Recent Updates — ASPSZ

Altisource Portfolio Solutions reported third-quarter 2026 results with service revenue increasing 26% year-over-year to $49.8 million, driven by a 96% surge in revenue from customers outside of Onity and Rithm. Adjusted EBITDA rose 17% to $4.3 million, while adjusted diluted earnings per share improved 30% to $0.13. The company recorded a net loss attributable to Altisource of $1.4 million, an improvement of $1.0 million compared to the prior year period. Management highlighted that AI and efficiency initiatives are accelerating product development and supporting its Project 45 goal of reaching $45 million in run-rate Adjusted EBITDA by Q4 2028. Altisource Portfolio Solutions S.A. is an integrated service provider and marketplace for the real estate and mortgage industries.

Altisource Portfolio Solutions S.A. reported financial results for the second quarter ended June 30, 2026. Service revenue grew 19% year-over-year to $48.7 million. The company reported a net loss attributable to Altisource of $0.6 million and a diluted loss per share of $(0.05), compared to a net benefit of $18.5 million and diluted earnings per share of $1.48 in the same quarter of 2025, primarily due to the absence of a prior-year tax reserve reversal. Adjusted EBITDA was $4.4 million, down 18% from $5.4 million in Q2 2025. The company repurchased $2.0 million of debt at a 23.7% discount, resulting in a $0.7 million gain. Altisource aims to reach a $45 million run rate Adjusted EBITDA by Q4 2028. The company is an integrated service provider and marketplace for the real estate and mortgage industries.