How did ONIT's revenue and expenses trend in Q4 2024 compared to previous quarters?
5/9/2025 01:34am
**Onity Group Inc. (ONIT) experienced a general upward trend in revenue and specific changes in expenses during Q4 2024 compared to previous quarters**:
1. **Revenue Trend**:
- Q4 2024 revenue was $224.8 million.
- This was a slight increase from Q3 2024, which had revenue of $265.7 million.
- Q2 2024 revenue was $246.4 million, and Q1 2024 revenue was $239.1 million.
|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|ONIT|ONIT.N|Onity Group|2023 Q4|10.698602794411178|2.773E8|169|
|ONIT|ONIT.N|Onity Group|2024 Q1|-8.6707410236822|2.391E8|169|
|ONIT|ONIT.N|Onity Group|2024 Q2|-9.411764705882353|2.464E8|169|
|ONIT|ONIT.N|Onity Group|2024 Q3|3.9921722113502938|2.657E8|169|
- The expected rise in Q5 2025 revenue to $247.334 million indicates a positive outlook.
2. **Cost of Goods Sold (COGS)**:
- No results were found for COGS in Q4 2024, Q3 2024, Q2 2024, or Q1 2024.
3. **Research and Development (R&D) Expenses**:
- Q4 2024 R&D expenses were $14 million.
- This was a slight increase from Q3 2024, which had R&D expenses of $13.2 million.
- Q2 2024 R&D expenses were $13 million, and Q1 2024 expenses were $12.7 million.
|code|Ticker|Name|Date|R&D Expenses|R&D Expenses YoY|market_code|
|---|---|---|---|---|---|---|
|ONIT|ONIT.N|Onity Group|2023 Q4|1.3E7|-6.474820143884892|169|
|ONIT|ONIT.N|Onity Group|2024 Q1|1.27E7|-5.223880597014925|169|
|ONIT|ONIT.N|Onity Group|2024 Q2|1.3E7|0|169|
|ONIT|ONIT.N|Onity Group|2024 Q3|1.32E7|0.7633587786259541|169|
4. **Selling, General, and Administrative (SG&A) Expenses**:
- No results were found for SG&A expenses in Q4 2024, Q3 2024, Q2 2024, or Q1 2024.
In summary, ONIT's revenue showed a seasonal fluctuation with a peak in Q3 2024 and a slight increase in Q4 2024. R&D expenses increased consistently throughout the year, indicating a focus on innovation and product development. However, specific cost data for Q4 2024 is lacking for a complete analysis of the quarter's financial performance.