Onity Group Inc. Common Stock (ONIT)

FairStock Score: 87/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Onity as a mortgage servicer and originator, not a bank, but Graham's questions still apply: what are the assets worth, what earnings can be trusted, and what leverage hides underneath? The filed record is volatile. In fiscal 2023, the year ended 2023-12-31, the company lost $63.7 million, or $8.34 per diluted share, on $32.0 million of revenue. By fiscal 2025, the year ended 2025-12-31, it reported $57.8 million of revenue, $189.5 million of net income, and $21.46 per diluted share. That swing is why FairStock labels it a turnaround, but one good year does not prove durable earning power. The latest filed quarter, fiscal Q2 2026, the quarter ended 2026-06-30, showed $20.4 million of revenue and a net loss of $11.9 million, or $1.53 per diluted share, after fiscal Q1 2026, the quarter ended 2026-03-31, net income of $7.6 million. So earnings are inconsistent.

In plain English: Onity Group makes and services mortgage loans, including reverse mortgages, mainly in the U.S. with some operations overseas. The business has been unstable: it lost money in 2023, earned a large profit in 2025, and then showed a loss in its latest filed quarter. The shares look cheap compared with reported profits and accounting value, but that cheapness comes with real risk because recent results are uneven.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer