Earnings Releases·Nov 5, 2026, 6:45 AM ET

Onity Group — Third Quarter 2026 Earnings Summary

Net income returned to $3 million ($0.41 diluted EPS) from a $12.9 million loss in Q2 2026 and $17.7 million in Q3 2025; adjusted pre-tax income rose to $30 million from $14 million in Q2 but declined from $34 million in Q3 2025.
Total revenue decreased slightly to $278.1 million from $282.9 million in Q2, while operating expenses fell to $117.9 million from $139.0 million in Q2, driving an operating efficiency ratio of 51%.
The Servicing segment drove sequential profitability gains with adjusted pre-tax income up 2.4x to $29 million, offsetting a 15% decline in Originations segment adjusted pre-tax income to $24 million.
Management reaffirmed guidance on adjusted ROE, servicing UPB growth, and operating efficiency, while noting confidence in navigating the interest rate cycle; no specific guidance changes were issued.
The company repurchased 457,971 shares (6% of outstanding) through Q3, improving book value per share by $1.82, and reported total servicing UPB growth of 9% year-over-year to $343 billion.