For the year ending 2025-12-31, ONIT had -$1,000K decrease in cash & cash equivalents over the period. -$750,900K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income (loss) | 189,500 |
| Msr valuation adjustments, net | 241,200 |
| Provision for bad debts (advances and receivables) | 17,800 |
| Provision for (reversal of) representation and warranty obligations | 10,400 |
| Depreciation | 4,400 |
| Amortization of debt discount and issuance costs | 27,600 |
| Amortization of intangible assets | 1,000 |
| Loss (gain) on extinguishment of debt | 0 |
| Equity-based compensation expense | 7,600 |
| Interest capitalized on reverse buyouts | 47,000 |
| Deferred income tax (benefit) expense | -120,600 |
| Gain on reverse loans and hmbs-related borrowings, net | 39,200 |
| Net gain on sale of investment in equity method investee | 0 |
| Gain on loans held for sale, net | 93,000 |
| Decrease in advances | -69,500 |
| Decrease in receivables and other assets | -79,700 |
| Increase (decrease) in derivative assets and liabilities | 75,800 |
| Increase (decrease) in other liabilities | -25,700 |
| Origination and purchase of loans held for sale | 25,523,300 |
| Proceeds from sale and collections of loans held for sale | 24,532,800 |
| Other, net | -5,100 |
| Net cash provided by (used in) operating activities | -748,000 |
| Origination of loans held for investment | 953,000 |
| Principal payments received on loans held for investment | 3,031,500 |
| Purchase of msrs | 373,400 |
| Proceeds from sale of msrs | 138,800 |
| Distribution of capital from equity method investee | 0 |
| Net proceeds from sale of investment in equity method investee | 0 |
| Acquisition of advances in connection with msr transactions | 5,100 |
| Proceeds from sale of advances in connection with msr transactions | 1,500 |
| Purchase of real estate | 41,300 |
| Proceeds from sale of real estate | 51,200 |
| Additions to premises and equipment | 2,900 |
| Other, net | 0 |
| Net cash provided by (used in) investing activities | 1,847,500 |
| Repayment of advance match funded liabilities, net | 75,200 |
| Proceeds from (repayment of) mortgage warehouse facilities, net | 178,300 |
| Proceeds from reverse mortgage securitization notes | 701,700 |
| Repayment of reverse mortgage securitization notes | 301,300 |
| Proceeds from (repayment of) msr financing facilities, net | 329,200 |
| Repurchase and repayment of senior notes | 0 |
| Proceeds from issuance of senior notes | 0 |
| Payment of debt issuance costs | 7,900 |
| Proceeds from msr related financing liabilities | 66,700 |
| Repayment of msr related financing liabilities | 71,400 |
| Proceeds from sale of hecm or reverse mortgages, accounted for as a financing (hmbs-related borrowings) | 1,086,200 |
| Repayment of hmbs-related borrowings | 2,999,000 |
| Proceeds from issuance of preferred stock | 0 |
| Payment of preferred stock issuance costs | 0 |
| Payment of preferred stock dividend | 4,200 |
| Payment on exercise of common stock warrants | 3,500 |
| Net cash provided by (used in) financing activities | -1,100,500 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | -1,000 |
| Cash and cash equivalents at beginning of period | 265,600 |
| Cash and cash equivalents at end of period | 264,600 |
ONITY GROUP INC. (ONIT)
ONITY GROUP INC. (ONIT)