ONIT

MKT CAP:$400M

Onity Group Inc.

Market Cap

$400M

Financial Services·Financial - Mortgages·🇺🇸 United States·NYSE

Financials·Financial·🇺🇸·NYSE

Stock Price

$46.60+$2.47 (+5.60%)

Apr 22, 2026

Company Details

Onity Group Inc., a financial services company, originates and services forward and reserve mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through the Servicing and Origination...

CEO

Glen A. Messina

IPO Date

Sep 25, 1996

Website

www.onitygroup.com

Key Metrics TTM

Revenue

$1.2B

+10.4% YoY

Net Income

$190M

EPS (Diluted)

$21.18

Free Cash Flow

-$748M

Revenue / Share

$133.44

Gross Margin

60.3%

Operating Margin

23.3%

Net Margin

16.1%

FCF Margin

-63.4%

P/S

0.3x

P/E

2.1x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 17, 2026

$1.1B-0.2%EPS $21.46

Q4 2025

Feb 17, 2026

$308M+21.5%EPS $14.25

Q3 2025

Nov 6, 2025

$318M+9.5%EPS $2.03

Q2 2025

Aug 5, 2025

$279M+3.6%EPS $2.40

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$239M	$119M	$109M
Q2 22	$232M	$91M	$72M
Q3 22	$263M	$123M	$100M
Q4 22	$265M	$127M	-$115M
Q1 23	$276M	$140M	$31M
Q2 23	$292M	$149M	$0
Q3 23	$282M	$136M	$0
Q4 23	$295M	$160M	$25M
Q1 24	$257M	$121M	$73M
Q2 24	$269M	$127M	$59M
Q3 24	$290M	$145M	$72M
Q4 24	$254M	$103M	$43M
Q1 25	$276M	$139M	$50M
Q2 25	$279M	$129M	$66M
Q3 25	$318M	$156M	$64M
Q4 25	$308M	$288M	$95M

Valuation

Quarter	P/S	P/E
Q1 22	0.2x	2.8x
Q2 22	0.2x	2.2x
Q3 22	0.2x	1.9x
Q4 22	0.2x	7.5x
Q1 23	0.2x	—
Q2 23	0.2x	—
Q3 23	0.2x	—
Q4 23	0.2x	—
Q1 24	0.2x	29.1x
Q2 24	0.2x	114.8x
Q3 24	0.2x	17.2x
Q4 24	0.2x	7.0x
Q1 25	0.2x	9.8x
Q2 25	0.3x	8.1x
Q3 25	0.3x	9.5x
Q4 25	0.3x	1.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$198M	$133M
Q2 22	$113M	$112M
Q3 22	-$40M	-$114M
Q4 22	-$45M	-$47M
Q1 23	-$207M	-$239M
Q2 23	-$441M	-$464M
Q3 23	$377M	$340M
Q4 23	$282M	$251M
Q1 24	-$297M	-$324M
Q2 24	-$118M	-$118M
Q3 24	$19M	-$34M
Q4 24	-$218M	-$336M
Q1 25	-$148M	-$247M
Q2 25	-$599M	-$652M
Q3 25	$230M	$140M
Q4 25	-$231M	$10M

Capital Expenditures

Quarter	CapEx
Q1 22	$66M
Q2 22	$800.0K
Q3 22	$74M
Q4 22	$2M
Q1 23	$32M
Q2 23	$23M
Q3 23	$38M
Q4 23	$30M
Q1 24	$27M
Q2 24	$300.0K
Q3 24	$53M
Q4 24	$118M
Q1 25	$98M
Q2 25	$53M
Q3 25	$89M
Q4 25	$240M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+12.8%	-11.8%
Q2 22	-14.0%	-37.3%
Q3 22	-9.5%	-14.8%
Q4 22	-12.8%	+42.0%
Q1 23	+15.6%	+89.5%
Q2 23	+26.1%	+82.4%
Q3 23	+6.9%	+71.8%
Q4 23	+11.2%	-29.0%
Q1 24	-7.0%	-25.3%
Q2 24	-8.0%	-28.2%
Q3 24	+3.1%	-22.5%
Q4 24	-14.1%	-22.2%
Q1 25	+7.6%	+23.1%
Q2 25	+3.6%	+1.3%
Q3 25	+9.5%	+16.3%
Q4 25	+21.5%	+1.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	-$100.0K	-0.0%
Q2 22	$1M	0.6%
Q3 22	$2M	0.6%
Q4 22	$0	0.0%
Q1 23	$2M	0.8%
Q2 23	$2M	0.7%
Q3 23	$3M	1.0%
Q4 23	$3M	1.0%
Q1 24	$2M	0.8%
Q2 24	$0	0.0%
Q3 24	$900.0K	0.3%
Q4 24	$2M	0.8%
Q1 25	$2M	0.8%
Q2 25	$2M	0.8%
Q3 25	$2M	0.5%
Q4 25	-$10M	-3.2%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$37M	—
Q2 22	$33M	—
Q3 22	$44M	—
Q4 22	$35M	—
Q1 23	$36M	—
Q2 23	$4M	—
Q3 23	$34M	—
Q4 23	$33M	—
Q1 24	$32M	—
Q2 24	$31M	—
Q3 24	$38M	—
Q4 24	$35M	—
Q1 25	$46M	—
Q2 25	$32M	—
Q3 25	$43M	—
Q4 25	$36M	$79M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$269M	$0	$269M
Q2 22	$256M	$67M	$323M
Q3 22	$227M	$0	$227M
Q4 22	$208M	$0	$208M
Q1 23	$217M	$0	$217M
Q2 23	$213M	$0	$213M
Q3 23	$194M	$0	$194M
Q4 23	$202M	$0	$202M
Q1 24	$185M	$0	$185M
Q2 24	$203M	$0	$203M
Q3 24	$202M	$0	$202M
Q4 24	$185M	$0	$185M
Q1 25	$237M	$0	$237M
Q2 25	$194M	$0	$194M
Q3 25	$173M	$0	$173M
Q4 25	$181M	$0	$181M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	10M	+5.0%	+8.8%
Q2 22	9M	-3.1%	+4.1%
Q3 22	9M	-5.3%	-5.7%
Q4 22	8M	-15.1%	-18.2%
Q1 23	8M	+0.1%	-22.0%
Q2 23	8M	+5.1%	-15.4%
Q3 23	8M	+1.8%	-9.1%
Q4 23	8M	-4.7%	+2.1%
Q1 24	8M	+4.7%	+6.8%
Q2 24	8M	-1.6%	-0.0%
Q3 24	8M	+1.7%	-0.1%
Q4 24	8M	+0.4%	+5.2%
Q1 25	8M	+4.3%	+4.9%
Q2 25	9M	+1.2%	+7.8%
Q3 25	9M	+2.1%	+8.2%
Q4 25	9M	+1.5%	+9.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$41.9K	6K
Q2 22	$40.7K	6K
Q3 22	$46.2K	6K
Q4 22	$54.2K	5K
Q1 23	$56.3K	5K
Q2 23	$59.7K	5K
Q3 23	$57.4K	5K
Q4 23	$65.6K	5K
Q1 24	$57.0K	5K
Q2 24	$59.8K	5K
Q3 24	$64.5K	5K
Q4 24	$59.0K	4K
Q1 25	$64.2K	4K
Q2 25	$64.8K	4K
Q3 25	$73.9K	4K
Q4 25	$71.6K	4K

Revenue / Employee