Operating Segments was Finance of America Companies’s largest revenue line in fiscal 2025, bringing in $907.51M of $733.35M (124%).
| Operating Activities | FY 2019 | FY 2020 | FY 2021 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Segments | $899.07M | $445.53M | $618.94M | $907.51M | ||||
| Eliminations | -$81.41M | -$24.38M | -$1.48M | -$1.48M | ||||
| Elim | — | — | — | — | ||||
| Corporate & Other | — | -$64.48M | $50.09M | -$172.69M | ||||
| Total | $817.66M | $356.67M | $667.55M | $733.35M |
Finance of America Companies brought in $733.35M from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 9.9% from $667.55M in fiscal 2024. Operating Segments was the largest at $907.51M (123.7%).
The total is net of Eliminations, which took $1.48M off revenue in fiscal 2025.
Mortgage Originations was Finance of America Companies’s largest segment in fiscal 2021, bringing in $1.92B of $3.84B (50%).
| Segment | FY 2020 | FY 2021 | FY 2021 |
|---|---|---|---|
| Mortgage Originations | $3.87B | $960.31M | $1.92B |
| Reverse Originations | $582.28M | $206.92M | $961.24M |
| Lender Services | $615.35M | $229.04M | $756.23M |
| Commercial Originations | $111.64M | $43.08M | $242.21M |
| Portfolio Management | $206.71M | $87.57M | -$35.79M |
| Total | $5.39B | $1.53B | $3.84B |
Finance of America Companies brought in $3.84B from its five segments in fiscal 2021, the year ended December 31, 2021. That was up 151.6% from $1.53B in fiscal 2021. Mortgage Originations was the largest at $1.92B (49.9%), ahead of Reverse Originations at $961.24M (25.0%) and Lender Services at $756.23M (19.7%). The remaining segment, Commercial Originations, brought in $242.21M.
Compared with fiscal 2021, Commercial Originations grew fastest, up 462.2% to $242.21M. Every segment above 2% of revenue grew.
The total is net of Portfolio Management, which took $35.79M off revenue in fiscal 2021.
Finance of America Companies (FOA) reports its revenue by operating activities and by segment. In fiscal 2025, Operating Segments was its largest revenue line, bringing in $907.51M (123.7% of the total).
Operating Segments was Finance of America Companies' largest revenue line in fiscal 2025, bringing in $907.51M, or 123.7% of the $733.35M total across its three revenue lines.
Mortgage Originations was Finance of America Companies' largest segment in fiscal 2021, bringing in $1.92B, or 49.9% of the $3.84B total across its five segments.
Every figure comes from Finance of America Companies' annual financial filings, as reported. Each line keeps the name Finance of America Companies gives it, and years follow its fiscal calendar.
Finance of America Companies' revenue by operating activities goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.