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Finance of America Companies cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$174M in Q3 2026 · −$579M over twelve months

Operating cash flow−$174M
Free cash flow−$174M

Analysis

In Q3 2026, Finance of America Companies generated −$174M of operating cash flow. That is $23.8M less than in Q3 2025 (−$150M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$579M; the largest uses were operating cash flow ($579M), buybacks ($81.7M), net borrowing (+) / repaid (−) ($32.4M); besides operations, cash came from other financing ($554M), other investing ($538M); the cash balance rose by $399M.

Operating cash flow was −$174M against net income of −$110M. The largest differences: depreciation & amortization +$10.0M.

Free cash flow

Finance of America Companies: free cash flow by quarterFinance of America Companies: free cash flow by quarter−$106MQ4 2024−$92.1MQ1 2025−$96.5MQ2 2025−$150MQ3 2025−$91.4MQ4 2025−$131MQ1 2026−$183MQ2 2026−$174MQ3 2026
Operating cash flow less capital spending.
Finance of America Companies: operating cash flow against capital spendingFinance of America Companies: operating cash flow against capital spendingOperating cash flowCapital spending−$106M$0Q4 2024−$92.1M$0Q1 2025−$96.5M$0Q2 2025−$150M$0Q3 2025−$91.4M$0Q4 2025−$131M$0Q1 2026−$183M$0Q2 2026−$174M$0Q3 2026
Latest (Q3 2026): Operating cash flow −$174M, Capital spending $0.

Capital allocation, year by year

Finance of America Companies: where the cash came from (up) and went (down), by fiscal yearFinance of America Companies: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY2020: Operating cash flow −$686MFY2020: Net borrowing $303MFY2020: Capital spending −$9.0MFY2020: Acquisitions −$197K$303MFY2020FY2022: Operating cash flow $1.4BFY2022: Net borrowing $6.0MFY2022: Capital spending −$11.2M$1.4BFY2022FY2023: Operating cash flow −$71.6MFY2023: Net borrowing $12.3MFY2023: Asset sales $71.2MFY2023: Acquisitions −$141M$83.5MFY2023FY2024: Operating cash flow −$424MFY2024: Net borrowing $25.8MFY2024: Asset sales $3.0M$28.8MFY2024FY2025: Operating cash flow −$430MFY2025: Net borrowing −$77.4MFY2025: Shares issued $49.3MFY2025: Buybacks −$40.1M$49.3MFY2025
Over these 5 years operating cash flow totalled −$203M; the largest uses were operating cash flow ($1.6B) and acquisitions ($141M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$118M
Debt$358M
Net debt$239M
Due within a year$171M
Cash runway2 months

Finance of America Companies is burning cash: its operations consume cash, a free cash flow of −$579M a year at the current rate against $118M of cash and investments: a runway of about 2 months; $171M of debt also comes due within a year, which would need refinancing or new money before any new financing.

Finance of America Companies: debt maturities by year (FY2025)Finance of America Companies: debt maturities by year (FY2025)$171MYear 1$40.0MYear 3$147MYear 4
Principal due in each year as disclosed in the annual report, against $118M of cash and investments now.

Where the cash came from and went

Finance of America Companies: sources (+) and uses (−) of cash, Q3 2026Finance of America Companies: sources (+) and uses (−) of cash, Q3 2026Other financing$554MCash drawn (+) / kept (−)−$461MOperating cash flow−$174MOther investing$79.9M
Finance of America Companies: sources (+) and uses (−) of cash, TTM to Q3 2026Finance of America Companies: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow−$579MOther financing$554MOther investing$538MCash drawn (+) / kept (−)−$399MBuybacks−$81.7MNet borrowing (+) / repaid (−)−$32.4MExchange rates−$2K

From profit to cash

Finance of America Companies: net income to operating cash flow, Q3 2026Finance of America Companies: net income to operating cash flow, Q3 2026Net income−$110MDepreciation & amortization$10.0MOperating cash flow−$174M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026−$174M——−$461M−$174M
Q2 2026−$183M——$36.1M−$183M
Q1 2026−$131M−$41.6M—−$52.0M−$131M
Q4 2025−$91.4M−$40.1M−$32.4M$77.7M−$91.4M
Q3 2025−$150M—$40.0M−$166M−$150M
Q2 2025−$96.5M——$15.2M−$96.5M
Q1 2025−$92.1M——$50.1M−$92.1M
Q4 2024−$106M—−$1.2M−$81.6M−$106M

Finance of America Companies: income statement and cash flow

Finance of America Companies, Q2 2026: revenue $62.5M (-65% year over year), operating margin -113.7%. The chart follows the revenue to costs, profit and cash.

Finance of America Companies: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.