| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 282.90 | 3.9% | 14.7% |
| Total Income | 282.90 | 3.9% | 14.7% |
| Expenditure | 139.00 | 5.1% | 26.9% |
| PBT | — | ||
| Net Profit | -11.90 | 256.6% | 155.3% |
| OPM | — | ||
| NPM | -4.21% | 6.79pp | 12.92pp |
| EPS | -1.53 | 296.1% | 160.0% |
Onity Group Announces Q2 2026 Results
06 Aug 2026 · 6 Aug, 4:21 pm
Summary
Onity Group Inc. reported second quarter 2026 results with total revenue of $283 million, up 15% year-over-year, and adjusted revenue of $281 million, up 24%. The company posted a net loss of $13 million, or ($1.53) per diluted share, impacted by $9 million in restructuring costs and $24 million in unfavorable asset fair value changes. Despite the net loss, adjusted pre-tax income was $14 million with an annualized adjusted ROE of 9%. Management highlighted strong growth in origination volume and servicing additions, alongside strategic repositioning actions to simplify the business and improve profitability.
Key Highlights
- 1
Onity Group announced its second quarter 2026 results, reporting total revenue of $283 million, an increase of 15% compared to Q2 2025.
- 2
Adjusted revenue for Q2 2026 was $281 million, marking a significant 24% increase compared to the same period in the prior year.
- 3
The company reported a net loss attributable to common stockholders of $13 million, with diluted EPS of ($1.53) for the quarter.
- 4
Adjusted pre-tax income for Q2 2026 was $14 million, resulting in an annualized adjusted ROE of 9%.
- 5
Total servicing additions reached $42 billion in Q2 2026, including a quarterly record of over $15 billion in Originations, up 64% versus Q2 2025.
- 6
Ending servicing UPB grew by 10% year-over-year to $341 billion as of June 30, 2026.
- 7
Book value per share stood at $73 as of June 30, 2026, an increase of $13 compared to Q2 2025.
Management Comments
Glen A. Messina
Our second quarter results demonstrate that our growth strategy is sound and our operating fundamentals are strong. We delivered double-digit revenue and servicing UPB growth with record origination volume and significant subservicing additions. We also completed servicing portfolio repositioning actions to simplify the business, improve profitability and focus, and increase strategic flexibility. At the same time, net loss was impacted by portfolio restructuring costs as well as market-driven unfavorable asset fair value changes; however, these items do not diminish the progress we are making or the strength and direction of the business. Onity is a top 10 non-bank servicer and originator with increasing scale, a balanced business model that is working as intended, and a modernized technology platform. With a strong foundation, simplified business and greater flexibility, we believe we are well positioned to navigate the current environment, capitalize on attractive opportunities, and continue delivering prudent growth.
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