Finance of America Companies (FOA) Rent Expense (2020 - 2023)

Finance of America Companies (FOA) has 4 years of Rent Expense data on file, last reported at $2.1 million in Q3 2023.

• Quarterly Rent Expense rose 33.06% year-over-year to $2.1 million in Q3 2023, while the trailing twelve-month figure through Sep 2023 was $29.5 million (up 44.05% YoY) and the FY2022 annual result came in at $28.4 million, up 21.38% from the prior year.
• Rent Expense slipped to $2.1 million in Q3 2023, from $2.6 million in the prior quarter.
• In the past five years, Rent Expense ranged from a high of $22.9 million in Q4 2022 to a low of $1.6 million in Q3 2022.
• A 4-year average of $6.7 million and a median of $6.7 million in 2021 frame the typical range for Rent Expense.
• Annual changes were most pronounced in 2021 — Rent Expense soared 83.32% — and 2022, when it plunged 89.5%.
• Tracing FOA's Rent Expense over 4 years: stood at $6.8 million in 2020, then surged by 119.79% to $15.0 million in 2021, then jumped by 52.8% to $22.9 million in 2022, then tumbled by 90.85% to $2.1 million in 2023.
• The last three Rent Expense figures came in at $2.1 million (Q3 2023), $2.6 million (Q2 2023), and $1.9 million (Q1 2023), per Business Quant data.