Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through Servicing and Originations segments. It provides commercial mortgage loan servicing, special servicing, and asset management services, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans to owners of mortgage loans and foreclosed real estate. The company also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. Ocwen Financial Corporation serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. The company was founded in 1988 and is headquartered in West Palm Beach, Florida.
Revenue of Ocwen Financial Corporation (OCN)
Revenue in 2023 (TTM): $1.04 B
According to Ocwen Financial Corporation's latest financial reports the company's current revenue (TTM) is $1.04 B. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Ocwen Financial Corporation
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $1.04 B | $972.6 M | $404.5 M | $-58,100,000 | $-63,700,000 |
| 2022 | $999.5 M | $459.2 M | $284.6 M | $24.9 M | $25.7 M |
| 2021 | $1.08 B | $520.93 M | $239 M | $-4,371,000 | $18.1 M |
| 2020 | $976.91 M | $524.98 M | $59.04 M | $-105,684,000 | $-40,178,000 |
| 2019 | $1.14 B | $604.29 M | $259.18 M | $-126,491,000 | $-142,125,000 |
| 2018 | $1.08 B | $374.02 M | $-165,975,000 | $-71,476,000 | $-70,772,000 |
| 2017 | $1.22 B | $356.18 M | $-62,131,000 | $-143,973,000 | $-127,966,000 |
| 2016 | $1.41 B | $341.01 M | $-162,783,000 | $-206,361,000 | $-199,762,000 |
| 2015 | $1.84 B | $601.35 M | $1.14 M | $-129,861,000 | $-247,017,000 |
| 2014 | $2.13 B | $974.29 M | $667.43 M | $-443,159,000 | $-546,292,000 |
| 2013 | $2.06 B | $1.09 B | $637.95 M | $335.22 M | $294.15 M |
| 2012 | $853.34 M | $482 M | $347.94 M | $257.51 M | $180.92 M |
| 2011 | $504.06 M | $315.73 M | $298.76 M | $123 M | $78.33 M |
| 2010 | $359.67 M | $161.5 M | $167.14 M | $39.15 M | $37.98 M |
| 2009 | $380.73 M | $215.96 M | $194.81 M | $93.26 M | $297 K |
| 2008 | $492.13 M | $274.19 M | $186.01 M | $38.46 M | $17.92 M |
| 2007 | $480.66 M | $283.48 M | $237.76 M | $58.38 M | $38.6 M |
| 2006 | $431.72 M | $249.01 M | $253.56 M | $80.13 M | $206.51 M |
| 2005 | $375.38 M | $375.38 M | $154.83 M | $20.88 M | $15.07 M |
| 2004 | $216.34 M | $216.34 M | $163.5 M | $25.08 M | $57.72 M |
| 2003 | $162.9 M | $162.9 M | $153.73 M | $5.52 M | $4.77 M |
| 2002 | $115.95 M | $115.95 M | $45.21 M | $-82,057,000 | $-68,775,000 |
| 2001 | $159.38 M | $159.38 M | $81.71 M | $-45,557,000 | $-124,782,000 |
| 2000 | $193.25 M | $193.25 M | $189.38 M | $-8,564,000 | $2.19 M |
| 1999 | $243.4 M | $243.4 M | $209.76 M | $14.82 M | $19.83 M |
| 1998 | $234.12 M | $234.12 M | $235.23 M | $-32,366,000 | $-1,200,000 |
| 1997 | $240.11 M | $240.11 M | $330.23 M | $99.54 M | $78.93 M |
| 1996 | $115.01 M | $115.01 M | $196.76 M | $61.3 M | $50.14 M |