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Altisource Portfolio Solutions S.A. Financials

ASPSZ
FY2025 annual
Revenue $171.0M +6.8% YoY
Net Income $1.9M +105.4% YoY
EPS (Diluted) $0.15 YoY not available
Free Cash Flow -$5.1M -2.1% YoY
Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Altisource Portfolio Solutions S.A. (ASPSZ) reported $171.0M in revenue for fiscal year 2025, up 6.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ASPSZ FY2025

Gross-margin recovery has not translated into durable operating cash generation, leaving tax effects and balance-sheet repair central to reported earnings.

In FY2025, net income reached $1.9M, or a 1.1% margin, despite operating profitability of only 0.2%. The resulting earnings-quality gap is visible because operating cash flow was -$5.1M, while a negative tax expense of -$16.1M helped support the accounting profit.

Gross profit margin widened from 4.0% in FY2021 to 28.6% in FY2025 while revenue stayed in a similar range, pointing to a changed cost or revenue mix rather than growth-led scale. Yet FY2025 operating margin was only 0.2%, so much of the gross improvement was absorbed below gross profit.

The balance sheet remains structurally burdened: FY2025 liabilities of $250M exceeded assets of $140M, leaving negative equity of -$110M. Short-term coverage improved from a 0.2x current ratio in FY2024 to 1.2x in FY2025, but that liquidity recovery does not remove the longer-term solvency deficit.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Altisource Portfolio Solutions S.A. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
4/8

Altisource Portfolio Solutions S.A. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

For every $1 of reported earnings, Altisource Portfolio Solutions S.A. used $2.63 of operating cash (-$5.1M OCF vs $1.9M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Interest Coverage At Risk
0.03x

Altisource Portfolio Solutions S.A. earns $0.03 in operating income for every $1 of interest expense ($417K vs $12.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$171.0M
YoY+6.8%
5Y CAGR-14.1%
10Y CAGR-16.6%

Altisource Portfolio Solutions S.A. generated $171.0M in revenue in fiscal year 2025. This represents an increase of 6.8% from the prior year.

EBITDA
$6.1M
YoY-34.2%
10Y CAGR-25.5%

Altisource Portfolio Solutions S.A.'s EBITDA was $6.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 34.2% from the prior year.

Net Income
$1.9M
YoY+105.4%
10Y CAGR-27.0%

Altisource Portfolio Solutions S.A. reported $1.9M in net income in fiscal year 2025. This represents an increase of 105.4% from the prior year.

EPS (Diluted)
$0.15

Altisource Portfolio Solutions S.A. earned $0.15 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
-$5.1M
YoY-2.1%

Altisource Portfolio Solutions S.A. recorded an outflow of $5.1M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 2.1% from the prior year.

Cash & Debt
$26.6M
YoY-10.8%
5Y CAGR-14.5%
10Y CAGR-17.4%

Altisource Portfolio Solutions S.A. held $26.6M in cash against $189.9M in long-term debt as of fiscal year 2025.

Shares Outstanding
11M

Altisource Portfolio Solutions S.A. had 11M shares outstanding in fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin
28.6%
YoY-2.3pp
5Y CAGR+12.1pp
10Y CAGR-6.0pp

Altisource Portfolio Solutions S.A.'s gross margin was 28.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.3 percentage points from the prior year.

Operating Margin
0.2%
YoY-1.8pp
5Y CAGR+12.4pp
10Y CAGR-7.3pp

Altisource Portfolio Solutions S.A.'s operating margin was 0.2% in fiscal year 2025, reflecting core business profitability. This is down 1.8 percentage points from the prior year.

Net Margin
1.1%
YoY+23.3pp
5Y CAGR+19.3pp
10Y CAGR-3.1pp

Altisource Portfolio Solutions S.A.'s net profit margin was 1.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 23.3 percentage points from the prior year.

Return on Equity

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures
$69K
YoY+2200.0%
5Y CAGR-52.0%
10Y CAGR-46.5%

Altisource Portfolio Solutions S.A. invested $69K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 2200.0% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

ASPSZ Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ASPSZ annual income statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Revenue$182.5M$171.0M+6.8%$160.1M+10.4%$145.1M-5.3%$153.1M-14.2%$178.5M-51.2%$365.5M-43.6%$648.7M-22.6%$838.2M-11.0%$942.2M-5.5%$997.3M-5.2%$1.1B-2.5%$1.1B+40.4%$768.4M+35.2%$568.4M+34.1%$423.7M
Cost of Revenue$134.0M$122.1M+10.4%$110.6M-4.2%$115.4M-12.1%$131.3M-23.4%$171.4M-43.9%$305.2M-38.1%$493.3M-20.7%$622.2M-11.1%$699.9M+1.4%$690.0MN/AN/AN/AN/AN/A
Gross Profit$48.5M$48.9M-1.2%$49.5M+67.0%$29.7M+35.9%$21.8M+207.8%$7.1M-88.3%$60.4M-61.2%$155.4M-28.1%$216.0M-10.9%$242.3M-21.1%$307.3M-15.6%$364.1M-2.0%$371.7M+34.7%$275.9M+36.5%$202.2M+36.7%$147.8M
SG&A Expenses$44.2M$41.0M-10.2%$45.6M-1.7%$46.4M-15.2%$54.8M-18.3%$67.0M-27.7%$92.7M-34.3%$141.1M-19.7%$175.7M-8.8%$192.6M-10.0%$214.2M-3.0%$220.9M+9.5%$201.7M+77.3%$113.8M+52.3%$74.7M+20.2%$62.1M
Operating Income-$3.2M$417K-87.1%$3.2M+119.2%-$16.8M+49.5%-$33.2M-214.5%$29.0M+165.3%-$44.4M-345.7%$18.1M-57.5%$42.5M-14.5%$49.7M-23.7%$65.1M-17.7%$79.1M-53.6%$170.5M+5.2%$162.1M+27.2%$127.4M+48.7%$85.7M
Interest Expense$8.9M$12.2M-68.7%$38.9M+7.7%$36.1M+117.0%$16.6M+14.4%$14.5M-18.0%$17.7M-17.1%$21.4M-18.5%$26.3M+18.0%$22.3M-8.8%$24.4M-13.5%$28.2M+20.7%$23.4M+15.1%$20.3M+1576.9%$1.2M+1323.5%$85K
Income Tax$1.0M-$16.1M-722.8%$2.6M-30.5%$3.7M-29.5%$5.3M+62.9%$3.2M-62.5%$8.6M-97.3%$318.3M+7667.1%$4.1M+101.5%-$276.3M-2235.7%$12.9M+56.6%$8.3M-18.8%$10.2M+19.2%$8.5M-2.3%$8.7M+10.0%$7.9M
Net Income-$10.5M$1.9M+105.4%-$35.4M+36.8%-$56.1M-6.1%-$52.8M-538.3%$12.1M+118.2%-$66.3M+78.3%-$305.9M-11232.2%-$2.7M-100.9%$311.6M+892.9%$31.4M-29.9%$44.8M-67.3%$137.1M+2.5%$133.8M+15.4%$115.9M+63.0%$71.1M
EPS (Diluted)$0.15-$9.99-$2.51+24.4%-$3.32-548.6%$0.74+117.2%-$4.31+77.6%-$19.26-$0.32$16.53+1032.2%$1.46-27.7%$2.02-64.5%$5.69+9.6%$5.19+17.2%$4.43+59.9%$2.77

Not reported in any period shown, so not listed: R&D Expenses.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

ASPSZ Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ASPSZ annual balance sheet
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Total Assets$139.8M-2.6%$143.6M-7.3%$154.9M-20.7%$195.3M-24.3%$257.8M-3.0%$265.7M-32.6%$394.3M-46.8%$741.7M-14.3%$865.2M+25.5%$689.2M-4.5%$721.8M-8.4%$788.2M+8.0%$730.1M+70.1%$429.2M+91.5%$224.2M
Current Assets$54.3M+6.2%$51.1M-8.0%$55.5M-36.6%$87.6M-36.6%$138.0M+37.8%$100.2M-45.6%$184.2M-8.6%$201.5M-25.8%$271.6M-16.5%$325.5M+6.3%$306.1M+1.3%$302.1M+21.4%$248.9M+22.1%$203.8M+125.8%$90.3M
Cash & Equivalents$26.6M-10.8%$29.8M-8.3%$32.5M-36.3%$51.0M-48.0%$98.1M+68.4%$58.3M-29.6%$82.7M+41.9%$58.3M-44.5%$105.0M-29.7%$149.3M-16.7%$179.3M+11.1%$161.4M+23.8%$130.3M+23.5%$105.5M+228.4%$32.1M
Accounts Receivable$18.0M+19.1%$15.1M+29.1%$11.7M-10.0%$13.0M-27.8%$18.0M-19.7%$22.4M-48.6%$43.6M+19.6%$36.5M-30.9%$52.7M-39.9%$87.8M-16.4%$105.0M-6.4%$112.2M+7.1%$104.8M+17.8%$89.0M+71.1%$52.0M
Goodwill$56.0M0.0%$56.0M0.0%$56.0M0.0%$56.0M0.0%$56.0M-24.2%$73.8M0.0%$73.8M-9.3%$81.4M-5.7%$86.3M0.0%$86.3M+4.2%$82.8M-8.9%$90.9M-8.6%$99.4M+566.5%$14.9M0.0%$14.9M
Total Liabilities$250.0M-16.9%$301.0M+7.3%$280.5M-10.9%$314.9M-4.0%$327.9M-6.2%$349.4M-16.2%$417.1M-6.5%$446.3M-15.2%$526.6M-16.2%$628.4M-6.3%$670.8M-10.3%$747.8M+30.4%$573.4M+111.8%$270.8M+341.0%$61.4M
Current Liabilities$47.1M-82.7%$271.3M+658.6%$35.8M-10.8%$40.1M-26.8%$54.7M-23.5%$71.5M-18.3%$87.6M-16.1%$104.4M-4.7%$109.6M-26.4%$148.9M+15.3%$129.1M-8.3%$140.8M+3.8%$135.6M+89.2%$71.6M+29.2%$55.4M
Long-Term Debt$189.9MN/A$215.6M-12.2%$245.5M+0.8%$243.6M+0.4%$242.7M-15.7%$287.9M-13.2%$331.5M-17.8%$403.3M-13.7%$467.6M-10.5%$522.2M-10.4%$582.7M+48.9%$391.3M+99.6%$196.0MN/A
Total Equity-$110.2M+30.0%-$157.4M-25.2%-$125.7M-5.0%-$119.6M-70.6%-$70.1M+16.3%-$83.8M-267.0%-$22.8M-107.7%$295.4M-12.8%$338.6M+457.0%$60.8M+19.2%$51.0M+26.2%$40.4M-74.2%$156.7M-1.1%$158.5M-2.6%$162.8M
Retained Earnings-$363.7M-39.9%-$260.0M-44.3%-$180.2M-251.5%$118.9M-36.3%$186.6M-2.0%$190.4M-30.0%$272.0M-53.9%$590.7M-5.7%$626.6M+87.7%$333.8M-9.6%$369.3M+0.4%$368.0M+53.6%$239.6M+93.0%$124.1M-1.6%$126.2M

Not reported in any period shown, so not listed: Inventory.

ASPSZ Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ASPSZ annual cash flow statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Operating Cash Flow-$2.0M-$5.1M-0.8%-$5.0M+77.0%-$21.8M+51.4%-$44.9M+25.7%-$60.4M-169.7%-$22.4M-148.0%$46.7M-31.7%$68.4M+3.5%$66.1M-47.9%$126.8M-35.1%$195.4M-1.1%$197.5M+6.5%$185.5M+59.2%$116.5M+4.4%$111.6M
Capital Expenditures$410K$69K+2200.0%$3K$0-100.0%$863K-37.4%$1.4M-49.0%$2.7M+25.2%$2.2M-44.8%$3.9M-62.8%$10.5M-54.8%$23.3M-35.7%$36.2M-44.2%$64.8M+90.0%$34.1M-4.0%$35.6M+116.3%$16.4M
Free Cash Flow-$2.4M-$5.1M-2.1%-$5.0M+77.0%-$21.8M+52.3%-$45.8M+26.0%-$61.8M-146.1%-$25.1M-156.4%$44.5M-31.0%$64.5M+16.0%$55.6M-46.3%$103.5M-34.9%$159.2M+20.0%$132.6M-12.4%$151.3M+86.9%$81.0M-14.9%$95.2M
Investing Cash Flow-$660K-$319K-114.2%$2.3M$0+100.0%-$767K-100.7%$102.8M+117.6%$47.2M+5.2%$44.9M+305.0%$11.1M+207.3%-$10.3M+87.2%-$80.9M-22.6%-$66.0M+34.8%-$101.3MN/AN/A-$33.1M
Financing Cash Flow-$5.7M$3.2M+5676.4%$55K-98.2%$3.0M+234.0%-$2.2M+3.6%-$2.3M+95.3%-$49.3M+28.6%-$69.0M+44.5%-$124.3M-23.9%-$100.3M-30.9%-$76.6M+31.2%-$111.4M-70.9%-$65.2MN/AN/A-$68.5M
Share BuybacksN/AN/AN/AN/AN/AN/A$0-100.0%$20.0M-50.5%$40.4M+3.5%$39.0M+3.6%$37.7M-36.1%$58.9M-76.9%$255.7M+81.3%$141.0M+740.3%$16.8M-73.0%$62.2M

Not reported in any period shown, so not listed: Dividends Paid.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

ASPSZ Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

ASPSZ annual financial ratios
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Gross Margin28.6%-2.3pp30.9%+10.5pp20.4%+6.2pp14.2%+10.3pp4.0%-12.5pp16.5%-7.5pp24.0%-1.8pp25.8%+0.1pp25.7%-5.1pp30.8%-3.8pp34.6%+0.2pp34.4%-1.5pp35.9%+0.3pp35.6%+0.7pp34.9%
Operating Margin0.2%-1.8pp2.0%+13.6pp-11.6%+10.1pp-21.7%-37.9pp16.2%+28.4pp-12.1%-14.9pp2.8%-2.3pp5.1%-0.2pp5.3%-1.2pp6.5%-1.0pp7.5%-8.3pp15.8%-5.3pp21.1%-1.3pp22.4%+2.2pp20.2%
Net Margin1.1%+23.3pp-22.1%+16.5pp-38.6%-4.2pp-34.5%-41.3pp6.8%+24.9pp-18.1%+29.0pp-47.1%-46.8pp-0.3%-33.4pp33.1%+29.9pp3.1%-1.1pp4.3%-8.4pp12.7%-4.7pp17.4%-3.0pp20.4%+3.6pp16.8%
Return on EquityN/AN/AN/AN/AN/AN/AN/A-0.9%-92.9pp92.0%+40.4pp51.6%-36.3pp87.9%-251.5pp339.4%+254.0pp85.4%+12.2pp73.2%+29.5pp43.7%
Return on Assets1.4%+26.1pp-24.7%+11.5pp-36.2%-9.1pp-27.1%-31.7pp4.7%+29.6pp-25.0%+52.6pp-77.6%-77.2pp-0.4%-36.4pp36.0%+31.5pp4.5%-1.7pp6.2%-11.2pp17.4%-0.9pp18.3%-8.7pp27.0%-4.7pp31.7%
Current Ratio1.15+1.0x0.19-1.4x1.55-0.6x2.18-0.3x2.52+1.1x1.40-0.7x2.10+0.2x1.93-0.5x2.48+0.3x2.19-0.2x2.37+0.2x2.15+0.3x1.84-1.0x2.85+1.2x1.63
Debt-to-EquityN/AN/AN/AN/AN/AN/AN/A1.12-0.1x1.19-6.5x7.69-2.6x10.24-4.2x14.42+11.9x2.50+1.3x1.24+0.9x0.38
FCF Margin-3.0%+0.1pp-3.1%+11.9pp-15.0%+14.8pp-29.9%+4.7pp-34.6%-27.8pp-6.9%-13.7pp6.9%-0.8pp7.7%+1.8pp5.9%-4.5pp10.4%-4.8pp15.1%+2.9pp12.3%-7.4pp19.7%+5.5pp14.2%-8.2pp22.5%

Note: Shareholder equity is negative (-$110.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Frequently Asked Questions

What is Altisource Portfolio Solutions S.A.'s annual revenue?

Altisource Portfolio Solutions S.A. (ASPSZ) reported $171.0M in total revenue for fiscal year 2025. This represents a 6.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Altisource Portfolio Solutions S.A.'s revenue growing?

Altisource Portfolio Solutions S.A. (ASPSZ) revenue grew by 6.8% year-over-year, from $160.1M to $171.0M in fiscal year 2025.

Is Altisource Portfolio Solutions S.A. profitable?

Yes, Altisource Portfolio Solutions S.A. (ASPSZ) reported a net income of $1.9M in fiscal year 2025, with a net profit margin of 1.1%.

Altisource Portfolio Solutions S.A. (ASPSZ) reported diluted earnings per share of $0.15 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Altisource Portfolio Solutions S.A. (ASPSZ) had EBITDA of $6.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Altisource Portfolio Solutions S.A. (ASPSZ) had $26.6M in cash and equivalents against $189.9M in long-term debt.

Altisource Portfolio Solutions S.A. (ASPSZ) had a gross margin of 28.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Altisource Portfolio Solutions S.A. (ASPSZ) had an operating margin of 0.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Altisource Portfolio Solutions S.A. (ASPSZ) had a net profit margin of 1.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Altisource Portfolio Solutions S.A. (ASPSZ) recorded an outflow of $5.1M in free cash flow during fiscal year 2025. This represents a -2.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Altisource Portfolio Solutions S.A. (ASPSZ) recorded an outflow of $5.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

Altisource Portfolio Solutions S.A. (ASPSZ) had $139.8M in total assets as of fiscal year 2025, including both current and long-term assets.

Altisource Portfolio Solutions S.A. (ASPSZ) invested $69K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Altisource Portfolio Solutions S.A. (ASPSZ) had 11M shares outstanding as of fiscal year 2025.

Altisource Portfolio Solutions S.A. (ASPSZ) had a current ratio of 1.15 as of fiscal year 2025, which is considered adequate.

Altisource Portfolio Solutions S.A. (ASPSZ) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Altisource Portfolio Solutions S.A. (ASPSZ) had $26.6M in cash against an annual operating cash burn of $5.1M. This gives an estimated cash runway of approximately 63 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Altisource Portfolio Solutions S.A. (ASPSZ) has negative shareholder equity of -$110.2M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Altisource Portfolio Solutions S.A. (ASPSZ) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

For every $1 of reported earnings, Altisource Portfolio Solutions S.A. (ASPSZ) used $2.63 of operating cash (-$5.1M OCF vs $1.9M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Altisource Portfolio Solutions S.A. (ASPSZ) has an interest coverage ratio of 0.03x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

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