ALTISOURCE PORTFOLIO SOLUTIONS S.A.

Listed Company

ASPSWCIK 0001462418NasdaqNon-AcceleratedSmaller ReportingServices-Miscellaneous Business ServicesN4FY ends Dec 31

Period

FY 2025

Revenue

$170.97M

Net Income

$1.93M

Total Assets

$139.80M

Equity

$-110.21M

Shares Out

11.28M

Op. Cash Flow

$-5.07M

Business

ALTISOURCE PORTFOLIO SOLUTIONS S.A. is an integrated service provider and marketplace serving the real estate and mortgage industries. It offers property preservation and inspection, title and settlement services, real estate valuation, foreclosure trustee and renovation services, an online auction platform and brokerage, asset management, and a suite of technology and SaaS products. The company operates through Servicer and Real Estate, Origination, and Corporate and Others reportable segments and manages cooperative services for Lenders One. Its customers are primarily U.S.-based financial institutions, GSEs, servicers, originators, investors and brokerages, with services delivered via direct contractual engagements, online marketplaces and SaaS platforms.

Summary from filing dated 2025-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	171	160	145	153	178
Cost of revenue	122	111	115	131	171
Gross profit	49	50	30	22	7
Selling, general and administrative expenses	41	46	46	55	67
Litigation settlement loss (Note 22)	8	0	—	—	—
Loss on sale of business	0	700,000	0	242,000	−89
Income from operations	417,000	3	−17	−33	29
Interest expense	−12	−39	−36	—	—
Debt exchange transaction expenses	−4	0	—	—	—
Other income (expense), net	1	3	3	2	864,000
Total other income (expense), net	−15	−36	−36	−14	−14
Loss before income taxes and non-controlling interests	−14	−33	−52	−48	15
Income tax benefit (provision)	16	−3	−4	−5	−3
Net income (loss)	2	−35	−56	−53	12
Net income attributable to non-controlling interests	−313,000	−188,000	−228,000	−585,000	−241,000
Net income (loss) attributable to Altisource	2	−36	−56	−53	12
Basic (in USD per share)	0.16	−9.99	−2.51	−3.32	0.75
Diluted (in USD per share)	0.15	−9.99	−2.51	−3.32	0.74
Basic (in shares)	10	4	22	16	16
Diluted (in shares)	11	4	22	16	16
Comprehensive income (loss), net of tax	2	−35	−56	−53	12
Comprehensive income attributable to non-controlling interests	−313,000	−188,000	−228,000	−585,000	−241,000
Comprehensive income (loss) attributable to Altisource	2	−36	−56	−53	12

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	27	30	33	51	98
Accounts receivable, net of allowance for credit losses of $2,492 and $3,124, respectively	18	15	12	13	18
Prepaid expenses and other current assets	10	6	11	24	22
Total current assets	54	51	56	88	138
Premises and equipment, net	253,000	701,000	2	4	7
Right-of-use assets under operating leases	1	2	3	5	8
Goodwill	56	56	56	56	56
Intangible assets, net	17	21	27	32	37
Deferred tax assets, net	6	6	5	5	6
Other assets	5	7	7	5	6
Total assets	140	144	155	195	258
Accounts payable and accrued expenses	40	34	30	34	47
Current portion of long-term debt	1	231	0	—	—
Deferred revenue	3	4	3	4	4
Other current liabilities	3	3	2	3	4
Total current liabilities	47	271	36	40	55
Long-term debt	190	0	216	245	244
Deferred tax liabilities, net	9	9	9	9	9
Other non-current liabilities	4	20	20	20	19
Commitments, contingencies and regulatory matters (Note 22)	—	—	—	—	—
Common stock ($0.01 par value; 250,000 shares authorized, 11,021 issued and 10,994 outstanding as of December 31, 2025; 3,745 issued and 3,403 outstanding as of December 31, 2024)	110,000	37,000	30	25	25
Additional paid-in capital	257	212	177	149	144
Accumulated deficit	−364	−260	−180	119	187
Treasury stock, at cost (27 shares as of December 31, 2025 and 342 shares as of December 31, 2024)	−4	−109	−153	—	—
Altisource deficit	−110	−157	−126	−120	−70
Non-controlling interests	751,000	665,000	615,000	775,000	1
Total deficit	−109	−157	−125	−119	−69
Total liabilities and deficit	140	144	155	195	258

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	500,000	1	2	3	5
Amortization of right-of-use assets under operating leases	1	2	2	3	8
Amortization of intangible assets	5	5	5	5	10
PIK accrual	0	9	7	0	—
Share-based compensation expense	4	5	5	5	3
Bad debt expense	228,000	840,000	858,000	885,000	1
Amortization of debt premium	−4	0	—	—	—
Amortization of debt discount	915,000	4	4	661,000	665,000
Amortization of debt issuance costs	550,000	2	2	932,000	847,000
Deferred income taxes	−1	−684,000	45,000	1	−705,000
Loss on disposal of fixed assets	0	14,000	121,000	10,000	47,000
Accounts receivable	−3	−4	449,000	4	3
Prepaid expenses and other current assets	−2	2	12	−2	1
Other assets	2	268,000	−2	341,000	902,000
Accounts payable and accrued expenses	6	4	−3	−13	−8
Current and non-current operating lease liabilities	−1	−2	−2	−3	−9
Other current and non-current liabilities	−16	2	1	1	2
Net cash used in operating activities	−5	−5	−22	−45	−60
Additions to premises and equipment	−69,000	−3,000	0	−863,000	−1
Proceeds from the sale of business	0	2	0	346,000	104
Other investing activities	−250,000	0	0	−250,000	0
Net cash (used in) provided by investing activities	−319,000	2	0	−767,000	103
Proceeds from the Super Senior Facility	11	0	—	—	—
Debt issuance costs	−2	0	—	0	−531,000
Repayments of long-term debt	−934,000	0	−30	0	—
Equity issuance costs	−4	0	—	—	—
Purchase of fractional shares	−1,000	0	—	—	—
(Repayment of) proceeds from revolving loan	−1	1	0	—	—
Proceeds from exercise of warrants, net of costs	31,000	−90,000	0	—	—
Distributions to non-controlling interests	−227,000	−138,000	−388,000	−1	−2
Payments of tax withholding on issuance of restricted share units and restricted shares	−361,000	−717,000	−532,000	−1	−1
Net cash provided by financing activities	3	55,000	3	−2	−2
Net decrease in cash, cash equivalents and restricted cash	−2	−3	−19	−48	40
Interest paid	15	24	23	15	13
Income taxes paid, net	−13,000	2	−4	3	2
Acquisition of right-of-use assets with operating lease liabilities	325,000	488,000	500,000	920,000	7
Reduction of right-of-use assets from operating lease modifications or reassessments	−162,000	−87,000	−671,000	−463,000	−6
Equity issued in exchange for debt reduction	45	0	—	—	—

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