Quarterly ResultAug 6, 2026, 06:51 AM
Onity Group Q2 Net Loss $13M; Revenue $283M
AI Summary
Onity Group Inc. announced its second quarter 2026 results, reporting a net loss of $13 million, or ($1.53) diluted EPS, despite a 15% increase in total revenue to $283 million. The company achieved an adjusted pre-tax income of $14 million and saw significant operational growth with record origination volume and substantial subservicing additions. Strategic actions included a reverse asset sale and legacy subservicing transfer, which contributed to the net loss but are intended to simplify the business and improve profitability.
Key Highlights
- Net loss attributable to common stockholders was $13 million, with diluted EPS of ($1.53).
- Total revenue reached $283 million, marking a 15% increase compared to Q2 2025.
- Adjusted pre-tax income was $14 million, resulting in an annualized adjusted ROE of 9%.
- Total servicing additions amounted to $42 billion, including $15 billion in originations, up 64% year-over-year.
- Ending servicing UPB grew 10% to $341 billion compared to Q2 2025.
- Completed reverse asset sale for approximately $77 million in net proceeds.
- Repurchased 141,343 shares of common stock for $5.8 million.
- Book value per share increased to $73, up $13 from Q2 2025.
Price Impact
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