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Onity Group Inc.

Onity Group Inc.

NYSE•ONIT
CEO: Mr. Glen A. Messina
Sector: Financial Services
Industry: Financial - Mortgages
Listing Date: 1996-09-25
Onity Group Inc., a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans. It also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. It serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. The company was formerly known as Ocwen Financial Corporation and changed its name to Onity Group Inc. in June 2024. Onity Group Inc. was founded in 1988 and is headquartered in West Palm Beach, Florida.
Contact Information
1661 Worthington Road, Suite 100, West Palm Beach, FL, 33409, United States
561-682-8000
www.onitygroup.com
Market Cap
$424.54M
P/E (TTM)
12.4
2.9
Dividend Yield
--
52W High
$54.10
52W Low
$25.50
52W Range
95%
Rank55Top 80.0%
2.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$317.90M+9.54%
4-Quarter Trend

EPS

$2.19-19.48%
4-Quarter Trend

FCF

$140.40M-517.86%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Originations Revenue Growth Originations revenue reached 105.2M USD for nine months, showing 33% growth driven by higher loan sales gain.
Book Value Per Share Rises Book value per share increased 11% to 62.21 USD as of September 30, 2025, reflecting net income contribution.
Total Revenue Increased Total revenue grew 3% to 776.7M USD for nine months, supported by stable servicing fees and strong origination gains.
Strong Liquidity Position Total liquidity stands at 221M USD, including 173M USD cash position, supporting near-term funding needs.

Risk Factors

Rithm Subservicing Non-Renewal Loss of Rithm subservicing ($33.0B UPB, 10% portfolio) effective January 2026 requires timely cost restructuring.
MSR Valuation Loss Impact Nine-month MSR valuation loss totaled 111.1M USD, driven by runoff expense and interest rate assumption changes.
Ongoing Litigation Exposure Accrual for probable legal matters, including litigation, stands at 27.7M USD; adverse resolution could materially affect operations.
Total Assets Decline Total assets decreased 2% to 16.11B USD since year-end, primarily due to runoff in reverse loans held for investment.

Outlook

Servicing Portfolio Growth Strategy Expect continued servicing portfolio growth through multi-channel origination, bulk MSR acquisitions, and new subservicing additions.
Focus on Cost Structure Strategy targets industry cost leadership through continuous process improvement, optimizing global operations, and AI-based solutions.
MSR Hedge Ratio Adjusted Targeted MSR hedge coverage ratio adjusted to 85% range (80%-100%) in May 2025 to manage interest rate volatility effectively.
Capital Light Growth Emphasis Emphasize capital-light subservicing growth to expand higher margin products and drive accretive MSR investments.

Peer Comparison

Revenue (TTM)

Onity Group Inc.ONIT
$1.13B
+1.4%
FS Bancorp, Inc.FSBW
$219.50M
+13.1%
PCB BancorpPCB
$206.18M
+10.8%

Gross Margin (Latest Quarter)

Orange County Bancorp, Inc.OBT
72.3%
+16.3pp
Plumas BancorpPLBC
68.7%
-20.5pp
Colony Bankcorp, Inc.CBAN
67.9%
+5.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ONIT$424.54M12.46.6%0.0%
OBT$397.46M10.916.0%0.0%
FMAO$347.80M10.99.2%7.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
7.8%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 11, 2026
|
EPS:-
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $317.90M+9.5%
    |
    EPS: $2.19-19.5%
    Meet

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $278.70M+3.6%
    |
    EPS: $2.55+91.7%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 30, 2025|
    Revenue: $276.00M+7.6%
    |
    EPS: $2.68-31.3%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 21, 2025|
    Revenue: $1.07B-6.6%
    |
    EPS: $4.28+151.3%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $290.20M+3.1%
    |
    EPS: $2.72+147.3%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $268.90M-8.0%
    |
    EPS: $1.33-34.2%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $256.60M-7.0%
    |
    EPS: $3.90-173.0%
    Meet

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 27, 2024|
    Revenue: $1.14B+14.5%
    |
    EPS: $-8.34-380.8%
    Miss