Financial Performance Highlights - Total Company Service revenue grew by 11% to $40.8 million compared to Q2 2024[19] - Total Company Adjusted EBITDA increased by 23% to $5.4 million compared to Q2 2024[19] - Servicer and Real Estate segment service revenue increased by 10% to $32.0 million[24] - Origination segment service revenue increased by 13% to $8.8 million[32] - Q2 2025 net income attributable to Altisource reflects an income tax benefit from the reversal of certain tax reserves related to India operations[19] Segment Performance - Servicer and Real Estate segment Adjusted EBITDA increased by 8% to $12.0 million, with margins declining slightly to 37.4% due to revenue mix[24] - Origination segment Adjusted EBITDA increased by 81% to $0.9 million, driven by stronger margins and service revenue growth[32] - Corporate Adjusted EBITDA loss was $7.5 million, $0.3 million higher than Q2 2024[40] Market Environment - Despite low delinquency rates, foreclosure starts increased by 15% in April and May 2025 compared to the same period in 2024, but were 29% lower than the same period in 2019[44] - Foreclosure sales in April and May 2025 were 10% higher than the same period in 2024 but were 47% lower than the same period in 2019[44] - Q2 2025 mortgage origination unit volume increased 27% compared to Q2 2024, with refinance activity increasing 89%[44]

Core Insights - Ohmyhome Ltd. reported a total revenue increase of 118% to S$10.9 million for the fiscal year ended December 31, 2024, compared to S$5.0 million in 2023, indicating strong growth across all business segments [1][5] - The company achieved a gross margin of 40.5%, up from 33.0% in 2023, reflecting operational efficiencies and an improved segment mix [2][5] - EBITDA loss narrowed significantly to S$3.4 million from S$5.1 million in the prior year, with the EBITDA loss margin improving from -103% to -31%, showcasing strong operating leverage [3][5] Financial Performance - Brokerage revenue grew by 39% year-over-year to S$3.9 million, accounting for 36% of total revenue, supported by the deployment of HomerAI and enhanced marketing initiatives [6] - Property Management revenue surged 394% to S$4.2 million, driven by increased demand for tech-enabled estate management solutions following the acquisition of Simply Sakal [6] - Emerging and Other Services revenue increased by 109% to S$2.8 million, primarily due to a rise in office renovation projects [6] Balance Sheet Highlights - Total assets increased modestly to S$10.8 million, while total liabilities decreased to S$4.5 million from S$6.3 million, mainly due to loan repayments [7] - Shareholders' equity strengthened from S$4.0 million to S$6.3 million, indicating improved financial stability [7] Future Outlook - Ohmyhome aims to scale its core businesses through enhanced marketing strategies, AI-powered customer engagement, and further penetration into the condominium market, which are expected to drive continued revenue growth and margin expansion [4]

Financial Performance Highlights - Altisource's service revenue increased by 10% to $150.4 million in 2024 compared to $136.6 million in 2023[14, 49] - Adjusted EBITDA improved by $18.3 million to $17.4 million in 2024, compared to a loss of $0.9 million in 2023[9, 14, 49] - Business Segments generated $44.6 million of Adjusted EBITDA at 29.7% Adjusted EBITDA margins, representing a $10.4 million improvement and a 462-basis points margin improvement[14] - Corporate Adjusted EBITDA loss declined by $7.9 million, or 22%, to $27.2 million, primarily from efficiency initiatives[14] - Q4 2024 service revenue reached $38.4 million, the highest since Q3 2021, with Adjusted EBITDA at $4.7 million, the strongest quarter since Q3 2020[16] Debt Restructuring - Altisource executed a Term Loan Exchange Transaction, reducing debt by over $60 million from $232.8 million to $172.5 million[9, 18] - The Term Loan Exchange Transaction reduced annual cash and payment-in-kind interest by approximately $18 million to $13.4 million[18] - The company also closed on a $12.5 million super senior credit facility to fund transaction costs and for general corporate purposes[18, 21] Segment Performance - Servicer and Real Estate segment service revenue increased by 11% to $119.9 million in 2024 compared to $107.8 million in 2023[23] - Servicer and Real Estate segment Adjusted EBITDA increased by 14% to $42.1 million in 2024 compared to $37.1 million in 2023, with margins improving to 35.1% from 34.4%[23] - Origination segment service revenue grew by 6% to $30.4 million in 2024 compared to $28.8 million in 2023[29, 31] - Origination segment Adjusted EBITDA improved by $5.4 million to $2.5 million in 2024 compared to a loss of $2.9 million in 2023[29, 31] 2025 Financial Guidance - Altisource anticipates service revenue between $165 million and $185 million and Adjusted EBITDA between $18 million and $23 million in 2025[42] - The guidance midpoint represents 16% annual service revenue and 18% Adjusted EBITDA growth over 2024[42] - The company expects positive operating cash flow in 2025[41, 43]