XML 41 R5.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue      
Servicing and subservicing fees $ 857,200 $ 832,500 $ 947,300
Gain on reverse loans and HMBS-related borrowings, net 58,800 42,500 46,700
Gain on loans held for sale, net 93,000 59,000 40,600
Other revenue, net 57,800 42,000 32,000
Total revenue 1,066,700 976,000 1,066,700
MSR valuation adjustments, net (169,800) (96,200) (232,200)
Operating expenses      
Compensation and benefits 252,600 232,500 229,200
Servicing and origination 58,900 52,300 57,300
Technology and communications 64,100 52,900 52,500
Professional services 67,800 52,600 22,300
Occupancy, equipment and mailing 33,600 31,400 31,800
Other expenses 14,700 14,700 19,000
Total operating expenses 491,700 436,500 412,100
Other income (expense)      
Interest income 135,400 93,300 78,000
Interest expense 308,600 288,900 273,600
Pledged MSR liability expense (169,500) (175,400) (296,300)
Gain (loss) on extinguishment of debt 0 (49,400) 1,300
Earnings of equity method investee 0 22,900 7,300
Other, net 300 (6,600) 2,800
Other income (expense), net (342,400) (404,100) (480,500)
Income (loss) before income taxes 62,700 39,300 (58,100)
Income tax expense (benefit) (126,800) 5,300 5,600
Net income (loss) 189,500 33,900 (63,700)
Preferred stock dividend (4,200) (500) 0
Net income (loss) attributable to common stockholders $ 185,400 $ 33,400 $ (63,700)
Earnings (loss) per share attributable to Ocwen stockholders - Basic and Diluted      
Basic $ 23.07 $ 4.28 $ (8.34)
Diluted $ 21.46 $ 4.13 $ (8.34)
Weighted average common shares outstanding      
Basic (in shares) 8,035,942 7,816,093 7,635,584
Diluted (in shares) 8,637,309 8,087,535 7,635,584