Quarterly ResultJul 23, 2026, 07:07 AM
Altisource Q2 Net Loss $(0.56)M; Revenue $50.66M
AI Summary
Altisource reported a net loss of $(0.56) million for Q2 2026, a significant decline from a net income of $16.58 million in Q2 2025, despite a 17% increase in revenue to $50.66 million. The company's largest customer, Onity, contributed a smaller percentage of total revenue, and the transfer of Rithm MSRs is expected to further impact referrals. Altisource also repurchased $2.0 million of debt at a discount, resulting in a $0.7 million gain.
Key Highlights
- Q2 2026 net loss attributable to Altisource was $(0.56) million, down from $16.58 million income in Q2 2025.
- Q2 2026 revenue increased 17% to $50.66 million from $43.29 million in Q2 2025.
- Basic EPS for Q2 2026 was $(0.05), compared to $1.51 in Q2 2025.
- Onity revenue decreased to 29% of total revenue in Q2 2026 from 43% in Q2 2025.
- Repurchased $2.0 million of debt in Q2 2026, generating a $0.7 million gain.
- Long-term debt decreased to $185.0 million from $189.86 million since Dec 2025.
- Net cash used in operating activities improved to $(2.18) million YTD 2026.
Price Impact
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