Ocwen reports FY2023 GAAP net loss of $64M; adjusted pre-tax income of $49M

ONITY GROUP INC.

2023-FY EPS reported -$8.34 revenue$1,066,700,000

Q4 GAAP net loss of $47M; adjusted pre-tax income of $11M. Full-year net loss $64M; adjusted pre-tax income $49M.
GAAP operating expenses reduced by over $120M, or 23%, versus 2022.
Total liquidity $242M as of Dec 31, 2023, up 10% YoY.
$89M reduction in unrealized MSR value change due to rates and assumptions, net of hedge.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.4

ONITY GROUP INC. reported financial results for the fourth quarter and the year ended December 31, 2023.

Period: the fourth quarter and the year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 27, 2024, Ocwen Financial Corporation issued a press release announcing results for the fourth quarter and the year ended December 31, 2023 and providing a business update.

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ONITY GROUP INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-007927

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