Stockholders' Equity |
9 Months Ended | ||||||||||||||||||||||||||||||
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Sep. 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. The program expires on the earlier of June 2027 or the date on which repurchases reach the authorized amount. The total monthly purchase limit under the program is $2.0 million. During the three months ended September 30, 2026, we completed the repurchase of 162,184 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 $6.0 million at an average price per share (excluding commissions) of $37.16. During the nine months ended September 30, 2026, we completed the repurchase of 215,218 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 $8.0 million at an average price per share (excluding commissions) of $37.14. The repurchased shares were retired and cancelled as of September 30, 2026. No assurances can be given as to the number of shares, if any, that Onity may repurchase in any given period. As of September 30, 2026, $12.0 million remained authorized for repurchase under the program. Also refer to Note 23 – Subsequent Events for information regarding additional share repurchases.
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