| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 62.3 | 43.6 |
| Msr valuation adjustments, net | 164 | 101 |
| Provision for bad debts (advances and receivables) | 13.8 | 9 |
| Provision for indemnification obligations | 6.3 | 1.5 |
| Depreciation | 3.3 | 2.3 |
| Amortization of debt issuance costs and discount | 19.4 | 11.6 |
| Amortization of intangibles | 0.7 | 0.5 |
| Equity-based compensation expense | 5.9 | 4.2 |
| Gain on extinguishment of debt | 0 | - |
| Gain on reverse loans held for investment and hmbs-related borrowings, net | 33.6 | 27.2 |
| Gain on loans held for sale, net | 56.3 | 22.2 |
| Decrease in advances | -121.3 | -101.2 |
| Decrease in receivables and other assets | -52.9 | 6.1 |
| Increase in derivatives | 18.8 | 27.8 |
| Increase (decrease) in other liabilities | -14.5 | -44.8 |
| Origination and purchase of loans held for sale | 17,572.2 | 10,162 |
| Proceeds from sale and collections of loans held for sale | 16,765.8 | 9,287 |
| Other, net | -37.9 | -18.5 |
| Net cash used in operating activities | -517.4 | -746.9 |
| Origination of loans held for investment | 794.8 | 545.5 |
| Principal payments received on loans held for investment | 2,341.6 | 1,563.4 |
| Purchase of msrs | 239.4 | 151 |
| Proceeds from sale of msrs | 4.8 | 4.8 |
| Distribution from (investment in) equity method investee, net | 0 | 0 |
| Acquisition of advances in connection with msr transactions | 4 | 3.4 |
| Proceeds from sale of advances in connection with msr transactions | 0.9 | 0.7 |
| Purchase of real estate | 16.1 | 4.7 |
| Proceeds from sale of real estate | 35.7 | 22.5 |
| Additions to premises and equipment | 1 | 0.3 |
| Net cash provided by investing activities | 1,327.8 | 886.5 |
| Repayment of advance match funded liabilities, net | 96.5 | 74.6 |
| Proceeds from mortgage loan financing facilities, net | 519.7 | 656.4 |
| Proceeds from msr financing facilities | 2,233.7 | 1,826.8 |
| Repayment of msr financing facilities | 1,967.1 | 1,565.3 |
| Repurchase of senior notes | 0 | 0 |
| Payment of debt issuance costs | 4 | 0.3 |
| Proceeds from other financing liabilities - sale of msrs accounted for as secured financing | 24 | 15.7 |
| Proceeds from other financing liabilities - excess servicing spread (ess) liability | 12.7 | - |
| Repayment of other financing liabilities | 52.8 | 34.8 |
| Proceeds from sale of home equity conversion mortgages (hecm, or reverse mortgages) accounted for as a financing (hmbs-related borrowings) | 847 | 577.6 |
| Repayment of hmbs-related borrowings | 2,314.8 | 1,544.6 |
| Payment of preferred stock dividend | 3.1 | 2.1 |
| Payment on exercise of common stock warrants | 3.5 | 3.5 |
| Net cash provided by (used in) financing activities | -804.7 | -148.6 |
| Net increase in cash, cash equivalents and restricted cash | 5.7 | -9 |
| Cash and cash equivalents at beginning of period | 265.6 | - |
| Cash and cash equivalents at end of period | 271.3 | - |
ONITY GROUP INC. (ONIT)
ONITY GROUP INC. (ONIT)