Earnings Releases·Oct 29, 2026, 7:02 AM ET

Altisource Portfolio Solutions S.A. — Third Quarter 2026 Earnings Summary

Service revenue rose 26% year-over-year to $49.8 million, while total revenue increased 24% to $51.9 million; adjusted diluted EPS improved 30% to $0.13 and net loss narrowed 42% to $(1.4) million.
Management outlined "Project 45," targeting a $45 million run-rate Adjusted EBITDA by Q4 2028, supported by AI initiatives and a 96% year-over-year growth in revenue from customers outside Onity and Rithm.
The company recognized a $1.0 million gain on early debt extinguishment in the first nine months of 2026, having repurchased debt under the New Facility at a 23.7% discount.
Industrywide foreclosure initiations and sales were up 20% and 17% respectively compared to the prior year, though mortgage origination unit volume declined 6% in the quarter.
Cash and cash equivalents ended the quarter at $25.1 million, while adjusted EBITDA margin decreased to 8.5% from 9.1% due to revenue mix changes and continued growth investments.