Onity Group
Services mortgage loans and originates forward loans through Onity Mortgage.
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Profile
Servicing is the center of the business, supported by forward originations, MSR purchases, and co-issue channels. The company runs a regulated non-bank mortgage platform with international operations and is moving reverse mortgages toward subservicing after the Finance of America Reverse transaction.
Servicing is the core business, combining owned mortgage servicing rights, subservicing, and special servicing for mortgage investors and other counterparties. Originations adds forward loans through correspondent, consumer-direct, MSR-purchase, co-issue, and related channels, with reverse mortgage activity shifting toward subservicing through Finance of America Reverse.
Operations are centered in the United States but supported by teams in India and the Philippines. The platform relies on Onity Mortgage, the renamed PHH Mortgage business, while Liberty Reverse Mortgage remains part of the reverse-mortgage history.
Execution depends on keeping servicing portfolios replenished, managing loan delinquencies and prepayments, financing servicing advances, and complying with CFPB, HUD/FHA, Ginnie Mae, GSE, and state mortgage-servicing rules.
Company facts
Categories
Key statistics
Year to date −19.9% · Average volume (30d) 64.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jun 16, 2026 | BTIG | Reiterate | Buy | $60 | $50 |
| Feb 12, 2026 | BTIG | Reiterate | Buy | $40 | $60 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.95 | −$1.53 | −261.1% | $272.5M | $282.9M | +3.8% | −2.94% |
| May 5, 2026Q1 FY26 | $2.37 | $0.79 | −66.7% | $290.1M | $278.0M | −4.2% | −0.15% |
| Feb 12, 2026Q4 FY25 | $2.47 | $1.02 | −58.7% | $285.6M | $290.0M | +1.5% | +4.49% |
| Nov 6, 2025Q3 FY25 | $1.98 | $3.44 | +73.7% | $248.2M | $317.9M | +28.1% | −0.42% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $276.0M | $278.7M | $317.9M | $308.0M | $294.3M | $282.9M | |
| Gross profit | $138.6M | $129.2M | $156.1M | $287.9M | $225.3M | $212.4M | |
| Operating income | $50.3M | $66.2M | $64.2M | $94.8M | $93.1M | $73.4M | |
| Net income | $22.1M | $21.5M | $18.7M | $127.2M | $7.6M | −$11.9M | |
| Diluted EPS | $2.50 | $2.40 | $2.03 | $14.25 | $0.74 | −$1.53 | |
| Gross margin | 50.2% | 46.4% | 49.1% | 93.5% | 76.6% | 75.1% | |
| Operating margin | 18.2% | 23.8% | 20.2% | 30.8% | 31.6% | 25.9% |
Fiscal years (4-quarter sums)FY21 $1.08B · FY22 $999.4M · FY23 $1.14B · FY24 $1.07B · FY25 $1.18B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $196.6M · Total debt $10.84B · Total assets $12.35B · Shareholders' equity $659.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 8.43M · Float 6.29M · 74.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| American Century Investment Management, Inc. | 548.1K | 6.50% | 13G | Aug 14, 2026 |
| Long Focus Capital Management, LLC | 540.6K | 6.30% | 13G | May 15, 2026 |
| Glen A. Messina · director, officer: President and CEO | 442.1K | 5.24% | Form 4 | Apr 7, 2026 |
| Dimensional Fund Advisors LP | 396.6K | 5.00% | 13G | Jan 23, 2025 |
| Sean Bradley O'Neil · officer: EVP & Chief Financial Officer | 69.2K | 0.82% | Form 4 | Jun 15, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Rocket Companies
Scaled homeownership platform with dominant servicing and recapture reach
- PennyMac Financial Services
Production and servicing platform with correspondent and direct overlap
- Rithm Capital
Newrez-led origination, servicing, subservicing, and MSR peer
- UWM
Wholesale mortgage leader with large MSR and servicing exposure
- loanDepot
Consumer-direct mortgage lender with servicing recapture overlap
- Finance of America
Reverse-mortgage and home-equity platform tied to the FAR transaction
- Better Home & Finance
AI-native mortgage and home-equity originator with channel pressure
- PennyMac Mortgage Investment Trust
Mortgage REIT competing for MSR and correspondent-production assets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Onity Group | $35.42 | +0.25% | $298.7M | 2.3 | 7.4 | 0.2 | +1.5% |
| Rocket Companies | $13.80 | +0.22% | $38.89B | 94.3 | 19.0 | 4.0 | +113.7% |
| PennyMac Financial Services | $73.05 | −0.43% | $3.81B | 10.1 | 8.7 | 0.8 | −52.2% |
| Rithm Capital | $10.09 | +0.05% | $5.63B | 16.8 | 4.5 | 1.0 | +205.4% |
| UWM | $1.48 | −0.67% | $2.26B | — | 5.3 | 0.7 | −79.3% |
| loanDepot | $0.9698 | +0.95% | $321.8M | — | 52.4 | 0.2 | +19.4% |
| Finance of America | $18.03 | +0.06% | $161.1M | — | 3.6 | 0.1 | −64.8% |
| Better Home & Finance | $13.85 | +0.11% | $217.0M | — | — | 1.0 | +23.9% |
| PennyMac Mortgage Investment Trust | $9.34 | −0.16% | $814.5M | 6.5 | 7.4 | 0.5 | +1,323.8% |
| Median | 13.4 | 7.4 | 0.7 | +21.7% |