Altisource Portfolio Solutions reported stronger results for 2025, moving from a large loss to modest profitability and outlining growth plans for 2026. Service revenue rose 7% to $161.3 million, while loss before income taxes narrowed sharply to $14.1 million from $32.9 million in 2024.
Net income attributable to Altisource improved to $1.6 million, a $37.3 million swing, with diluted earnings per share of $0.15. Adjusted EBITDA increased 5% to $18.3 million, although the margin dipped to 11% because of product mix. Cash and cash equivalents stood at $26.6 million at year-end.
Management highlighted sales wins expected to generate $41.5 million in potential annualized service revenue across its segments and a weighted average pipeline of $30.4–$38.0 million. For 2026, the company forecasts Service revenue of $165–$185 million, Adjusted EBITDA of $15–$20 million and positive operating cash flow.
Altisource Portfolio Solutions reported stronger results for 2025, moving from a large loss to modest profitability and outlining growth plans for 2026. Service revenue rose 7% to $161.3 million, while loss before income taxes narrowed sharply to $14.1 million from $32.9 million in 2024.
Net income attributable to Altisource improved to $1.6 million, a $37.3 million swing, with diluted earnings per share of $0.15. Adjusted EBITDA increased 5% to $18.3 million, although the margin dipped to 11% because of product mix. Cash and cash equivalents stood at $26.6 million at year-end.
Management highlighted sales wins expected to generate $41.5 million in potential annualized service revenue across its segments and a weighted average pipeline of $30.4–$38.0 million. For 2026, the company forecasts Service revenue of $165–$185 million, Adjusted EBITDA of $15–$20 million and positive operating cash flow.
Altisource Portfolio Solutions reports a return to profitability and a major balance sheet overhaul for 2025. Service revenue rose by $10.9 million, or 7%, to $161.3 million. Net income attributable to Altisource was $1.6 million, a $37.3 million improvement, with diluted EPS of $0.15.
The company completed a large debt exchange, swapping $232.8 million of senior secured term loans for a $160.0 million new first lien loan and 7.3 million common shares, plus a new $12.5 million super senior facility. Management estimates annual cash and PIK interest fall by about $18 million, and GAAP interest expense by $23 million, while extending debt maturities.
Altisource also executed a 1‑for‑8 reverse stock split and distributed 70.5 million Stakeholder Warrants, exercisable for about 14.3 million shares at $9.5998. At year-end, cash and equivalents were $26.6 million, with 11,276,236 common shares outstanding as of February 26, 2026. Key risks include heavy revenue dependence on Onity (42% of 2025 revenue) and changing relationships with Rithm, as well as extensive regulatory, technology, cybersecurity and liquidity risks highlighted in the detailed risk factors.
Altisource Portfolio Solutions reports a return to profitability and a major balance sheet overhaul for 2025. Service revenue rose by $10.9 million, or 7%, to $161.3 million. Net income attributable to Altisource was $1.6 million, a $37.3 million improvement, with diluted EPS of $0.15.
The company completed a large debt exchange, swapping $232.8 million of senior secured term loans for a $160.0 million new first lien loan and 7.3 million common shares, plus a new $12.5 million super senior facility. Management estimates annual cash and PIK interest fall by about $18 million, and GAAP interest expense by $23 million, while extending debt maturities.
Altisource also executed a 1‑for‑8 reverse stock split and distributed 70.5 million Stakeholder Warrants, exercisable for about 14.3 million shares at $9.5998. At year-end, cash and equivalents were $26.6 million, with 11,276,236 common shares outstanding as of February 26, 2026. Key risks include heavy revenue dependence on Onity (42% of 2025 revenue) and changing relationships with Rithm, as well as extensive regulatory, technology, cybersecurity and liquidity risks highlighted in the detailed risk factors.
Altisource Portfolio Solutions S.A. reported an insider tax-related share disposition by its Chief Legal/Compliance Officer, Gregory J. Ritts. On February 25, 2026, 5,821 shares of common stock were withheld to cover his tax obligation upon vesting of previously granted restricted share units.
After this tax-withholding disposition, 9,912 shares were delivered to Mr. Ritts, and his direct holdings increased to 49,027 common shares, which include 3,933 RSUs previously reported. The transaction did not involve an open-market sale for cash.
Altisource Portfolio Solutions S.A. reported an insider tax-related share disposition by its Chief Legal/Compliance Officer, Gregory J. Ritts. On February 25, 2026, 5,821 shares of common stock were withheld to cover his tax obligation upon vesting of previously granted restricted share units.
After this tax-withholding disposition, 9,912 shares were delivered to Mr. Ritts, and his direct holdings increased to 49,027 common shares, which include 3,933 RSUs previously reported. The transaction did not involve an open-market sale for cash.
Altisource Portfolio Solutions S.A. director and Chair/CEO William B. Shepro reported dispositions of company equity tied to restricted share unit vesting and estate planning. On the vesting of previously granted restricted share units, 3,700 shares of common stock were withheld to cover his tax obligation, with 6,300 shares delivered to him.
He then transferred 6,300 shares of Altisource common stock by bona fide gift from his direct ownership to the William B. Shepro Revocable Trust
Altisource Portfolio Solutions S.A. director and Chair/CEO William B. Shepro reported dispositions of company equity tied to restricted share unit vesting and estate planning. On the vesting of previously granted restricted share units, 3,700 shares of common stock were withheld to cover his tax obligation, with 6,300 shares delivered to him.
He then transferred 6,300 shares of Altisource common stock by bona fide gift from his direct ownership to the William B. Shepro Revocable Trust
Altisource Portfolio Solutions’ Chief Legal/Compliance Officer Gregory J. Ritts had company shares withheld to cover taxes on vesting restricted share units, rather than selling stock on the market. A total of 5,821 shares were withheld and 9,912 shares were delivered to him, leaving 55,911 shares owned, including 6,826 RSUs.
Altisource Portfolio Solutions’ Chief Legal/Compliance Officer Gregory J. Ritts had company shares withheld to cover taxes on vesting restricted share units, rather than selling stock on the market. A total of 5,821 shares were withheld and 9,912 shares were delivered to him, leaving 55,911 shares owned, including 6,826 RSUs.
Altisource Portfolio Solutions reported that Chief Financial Officer Michelle D. Esterman had 4,394 shares of common stock withheld to cover tax obligations when previously granted time-based RSUs vested under the 2024 Annual Incentive Plan. After this tax-withholding disposition, she beneficially owns 107,322 common shares, including 4,512 RSUs, and received 13,653 net shares from the vesting.
Altisource Portfolio Solutions reported that Chief Financial Officer Michelle D. Esterman had 4,394 shares of common stock withheld to cover tax obligations when previously granted time-based RSUs vested under the 2024 Annual Incentive Plan. After this tax-withholding disposition, she beneficially owns 107,322 common shares, including 4,512 RSUs, and received 13,653 net shares from the vesting.
ALTISOURCE PORTFOLIO SOLUTIONS S.A. Chairman and CEO William B. Shepro reported multiple equity compensation changes on February 20, 2026. He received 5,877 shares of common stock upon vesting of previously granted time-based restricted share units (RSUs), with 2,173 shares withheld to cover taxes and 3,704 shares delivered to him.
On the same date, 3,256 additional RSUs vested into common stock, and Shepro continues to hold 12,500 RSUs directly. Footnotes note that 3,256 RSUs are scheduled to vest on February 20, 2027. He also transferred 3,704 shares by gift from his direct ownership to the William B. Shepro Revocable Trust, which now holds 223,980 shares indirectly.
ALTISOURCE PORTFOLIO SOLUTIONS S.A. Chairman and CEO William B. Shepro reported multiple equity compensation changes on February 20, 2026. He received 5,877 shares of common stock upon vesting of previously granted time-based restricted share units (RSUs), with 2,173 shares withheld to cover taxes and 3,704 shares delivered to him.
On the same date, 3,256 additional RSUs vested into common stock, and Shepro continues to hold 12,500 RSUs directly. Footnotes note that 3,256 RSUs are scheduled to vest on February 20, 2027. He also transferred 3,704 shares by gift from his direct ownership to the William B. Shepro Revocable Trust, which now holds 223,980 shares indirectly.
ALTISOURCE PORTFOLIO SOLUTIONS S.A. Chief Legal/Compliance Officer Gregory J. Ritts reported equity compensation activity tied to restricted share units. On February 20, 2026, he received 1,967 shares of common stock upon vesting of time-based RSUs under the company’s 2024 Long Term Incentive Plan and 2023 Annual Incentive Plan.
Of these 1,967 vested RSUs, 904 shares were withheld to cover tax obligations, and 1,063 shares were delivered to him. He also received 796 shares from another RSU vesting, with 794 RSUs scheduled to vest on February 20, 2027. After these transactions, he directly held 51,526 shares of common stock, and his holdings include 19,666 RSUs, each representing a contingent right to one share.
ALTISOURCE PORTFOLIO SOLUTIONS S.A. Chief Legal/Compliance Officer Gregory J. Ritts reported equity compensation activity tied to restricted share units. On February 20, 2026, he received 1,967 shares of common stock upon vesting of time-based RSUs under the company’s 2024 Long Term Incentive Plan and 2023 Annual Incentive Plan.
Of these 1,967 vested RSUs, 904 shares were withheld to cover tax obligations, and 1,063 shares were delivered to him. He also received 796 shares from another RSU vesting, with 794 RSUs scheduled to vest on February 20, 2027. After these transactions, he directly held 51,526 shares of common stock, and his holdings include 19,666 RSUs, each representing a contingent right to one share.
ALTISOURCE PORTFOLIO SOLUTIONS S.A. Chief Financial Officer Michelle D. Esterman reported equity award activity tied to restricted share units rather than open-market trading. She received 2,224 shares of common stock upon vesting of previously granted time-based RSUs under the 2024 Long Term Incentive Plan and 2023 Annual Incentive Plan, with 540 shares withheld to cover taxes and 1,684 shares delivered. An additional 796 shares vested from earlier RSU awards, and 794 RSUs from that grant are scheduled to vest on February 20, 2027. After these transactions, she directly owns 111,716 shares of common stock and 22,559 RSUs, each representing a contingent right to one share.
ALTISOURCE PORTFOLIO SOLUTIONS S.A. Chief Financial Officer Michelle D. Esterman reported equity award activity tied to restricted share units rather than open-market trading. She received 2,224 shares of common stock upon vesting of previously granted time-based RSUs under the 2024 Long Term Incentive Plan and 2023 Annual Incentive Plan, with 540 shares withheld to cover taxes and 1,684 shares delivered. An additional 796 shares vested from earlier RSU awards, and 794 RSUs from that grant are scheduled to vest on February 20, 2027. After these transactions, she directly owns 111,716 shares of common stock and 22,559 RSUs, each representing a contingent right to one share.
ALTISOURCE PORTFOLIO SOLUTIONS S.A. Chief Legal/Compliance Officer Gregory J. Ritts reported equity award activity tied to restricted share units. On February 19, 2026, 31,115 RSUs vested into the same number of shares of common stock under the Altisource 2009 Equity Incentive Plan.
Of those vested shares, 14,657 shares of common stock were withheld to cover tax obligations, and 16,458 shares were delivered to Mr. Ritts. Following these transactions, he directly owned 50,463 shares of common stock, and the reported holdings also include 19,666 RSUs. An additional 62,229 RSUs from the same award are scheduled to vest in two installments on February 19, 2027 and February 19, 2028.
ALTISOURCE PORTFOLIO SOLUTIONS S.A. Chief Legal/Compliance Officer Gregory J. Ritts reported equity award activity tied to restricted share units. On February 19, 2026, 31,115 RSUs vested into the same number of shares of common stock under the Altisource 2009 Equity Incentive Plan.
Of those vested shares, 14,657 shares of common stock were withheld to cover tax obligations, and 16,458 shares were delivered to Mr. Ritts. Following these transactions, he directly owned 50,463 shares of common stock, and the reported holdings also include 19,666 RSUs. An additional 62,229 RSUs from the same award are scheduled to vest in two installments on February 19, 2027 and February 19, 2028.