Family Office of America, Inc. Reports Profitable First Quarter 2026 Financial Results

CENTENNIAL, Colo., May 18, 2026 (GLOBE NEWSWIRE) -- OTCMarkets: FOFA OTC  Markets: FOFA OTCMarkets: FOFA — Family Office of America, Inc. ("FOFA," "Family  Office of America," or the "Company") today announced financial results for the quarter ended March 31, 2026. 

First Quarter 2026 Financial Highlights 

• Net revenue totaled $783,126 for the three months ended March 31, 2026,  compared to no revenue in the prior year period. 

• Gross profit totaled $783,126. 

• Income from operations was $274,872, compared to an operating loss of  $(103,321) in the prior year period. 

• Net income totaled $263,789, or $0.01 basic and diluted earnings per share,  compared to a net loss of $(103,321), or $(0.00) per share, in the prior year  period. 

• EBITDA (a non-GAAP financial measure) totaled approximately $332,649 for  the first quarter of 2026. 

• Adjusted EBITDA (a non-GAAP financial measure), excluding stock-based  compensation and warrant expense, totaled approximately $360,462. • Cash and cash equivalents increased to $343,220 as of March 31, 2026,  compared to $155,798 as of December 31, 2025. 

• Stockholders’ equity increased to $966,111 as of March 31, 2026, compared  to $664,509 at year-end 2025. 

Patrick Adams, Chief Executive Officer of Family Office of America, stated: “We are very pleased to have achieved profitability within our second quarter of  operations and believe the Company is well-positioned to generate profitability on an  annual basis going forward. This is quite impressive for such a young growth  company. During the first quarter of 2026, we continued executing on our strategy to build a national family office and accounting services platform through both organic growth and strategic acquisitions. The successful integration of the Toone and  Benson acquisitions contributed to meaningful revenue growth and profitability during the quarter.”

Adams continued, “We remained focused on expanding our recurring revenue base,  strengthening our client relationships and identifying additional acquisitions. We  believe the market opportunity for integrated family office, accounting, tax  preparation, bookkeeping, and advisory services remains significant, particularly  among small and mid-sized businesses and high-net-worth clients seeking  personalized service.

“We are encouraged by our first quarter financial performance, including positive  operating cash flow and profitability, and we believe we are building a scalable  operating platform capable of supporting continued expansion.” Rico Conte, Director of Acquisitions added, “Our focus remains on identifying and  executing on additional acquisition opportunities that align with our long-term  growth objectives. We currently have a robust pipeline of opportunities and are in  ongoing communications across several of them, and we expect to execute on a  significant number this year.” Conte further stated, “To better enhance the product  offerings already available to Family Office of America clients we have been  developing a proprietary automation technology to serve our business clients, which  we intend to make available in the near future. This is a very exciting opportunity as  the industry continues to consolidate and automate toward better efficiency.”

Quarter 2026 Financial Results 

Net revenue for the three months ended March 31, 2026 was $783,126, compared to  no revenue for the same period in 2025. The increase was primarily attributable to  the Company’s acquisitions and expansion of accounting and family office related  services. 

Operating expenses for the first quarter of 2026 totaled $508,254, compared to  $103,321 during the prior year period. Operating expenses during the quarter  included general and administrative expenses of $477,648, stock-based  compensation expense of $16,439, warrant expense of $11,374, and marketing  expense of $2,793. 

Acquisition and Growth Strategy Update

During the quarter, the Company continued integrating assets acquired from Benson  Family Office & Accounting Services, LLC following the January 1, 2026 acquisition.  The Company believes the acquisition expands its service offerings and client base  while supporting its long-term growth strategy.

The Company also continued operations associated with Family Office of Maryland,  LLC and the previously announced acquisition of certain non-attest accounting assets  from Toone & Associates, LLP.

Non-GAAP Financial Measures 

This press release includes EBITDA and Adjusted EBITDA, which are non-GAAP  financial measures. The Company defines EBITDA as net income before interest  expense, income taxes, depreciation and amortization. Adjusted EBITDA further excludes non-cash stock-based compensation expense and warrant expense. Management believes these non-GAAP financial measures provide investors with  additional insight into the operational performance of the business and facilitate  period-to-period comparisons. These non-GAAP measures should not be considered  as alternatives to net income, operating income, cash flows from operations, or any  other measure of financial performance prepared in accordance with U.S. generally  accepted accounting principles (GAAP). 

The following table provides a reconciliation of net income to EBITDA and Adjusted EBITDA:

Three Months Ended March 31, 2026

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About Family Office of America, Inc.

Family Office of America, Inc. is focused on providing family office and related financial services, including accounting, tax preparation, bookkeeping, financial reporting, advisory, and related professional services to individuals and businesses.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the  federal securities laws. Forward-looking statements generally can be identified by  words such as “anticipates,” “believes,” “expects,” “intends,” “plans,” “may,” “will,”  “should,” “could,” “continue,” “potential,” and similar expressions. Such statements  are based upon current beliefs and expectations of management and are subject to significant risks and uncertainties. Actual results may differ materially from those set  forth in the forward-looking statements due to a variety of factors, including, but not  limited to, the Company’s ability to execute its growth strategy, integrate  acquisitions, obtain additional financing, generate revenue growth, maintain  profitability, and general economic and market conditions. Readers are cautioned not  to place undue reliance on these forward-looking statements, which speak only as of  the date hereof. The Company undertakes no obligation to update or revise any  forward-looking statements except as required by law. 

Investor Relations Contact:
Patrick Adams, CEO
‍Email: Patrick Adams

‍Family Office of America, Inc.
‍6898 S. University Blvd., Suite 100
Centennial, CO 80122
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