Onity Group Inc. operates as a financial services firm focused on the creation and administration of both conventional (forward) and reverse mortgage ...
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Est. EPS $1.29 · Revenue $276.53M · 2 analysts
Est. EPS $1.88 · Revenue $284.17M · 2 analysts
Est. EPS $2.21 · Revenue $1.09B · 1 analysts
Est. EPS $0.61 · Revenue $276.05M · 1 analysts
EPS $2.50 · Revenue $276.00M
| 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 | -0.2% | -3.9% |
| 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. | $189.5M | +459.0% | -256.6% |
| 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. | +94.5% | +103.8% | -1.9% |
| 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). | +55.3% | +138.6% | -18.0% |
| 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. | +17.8% | +460.4% | -262.9% |
| 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. | $-1.1B | -63.2% | +81.4% |
| 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. | -105.4% | -63.6% | +80.7% |
| 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. | 2416.9% | -19.2% | -35.0% |
| 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. | 51.26x | -4.0% | -75.5% |
| 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% | -30.4% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 21.46 vs 9.70 | +121.4% | -1.53 vs 1.29 | -218.3% |
| Revenue Surprise | $1.1B vs $1.1B | +0.4% | $282.9M vs $276.5M | +2.3% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 23, 2026 | Wessel Aulene | officer: Chief Accounting Officer | Restricted Stock Units | D | 1,844 | — |
| Aug 23, 2026 | Wessel Aulene | officer: Chief Accounting Officer | Common Stock | A | 1,844 | — |
| Aug 23, 2026 | Wessel Aulene | officer: Chief Accounting Officer | Common Stock | D | 1,844 | — |
| Jun 13, 2026 | O'Neil Sean Bradley | officer: EVP & Chief Financial Officer | Common Stock | A | 12,887 | — |
| Jun 13, 2026 | O'Neil Sean Bradley | officer: EVP & Chief Financial Officer | Common Stock | D | 5,071 | $36.63 |
Operator: Hello, and welcome, everyone, joining today's Onity Group's Second Quarter Earnings and Business Update Conference Call. [Operator Instructions] Please note, this call is being recorded. [Operator Instructions] 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 Second 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, which speak only as of the date they are made, may be identified by reference to a future period or by use of forward-looking terminology and address matters involving assumptions, risks and uncertainties, including those described in our SEC filings. 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 the 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. We made changes to our non-GAAP methodology this quarter and encourage you to review the presentations note regarding non-GAAP financial measures. Now I will turn the call over to Glen Messina. Glen Messina: Thanks, Valerie. Good morning and thank you for joining our call. We're looking forward to sharing our results for the second 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 second quarter, our sound strategy and strong operating fundamentals delivered double-digit year-over-year revenue growth and record origination volume. Our balance business performed well with rising interest rates driving increased adjusted pretax income and servicing, offsetting declining adjusted pretax income and origination. We're excited to report we've completed the reverse asset sale to Finance of America, as well as transferred most of the legacy subservicing back to Rithm. We believe these transactions simplify the business, improve profitability and focus an increased strategic flexibility. The second quarter net loss includes roughly $33 million of pretax costs related to these transactions, as well as …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Glen A. Messina | Chief Executive Officer, President & Chair of the Board | USD 3,080,964 | Male | 1962 | Active |
Sean Bradley O'Neil | Executive Vice President & Chief Financial Officer | USD 1,455,310 | Male | 1966 | Active |
Dennis Zeleny | Executive Vice President & Chief Administrative Officer | USD 1,178,750 | Male | 1955 | Active |
Scott William Anderson | Executive Vice President & Chief Servicing Officer | USD 1,115,500 | Male | 1969 | Active |
Aaron D. Wade | Executive Vice President & Chief Investment Officer | USD 1,112,712 | Male | 1971 | Active |
Valerie C. Haertel | Vice President of Investor Relations | — | Female | — | Active |
Aulene Wessel | Senior Vice President & Chief Accounting Officer | — | Female | 1983 | Active |
Jenna D. Evans | Executive Vice President, Chief Risk & Compliance Officer | — | Female | 1981 | Active |
Joseph J. Samarias | Chief Ethics Officer, Chief Legal Officer, Executive Vice President & Company Secretary | — | Male | 1973 | Active |
Richard J. Bradfield | Executive Vice President & Chief Growth Officer | — | Male | 1970 | Active |
WEST PALM BEACH, Fla., July 28, 2026 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) today announced that it will hold a conference call on Thursday, August 6, 2026 at 8:30 a.m. (ET) to review the Company's second quarter 2026 operating results and provide a business update.
I'm upgrading Onity to a buy, as I expect the servicing business to recover from stagnant growth in response to elevated interest rates. While the firm is an obvious beneficiary of high interest rates, the market seems to not appreciate the upside potential as the stock still trades at a discount to book value. To take advantage of this discounted valuation, management aims to use proceeds from asset sales to fund repurchases, protecting investors against further price drops.
PLANO, Texas--(BUSINESS WIRE)--Finance of America Reverse LLC ("Finance of America" or the “Company”), a subsidiary of Finance of America Companies Inc. (NYSE: FOA) and the nation's leading provider of home equity-based retirement solutions, today announced the completion of its acquisition of reverse mortgage servicing rights (MSRs) from Onity Group Inc.'s subsidiary, Onity Mortgage Corporation. The all-cash transaction includes approximately 20,000 Ginnie Mae home equity conversion mortgage l.
Sells reverse mortgage assets and enters into subservicing agreement Net proceeds from the transaction of $70 to $80 million WEST PALM BEACH, Fla., July 01, 2026 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) today announced that its subsidiary, Onity Mortgage Corporation (“Onity Mortgage”), has completed the previously announced transaction with Finance of America Reverse LLC (“FAR”), effective June 30, 2026.
WEST PALM BEACH, Fla., June 10, 2026 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”) today announced that Sean O'Neil, Executive Vice President and Chief Financial Officer of Onity Group, will present at the virtual Sidoti Small Cap Conference on June 17, 2026 and host investor meetings with Valerie Haertel, Vice President, Head of Investor Relations.
