Recent Updates — ASPS
Altisource Portfolio Solutions S.A. reported financial results for the second quarter ended June 30, 2026. Service revenue grew 19% year-over-year to $48.7 million. The company reported a net loss attributable to Altisource of $0.6 million and a diluted loss per share of $(0.05), compared to a net benefit of $18.5 million and diluted earnings per share of $1.48 in the same quarter of 2025, primarily due to the absence of a prior-year tax reserve reversal. Adjusted EBITDA was $4.4 million, down 18% from $5.4 million in Q2 2025. The company repurchased $2.0 million of debt at a 23.7% discount, resulting in a $0.7 million gain. Altisource aims to reach a $45 million run rate Adjusted EBITDA by Q4 2028. The company is an integrated service provider and marketplace for the real estate and mortgage industries.