| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 294.30 | 17.8% |
| Total Income | 294.30 | 17.8% |
| Expenditure | 132.20 | 10.3% |
| PBT | — | |
| Net Profit | 7.60 | 65.6% |
| OPM | — | |
| NPM | 2.58% | 6.26pp |
| EPS | 0.78 | 70.9% |
Onity Group Announces Q1 2026 Results: Revenue Up 18% YoY
05 May 2026 · 5 May, 4:22 pm
Summary
Onity Group Inc. announced its first quarter 2026 results, showcasing double-digit year-over-year growth in revenue, origination volume, and total servicing UPB. Net income attributable to common stockholders was $7 million, with a diluted EPS of $0.74. Total revenue increased by 18% to $294 million compared to the same quarter last year. The company updated its adjusted ROE guidance range to 10% - 15% due to ongoing rate volatility.
Key Highlights
- 1
Onity Group reported a net income attributable to common stockholders of $7 million, resulting in a diluted EPS of $0.74 and an ROE of 4% for Q1 2026.
- 2
Total revenue for Q1 2026 reached $294 million, reflecting an 18% increase compared to Q1 2025.
- 3
Adjusted revenue for Q1 2026 was $278 million, up 26% compared to Q1 2025.
- 4
Total servicing additions amounted to $28 billion, including $20 billion in MSR additions during Q1 2026.
- 5
Ending servicing UPB totaled $338 billion, marking an 11% increase compared to Q1 2025.
- 6
The company updated its adjusted ROE guidance range to 10% - 15% from 13% - 15%, considering ongoing rate volatility due to geopolitical events.
- 7
Originations volume doubled to $14 billion in Q1 2026, compared to Q1 2025.
Management Comments
Glen A. Messina
First quarter results reflected solid underlying business momentum, with double-digit year-over-year growth in revenue, originations volume, and total servicing UPB. At the same time, mortgage rate volatility, higher than expected refinancing activity, and elevated FHA delinquencies pressured near-term performance. We are taking decisive actions to address these drivers while continuing to execute on our growth initiatives and the fundamentals of our balanced business model, which has proven resilient over the long term. Looking ahead, we remain focused on accelerating profitable growth and creating value for all stakeholders, supported by the expanded use of AI-powered technologies to drive service excellence, reduce costs, and grow revenue. Additionally, subject to Ginnie Mae approval, we look forward to completing our revised reverse mortgage transaction with Finance of America Reverse, which is expected to establish a subservicing relationship with a market leader and enable greater focus on other higher-value growth opportunities.
Informational and educational content only. Not investment advice.