The strong adjusted EPS beat may drive short-term enthusiasm, but the revenue decline and GAAP net income drop warrant caution. Watch for sustainability of origination growth and fair value trends in the next quarter.
Price Chart
Executive Summary
FOA reported Q1 2026 adjusted EPS of $1.10, beating consensus of $0.84 by 31%, driven by strong origination gains and portfolio management. However, total revenue fell 28% YoY to $120M and GAAP net income declined 56%, creating a mixed picture.
Key Financial Metrics
Key Facts
- Adjusted EPS $1.10 vs consensus $0.84 (beat by 31%)
- Total revenues $120M, down 28% YoY from $166M
- GAAP basic EPS $1.93, diluted EPS $0.88; net income $35M down 56% YoY
- Funded volume $596M, up 6% YoY
- Tangible equity $268M, up 43% YoY
- Completed Blackstone equity repurchase in February 2026
Financial Impact
Adjusted EPS beat by $0.26 vs consensus; revenue declined $46M YoY
Risk Factors
- Continued revenue decline from fair value volatility
- Mortgage rate sensitivity impacting origination volume
- Non-GAAP adjustments masking GAAP profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-030502 |
| Document: foa-20260505.htm | 0001628280-26-030502 |
| Document: 0001628280-26-030502-index-headers.html | 0001628280-26-030502 |
| Document: 0001628280-26-030502-index.html | 0001628280-26-030502 |
| Document: 0001628280-26-030502.txt | 0001628280-26-030502 |
| 8-K Data (Synthetic) | 0001628280-26-030502 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 6w ago | Insider Cluster | $15.26 | awaiting T+60 | — | $10.77 (−29.42%) |
Aug 12, 2026 10w ago | Insider Cluster | $22.31 | awaiting T+60 | — | $10.77 (−51.73%) |
Aug 10, 2026 11w ago | Insider Cluster | $21.55 | awaiting T+60 | — | $10.77 (−50.02%) |
Jul 2, 2026 16w ago | Insider Cluster | $26.88 $13.02 | ▼ −51.56% | ▼ −53.28% | $10.77 (−59.93%) |
Jun 11, 2026 19w ago | Institutional Cluster | $20.21 $17.16 | ▼ −15.09% | ▼ −19.49% | $10.77 (−46.71%) |
May 5, 2026 25w ago | 8-K | $21.01 $22.75 | ▲ +8.28% | ▲ +6.22% | $10.77 (−48.74%) |
May 5, 2026 25w ago | 8-K | $21.01 $22.75 | ▲ +8.28% | ▲ +6.22% | $10.77 (−48.74%) |
Apr 1, 2026 29w ago | Insider Cluster | $17.20 $27.40 | ▲ +59.30% | ▲ +45.92% | $10.77 (−37.38%) |
Mar 13, 2026 32w ago | Insider Cluster | $16.30 $19.38 | ▲ +18.90% | ▲ +7.28% | $10.77 (−33.93%) |
Feb 27, 2026 34w ago | Insider Cluster | $19.35 $19.82 | ▼ −2.43% | ▲ +6.96% | $10.77 (+44.34%) |
US Market Status
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