---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-006145"
form_type: "8-K"
ticker: "ONIT"
cik: "0000873860"
company_name: "ONITY GROUP INC."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T23:06:26.498062+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ocwen reports FY2022 net income $26M, EPS $2.97; Q4 net loss $80M

## Summary
- Full-year 2022 net income $26M, EPS $2.97, up 42% and 49% YoY respectively.
- Q4 2022 net loss $80M, including $75M of income statement notables; adjusted pre-tax loss $3M.
- Book value per share $61, up 17% from year-end 2021; total liquidity $219M, up 13%.
- Achieved annualized cost reduction of $100M vs Q2 2022; servicing UPB $290B, up 8% YoY.
- Completed $50M share repurchase (1,750,557 shares at avg $28.53).

## SEC filing metadata
- accession: 0001493152-23-006145
- form_type: 8-K
- ticker: ONIT
- cik: 0000873860
- company_name: ONITY GROUP INC.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/873860/000149315223006145/0001493152-23-006145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/873860/000149315223006145/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-006145
- JSON: https://secwatch.observer/filing/0001493152-23-006145.json
- Plain text: https://secwatch.observer/filing/0001493152-23-006145.txt

## Key facts
- Earnings Releases
  ONITY GROUP INC. reported the fourth quarter and the year ended December 31, 2022 results: net income $26 million, EPS $2.97.
  - Period: the fourth quarter and the year ended December 31, 2022
  - Net income: $26 million
  - EPS: $2.97
  - Result: reported results
  source text: Ocwen Financial Corporation issued a press release announcing results for the fourth quarter and the year ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/873860/000149315223006145/0001493152-23-006145-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.