Quarterly ResultAug 6, 2026, 06:46 AM
Onity Q2 Net Loss $13M; Revenue Up 15% to $283M; Record Originations
AI Summary
Onity Group reported a net loss of $13 million for Q2 2026, or diluted EPS of ($1.53). Despite this, total revenue increased 15% to $283 million, and adjusted revenue rose 24% to $281 million, driven by record origination volume and significant subservicing additions. The company also strategically repositioned its business through asset sales and legacy subservicing transfers, while maintaining its adjusted ROE guidance range at 10% - 15%, expecting the lower end.
Key Highlights
- Net loss attributable to common stockholders: $13 million.
- Total revenue: $283 million, up 15% vs Q2 2025.
- Adjusted revenue: $281 million, up 24% vs Q2 2025.
- Record origination volume of over $15 billion, up 64% vs Q2 2025.
- Ending servicing UPB: $341 billion, up 10% vs Q2 2025.
- Completed sale of reverse assets for $77 million net proceeds.
- Repurchased 141,343 shares for $5.8 million.
- Book value per share: $73, up $13 compared to Q2 2025.
Price Impact
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