Quarterly ResultJul 23, 2026, 07:07 AM
Altisource Q2 Service Revenue +19% to $48.7M; Adj. EPS $0.17
AI Summary
Altisource Portfolio Solutions S.A. reported its second quarter 2026 financial results, with Service revenue increasing 19% year-over-year to $48.7 million. The company posted a Net loss attributable to Altisource of $(0.6) million and a diluted loss per share of $(0.05), while Adjusted diluted earnings per share stood at $0.17. Adjusted EBITDA declined 18% to $4.4 million, partly due to a non-recurring benefit in Q2 2025 and higher costs supporting revenue growth. Management expressed satisfaction with performance, highlighting sequential and year-over-year revenue growth, debt reduction, and the deployment of AI initiatives aimed at improving product development and EBITDA margins.
Key Highlights
- Q2 2026 Service revenue grew 19% year-over-year to $48.7 million.
- Reported a Net loss attributable to Altisource of $(0.6) million.
- Diluted loss per share was $(0.05).
- Adjusted diluted earnings per share was $0.17.
- Adjusted EBITDA decreased 18% year-over-year to $4.4 million.
- Repurchased $2.0 million of debt at a 23.7% discount, recognizing a $0.7 million gain.
- Cash used in operating activities increased to $6.6 million.
- Total Hubzu inventory grew 30% since Q1 2026.
Price Impact
More from ASPS