Stockholders' Equity |
6 Months Ended | ||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||
| Equity [Abstract] | |||||||||||||||||||||||||||||||
| Stockholders' Equity |
On February 10, 2026, Onity’s Board of Directors authorized a share repurchase program for an aggregate amount of up to $10.0 million of Onity’s issued and outstanding shares of common stock. As of May 1, 2026, we completed the program, repurchasing 242,753 shares of our common stock in the open market at prevailing market prices for a total purchase price (inclusive of applicable fees, costs and expenses) of $10.0 million at an average price per share (excluding commissions) of $41.16. The repurchased shares were retired and cancelled in tranches throughout the term of the program, and all were retired as of May 1, 2026. On June 1, 2026, Onity’s Board of Directors authorized an additional share repurchase program for an aggregate amount of up to $20.0 million of Onity’s issued and outstanding shares of common stock. During June 2026, we completed the repurchase of 53,034 shares of our common stock in the open market under this program at prevailing market prices for a total purchase price (inclusive of applicable fees, costs and expenses) of $2.0 million at an average price per share (excluding commissions) of $37.10. The repurchased shares were retired and cancelled as of June 30, 2026. Unless Onity amends the share repurchase program or repurchases the full $20.0 million amount by an earlier date, the share repurchase program will continue through June 2027. No assurances can be given as to the number of shares, if any, that Onity may repurchase in any given period. The total monthly purchase limit under the program is $2.0 million. Also refer to Note 23 – Subsequent Events for information regarding additional share repurchases.
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