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TRA obligation at other companies

Blue Owl Capital logo
Blue Owl CapitalOWL
$95.75M-1.5%
AlTi Global, Inc. logo
AlTi Global, Inc.ALTI
$30.55M+3.1%
NuScale Power logo
NuScale PowerSMR
$582.72M
Ryan Specialty Holdings logo
Ryan Specialty HoldingsRYAN
$430.8M+1.8%
Shift4 Payments logo
Shift4 PaymentsFOUR
$20M+1,718%
Smith Douglas Homes logo
Smith Douglas HomesSDHC
-$136K

Other financials

Income statement

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Revenue$120.1M-27.5%
Net income$17.5M-42.0%
EPS (diluted)$0.88-63.8%

Balance sheet

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Cash & equivalents$376.6M+49.5%
Total debt$899.3M-10.9%
Total equity$438.1M+10.9%
Total assets$31.3B+5.5%

Cash flow

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Operating cash flow-$130.9M-42.1%
CapEx$461.0K-76.0%
Free cash flow-$132.7M-160%

Valuation

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Market cap$244.7M-4.9%
Enterprise value$767.43M-30.1%
P/E3.4×
P/S0.5×

Profitability

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Operating margin-0.5%
Net margin-858.3%-1,072pp
FCF margin883.8%+882pp

Returns & leverage

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Return on equity-58.5%+115pp
Debt / equity2.1×-0.5×
Current ratio0.1×

Where this comes from

Reported directly by Finance of America Companies in its filing.

Tagged under the XBRL concept foa:TaxReceivableAgreementObligationFairValue.

The official record: Finance of America Companies’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Finance of America Companies's TRA obligation?
Finance of America Companies (FOA) reported TRA obligation of $4.52M in Q1 2026.
What is the long-term trend for Finance of America Companies's TRA obligation?
Over 3 years (2021 to 2025), Finance of America Companies's TRA obligation has grown at a -49.0% compound annual growth rate (CAGR), from $29.4M to $3.9M.
What does TRA obligation mean?
The fair value of the liability owed to pre-IPO shareholders under a Tax Receivable Agreement, typically triggered by tax savings realized by the company. This metric represents a significant future cash outflow that is dependent on the company's taxable income. It is a critical factor for investors analyzing the company's free cash flow and long-term capital obligations.