Onity Group Announces Second Quarter 2026 Results
Onity Group Inc. (NYSE: ONIT) has reported its second quarter 2026 results, revealing a net loss attributable to common stockholders of $13 million, with a diluted earnings per share of ($1.53) and a return on equity of (8%). The company noted an adjusted pre-tax income of $14 million, which corresponds to an annualized adjusted return on equity of 9%. The losses were influenced by a $9 million pre-tax cost from a reverse asset sale and legacy subservicing transfer, in addition to $24 million in unfavorable changes to asset fair value.
Total revenue for the quarter reached $283 million, marking a 15% increase compared to Q2 2025. Adjusted revenue amounted to $281 million, a 24% rise from the same period last year. The company achieved $42 billion in total servicing additions, which included a quarterly record exceeding $15 billion in originations, an increase of 64% year-over-year. Ending servicing unpaid principal balance (UPB) was reported at $341 billion, a 10% growth versus Q2 2025.
In regards to its 2026 outlook, Onity has maintained its adjusted return on equity guidance in the range of 10% to 15%, although it anticipates performance to trend towards the lower end due to ongoing geopolitical instability, inflation, and market volatility. The company reaffirmed previous guidance related to servicing UPB growth and operational efficiency.
Glen A. Messina, Chair, President, and CEO of Onity Group, stated that the company’s second-quarter performance demonstrates the effectiveness of its growth strategy and operational resilience. He emphasized that the double-digit revenue and service UPB growth were achieved alongside significant subservicing additions. Messina underscored Onity's position as a top 10 non-bank servicer and originator, attributing its success to a balanced business model and a modern technology platform.
In additional operating highlights, Onity completed a transaction with Finance of America Reverse LLC to sell approximately 80% of reverse mortgage servicing rights, generating net proceeds of around $77 million. The company also reported a 3.1 times increase in funded recapture volume compared to Q2 2025 and transferred around $22 billion of Rithm servicing UPB in the first half of 2026.