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OMF

OneMain Holdings, Inc.

OMF

OneMain Holdings, Inc. • NYSE
$62.03 ▲ 0.16% (+0.10)
Market Cap $7.39 B
52w High $63.25
52w Low $38.00
Dividend Yield 4.17%
P/E 10.51
Volume 457.14K
Outstanding Shares 119.12M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.594B ▲ $523M ▲ $199M ▲ 12.484% ▲ $1.67 ▲ $335M ▲
Q2-2025 $1.536B ▲ $494M ▲ $167M ▼ 10.872% ▼ $1.41 ▼ $286M ▼
Q1-2025 $1.501B ▲ $458M ▼ $213M ▲ 14.191% ▲ $1.79 ▲ $345M ▲
Q4-2024 $1.498B ▲ $501M ▲ $126M ▼ 8.411% ▼ $1.06 ▼ $234M ▼
Q3-2024 $1.465B $445M $157M 10.717% $1.31 $278M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $873M ▼ $26.985B ▲ $23.607B ▲ $3.378B ▲
Q2-2025 $2.452B ▲ $26.628B ▲ $23.302B ▲ $3.326B ▲
Q1-2025 $2.297B ▲ $26.029B ▲ $22.749B ▲ $3.28B ▲
Q4-2024 $2.065B ▲ $25.91B ▲ $22.719B ▲ $3.191B ▼
Q3-2024 $746M $25.578B $22.37B $3.208B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $199M ▼ $828M ▲ $-1.01B ▲ $77M ▼ $-105M ▼ $828M ▲
Q2-2025 $1.022B ▲ $774M ▲ $-1.013B ▼ $387M ▲ $148M ▼ $774M ▲
Q1-2025 $213M ▲ $665M ▼ $-331M ▲ $-113M ▼ $221M ▲ $665M ▼
Q4-2024 $125M ▼ $752M ▲ $-1.028B ▼ $148M ▼ $-128M ▼ $752M ▲
Q3-2024 $158M $677M $-1.007B $303M $-27M $677M

Revenue by Products

Product Q4-2013Q1-2014Q2-2014Q3-2014
Insurance Segment
Insurance Segment
 $110.00M ▲$0 ▼$0 ▲$40.00M ▲
Insurance
Insurance
 $0 ▲$40.00M ▲$40.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past five years, showing that demand for OneMain’s lending products remains solid. The challenge is that profitability has moved in the opposite direction: margins are thinner and earnings are well below the peak from a few years ago. This likely reflects higher credit costs, a tougher funding environment, and a more cautious stance on underwriting. The company remains clearly profitable, but the story is now more about managing risk and margins than about rapid earnings expansion.

Balance Sheet

Balance Sheet The balance sheet shows a classic specialty lender profile: a large loan book funded mainly with debt and a relatively modest equity base. Assets and borrowings have both crept higher over time, while shareholder equity has stayed roughly flat, implying leverage has inched up but not dramatically. Cash balances move around year to year and are not especially large compared with total assets, so the company depends heavily on continued access to capital markets and securitizations. Overall, the balance sheet looks stable but not conservative, and it remains sensitive to funding conditions and credit cycles.

Cash Flow

Cash Flow Cash generation from operations has been consistently strong and gently rising over the period, even as reported earnings have come down. Free cash flow essentially matches operating cash flow, because the business requires very little traditional capital expenditure—its “investment” is largely in its loan book. This pattern suggests that the core franchise throws off reliable cash, providing room to fund growth, service debt, and return capital when management chooses. The key risk is less about cash flow stability and more about how future credit losses and funding costs might affect that cash engine.

Competitive Edge

Competitive Edge OneMain holds a leading position in the non-prime consumer lending market, a segment many traditional banks avoid or serve only cautiously. Its hybrid model—combining a large physical branch network with a solid digital platform—gives it an edge in serving customers who value in‑person help but also want online convenience. Deep experience in non-prime underwriting, scale advantages, and specialized risk models form a meaningful moat that is not easy for newer fintechs or mainstream banks to replicate. At the same time, the company remains exposed to economic downturns, regulatory scrutiny, and competition from both digital lenders and larger financial institutions looking for growth in this segment.

Innovation and R&D

Innovation and R&D Innovation is centered on technology, data science, and product design rather than classic lab-style R&D. OneMain is investing heavily in advanced analytics and AI-powered underwriting, aiming to price non‑prime risk more accurately and approve more of the “right” customers while keeping losses in check. Its mobile app, financial wellness tools, and partnerships with fintechs for point‑of‑sale lending and auto financing deepen customer engagement and broaden distribution. Expansion into credit cards, auto loans, and joint-loan offerings, plus the pursuit of an industrial loan charter, show a clear push to diversify funding and revenue streams. The main execution risk is integrating these innovations without loosening credit standards or overcomplicating the business.

Summary

Overall, OneMain looks like a mature, cash-generative lender with steady revenue growth but pressure on profitability as credit and funding conditions have become more challenging. The balance sheet is typical for its niche—highly leveraged but generally stable—while cash flows are a relative bright spot, providing resilience and flexibility. Its competitive strength rests on long-standing expertise in non‑prime lending and a distinctive blend of branches and digital tools, reinforced by growing use of data and partnerships. Future performance will hinge on credit quality through the cycle, funding costs, regulatory developments, and the company’s ability to scale newer products like auto loans and credit cards without sacrificing risk discipline.

NEWS

October 31, 2025 · 6:30 AM UTC

ONEMAIN HOLDINGS, INC. REPORTS THIRD QUARTER 2025 RESULTS

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October 10, 2025 · 6:30 AM UTC

OneMain Holdings Announces Date of Third Quarter 2025 Earnings Release and Conference Call

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September 2, 2025 · 4:30 PM UTC

OneMain Holdings to Present at Barclays Global Financial Services Conference

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