Quarterly ResultJul 23, 2026, 07:09 AM
Altisource Q2 Service Revenue +19% to $48.7M; Net Loss $(0.6)M
AI Summary
Altisource reported Q2 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, a significant decline compared to the prior year due to an $18.5 million tax benefit in Q2 2025. Despite the net loss and an 18% decrease in Adjusted EBITDA, Altisource achieved sequential and year-over-year service revenue growth in both segments, reduced outstanding debt, and saw Hubzu inventory grow 30% since Q1 2026.
Key Highlights
- Service revenue increased 19% year-over-year to $48.7 million in Q2 2026.
- Net loss attributable to Altisource was $(0.6) million, compared to $16.6 million net income in Q2 2025.
- Adjusted EBITDA decreased 18% year-over-year to $4.4 million, with a 9% margin.
- Adjusted diluted earnings per share was $0.17, down from $0.19 in the prior year quarter.
- The company repurchased $2.0 million of debt at a 23.7% discount, recognizing a $0.7 million gain.
- Total Hubzu inventory grew 30% since Q1 2026, reaching 22.3 thousand units.
- Ended the quarter with $23.2 million in cash and cash equivalents.
- Estimated weighted average sales pipeline is between $25.1 million and $31.3 million in annual revenue.
Price Impact
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