Workflow
Altisource Portfolio Solutions S.A.(ASPS)
icon
Search documents
Altisource Announces Form S-3 Filing Related to Shares Previously Issued to Lenders
Globenewswire· 2025-10-28 11:43
LUXEMBOURG, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, filed a Form S-3 Registration Statement with the Securities and Exchange Commission on October 24, 2025 related to the registration of the resale of the shares previously issued to its lenders under the Securities Act of 1933, as amended (the “Form S-3”). On February 19, 2025, Altisource entered into ...
Altisource Portfolio Solutions S.A. 2025 Q3 - Results - Earnings Call Presentation (NASDAQ:ASPS) 2025-10-23
Seeking Alpha· 2025-10-23 14:34
Group 1 - The article does not provide any relevant content regarding company or industry insights [1]
Altisource Portfolio Solutions S.A.(ASPS) - 2025 Q3 - Earnings Call Transcript
2025-10-23 13:32
Financial Data and Key Metrics Changes - The company reported a 4% increase in total service revenue to $39.7 million compared to Q3 2024, driven by growth in various business segments [4][5] - GAAP earnings per share and cash flow from operations improved, with a pre-tax loss of $1.7 million, an improvement of $6.8 million from the previous year [5][11] - Adjusted EBITDA was flat at $3.6 million, with a slight increase in adjusted EBITDA for the service earning real estate segment to $10 million, up 1% from the previous year [5][8] Business Line Data and Key Metrics Changes - The service earning real estate segment generated $31.2 million in revenue, a 3% increase from Q3 2024, while adjusted EBITDA margins declined to 32.1% due to a revenue mix shift [7][8] - The origination segment saw a 9% increase in service revenue to $8.5 million, but adjusted EBITDA remained flat at $900,000, with margins declining to 10.3% [9][10] Market Data and Key Metrics Changes - The residential mortgage default market showed 90-plus-day mortgage delinquency rates at 1.3%, with foreclosure starts increasing by 19% and sales by 10% year-over-year [11][12] - The real estate market is perceived to be weakening, indicated by higher inventory and extended sales timelines, affecting the percentage of homes sold at foreclosure auctions [12] Company Strategy and Development Direction - The company is focusing on diversifying its customer base and growing businesses with strong growth potential, such as renovation and risk management services [5][6] - There is an emphasis on maintaining cost discipline while pursuing growth opportunities in a low delinquency environment, positioning the company for potential revenue increases if market conditions change [13][14] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the third-quarter performance and the potential for continued growth, highlighting a strong sales pipeline and new business wins [13][17] - The company is well-positioned to benefit from increased loan delinquencies and foreclosure activity, which could enhance revenue and adjusted EBITDA in countercyclical businesses [14] Other Important Information - The cooperative brokerage agreement with Rhythm expired on August 31, but the company continues to manage REO and receive referrals [9] - The company won four new customers for the Equator platform, which are expected to generate additional revenue as they load more assets [15] Q&A Session Summary Question: Are the new customer wins for the Equator platform expected to translate to more inventory on Hubzu Marketplace? - Management confirmed that three of the four new customers are live and loading properties, which should generate revenue and facilitate cross-selling with Hubzu Marketplace [15]
Altisource Portfolio Solutions S.A.(ASPS) - 2025 Q3 - Earnings Call Transcript
2025-10-23 13:32
Financial Data and Key Metrics Changes - The company reported a 4% increase in total service revenue to $39.7 million compared to Q3 2024, driven by growth in various business segments [4][5] - Adjusted EBITDA was flat at $3.6 million, with service revenue growth offset by lower business segment margins [5] - The pre-tax loss improved by $6.8 million to a loss of $1.7 million in Q3 2025, primarily due to lower interest expenses [5][11] Business Line Data and Key Metrics Changes - The service earning real estate segment generated $31.2 million in revenue, a 3% increase from Q3 2024, with adjusted EBITDA of $10 million, reflecting a slight margin decline [7][8] - The origination segment saw service revenue rise by 9% to $8.5 million, but adjusted EBITDA remained flat at $900,000, with a decline in margins [9][10] Market Data and Key Metrics Changes - The residential mortgage default market showed 90+ day mortgage delinquency rates at 1.3%, with foreclosure starts increasing by 19% and sales by 10% year-over-year [11][12] - The real estate market is perceived to be weakening, indicated by higher inventory and extended sales timelines [12] Company Strategy and Development Direction - The company is focusing on diversifying its customer base and growing businesses with strong growth potential, such as renovation and risk management services [5][6] - The strategy includes maintaining cost discipline while capitalizing on countercyclical business opportunities as market conditions evolve [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the third-quarter results and the potential for continued growth, particularly in businesses that are expected to benefit from increasing loan delinquencies and foreclosure activity [13][14] - The company is well-positioned to leverage its strengths in a changing market environment, anticipating stronger revenue and adjusted EBITDA growth [14] Other Important Information - The cooperative brokerage agreement with Rhythm expired on August 31, but Altisource continues to manage REO and receive referrals [9] - The company won new business that is expected to generate $3.2 million in annual service revenue, with a significant sales pipeline of $24.4 million [8][10] Q&A Session Summary Question: Are the customer wins for the Equator platform expected to translate to more inventory on Hubzu Marketplace? - Management confirmed that new customers for the Equator platform are now live and loading properties, which should generate revenue as assets are loaded, with historical success in cross-selling to Hubzu [15]
Altisource Portfolio Solutions S.A.(ASPS) - 2025 Q3 - Earnings Call Transcript
2025-10-23 13:30
Financial Data and Key Metrics Changes - The company reported a 4% increase in total service revenue to $39.7 million compared to the same quarter last year, driven by growth in various business segments [6][7] - GAAP loss before income taxes improved by $6.8 million to a pretax loss of $1.7 million, primarily due to lower interest expenses [8] - Operating cash flow improved by $2.3 million year-over-year, ending the quarter with $28.6 million in unrestricted cash [8] Business Line Data and Key Metrics Changes - The servicer and real estate segment generated $31.2 million in service revenue, a 3% increase from the previous year, with adjusted EBITDA of $10 million [10] - The origination segment saw service revenue rise by 9% to $8.5 million, although adjusted EBITDA remained flat at $900,000 [12] - The corporate segment reported an adjusted EBITDA loss of $7.3 million, slightly higher than the previous year [14] Market Data and Key Metrics Changes - The residential mortgage default market showed a 19% increase in foreclosure starts and a 10% increase in foreclosure sales for the first eight months of 2025 compared to the same period in 2024 [15] - Mortgage origination unit volume increased by 17% year-over-year, with refinance volume up by 103% [16] Company Strategy and Development Direction - The company is focusing on diversifying its customer base and growing businesses with strong growth potential, such as Renovation and Granite Construction Risk Management [8][9] - The strategy includes maintaining cost discipline and reducing corporate interest expenses to support long-term growth [17] Management's Comments on Operating Environment and Future Outlook - Management noted that despite low delinquency rates, foreclosure starts and sales are increasing, indicating a potential shift in the market [15] - The company believes it is well-positioned to benefit from stronger revenue and adjusted EBITDA growth if loan delinquencies and foreclosure activities rise [17] Other Important Information - The cooperative brokerage agreement with Rhythm expired on August 31, but Altisource continues to manage REO and receive referrals [11] - The company won new business estimated to generate $3.2 million in annual service revenue, with a total weighted average sales pipeline of $24.4 million [10] Q&A Session Summary Question: Are the customer wins for the Equator platform expected to translate to more inventory on Hubzu in the future? - Yes, the company won four new customers for the Equator platform, with three now live and loading properties, which should generate revenue as more assets are loaded [19]
Altisource Portfolio Solutions S.A.(ASPS) - 2025 Q3 - Earnings Call Transcript
2025-10-23 13:30
Financial Data and Key Metrics Changes - The company reported a 4% increase in total service revenue to $39.7 million compared to Q3 2024, driven by growth in various business segments [4][5] - GAAP earnings before income taxes improved by $6.8 million to a pre-tax loss of $1.7 million in Q3 2025, compared to a pre-tax loss of $8.5 million in the same quarter last year [5] - Operating cash flow improved by $2.3 million year-over-year, ending the quarter with $28.6 million in unrestricted cash [5] Business Line Data and Key Metrics Changes - The service earning real estate segment generated $31.2 million in revenue, a 3% increase from Q3 2024, with adjusted EBITDA of $10 million, reflecting a slight increase of $100,000 [6][8] - The origination segment saw service revenue rise by 9% to $8.5 million, while adjusted EBITDA remained flat at $900,000, with margins declining to 10.3% [9][10] - The corporate segment reported an adjusted EBITDA loss of $7.3 million, which was $100,000 higher than the previous year [11] Market Data and Key Metrics Changes - The residential mortgage default market showed 90-plus-day mortgage delinquency rates at 1.3%, with foreclosure starts increasing by 19% and foreclosure sales by 10% year-over-year [11][12] - The real estate market is perceived to be weakening, indicated by higher inventory and extended sales timelines [12] - Mortgage origination unit volume increased by 17% year-to-date, with refinance volume up by 103% [12] Company Strategy and Development Direction - The company is focusing on diversifying its customer base and growing businesses with strong growth potential, such as renovation and Granite Construction Risk Management [5][6] - The strategy includes maintaining cost discipline while capitalizing on potential increases in loan delinquencies and foreclosure activities to drive revenue growth [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for continued growth, emphasizing the importance of new business wins and a strong sales pipeline [13] - The outlook suggests that if loan delinquencies and foreclosure activities increase, the company is well-positioned to benefit from stronger revenue and adjusted EBITDA growth [13] Other Important Information - The cooperative brokerage agreement with Rhythm expired on August 31, but the company continues to manage REO and receive referrals [9] - The company won four new customers for the Equator platform, with three already live, which is expected to generate additional revenue [15] Q&A Session Summary Question: Are the new customer wins for the Equator platform expected to translate to more inventory on Hubzu Marketplace? - Management confirmed that as new customers load assets onto the Equator platform, revenue generation is anticipated, and there is a history of successful cross-selling with Hubzu Marketplace [15]
Altisource Portfolio Solutions S.A.(ASPS) - 2025 Q3 - Earnings Call Presentation
2025-10-23 12:30
ALTISOURCE PORTFOLIO SOLUTIONS THIRD QUARTER 2025 SUPPLEMENTARY INFORMATION © 2025 Altisource All Rights Reserved. AUGUST 2022 Furthermore, we believe the exclusion of more significant non-operational items enables comparability to prior period performance and trend analysis. DISCLAIMER This presentation contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements include all statements that are not historical fact, including statements that relate t ...
Altisource Announces Third Quarter 2025 Financial Results
Globenewswire· 2025-10-23 11:07
Core Viewpoint - Altisource Portfolio Solutions S.A. reported solid financial performance for the third quarter of 2025, with growth in service revenue and improvements in earnings metrics compared to the same period in 2024 [2][5]. Company Financial Performance - Service revenue for Q3 2025 was $39.7 million, an increase of $1.5 million or 4% from Q3 2024 [5][6]. - The net loss attributable to Altisource was $2.4 million, representing a $7.0 million improvement compared to the same quarter of 2024 [5][6]. - Diluted loss per share improved to $(0.22), a $2.39 improvement from the same quarter in 2024 [5][6]. - Adjusted EBITDA for Q3 2025 was $3.6 million, roughly flat compared to Q3 2024, with an adjusted EBITDA margin of 9.1%, down from 9.5% in the same quarter of 2024 [5][6]. - The company ended the quarter with $28.6 million in cash and cash equivalents [5]. Business Segments Performance - Adjusted EBITDA in the Servicer and Real Estate and Origination segments improved to $10.9 million, or 27.5% of service revenue, compared to $10.8 million, or 28.3% of service revenue in Q3 2024 [5]. - The company generated sales wins estimated to represent potential annualized service revenue of $3.2 million for the Servicer and Real Estate segment and $11.2 million for the Origination segment [5][6]. Industry Context - Industrywide foreclosure initiations were 19% higher for the eight months ended August 31, 2025, compared to the same period in 2024 [5]. - Industrywide mortgage origination volume increased by 17% for the nine months ended September 30, 2025, driven by a 4% decline in purchase origination and a 103% increase in refinancing origination [5].
Altisource Portfolio Solutions S.A.(ASPS) - 2025 Q3 - Quarterly Results
2025-10-23 11:05
FOR FURTHER INFORMATION CONTACT: Exhibit 99.1 Company, Corporate and Financial: Business and Industry: 1 • Third quarter Service revenue of $39.7 million was $1.5 million, or 4%, higher than the same quarter of 2024 • Third quarter Loss before income taxes and non-controlling interests of $1.7 million was a $6.8 million improvement compared to the same quarter of 2024 • Third quarter Net loss attributable to Altisource of $2.4 million was a $7.0 million improvement compared to the same quarter of 2024 • Thi ...
Altisource Portfolio Solutions S.A.(ASPS) - 2025 Q3 - Quarterly Report
2025-10-23 11:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-34354 ALTISOURCE PORTFOLIO SOLUTIONS S.A. (Exact name of registrant as specified in its Charter) Luxembourg 98-0554932 (State ...