ONITY GROUP INC. (ONIT)
ONITY GROUP INC. (ONIT)
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 7.6 | 127.2 | 18.7 | 43.6 |
| Msr valuation adjustments, net | 87.7 | 77.2 | 63 | 101 |
| Provision for bad debts (advances and receivables) | 4.9 | 4 | 4.8 | 9 |
| Provision for (reversal of) representation and warranty obligations | NaN | 10.4 | NaN | NaN |
| Provision for indemnification obligations | -4.4 | NaN | 4.8 | 1.5 |
| Depreciation | 1.1 | 1.1 | 1 | 2.3 |
| Amortization of debt issuance costs, discount and premium | 9.4 | 8.2 | 7.8 | 11.6 |
| Amortization of intangibles | 0.3 | 0.3 | 0.2 | 0.5 |
| Loss (gain) on extinguishment of debt | NaN | 0 | NaN | NaN |
| Equity-based compensation expense | 1.7 | 1.7 | 1.7 | 4.2 |
| Interest capitalized on reverse buyouts | 17.1 | 47 | NaN | NaN |
| Gain on extinguishment of debt | NaN | NaN | 0 | NaN |
| Deferred income tax expense (benefit) | 1.6 | -120.6 | NaN | NaN |
| Gain on reverse loans and hmbs-related borrowings, net | 11.3 | 5.6 | 6.4 | 27.2 |
| Net gain on sale of investment in equity method investee | NaN | 0 | NaN | NaN |
| Gain on loans held for sale, net | 34.1 | 36.7 | 34.1 | 22.2 |
| Decrease in advances | -77.7 | 51.8 | -20.1 | -101.2 |
| Increase in receivables and other assets | 137.1 | -26.8 | -59 | 6.1 |
| Decrease (increase) in derivatives | -16.7 | 57 | -9 | 27.8 |
| Decrease in other liabilities | -39.5 | -11.2 | 30.3 | -44.8 |
| Origination and purchase of loans held for sale | 7,717.5 | 7,951.1 | 7,410.2 | 10,162 |
| Proceeds from sale and collections of loans held for sale | 6,156.3 | 7,767 | 7,478.8 | 9,287 |
| Other, net | -0.4 | 32.8 | -19.4 | -18.5 |
| Net cash used in operating activities | -1,589.9 | -230.6 | 229.5 | -746.9 |
| Origination of loans held for investment | 0 | 158.2 | 249.3 | 545.5 |
| Principal payments received on loans held for investment | NaN | 689.9 | 778.2 | 1,563.4 |
| Principal payments received on loans previously held for investment | 559.8 | NaN | NaN | NaN |
| Purchase of msrs | 186.8 | 134 | 88.4 | 151 |
| Proceeds from sale of msrs | 20 | 134 | 0 | 4.8 |
| Distribution of capital from equity method investee | NaN | 0 | 0 | 0 |
| Net proceeds from sale of investment in equity method investee | NaN | 0 | NaN | NaN |
| Acquisition of advances in connection with msr transactions | 5.6 | 1.1 | 0.6 | 3.4 |
| Proceeds from sale of advances in connection with msr transactions | 0.5 | 0.6 | 0.2 | 0.7 |
| Purchase of real estate | 21.4 | 25.2 | 11.4 | 4.7 |
| Proceeds from sale of real estate | 23.7 | 15.5 | 13.2 | 22.5 |
| Additions to premises and equipment | 0.1 | 1.9 | 0.7 | 0.3 |
| Other, net | NaN | 0 | NaN | NaN |
| Repayment of msr financing facilities | NaN | NaN | 401.8 | 1,565.3 |
| Net cash provided by investing activities | 390 | 519.7 | 441.3 | 886.5 |
| Repurchase and repayment of senior notes | NaN | 0 | 0 | 0 |
| Repayment of advance match funded liabilities, net | 50.6 | -21.3 | 21.9 | 74.6 |
| Proceeds from mortgage warehouse facilities, net | 968.4 | -341.4 | -136.7 | 656.4 |
| Proceeds from reverse mortgage securitization notes | 491.8 | 701.7 | NaN | NaN |
| Repayment of reverse mortgage securitization notes | 74 | 248.5 | 18 | 34.8 |
| Proceeds from msr financing facilities, net | 86.3 | -1,904.5 | 406.9 | 1,826.8 |
| Proceeds from issuance of senior notes | 206.5 | 0 | NaN | NaN |
| Payment of debt issuance costs | 8.4 | 3.9 | 3.7 | 0.3 |
| Proceeds from other financing liabilities - sale of msrs accounted for as secured financing | NaN | NaN | 8.3 | 15.7 |
| Proceeds from msr related financing liabilities | 11 | 54 | 12.7 | NaN |
| Repayment of msr related financing liabilities | 39.5 | 71.4 | NaN | NaN |
| Proceeds from sale of hecm or reverse mortgages, accounted for as a financing (hmbs-related borrowings) | 214.1 | 239.2 | 269.4 | 577.6 |
| Repayment of hmbs-related borrowings | 555.9 | 684.2 | 770.2 | 1,544.6 |
| Proceeds from issuance of preferred stock | NaN | 0 | NaN | NaN |
| Payment of preferred stock issuance costs | NaN | 0 | NaN | NaN |
| Repurchase of common stock | 6.1 | NaN | NaN | NaN |
| Payment of preferred stock dividend | 1 | 1.1 | 1 | 2.1 |
| Payment on exercise of common stock warrants | 0 | 0 | 0 | 3.5 |
| Net cash provided by (used in) financing activities | 1,242.5 | -295.8 | -656.1 | -148.6 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 42.6 | -6.7 | 14.7 | -9 |
| Cash, cash equivalents and restricted cash at beginning of year | 264.6 | 271.3 | 265.6 | NaN |
| Cash, cash equivalents and restricted cash at end of period | 307.2 | 264.6 | 271.3 | NaN |