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Altisource Portfolio Solutions S.A. 10-Q Filings

ASPS NASDAQ

Every 10-Q that Altisource Portfolio Solutions S.A. (ASPS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow ASPS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ASPS filings page.

Rhea-AI Summary

Altisource Portfolio Solutions S.A. reported second‑quarter 2026 revenue of $50,663 (in thousands), up from $43,288, and first‑half revenue of $98,247 (in thousands) versus $86,727 a year earlier. Gross profit was essentially flat while higher selling, general and administrative costs reduced income from operations to $1,131 (in thousands). After interest expense of $4,238 (in thousands) for the first half and an income tax provision instead of the large benefit recorded in 2025, the company posted a net loss attributable to Altisource of $562 (in thousands) for the quarter and $1,197 (in thousands) year‑to‑date.

As of June 30, 2026, Altisource held $23,186 (in thousands) of cash and cash equivalents and reported principal long‑term debt of $168,994 (in thousands), contributing to a shareholders’ deficit of $109,329 (in thousands). Operating activities used $2,177 (in thousands) of cash in the first half, a smaller outflow than in 2025, and the company repurchased $2,000 (in thousands) of New Facility debt at a discount, recognizing a $696 (in thousands) gain. The customer base remains concentrated: services to Onity represented 33% of first‑half revenue, and Altisource discloses that the migration of mortgage servicing rights related to Rithm is expected to reduce future revenue from both Onity and Rithm.

Rhea-AI Summary

Altisource Portfolio Solutions reported first-quarter 2026 revenue of $47.6 million, up from $43.4 million a year earlier, as its Origination segment grew strongly. Net loss attributable to Altisource narrowed sharply to $0.6 million, compared with $5.3 million in the prior-year quarter, while basic and diluted loss per share improved to $(0.06) from $(0.74).

Operating income declined to $1.7 million from $3.2 million as selling, general and administrative expenses increased. Interest expense fell to $2.1 million from $4.9 million, reflecting prior debt restructuring, and operating cash flow turned positive at $4.5 million versus an outflow of $5.0 million.

The company ended March 31, 2026 with cash, cash equivalents and restricted cash of $33.7 million and total assets of $142.2 million, against total principal debt of $171.3 million. Customer concentration remained high: Onity accounted for 37% of total revenue, and Altisource is transferring Rithm-related real estate owned assets back to Rithm, which is expected to reduce related revenue in 2026.

Rhea-AI Summary

Altisource Portfolio Solutions (ASPS) filed its Q3 2025 report. Revenue was $41.9 million versus $40.5 million a year ago, with gross profit of $11.3 million. Selling, general and administrative expenses were $10.8 million, resulting in income from operations of $0.5 million. Interest expense fell to $2.4 million from $10.0 million, and the quarter ended with a net loss attributable to Altisource of $2.4 million, an improvement from a $9.4 million loss last year.

For the first nine months, revenue reached $128.6 million versus $119.1 million, and net income attributable to Altisource was $8.8 million, aided by a $15.1 million income tax benefit. Cash and cash equivalents were $28.6 million. The company completed a debt exchange, replacing $232.8 million of prior term loans with a $160.0 million new first lien facility and issued 7.3 million shares; it also added a $12.5 million super senior facility. Long‑term debt, net, was $191.3 million.

Altisource executed a 1‑for‑8 share consolidation on May 28, 2025. Customer concentration remained high: Onity accounted for 42% of Q3 consolidated revenue.