Finance of America Companies Inc.

Finance of America Companies Inc.Condensed Consolidated Statements of Financial Condition(in thousands)

The following table presents the assets and liabilities of the Company’s consolidated variable interest entities (“VIEs”), which are included in the Condensed Consolidated Statements of Financial Condition above, and excludes retained bonds and beneficial interests that eliminate in consolidation.

Finance of America Companies Inc.Condensed Consolidated Statements of Operations (Unaudited)(in thousands, except share data)

Finance of America Companies Inc.Condensed Consolidated Statements of Operations (Unaudited)(in thousands, except share data)

Finance of America Companies Inc. Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)(in thousands)

Finance of America Companies Inc. Condensed Consolidated Statements of Equity (Unaudited)(in thousands, except share data)

Finance of America Companies Inc. Condensed Consolidated Statements of Equity (Unaudited)(in thousands, except share data)

Finance of America Companies Inc. Condensed Consolidated Statements of Equity (Unaudited)(in thousands, except share data)

Finance of America Companies Inc. Condensed Consolidated Statements of Equity (Unaudited)(in thousands, except share data)

Finance of America Companies Inc.Condensed Consolidated Statements of Cash Flows (Unaudited)(in thousands)

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

1. Organization and Description of Business

Finance of America Companies Inc. (“we,” “us,” “our,” “FOA,” or the “Company”) is a financial services holding company which, through its operating subsidiaries, is a leading provider of home equity-based financing solutions for a modern retirement. In addition, FOA offers capital markets and portfolio management capabilities primarily to optimize the distribution of its originated loans to investors.

FOA was incorporated in Delaware on October 9, 2020 and became a publicly-traded company on the New York Stock Exchange (the “NYSE”) in April 2021, with trading beginning on April 5, 2021. On August 15, 2025, FOA’s Class A Common Stock also began trading on NYSE Texas, Inc. FOA continues to maintain its primary listing on the NYSE and trades under the same “FOA” ticker symbol on both exchanges.

FOA has a controlling financial interest in Finance of America Equity Capital LLC (“FOA Equity”). FOA Equity owns all of the outstanding equity interests in Finance of America Funding LLC (“FOAF”). FOAF wholly owns Finance of America Holdings LLC (“FAH”) and Incenter LLC (“Incenter” and collectively, with FOA Equity, FOAF, and FAH, known as “holding company subsidiaries”).

The Company, through its FAH holding company subsidiary, operates a lending company, Finance of America Reverse LLC (“FAR”). Through FAR, the Company originates, acquires, and services HECM loans, which are originated pursuant to the Federal Housing Administration (the “FHA”) HECM program and are insured by the FHA, and non-agency reverse mortgage loans, which are not insured by the FHA. The Company, through its Incenter holding company subsidiary, has operating service companies (the “operating service subsidiaries” and together with FAR, the “operating subsidiaries”) that provide capital markets and portfolio management capabilities.

2. Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements comprise the financial statements of FOA and its controlled subsidiaries. The condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial statements and pursuant to the accounting and disclosure rules and regulations of the U.S. SEC. The accompanying condensed consolidated financial statements contain alladjustments, consisting only of normal recurring adjustments, necessary for a fair statement of its financial condition as of September 30, 2026, its results of operations for the three and nine months ended September 30, 2026 and 2025, and its cash flows for the nine months ended September 30, 2026 and 2025. The Condensed Consolidated Statement of Financial Condition at December 31, 2025 was derived from audited financial statements but does not contain all of the footnote disclosures from the annual financial statements. Operating results for the interim periods are not necessarily indicative of the results that may be expected for any future period or for the full year. The condensed consolidated financial statements, including the significant accounting policies, should be read in conjunction with theconsolidated financial statements and notes as of and for the year ended December 31, 2025 within the Company’s 2025 Form 10-K. The significant accounting policies, together with the other Notes to Condensed Consolidated Financial Statements, are an integral part of the condensed consolidated financial statements.

On July 31, 2026, the Company’s Second Amended and Restated Certificate of Incorporation (the “A&R Charter”) became effective upon filing with the Delaware Secretary of State. The A&R Charter, among other things, (i) reclassified the outstanding shares of the Company’s Class B Common Stock (the “Class B Common Stock”) such that each holder of outstanding Class A LLC units of FOA Equity (“Class A LLC Units”) holds, following the reclassification, a number of shares of the Company’s Class B Common Stock equal to the number of Class A LLC Units held by such holder, (ii) provided that each share of the Company’s Class B Common Stock shall have one vote on matters on which the holders of the Company’s Class B Common Stock are entitled to vote, and (iii) decreased the number of authorized shares of Class A Common Stock from 6,000,000,000 to 5,951,000,000 and increased the number of authorized shares of Class B Common Stock from 1,000,000 to 50,000,000.

As a result of these amendments, the number of outstanding shares of Class B Common Stock corresponds on aone-for-one basis with the number of outstanding Class A LLC Units held by the noncontrolling interest. The amendments did not affect the economic ownership interests of the Company’s stockholders or holders of Class A LLC Units and did not result in dilution of existing stockholders.

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

Use of Estimates

The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates regarding loans held for investment, HMBS related obligations, and nonrecourse debt are particularly subject to change. Actual results may differ from those estimates and assumptions due to factors such as changes in the economy, interest rates, secondary market pricing, prepayment assumptions, home prices, or discrete events affecting specific borrowers, and such differences could be material.

Recently Adopted Accounting Guidance

Recently Issued Accounting Guidance, Not Yet Adopted as of September 30, 2026

3. Asset Acquisition

On June 30, 2026, FAR completed the acquisition of certain assets and assumed certain liabilities of Onity Mortgage Corporation (formerly known as PHH Mortgage Corporation) (“OMC”) related to OMC’s reverse mortgage loan origination and servicing business (the “OMC Transaction”). The acquired assets included a portfolio of mortgage servicing rights (“MSR”) associated with HECM loans and certain reverse mortgage loan origination assets, including OMC’s reverse mortgage loan pipeline. Participation interests in such HECM loans had previously been

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

pooled into HMBS, and the Company assumed the HMBS related obligations as part of the OMC Transaction. The OMC Transaction was completed pursuant to an Asset Purchase Agreement, a Reverse Mortgage Servicing Rights Purchase and Sale Agreement, and a Mortgage Loan Sale Agreement, each originally entered into on November 17, 2025 (collectively, the “OMC Purchase Agreements”), with the Asset Purchase Agreement and Reverse Mortgage Servicing Rights Purchase and Sale Agreement subsequently amended on April 30, 2026.

The Company concluded that the OMC Transaction should be accounted for as an asset acquisition because substantially all of the fair value of the assets acquired was concentrated in a single group of similar assets. Accordingly, the transaction was accounted for using a cost accumulation and allocation model, whereby the total cost of the acquisition was allocated to the assets acquired and liabilities assumed based on their relative fair values. As a result, no goodwill was recognized in connection with the transaction.

The following table presents the allocation of the total cost of the acquisition to the assets acquired and liabilities assumed in the OMC Transaction (in thousands):

(1)In accordance with the OMC Purchase Agreements, the Company paid cash of $91.8 million on June 30, 2026 and an additional $25.7 million during the third quarter of 2026 following the post-closing purchase price reconciliation. The remaining $7.0 million represents a contractual holdback that is expected to be paid through fiscal year 2027. This liability is included in Payables and other liabilities in the Condensed Consolidated Statements of Financial Condition.

4. Variable Interest Entities and Securitizations

Consolidated VIEs

The Company securitizes certain of its interests in non-agency reverse mortgage loans and HECM buyouts. The transactions provide investors with the ability to invest in a pool of reverse mortgage loans secured by residential properties. The transactions provide the Company with access to liquidity for these assets, ongoing servicing fees, and potential residual returns. The principal and interest on the outstanding certificates are paid using the cash flows from the underlying reverse mortgage loans, which serve as collateral for the debt. The securitizations are callable at or following the optional redemption date as defined in the respective indenture agreements.

In our capacity as servicer of the securitized loans, the Company retains the power to direct the VIE’s activities that most significantly impact the VIE’s economic performance. The Company also retains certain beneficial interests in these trusts which provide exposure to potential gains and losses based on the performance of the trust. As the Company has both the power to direct the activities that significantly impact the VIE’s economic performance and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE, the definition of a primary beneficiary is met, and the trusts are consolidated by the Company.

The Company also has a financing agreement which is structured as a securitization. The special purpose entity created for the purposes of the financing is a VIE that the Company consolidates, as the Company is the primary beneficiary. The non-agency reverse mortgage loans included in this securitization are recorded in Loans held for investment, at fair value, or in loans held for sale, at fair value, which is included in Other assets, net, and the

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

associated debt is recorded in Other financing lines of credit in the Condensed Consolidated Statements of Financial Condition.

During the three and nine months ended September 30, 2026 and 2025, the Company redeemed outstanding securitized notes related to certain non-agency reverse mortgage loan and HECM buyout securitizations. As part of the redemptions, the Company paid off nonrecourse debt with outstanding balances of $0.7 billion and $2.1 billion for the three and nine months ended September 30, 2026, respectively, compared to $1.9 billion and $2.7 billion for the three and nine months ended September 30, 2025, respectively. The notes were paid off at par.

From time to time, the Company may purchase securities that were previously issued by consolidated trusts. Under these circumstances, we extinguish the outstanding debt and recognize gains or losses for the difference between the consideration paid and the carrying value of the debt. For the nine months ended September 30, 2026, the Company recognized gains on extinguishment of debt related to these purchases of $24.4 million, withno such gains recognized during the three months ended September 30, 2026, compared to gains of $21.8 million and $38.8 million for the three and nine months ended September 30, 2025, respectively.

The following table presents the assets and liabilities of the Company’s consolidated VIEs, which are included in the Condensed Consolidated Statements of Financial Condition, and excludes intercompany balances, except for retained bonds and beneficial interests (in thousands):

Unconsolidated VIEs

During the three months ended September 30, 2026, the Company entered into a financing agreement which is structured as a securitization. The special purpose entity created for the purposes of the financing is a VIE that the Company does not consolidate, as the Company is not the primary beneficiary. The securitization includes certain bonds retained from previously issued securitizations of non-agency reverse mortgage loans that are eliminated in consolidation. The associated debt of $98.4 million as of September 30, 2026 is recorded in Other financing lines of credit in the Condensed Consolidated Statements of Financial Condition.

Transfers of loans accounted for as sales

The Company securitized certain of its interests in non-agency reverse mortgage loans and in agency-eligible residential mortgage loans. The transactions provided investors with the ability to invest in a pool of mortgage loans secured by residential properties and provided the Company with access to liquidity for these assets and ongoing service fees. The Company’s beneficial interest in the securitizations is limited to a 5% retained interest in the trusts. The Company determined that the securitization structures are VIEs and concluded that the Company is not the primary beneficiary, as it does not have the power to direct the activities that most significantly affect the economic performance of the VIEs. The transfers of the loans to the VIEs were determined to be sales, and the Company derecognized the mortgage loans and did not consolidate the trusts.

The Company’s continuing involvement with and exposure to loss from the VIEs includes the carrying value of the retained bonds, the servicing asset recognized in the sale of the loans, servicing advances in the role as servicer, and

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

obligations under representations and warranties contained in the loan sale agreements. Creditors of the VIEs have no recourse to the Company’s assets or general credit. The underlying performance of the mortgage loans transferred has a direct impact on the fair values and cash flows of the beneficial interests held and the servicing asset recognized.

Transfer of loans accounted for as a secured borrowing

The Company securitized certain non-agency reverse mortgage loans for which its beneficial interest in the securitization was limited to a 5% retained interest in the trust. The Company determined that this securitization structure was a VIE and concluded that the Company was not the primary beneficiary, as it did not have the power to direct the activities that most significantly affect the economic performance of the VIE. The transfer of the loans to the VIE was determined not to be a sale. Accordingly, the Company continued to recognize the loans and recognized a nonrecourse liability for the proceeds received from third parties for the transfer of the loans. Bonds issued in the securitization that were retained by the Company were not recognized.

During the first quarter of 2026, the Company acquired certain beneficial interests and other rights in previously unconsolidated VIEs. As a result, the Company reassessed its involvement with the VIEs and determined that the Company was the primary beneficiary, as it had both the power to direct the activities that most significantly affect the VIEs’ economic performance and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIEs. Accordingly, the Company began consolidating the VIEs upon acquisition of these interests. In addition, during the first quarter of 2026, the Company redeemed the outstanding securitized notes issued by the VIEs.

The following tables present the unconsolidated VIEs for which the Company holds variable interests (in thousands):

As of September 30, 2026 and December 31, 2025, there were $1.1 million and $0.7 million, respectively, of mortgage loans transferred by the Company to unconsolidated securitization trusts that were 90 days or more past due.

Issuance of HMBS

The Company securitizes HECM loans into HMBS, which Ginnie Mae guarantees, and sells the HMBS in the secondary market while retaining the rights to service the HECM loans. The Company determined that HECM loans transferred into HMBS do not meet the requirements of sale accounting and are not derecognized upon transfer. As of September 30, 2026, the Company was servicing 4,008 Ginnie Mae loan pools and the weighted average interest rate on the HMBS related obligations was 5.9%. As of December 31, 2025, the Company was servicing 3,086 Ginnie Mae loan pools and the weighted average interest rate on the HMBS related obligations was 5.6%.

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

5. Fair Value

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is based on the assumptions market participants would use when pricing an asset or liability and follows a fair value hierarchy that prioritizes the information used to develop those assumptions. The fair value hierarchy gives the highest priority to quoted prices available in active markets (i.e., observable inputs) and the lowest priority to data lacking transparency (i.e., unobservable inputs). In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.

All aspects of nonperformance risk, including the Company’s own credit standing, are considered when measuring the fair value of a liability.

The following is a description of the three levels of the fair value hierarchy:

Level 1 Inputs: Quoted prices for identical instruments in active markets.

Level 2 Inputs: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

Level 3 Inputs: Instruments with unobservable inputs that are significant to the fair value measurement.

The Company classifies assets and liabilities in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company recognizes transfers between levels of the fair value hierarchy as of the end of the reporting period. There were no transfers into or out of Level 3 within the fair value hierarchy during the three and nine months ended September 30, 2026 and 2025.

The following are descriptions of the valuation methodologies used to measure material assets and liabilities at fair value and the details of the valuation models, key inputs to those models, and significant assumptions utilized. Within the assumption tables presented, not meaningful (“NM”) refers to a range of inputs that is too broad to provide meaningful information to the user or to an input that has no range and consists of a single data point. Weighted averages are calculated by weighting each input by the relative outstanding balance of the related financial instrument.

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

Fair Value of Assets and Liabilities

The following tables present assets and liabilities that are measured at fair value on a recurring basis (in thousands):

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

The following tables present Level 3 assets and liabilities that are measured at fair value on a recurring basis (in thousands):

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

Fair Value Option

The Company has elected to measure its loans held for investment, loans held for sale, HMBS related obligations, nonrecourse debt, and Convertible Notes at fair value under the fair value option. The Company elected to apply the provisions of the fair value option to these assets and liabilities in order to align financial reporting presentation with

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

the Company’s operational and risk management strategies. The following table presents the fair value and the unpaid principal balance (“UPB”) of these financial assets and liabilities (in thousands):

(1)Loans held for investment include certain loans that were greater than 90 days past due and on non-accrual status. These loans had a fair value of $4.0 million and a UPB of $5.2 million as of September 30, 2026, compared to a fair value of $6.1 million and a UPB of $7.0 million as of December 31, 2025.

(2)The Company elected the fair value option for the Convertible Notes and, accordingly, measures the Convertible Notes at fair value upon issuance, at each subsequent reporting date, and upon conversion, with changes in fair value recognized in Other, net, in the Condensed Consolidated Statements of Operations. During the three months ended September 30, 2026, pursuant to the convertible note purchase agreements, certain holders converted an aggregate principal amount of $5.0 million of Convertible Notes into 277,777 shares of Class A Common Stock. On the conversion date, the fair value of the Class A Common Stock issued was $7.6 million, based on the NYSE quoted market price of the Company's Class A Common Stock.

Fair Value of Other Financial Instruments

As of September 30, 2026 and December 31, 2025, all financial instruments were either recorded at fair value or the carrying value approximated fair value with the exception of certain notes payable. The fair value of ournotes payable was determined using quoted market prices adjusted for accrued interest, which is considered to be a Level 2 input, or for notes payable with an original maturity of a year or less, the carrying value approximates fair value, which is determined using Level 2 inputs.

The following table presents the amortized cost and fair value of notes payable (in thousands):

For other financial instruments that were not recorded at fair value, such as cash and cash equivalents, including restricted cash, and other financing lines of credit, the carrying value approximates fair value due to the short-term nature of such instruments. The fair value of assets and liabilities whose carrying value approximates fair value is determined using Level 2 inputs, with the exception of cash and cash equivalents, including restricted cash, which are Level 1 inputs.

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

6. Reverse Mortgage Loan Portfolio

The following table presents the composition and the outstanding UPB of the reverse mortgage loan portfolio serviced by the Company (in thousands):

(1)HECM loans not securitized primarily represent newly originated loans and poolable tails.

(2)Unpoolable HECM loans primarily represent loans that have reached 98% of their maximum claim amount (“MCA”).

(3)As of September 30, 2026 and December 31, 2025, there was $655.8 million and $753.2 million, respectively, in UPB in loans pledged as collateral for financing lines of credit.

The following table presents our owned loan portfolio by mortgage rate type (in thousands):

As of September 30, 2026 and December 31, 2025, there were $708.4 million and $550.4 million, respectively, of foreclosure proceedings in process, which are included in Loans held for investment, subject to HMBS related obligations, at fair value, Loans held for investment, subject to nonrecourse debt, at fair value, or Loans held for investment, at fair value, in the Condensed Consolidated Statements of Financial Condition, and $9.1 million and $8.9 million, respectively, of foreclosure proceedings in process, which are included in loans serviced for others in the table above.

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

7. Other Assets, Net

Other assets, net, consisted of the following (in thousands):

8. Nonrecourse Debt, at Fair Value

Nonrecourse debt, at fair value, consisted of the following (in thousands):

(1)The Company’s securitizations are generally callable at or following the optional redemption date as defined in each related indenture agreement.

(2) Nonrecourse loan financing liability was comprised of nonrecourse debt associated with a securitization of non-agency reverse mortgage loans. As the securitization was determined to be an unconsolidated VIE and failed sale treatment, the associated nonrecourse debt was accounted for by the Company and presented separately from other nonrecourse debt. During the first quarter of 2026, the Company acquired certain beneficial interests and other rights in this previously unconsolidated VIE. As a result, the Company began consolidating the VIE upon acquisition of these interests. In addition, during the first quarter of 2026, the Company redeemed the outstanding securitized notes issued by this VIE. Refer to Note 4 - Variable Interest Entities and Securitizations for additional information.

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

Future repayment of nonrecourse debt issued by securitization trusts is dependent on the receipt of cash flows from the corresponding encumbered loans receivable or the redemption of outstanding nonrecourse debt. As of September 30, 2026, estimated maturities for nonrecourse debt are as follows (in thousands):

9. Other Financing Lines of Credit

Other financing lines of credit consisted of the following (in thousands):

(1)Capacity is dependent upon maintaining compliance with, or obtaining waivers of, the terms, conditions, and covenants of the respective agreements, including asset-eligibility requirements. Capacity amounts presented are as of September 30, 2026.

(2)The other financing lines of credit with a maturity date of October 2026 have been renewed subsequent to September 30, 2026.

(3)These lines of credit are generally tied to the maturity date of the underlying mortgage related assets that have been pledged as collateral.

As of September 30, 2026 and December 31, 2025, the weighted average interest rate on outstanding financing lines of credit was 7.13% and 8.18%, respectively.

The Company’s financing arrangements and credit facilities contain various financial covenants, which primarily relate to required tangible net worth amounts, liquidity reserves, leverage ratios, and profitability. As of September 30, 2026, the Company was in compliance with the financial covenants.

The terms of the Company’s financing arrangements and credit facilities contain covenants, and the terms of the Company’s government sponsored entities (“GSE”)/seller servicer contracts contain requirements that may restrict FOA Equity and its subsidiaries from paying distributions to its members. These restrictions include restrictions on paying distributions whenever the payment of such distributions would cause FOA Equity or its subsidiaries to no longer be in compliance with any of its financial covenants or GSE requirements. Further, FOA Equity is generally prohibited under Delaware law from making a distribution to a member to the extent that, at the time of the distribution, after giving effect to the distribution, liabilities of FOA Equity (with certain exceptions) exceed the fair value of its assets. Subsidiaries of FOA Equity are generally subject to similar legal limitations on their ability to make distributions to FOA Equity.

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

The Company’s most restrictive financial covenant requirements and actual financial covenant amounts and ratios are presented in the following tables (in thousands, except for ratios):

10. Commitments and Contingencies

Servicing of Mortgage Loans

The Company has contracted with third-party providers to perform specified servicing functions on its behalf. These services include maintaining borrower contact, facilitating borrower advances, generating borrower statements, collecting and processing payments of interest and principal, and facilitating loss-mitigation strategies in an attempt to keep defaulted borrowers in their homes. The contracts are generally fixed-term arrangements, with standard notification and transition terms governing termination of such contracts.

For reverse mortgages, defaults on loans leading to foreclosures may occur if borrowers fail to meet maintenance obligations, such as payment of taxes or home insurance premiums. When a default cannot be cured, the sub-servicers manage the foreclosure process and the filing of any insurance claims with HUD. The sub-servicers have responsibility for remitting timely advances and statements to borrowers and timely and accurate claims to HUD, including compliance with local, state, and federal regulatory requirements. Although the Company has outsourced its servicing function, as the issuer, the Company has responsibility for all aspects of servicing of the HECM loans and related HMBS beneficial interests under the terms of the servicing contracts, state laws, and regulations.

Additionally, the sub-servicers are responsible for remitting payments to investors, including interest accrued, interest shortfalls, and funding advances such as taxes and home insurance premiums. Advances are typically remitted by the Company to the sub-servicers on a daily basis.

Contractual sub-servicing fees related to sub-servicer arrangements are generally based on a fixed dollar amount per loan and are included in Loan servicing expenses in the Condensed Consolidated Statements of Operations.

Unfunded Commitments

The Company is required to fund further borrower advances (where the borrower has not fully drawn down the HECM or non-agency reverse mortgage loan proceeds available) and fund the payment of the borrower’s obligation to pay FHA monthly insurance premiums for HECM loans.

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

The outstanding unfunded commitments available to borrowers related to agency and non-agency reverse mortgage loans were $5.5 billion and $4.4 billion as of September 30, 2026 and December 31, 2025, respectively. This additional borrowing capacity is primarily in the form of undrawn lines of credit.

Mandatory Repurchase Obligation

The Company is required to repurchase reverse mortgage loans out of the Ginnie Mae securitization pools once the outstanding principal balance of the related HECM loan is equal to or greater than 98% of the MCA. Performing repurchased loans are typically conveyed to HUD and nonperforming repurchased loans are generally liquidated in accordance with program requirements. Loans are considered nonperforming upon events including, but not limited to, the death of the mortgagor, the mortgagor no longer occupying the property as their principal residence, or the property taxes or insurance are not being paid.

As an issuer of HMBS, the Company also has the option to repurchase reverse mortgage loans out of the Ginnie Mae securitization pools without prior approval from Ginnie Mae in certain instances. These situations include: the borrower requesting an additional advance that causes the outstanding principal balance to be equal to or greater than 98% of the MCA; the borrower’s loan becoming due and payable under certain circumstances; the borrower not occupying the home for greater than twelve consecutive months for physical or mental illness, and the home is not the residence of another borrower; or the borrower failing to perform in accordance with the terms of the loan.

For each HECM loan that the Company securitizes into agency HMBS, the Company is required to covenant and warrant to Ginnie Mae, among other things, that the HECM loans related to each participation included in the agency HMBS are eligible under the requirements of the National Housing Act and the Ginnie Mae MBS Guide, and that the Company will take all actions necessary to ensure the HECM loan’s continued eligibility. The Ginnie Mae HMBS program requires that the Company removes the participation related to any HECM loan that does not meet the requirements of the Ginnie Mae MBS Guide. In addition to securitizing HECM loans into agency HMBS, the Company may sell HECM loans to third parties, and the agreements with such third parties include standard representations and warranties related to such loans, which if breached, may require the Company to repurchase the HECM loan and/or indemnify the purchaser for losses related to such HECM loans. In the case where the Company repurchases the loan, the Company bears any subsequent credit loss on the loan. To the extent that the Company is required to remove a loan from an agency HMBS, purchase a loan from a third-party, or indemnify a third-party, the potential losses suffered by the Company may be reduced by any recourse the Company has to the originating broker and/or correspondent lender, if applicable, to the extent such entity breached similar or other representations and warranties. Under most circumstances, the Company has the right to require the originating broker/correspondent lender to repurchase the related loan from the Company and/or indemnify the Company for losses incurred. The Company seeks to manage the risk of repurchase and associated credit exposure through the Company’s underwriting and quality assurance practices.

Litigation

The Company’s business is subject to legal proceedings, examinations, investigations, and reviews by various federal, state, and local regulatory and enforcement agencies as well as private litigants such as the Company’s borrowers or former employees. At any point in time, the Company may have open investigations with regulators or enforcement agencies, including examinations and inquiries related to its loan origination and servicing practices. These matters and other pending or potential future investigations, examinations, inquiries, or lawsuits may lead to administrative or legal proceedings, and possibly result in remedies, including fines, penalties, restitution, alterations in business practices, or additional expenses and collateral costs.

As a litigation or regulatory matter develops, the Company, in conjunction with any outside counsel handling the matter, evaluates on an ongoing basis whether such matter presents a loss contingency that is probable and reasonably estimable. If, at the time of evaluation, the loss contingency is not both probable and reasonably estimable, the matter will continue to be monitored for further developments that would make such loss contingency both probable and reasonably estimable. Once the matter is deemed to be both probable and reasonably estimable, the Company establishes an accrued liability and records a corresponding amount to litigation related expense. The Company will continue to monitor the matter for further developments that could affect the amount of the accrued liability that has been previously established. For certain matters, the Company may determine that a loss is not probable but is reasonably possible or may consider a loss to be probable but cannot calculate a precise estimate of losses. For these matters, the Company may be able to estimate a range of possible loss. In determining whether it is possible to provide an estimate of loss or range of possible loss, the Company reviews and evaluates its material litigation and regulatory matters on an ongoing basis, in conjunction with any outside counsel handling the matter.

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

Based on our assessment of the facts and circumstances, we do not believe any of these matters, individually or in the aggregate, will have a material adverse effect on our financial position, results of operations, or cash flows in a future period.

The Company was a defendant in a representative lawsuit alleging violations of the California Labor Code and brought pursuant to the California Private Attorneys General Act (“PAGA”). The Company has settled both the individual arbitration claim and the representative PAGA claim for a de minimis amount and the matter has been closed.

11. Income Taxes

The Company’s effective tax rate on continuing operations for the three months ended September 30, 2026 differed from the U.S. federal statutory rate primarily due to the projected mix of earnings and losses attributable to the noncontrolling interest. For the nine months ended September 30, 2026, the effective tax rate on continuing operations differed from the U.S. federal statutory rate primarily due to the release of valuation allowances against deferred tax assets, including net operating loss (“NOL”) carryforwards and other deferred tax assets, and the projected mix of earnings and losses attributable to the noncontrolling interest.

The Company’s effective tax rate on continuing operations for the three and nine months ended September 30, 2025 differed from the U.S. federal statutory rate primarily due to the projected mix of earnings and losses attributable to the noncontrolling interest and changes in valuation allowances previously recorded against deferred tax assets, including NOL carryforwards and other deferred tax assets.

Deferred income taxes reflect the net tax effects of temporary differences between the carrying value of assets and liabilities for financial reporting purposes and the amounts reported for income tax purposes. The Company recognizes deferred tax assets and liabilities for the expected future tax consequences attributable to those temporary differences and the expected benefits of net operating losses and carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

A valuation allowance is provided when it is more likely than not that some or all of a deferred tax asset will not be realized. In making such a determination, the Company considers all available positive and negative evidence, with greater weight given to objectively verifiable evidence. Such evidence includes recent results of operations, future reversals of existing taxable temporary differences, projected future taxable income, and tax planning strategies. As of June 30, 2026, the Company had generated cumulative income over the most recent three-year period. Based on our evaluation of all available positive and negative evidence, including the Company’s cumulative income over the most recent three-year period, which represents objectively verifiable positive evidence, the Company concluded that it was more likely than not that substantially all of its deferred tax assets would be realized. Accordingly, the Company released $33.8 million of its valuation allowance during the second quarter of 2026, which was recognized as a discrete income tax benefit. As of September 30, 2026, the Company continued to conclude that it is more likely than not that substantially all of its deferred tax assets will be realized.

Tax positions taken in tax years that remain open under the statute of limitations will be subject to examinations by tax authorities. With few exceptions, the Company is no longer subject to state or local examinations by tax authorities for tax years ended December 31, 2021 or prior.

Tax Receivable Agreement

The Company entered into a TRA with certain owners of FOA Equity. Initial obligations under the TRA were measured at fair value and are subsequently remeasured at fair value each reporting period. Refer to Note 5 - Fair Value for additional information.

The Company also records obligations under the TRA resulting from applicable future exchanges of Class A LLC Units as they occur at the gross undiscounted amount of the expected future payments, with an increase to the TRA liability and the related deferred tax asset and valuation allowance (if any), and an offset to additional paid-in capital. If the Company determines that it is no longer probable that a related contingent payment will be required based on expected future cash flows, the related liability is reversed through earnings, and no additional liabilities are recorded until such payments become probable.

In a prior year, the Company determined that the contingent liability portion of the TRA obligation was no longer probable, consistent with the Company’s determination that a full valuation allowance was required against the

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

deferred tax assets. Accordingly, the Company reversed the previously recognized contingent TRA liability through Other, net, in the Condensed Consolidated Statements of Operations.

As a result of the Company’s release of the valuation allowance against the related deferred tax assets during the second quarter of 2026, the Company concluded that future payments related to the contingent portion of the TRA had become probable and, accordingly, reestablished the previously reversed contingent TRA liability of $6.6 million through Other, net, in the Condensed Consolidated Statements of Operations. In addition, for applicable exchanges of Class A LLC Units that occurred after the contingent TRA liability was reversed in a prior year, the Company recorded additional TRA obligations of $1.8 million at the gross undiscounted amount of the expected future payments, with increases to the TRA liability and related deferred tax assets and offsets to additional paid-in capital.

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

12. Business Segment Reporting

The following tables present financial information by segment (in thousands):

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

The following table presents total assets by segment (in thousands):

The Company has identifiedtwo reportable segments: Retirement Solutions and Portfolio Management. The Chief Operating Decision Maker (“CODM”) are certain officers of the Company, which include the Chief Executive Officer, Chief Financial Officer, and Chief Investment Officer. The CODM evaluates the performance of the Company’s segments based on net income (loss) before taxes. The CODM uses this reported measure along with periodic reviews of results and overall market activity to allocate resources to segments in the planning and forecasting process.

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

Our Retirement Solutions segment conducts all of our Company’s loan origination activity, including the origination and acquisition of HECM loans and non-agency reverse mortgage loans through both the retail and third-party originator channels. The Retirement Solutions segment generates revenue from fees earned at the time of loan origination as well as from the initial estimate of net origination gains, with all originated loans accounted for at fair value. Once originated, the loans are transferred to our Portfolio Management segment, and any future fair value adjustments, including interest earned, on these originated loans are reflected in the revenues of our Portfolio Management segment until final disposition.

Our Portfolio Management segment provides product development, loan securitization, loan sales, risk management, servicing oversight, and asset management services to the Company. Our Portfolio Management team acts as the connector between borrowers and investors. The direct connections to investors, provided primarily by our Financial Industry Regulatory Authority (“FINRA”) registered broker-dealer, allow us to innovate and manage risk through better price and product discovery. Given our scale, we are able to work directly with investors and, where appropriate, retain assets on the balance sheet for attractive return opportunities. These retained investments are a source of growing and recurring interest and other servicing-related income. The Portfolio Management segment primarily generates revenue from the net interest income and fair value changes on portfolio assets, monetized through securitization, sale, or other financing of those assets.

Corporate and Other

Corporate and Other consists of our corporate services groups that support the operations of the Company, as well as certain inter-segment revenues and expenses that are eliminated in the condensed consolidated financial statements.

The Company’s segments are based upon the Company’s organizational structure which focuses primarily on the services offered. Corporate functional expenses are allocated to individual segments based on the actual cost of services performed using direct resource utilization, estimated percentage use for shared services, or headcount percentage for certain functions. Non-allocated corporate expenses include administrative costs of executive management and other corporate functions that are not directly attributable to the Company’s reportable segments. Revenues generated on inter-segment services performed are valued based on similar services provided to external parties.

13. Liquidity and Capital Requirements

Compliance Requirements

FAR

As an issuer of HMBS, FAR is subject to minimum net worth, liquidity, and leverage requirements as well as minimum insurance coverage established by Ginnie Mae.

The minimum net worth required is $5.0 million plus 1% of FAR’s outstanding HMBS and unused commitment authority from Ginnie Mae. The liquidity requirement is for 20% of FAR’s required net worth to be in the form of cash or cash equivalent assets. The leverage requirement is to maintain a ratio of net worth to total assets of at least 6%.

The minimum net worth required of FAR by Ginnie Mae was $254.4 million as of September 30, 2026. FAR’s actual net worth calculated based on Ginnie Mae guidance was $388.0 million as of September 30, 2026. The minimum liquidity required of FAR by Ginnie Mae was $50.9 million as of September 30, 2026. FAR’s actual cash and cash equivalents were $74.4 million as of September 30, 2026. FAR’s actual ratio of net worth to total assets was below the Ginnie Mae requirement due to the Company’s determination that HECM loans transferred into HMBS as well as its HECM buyout and non-agency reverse mortgage loan securitizations do not meet the requirements of sale accounting and are not derecognized upon transfer. Accordingly, FAR requested and received a waiver from Ginnie Mae for the leverage ratio requirement. In addition, FAR is required to maintain both fidelity bond and errors and omissions insurance coverage at tiered levels based on the aggregate UPB of the loans serviced by FAR throughout the year. FAR is required to conduct compliance testing at least quarterly to ensure compliance with the foregoing requirements. As of September 30, 2026, FAR was in compliance with all Ginnie Mae requirements.

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

FOA Securities

Finance of America Securities LLC (“FOA Securities”), one of the operating service subsidiaries of Incenter, operates in a highly regulated environment and is subject to federal and state laws, SEC rules, and FINRA rules and guidance. Applicable laws and regulations restrict permissible activities and require compliance with a wide range of financial and customer-related protections. The consequences of noncompliance can include substantial monetary and nonmonetary sanctions. In addition, FOA Securities is subject to comprehensive examination by its regulators. These regulators have broad discretion to impose restrictions and limitations on the operations of the Company and to impose sanctions for noncompliance. FOA Securities is subject to the SEC’s Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital. FOA Securities computes net capital under the alternative method. Under this method, the required minimum net capital is $250 thousand. As of September 30, 2026, FOA Securities was in compliance with the minimum net capital requirement.

Additionally, FOA Securities claims the exemption provision of Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because FOA Securities’ other business activities are limited to (1) proprietary trading; (2) receiving transaction-based compensation for referring securities transactions to other broker-dealers; and (3) participating in distributions of securities (other than firm commitment underwritings) in accordance with the requirements of paragraphs (a) or (b)(2) of Rule 15c2-4.

14. Related Party Transactions

Promissory Notes

On August 4, 2025, the Company entered into an unsecured working capital promissory note with Libman Family Holdings, LLC (“LFH”), an affiliate of the Company (the “LFH Promissory Note”). On August 4, 2026, the LFH Promissory Note was amended and restated. The amended and restated LFH Promissory Note provides for an uncommitted revolving facility of up to $20.0 million, provided that the Company may request that LFH grant a one-time temporary increase in the facility of up to $30.0 million for a period not to exceed 90 days, which, if granted, would result in an uncommitted revolving facility of up to $50.0 million. The amended and restated LFH Promissory Note accrues interest at a rate of 10% per annum and matures on August 4, 2027. Borrowings under the LFH Promissory Note were $20.0 million as of both September 30, 2026 and December 31, 2025 and were recorded in Notes payable in the Condensed Consolidated Statements of Financial Condition. The Company paid $0.6 million and $1.5 million of interest related to the LFH Promissory Note during the three and nine months ended September 30, 2026, respectively, compared to $0.3 million for both the three and nine months ended September 30, 2025.

Additionally, on August 4, 2025, the Company repaid and terminated itstwo outstanding working capital promissory notes with LFH and BTO Urban Holdings L.L.C., which was an affiliate of the Company. For the three and nine months ended September 30, 2025, the Company paid $4.0 million and $8.5 million, respectively, of interest related to these promissory notes.

Secured Notes

The Company had $67.1 million of secured notes payable to LFH as of both September 30, 2026 and December 31, 2025, recorded in Notes payable in the Condensed Consolidated Statements of Financial Condition. The Company paid $3.2 million of interest to LFH related to the secured notes during the nine months ended September 30, 2026, compared to $3.4 million during the nine months ended September 30, 2025. There wasno interest paid to LFH related to the secured notes during the three months ended September 30, 2026 and 2025.

Repurchase Agreement

On August 4, 2025, the Company entered into a repurchase agreement (the “Repurchase Agreement”) with FOA Equity, Blackstone Tactical Opportunities Associates - NQ L.L.C., BTO Urban Holdings L.L.C., Blackstone Family Tactical Opportunities Investment Partnership - NQ ESC L.P., and BTO Urban Holdings II L.P. (collectively, the “Blackstone Investor”), which were deemed affiliates of the Company. Pursuant to the Repurchase Agreement, the Company agreed to purchase (the “Repurchase”) all of the Blackstone Investor’s shares of Class A Common Stock of the Company, Class B Common Stock of the Company, Class A LLC Units, and rights to receive shares of Class A Common Stock and Class A LLC Units pursuant to the Transaction Agreement, dated as of October 12, 2020 (the “Earnout Rights” and, together with such shares of Class A Common Stock, shares of Class B Common Stock, and Class A LLC Units, the “Sold Equity”), and the Tax Receivable Agreement, dated April 1, 2021 (the “Blackstone Tax Receivable Agreement”), between the Company and the Blackstone Investor was to be terminated. Each share of Class A Common Stock and each Class A LLC Unit was to be purchased for $10.00 per share or Class A LLC

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

Unit, and the shares of Class B Common Stock and Earnout Rights were to be purchased forno additional consideration, for total consideration of $80,298,170.

On November 13, 2025, the Company entered into an amended and restated version of the Repurchase Agreement with FOA Equity and the Blackstone Investor (the “Amended and Restated Repurchase Agreement”). Pursuant to the Amended and Restated Repurchase Agreement, the Repurchase was completed intwo closings on December 4, 2025 and February 27, 2026, with the price for the Class A Common Stock and Class A LLC Units purchased at the second closing increased by a fixed rate per annum equal to 15.00% accruing monthly from the date of the first closing. The Company repurchased the Sold Equity from the Blackstone Investor for total consideration of $81.7 million, reflecting the contractual increase in consideration applicable to the second closing. In connection with the closings, the repurchased Class A Common Stock and Class B Common Stock were retired, the Blackstone Tax Receivable Agreement was terminated, and the Blackstone Investor was no longer a related party of the Company.

15. Earnings (Loss) Per Share

The following tables reconcile the numerators and denominators used in the computations of both basic and diluted earnings (loss) per share (in thousands, except share data):

(1)The Class A LLC Units, held by certain unitholders (the “Equity Capital Unitholders”), comprise the noncontrolling interest in the Company. Therefore, the numerator was adjusted to reduce net income (loss) by the amount of net income (loss) attributable to noncontrolling interest.

Additionally, the Class B Common Stock does not participate in the earnings or losses of the Company and, therefore, is not a participating security. The Class B Common Stock has not been included in either the basic or diluted earnings (loss) per share calculations.

(2)The numerator for continuing operations was adjusted to reduce net income (loss) by the Preferred Stock dividends. The Preferred Stock does not participate in the earnings or losses of the Company and, therefore, is not a participating security.

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

(1)For the three and nine months ended September 30, 2026 and 2025, this adjustment assumes the reallocation of noncontrolling interest income (loss), on an after-tax basis, resulting from the assumed exchange or conversion, if dilutive, of all outstanding Class A LLC Units, Exchangeable Secured Notes, Convertible Notes, and Preferred Stock into shares of Class A Common Stock of FOA as of the beginning of each respective period or, if later, the applicable issuance date. The adjustment is calculated using the if-converted method for diluted earnings (loss) per share.

The assumed exchange of all Class A LLC Units outstanding for shares of Class A Common Stock was dilutive for the three and nine months ended September 30, 2026 and 2025. Accordingly, reallocation adjustments of $(50.7) million and $(56.7) million to net income (loss) from continuing operations attributable to the controlling interest were included in the numerator

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

of diluted earnings (loss) per share for the three and nine months ended September 30, 2026, respectively, compared to $(14.5) million and $47.4 million for the three and nine months ended September 30, 2025, respectively.

The assumed exchange of all Exchangeable Secured Notes outstanding for shares of Class A Common Stock was anti-dilutive for the three and nine months ended September 30, 2026 and the three months ended September 30, 2025, but was dilutive for the nine months ended September 30, 2025. Accordingly, reallocation adjustments of $(10.7) million and $(13.2) million to net loss from continuing operations attributable to the controlling interest were excluded from the numerator of diluted loss per share for the three and nine months ended September 30, 2026, respectively, and the reallocation adjustment of $(2.8) million was excluded from the numerator for the three months ended September 30, 2025. The reallocation adjustment of $9.5 million was included in the numerator of diluted earnings per share for the nine months ended September 30, 2025.

The assumed conversion of all Convertible Notes outstanding for shares of Class A Common Stock was dilutive for the three and nine months ended September 30, 2026, but was anti-dilutive for the three and nine months ended September 30, 2025. Accordingly, reallocation adjustments of $(4.5) million and $(6.3) million to net loss from continuing operations attributable to the controlling interest were included in the numerator of diluted loss per share for the three and nine months ended September 30, 2026, respectively. The reallocation adjustments of $(0.9) million and $0.7 million were excluded from the numerator of diluted earnings (loss) per share for the three and nine months ended September 30, 2025, respectively.

The assumed conversion of all Preferred Stock outstanding for shares of Class A Common Stock was anti-dilutive for the three and nine months ended September 30, 2026. Accordingly, reallocation adjustments of $(3.5) million and $(4.3) million to net loss from continuing operations attributable to the controlling interest were excluded from the numerator of diluted loss per share for the three and nine months ended September 30, 2026, respectively.

(2)As the Exchangeable Secured Notes are participating securities, the Company calculates diluted earnings (loss) per share assuming their exchange for shares of Class A Common Stock of FOA using the more dilutive of either the if-converted method or the two-class method. If dilutive, interest expense attributable to the controlling interest related to the Exchangeable Secured Notes, including amortization of debt discount and issuance costs, and net of income tax effects, is added back to the numerator of diluted earnings (loss) per share from continuing operations.

The Company, in its discretion, may elect to settle any exchange of the Exchangeable Secured Notes, in part or in whole, by delivering the cash value of the shares of Class A Common Stock otherwise deliverable upon such exchange. If dilutive, the denominator of diluted earnings (loss) per share assumes that all Exchangeable Secured Notes were converted into Class A Common Stock of FOA at the beginning of the reporting period.

The Company had 5,337,928 potentially dilutive shares related to the Exchangeable Secured Notes for each of the three and nine months ended September 30, 2026 and 2025. The potentially dilutive shares related to the Exchangeable Secured Notes were anti-dilutive for the three and nine months ended September 30, 2026 and the three months ended September 30, 2025 and were excluded from the computation of diluted loss per share. Accordingly, $2.2 million and $6.3 million of interest expense related to the Exchangeable Secured Notes, including amortization of debt discount and issuance costs, and net of income tax effects, were not added back to the numerator in calculating diluted loss per share for the three and nine months ended September 30, 2026, respectively, and $1.9 million of interest expense was not added back to the numerator for the three months ended September 30, 2025. The assumed exchange of all Exchangeable Secured Notes outstanding for shares of Class A Common Stock was dilutive for the nine months ended September 30, 2025.

(3)As the Convertible Notes are not participating securities, the Company calculates diluted earnings (loss) per share assuming their conversion into shares of Class A Common Stock of FOA using the if-converted method. If dilutive, the fair value adjustment related to the Convertible Notes, net of income tax effects, is reversed from the numerator of diluted earnings (loss) per share from continuing operations. If dilutive, the denominator of diluted earnings (loss) per share assumes that all Convertible Notes were converted into Class A Common Stock of FOA at the beginning of the reporting period or, if later, the issuance date of the Convertible Notes.

The Company had 1,944,444 and 2,128,611 dilutive shares related to the Convertible Notes for the three and nine months ended September 30, 2026, respectively, compared to 1,400,966 and 472,120 potentially dilutive shares for the three and nine months ended September 30, 2025, respectively. The potentially dilutive shares related to the Convertible Notes were anti-dilutive for the three and nine months ended September 30, 2025 and were excluded from the computation of diluted earnings (loss) per share. Accordingly, the fair value adjustment of $7.2 million, net of income tax effects, was not reversed for the three and nine months ended September 30, 2025.

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

(4)As the Preferred Stock is not a participating security, the Company calculates diluted loss per share assuming its conversion into shares of Class A Common Stock of FOA using the if-converted method. If dilutive, the Preferred Stock dividends are added back to the numerator of diluted loss per share from continuing operations. If dilutive, the denominator of diluted loss per share assumes that all Preferred Stock was converted into Class A Common Stock of FOA at the beginning of the reporting period.

The Company had 1,428,571 potentially dilutive shares related to the Preferred Stock for each of the three and nine months ended September 30, 2026. The potentially dilutive shares related to the Preferred Stock were anti-dilutive for the three and nine months ended September 30, 2026 and were excluded from the computation of diluted loss per share. Accordingly, $1.1 million and $3.4 million of Preferred Stock dividends were not added back to the numerator in calculating diluted loss per share for the three and nine months ended September 30, 2026, respectively.

(5)The exchange agreement between FOA, FOA Equity, and the Equity Capital Unitholders (the “Exchange Agreement”) allows for the exchange of Class A LLC Units held by Equity Capital Unitholders, representing the noncontrolling interest, on aone-for-one basis for shares of Class A Common Stock of FOA. For the three and nine months ended September 30, 2026 and 2025, the diluted weighted average shares outstanding of Class A Common Stock includes the effects of the if-converted method to reflect the provisions of the Exchange Agreement and assumes the Class A LLC Units held by Equity Capital Unitholders, representing the noncontrolling interest, exchange their Class A LLC Units on aone-for-one basis for shares of Class A Common Stock of FOA.

(6)The Company had 377,309 and 468,811 potentially dilutive shares related to RSUs under the treasury stock method for the three and nine months ended September 30, 2026, respectively, compared to 640,545 and 725,082 potentially dilutive shares for the three and nine months ended September 30, 2025, respectively. The potentially dilutive shares related to RSUs were anti-dilutive for the three and nine months ended September 30, 2026 and the three months ended September 30, 2025 and were excluded from the computation of diluted loss per share.

The Company had 1,450,000 potentially dilutive shares related to options under the treasury stock method for both the three and nine months ended September 30, 2026, compared to 720,000 potentially dilutive shares for both the three and nine months ended September 30, 2025. The potentially dilutive shares related to the options were anti-dilutive for the three and nine months ended September 30, 2026 and 2025 and were excluded from the computation of diluted earnings (loss) per share.

16. Subsequent Events

Senior Secured Notes

In October 2026, the Company elected to extend the maturity date of $90.8 million of its senior secured notes (the “Senior Secured Notes”) from November 30, 2026 to November 30, 2027, in accordance with the terms of the Senior Secured Notes indenture. The remaining $60.0 million principal amount of the Senior Secured Notes will mature on November 30, 2026.