Ocwen Financial Corporation functions as a financial services firm, specializing in the creation and administration of mortgage loans. Its operations span the ...
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EPS $2.50 · Revenue $249.80M
EPS $4.13 · Revenue $976.00M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.1B | +9.3% | +1.5% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $185.4M | +455.1% | -94.7% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +70.0% | -1.2% | +3.1% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +23.9% | -8.4% | +19.5% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +17.4% | +407.9% | -94.8% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-748.0M | -30.4% | -231.0% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -70.1% | -19.3% | -226.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 0.0% | — | — |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | — | — | — |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $16.2B | -1.6% | +9.7% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 21.27 vs 7.33 | +190.3% | 0.00 vs 1.88 | -100.0% |
| Revenue Surprise | $1.1B vs $1.2B | -8.0% | $294.3M vs $287.2M | +2.5% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| May 21, 2025 | Merkle Claudia J | director | Common Stock | A | 3,188 | — |
| May 21, 2025 | BRITELL JENNE K | director | Common Stock | A | 3,188 | — |
| May 21, 2025 | Bowers Alan J | director | Common Stock | A | 3,188 | — |
| May 21, 2025 | Busquet Jacques J | director | Common Stock | A | 3,188 | — |
| May 21, 2025 | Soaries DeForest B. Jr. | director | Common Stock | A | 3,188 | — |
Operator: Hello, and welcome, everyone, joining today's Onity Group's First Quarter Earnings and Business Update Conference Call. [Operator Instructions] Please note, this call is being recorded, and we are standing by if you should need any assistance. It is now my pleasure to turn the meeting over to Valerie Haertel, Vice President, Investor Relations. Please go ahead. Valerie Haertel: Good morning, and welcome to Onity Group's first quarter 2026 earnings call. Please note that our earnings release and presentation are available on our website at onitygroup.com. Speaking on the call will be Chair, President, and Chief Executive Officer, Glen Messina; and Chief Financial Officer, Sean O'Neil. As a reminder, our comments today may contain forward-looking statements made pursuant to the safe harbor provisions of the federal securities laws. These statements may be identified by reference to a future period or by use of forward-looking terminology and address matters that are uncertain. Forward-looking statements speak only as of the date they are made and involve assumptions, risks, and uncertainties, including those described in our SEC filings. In the past, actual results have differed materially from those suggested by forward-looking statements, and this may happen again. In addition, the presentation and our comments contain references to non-GAAP financial measures, such as adjusted pretax income. We believe these non-GAAP measures provide a useful supplement to discussions and analysis of our financial condition because they are measures that management uses to assess the performance of our operations and allocate resources. Non-GAAP measures should be viewed in addition to and not as an alternative for the company's reported GAAP results. A reconciliation of these non-GAAP measures to their most directly comparable GAAP measures and management's reasons for including them may be found in the press release and the appendix to the investor presentation. Now I will turn the call over to Glen Messina. Glen Messina: Thanks, Valerie. Good morning, everyone, and thank you for joining our call. We're looking forward to sharing our results for the first quarter, as well as reviewing our strategy and financial objectives to deliver long-term value for our shareholders. Let's get started on Slide 3. In the first quarter, we delivered double-digit year-over-year growth in adjusted revenue, origination volume, subservicing additions, and total servicing UPB. Our balanced business performed well in the face of record prepayments with origination profitability partially offsetting higher MSR runoff in servicing. First quarter results were impacted by heightened interest rate and financial market volatility, higher-than-expected refinancing activity, and increased FHA late-stage delinquencies driven by recent changes to the FHA loan modification rules. We are taking decisive actions to address these items while continuing to execute on our growth …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Glen A. Messina | Chief Executive Officer, President & Chair of the Board | USD 2,589,961 | Male | 1962 | Active |
Sean Bradley O'Neil | Executive Vice President & Chief Financial Officer | USD 1,369,388 | Male | 1966 | Active |
Scott William Anderson | Executive Vice President & Chief Servicing Officer | USD 1,084,650 | Male | 1969 | Active |
Dennis Zeleny | Executive Vice President & Chief Administrative Officer | USD 1,073,650 | Male | 1955 | Active |
Andrew James Peach | Executive Vice President of Originations & Chief Lending Officer | — | Male | 1966 | Active |
Francois Grunenwald | Senior Vice President & Chief Accounting Officer | — | Male | 1972 | Active |
Joseph J. Samarias | Chief Ethics Officer, Chief Legal Officer, Executive Vice President & Company Secretary | — | Male | 1972 | Active |
Michael K. Short | Vice President of Business Development and Investor Relations | — | Male | — | Active |
Stephen C. Swett | Investors Contact | — | Male | — | Active |
Jenna D Evans | Executive Vice President, Chief Risk & Compliance Officer | — | Female | 1981 | Active |
Aaron D. Wade | Executive Vice President & Chief Investment Officer | — | Male | 1971 | Active |
