ONITY GROUP INC. (ONIT)
ONITY GROUP INC. (ONIT)
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Reverse loans held for sale pooled into home equity conversion mortgage backed securities (hmbs), at fair value | NaN | 9,807,500 | NaN | NaN |
| Loans held for investment, at fair value | NaN | 0 | 10,117,400 | 10,470,800 |
| Cash and cash equivalents | 182,500 | 180,500 | 172,800 | 194,300 |
| Restricted cash (58.9 and 37.3 related to variable interest entities (vies)) | 124,700 | 84,100 | 98,400 | 62,300 |
| Mortgage servicing rights (msrs), at fair value | 3,025,900 | 2,825,300 | 2,762,900 | 2,632,600 |
| Advances, net (364.5 and 481.8 related to vies) | NaN | 483,400 | NaN | NaN |
| Advances, net (316.0 and 364.5 related to vies) | 431,100 | NaN | 435,100 | 461,400 |
| Loans held for sale, at fair value (1,785.7 and 1,199.8 related to vies) | 3,150,200 | 1,891,700 | 1,915,600 | 2,048,300 |
| Reverse loans held for sale pooled into home equity conversion mortgage-backed securities (hmbs), at fair value | 9,596,500 | NaN | NaN | NaN |
| Receivables, net (254.9 and 64.2 related to vies) | 365,000 | NaN | 167,400 | 204,600 |
| Premises and equipment, net | 11,300 | 10,800 | 9,800 | 9,700 |
| Deferred tax assets, net - see note 17 | 122,200 | 123,800 | 3,700 | NaN |
| Reo (97.7 and 81.0 related to vies) | 101,000 | 83,800 | 64,400 | NaN |
| Derivatives, at fair value - see note 15 | 39,500 | 28,100 | 18,300 | NaN |
| Prepaid expenses (including prepaid lender fees) | 24,000 | 23,200 | 22,100 | NaN |
| Derivative related receivable | 21,000 | 700 | 1,600 | NaN |
| Prepaid representation, warranty and indemnification claims - agency msr sale | NaN | 0 | 0 | NaN |
| Intangible assets, net (net of accumulated amortization of 14.3 and 14.0) | 2,100 | 2,400 | 2,700 | NaN |
| Other | 8,300 | 12,000 | 6,700 | NaN |
| Other assets (39.9 and 28.4 carried at fair value) (100.4 and 83.4 related to vies) | 318,200 | 273,900 | 119,400 | 129,100 |
| Contingent loan repurchase asset | 530,000 | 423,600 | 308,400 | 318,200 |
| Total assets | 17,735,200 | 16,170,600 | 16,107,400 | 16,531,300 |
| Hmbs-related borrowings, at fair value | 9,437,400 | 9,611,700 | 9,924,600 | 10,253,100 |
| Msr related financing liabilities, at fair value | 794,600 | 842,000 | 822,000 | 818,100 |
| Msr financing facilities, net | 1,371,000 | 1,285,200 | 1,223,200 | 1,218,600 |
| Advance match funded liabilities (341.4 and 416.5 related to vies) | NaN | 341,900 | 320,600 | 342,500 |
| Mortgage warehouse facilities | 2,193,000 | 1,224,600 | 2,062,300 | 2,195,500 |
| Long-term debt, gross | NaN | 951,900 | NaN | NaN |
| Unamortized debt issuance costs | NaN | 52,600 | NaN | NaN |
| Reverse mortgage securitization notes, net (related to vie) | 1,321,000 | 899,300 | NaN | NaN |
| Senior notes, net | 692,800 | 489,600 | 489,000 | 488,500 |
| Other liabilities (27.9 and 10.2 carried at fair value) | 424,900 | 374,900 | 406,000 | 365,000 |
| Contingent loan repurchase liability | 530,000 | 423,600 | 308,400 | 318,200 |
| Total liabilities | 17,056,000 | 15,492,800 | 15,556,100 | 15,999,500 |
| Series b preferred stock, 0.01 par value and 25.00 liquidation preference value 2,400,000 shares authorized 2,111,786 and 2,111,786 shares issued and outstanding at march31, 2026 and december31, 2025, respectively | 49,900 | 49,900 | 49,900 | 49,900 |
| Common stock, 0.01 par value 13,333,333 shares authorized 8,410,618 and 8,521,636 shares issued and outstanding at march31, 2026 and december31, 2025, respectively | 100 | 100 | 100 | 100 |
| Additional paid-in capital | 550,800 | 556,100 | 555,200 | 554,500 |
| Retained earnings | 78,500 | 71,900 | -55,300 | -74,000 |
| Accumulated other comprehensive loss, net of income taxes | -100 | -100 | 1,400 | 1,300 |
| Total stockholders equity | 629,200 | 627,900 | 501,400 | 481,900 |
| Total liabilities, mezzanine equity and stockholders equity | 17,735,200 | 16,170,600 | 16,107,400 | 16,531,300 |