ASPS
Altisource Portfolio Solutions S.A.6.48
+0.21+3.35%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
71.24MP/E (TTM)
-Basic EPS (TTM)
-1.64Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Altisource Portfolio Solutions posted Q3 FY2025 revenue of $41.9M, up 3% y/y from $40.5M, with service revenue climbing 4% to $39.7M on stronger foreclosure trustee and property renovation volumes in the Servicer and Real Estate segment, though origination dipped slightly. Gross profit slipped to $11.3M (29% margin) from $12.1M (32% margin) y/y, reflecting a shift toward lower-margin renovation work, while SG&A edged down 1% to $10.8M on reduced professional fees. Operating income fell 53% to $0.5M, but interest expense plunged 76% to $2.4M after the February debt exchange slashed debt to $172M from $233M, yielding a net loss of $2.4M or $(0.22) per diluted share versus $(9.4M) or $(2.61) last year; YTD, net income hit $8.8M or $0.81 per diluted share on a $15.1M tax benefit from reversed uncertain positions. Cash stood at $28.6M with $32.5M including restricted, and free cash flow ran negative at $(4.9M) derived from $(4.6M) operating cash minus $0.3M capex. Debt covenants remain intact, but Onity's regulatory woes pose revenue risks.
8-K
Q3 revenue up, loss narrows
Altisource reported third-quarter 2025 service revenue of $39.7 million, up 4% from last year, while narrowing its net loss to $2.4 million from $9.4 million, thanks to lower interest expense and cost discipline. New business wins promise $14.4 million in annual service revenue on a stabilized basis. Sales pipeline spans $33.6 million to $42.0 million. Debt exchange costs weighed on results.
8-K
Warrants now exercisable
Altisource Portfolio Solutions S.A. announced on August 4, 2025, that its stakeholder warrants—issued in March 2025 under a warrant agent agreement—became exercisable after the common stock's VWAP surpassed the implied per share exercise price for 15 straight trading days ending July 25. This unlocks cash exercise and cashless options for holders to acquire common shares. Warrants activate post-July 2 threshold. Investors now eye potential dilution from exercises.
10-Q
Q2 FY2025 results
Altisource Portfolio Solutions swung to profitability in Q2 FY2025 ended June 30, 2025, with revenue climbing 11% year-over-year to $43.3 million on stronger demand for property renovation and foreclosure trustee services, while origination volumes edged up 13% y/y. Gross margins held steady at 32%, but operating income jumped 55% y/y to $3.2 million as selling expenses fell 8% y/y, reflecting tighter cost controls. The February debt exchange slashed interest costs 73% y/y to $2.6 million, and a $16.5 million tax benefit from resolved uncertain positions propelled net income to $16.6 million, or $1.48 diluted EPS—up from a $8.3 million loss last year (derived from statements). Cash stood at $30.0 million with $193.9 million in net long-term debt under the new facility maturing 2030, bolstered by $12.5 million super senior funding; free cash flow not disclosed in the 10-Q. Onity drove 43% of revenue, underscoring customer concentration risks amid its regulatory scrutiny.
8-K
Q2 revenue up 11%, profit surges
Altisource reported Q2 2025 service revenue of $40.8 million, up 11% from last year, with Adjusted EBITDA rising 23% to $5.4 million amid low delinquency rates. Net income swung to $16.6 million profit, boosted by a $18.5 million tax reserve reversal on India operations, while a May 28 reverse stock split consolidated shares 1-for-8. Management eyes growth in countercyclical segments. Delinquencies remain subdued.
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