | 9.6M | 8.9M | 8.8M |
| Current ratio | 0.11 | 0.11 | 0.29 | 5.32 | 0.11 | 0.04 | 0.09 | 0.03 | 0.03 | 0.03 | 0.13 | 0.05 |
| Quick ratio | 24.44 | 0.03 | 0.09 | 5.21 | 0.10 | 0.08 | 0.09 | 0.03 | 0.03 | 0.03 | 0.12 | 19.83 |
| Debt / equity | 106.04 | 88.46 | 93.35 | 106.49 | 90.79 | 99.78 | 112.49 | 90.59 | 121.36 | 119.23 | 114.63 | 158.33 |
| Equity / assets | 0.9% | 1.1% | 1.1% | 0.9% | 1.1% | 1.0% | 0.9% | 1.1% | 0.8% | 0.8% | 0.9% | 0.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 13, 2026); data from EODHD.
FOA financial position
At the end of fiscal 2025 (December 31, 2025), Finance Of America had total assets of $30.7 billion (up 5.4% from a year earlier), total liabilities of $30.3 billion and shareholders' equity of $323.9 million. It held $324.6 million in cash and short-term investments against $30.2 billion of debt, net debt of $29.9 billion. Its current ratio was 8.00. In the latest quarter (ended June 30, 2026) total assets were $37.3 billion and equity $346.7 million.
Related: FOA income statement, FOA cash flow statement, FOA key metrics. See the FOA stock overview for the latest quote and news.
FOA balance sheet FAQ
What are Finance Of America's total assets?
Finance Of America reported total assets of $30.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $29.2 billion a year earlier.
How much debt does Finance Of America have?
Finance Of America had $30.2 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 93.27.
How much cash does Finance Of America have?
Finance Of America held $324.6 million in cash and short-term investments at the end of fiscal 2025; with $30.2 billion of debt that is net debt of $29.9 billion.
What is Finance Of America's book value?
Finance Of America's shareholders' equity (book value) was $323.9 million at the end of fiscal 2025, or $38.19 per share.
What is Finance Of America's current ratio?
Finance Of America had current assets of $324.6 million and current liabilities of $40.6 million, a current ratio of 8.00 (it can cover its short-term obligations).
How much goodwill does Finance Of America have?
Finance Of America carried $179.6 million of goodwill and intangible assets, 0.6% of total assets, at the end of fiscal 2025.