Altisource Portfolio Solutions S.A 8-K, filed Oct 29, 2026

Altisource Portfolio Solutions S.A. (ASPS)

8-K 2026-10-29 For: 2026-10-29

Added on October 29, 2026

About this 8-K

Altisource Portfolio Solutions S.A filed this 8-K on October 29, 2026.

Altisource Portfolio Solutions S.A. reported third quarter 2026 Service revenue of $49.8 million, up 26%, Adjusted EBITDA of $4.3 million, net loss attributable to Altisource of $(1.4) million, and cash and cash equivalents of $25.1 million. AI summary

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Emerging growth company	☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.		☐


Exhibit No.						Description
Exhibit 99.1						Press release issued by Altisource Portfolio Solutions S.A. dated October 29, 2026
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)


			Altisource Portfolio Solutions S.A.

			By:			/s/ Michelle D. Esterman
			Name:			Michelle D. Esterman
			Title:			Chief Financial Officer



FOR IMMEDIATE RELEASE			FOR FURTHER INFORMATION CONTACT:

			Michelle D. Esterman
			Chief Financial Officer
			T: (770) 612-7007
			E: Michelle.Esterman@altisource.com


(in thousands)(6)	September 30, 2025	June 30, 2026	September 30, 2026
Foreclosure Auction Inventory(5)	4.0	19.3	22.9
REO Inventory - Customers other than Rithm	0.7	2.6	2.8
REO Inventory - Rithm	1.0	0.4	0.2
Total Hubzu Inventory	5.7	22.3	26.0


(in thousands, except per share data)	Third Quarter 2026			Third Quarter 2025			% Change	Year-to-Date September 30, 2026			Year-to-Date September 30, 2025			% Change
Service revenue	$	49,847		$	39,666		26	$	143,666		$	121,348		18
Revenue	51,920			41,908			24	150,167			128,635			17
Gross profit	12,124			11,347			7	38,055			37,699			1
Income from operations	764			521			47	3,620			6,997			(48)
Adjusted operating income(1)	3,845			2,663			44	11,814			13,297			(11)
Loss before income taxes and non-controlling interests	(993)			(1,665)			40	(680)			(6,007)			89
Pretax loss attributable to Altisource(1)	(993)			(1,736)			43	(831)			(6,227)			87
Adjusted pretax income attributable to Altisource(1)	2,088			1,312			59	7,363			4,431			66
Adjusted EBITDA(1)	4,252			3,621			17	13,107			14,265			(8)
Net (loss) income attributable to Altisource	(1,399)			(2,396)			42	(2,596)			8,842			(129)
Adjusted net income attributable to Altisource(1)	1,520			1,092			39	5,646			3,115			81
Diluted (loss) earnings per share	(0.12)			(0.22)			45	(0.23)			0.81			(128)
Adjusted diluted earnings per share(1)	0.13			0.10			30	0.48			0.29			66
Net cash provided by (used in) operating activities	3,482			718			385	1,305			(4,560)			129
Net cash provided by (used in) operating activities less additions to premises and equipment(1)	2,912			697			318	366			(4,609)			108

Margins:
Gross profit / service revenue	24		%	29		%		26		%	31		%
Adjusted EBITDA(1) / service revenue	9		%	9		%		9		%	12		%

N/M - not meaningful


	Three months ended September 30,				Nine months ended September 30,
	2026		2025		2026		2025

Service revenue	$	49,847	$	39,666	$	143,666	$	121,348
Reimbursable expenses	2,073		2,171		6,350		7,067
Non-controlling interests	—		71		151		220
Total revenue	51,920		41,908		150,167		128,635
Cost of revenue	39,796		30,561		112,112		90,936
Gross profit	12,124		11,347		38,055		37,699

Selling, general and administrative expenses	11,360		10,826		34,435		30,702

Income from operations	764		521		3,620		6,997
Other income (expense), net:
Interest expense	(2,157)		(2,368)		(6,395)		(9,921)


Gain on early extinguishment of debt	312		—		1,008		—
Debt exchange transaction expenses	—		(194)		—		(3,646)
Other income (expense), net	88		376		1,087		563
Total other income (expense), net	(1,757)		(2,186)		(4,300)		(13,004)

Loss before income taxes and non-controlling interests	(993)		(1,665)		(680)		(6,007)
Income tax (provision) benefit	(406)		(660)		(1,765)		15,069

Net (loss) income	(1,399)		(2,325)		(2,445)		9,062
Net income attributable to non-controlling interests	—		(71)		(151)		(220)

Net (loss) income attributable to Altisource	$	(1,399)	$	(2,396)	$	(2,596)	$	8,842

(Loss) earnings per share:
Basic	$	(0.12)	$	(0.22)	$	(0.23)	$	0.91
Diluted	$	(0.12)	$	(0.22)	$	(0.23)	$	0.81

Weighted average shares outstanding:
Basic	11,422		10,988		11,294		9,755
Diluted	11,422		10,988		11,294		10,890

Comprehensive (loss) income:




Comprehensive (loss) income, net of tax	$	(1,399)	$	(2,325)	$	(2,445)	$	9,062
Comprehensive income attributable to non-controlling interests	—		(71)		(151)		(220)

Comprehensive (loss) income attributable to Altisource	$	(1,399)	$	(2,396)	$	(2,596)	$	8,842


	September 30, 2026		December 31, 2025

ASSETS
Current assets:
Cash and cash equivalents	$	25,055	$	26,603
Accounts receivable, net of allowance for credit losses of $1,984 and $2,492, respectively	26,670		17,984
Prepaid expenses and other current assets	6,140		9,690
Total current assets	57,865		54,277

Premises and equipment, net	990		253
Right-of-use assets under operating leases	612		1,117
Goodwill	55,960		55,960
Intangible assets, net	12,870		17,085
Deferred tax assets, net	6,218		6,342
Other assets	2,198		4,767

Total assets	$	136,713	$	139,801

LIABILITIES AND DEFICIT
Current liabilities:
Accounts payable and accrued expenses	$	46,296	$	39,595

Current portion of long-term debt	1,225		1,225
Deferred revenue	2,746		3,440
Other current liabilities	1,467		2,805
Total current liabilities	51,734		47,065

Long-term debt	182,681		189,861
Deferred tax liabilities, net	8,648		8,641
Other non-current liabilities	3,534		3,697

Commitments, contingencies and regulatory matters

Deficit:
Common stock ($0.01 par value; 250,000 shares authorized, 11,432 issued and outstanding as of September 30, 2026; 11,021 issued and 10,994 outstanding as of December 31, 2025)	114		110
Additional paid-in capital	259,542		257,359
Accumulated deficit	(370,299)		(363,735)
Treasury stock, at cost (27 shares as of December 31, 2025)	—		(3,948)
Altisource deficit	(110,643)		(110,214)

Non-controlling interests	759		751
Total deficit	(109,884)		(109,463)

Total liabilities and deficit	$	136,713	$	139,801


Interest expense (net of interest income)	9		51		23		97

Business Segments Adjusted EBITDA	$	11,342	$	10,893	$	35,645	$	36,210

Corporate and Others:
Loss before income taxes and non-controlling interests	$	(10,309)	$	(10,281)	$	(31,777)	$	(37,303)

Depreciation and amortization	38		27		57		236
Share-based compensation expense	568		1,066		2,642		2,909
Cost of cost savings initiatives and other	546		(456)		1,021		(727)

Debt exchange transaction expenses	—		194		—		3,646
Interest expense (net of interest income)	2,067		2,178		5,519		9,294



Corporate and Others Adjusted EBITDA	$	(7,090)	$	(7,272)	$	(22,538)	$	(21,945)

Net (loss) income attributable to Altisource	$	(1,399)	$	(2,396)	$	(2,596)	$	8,842

Intangible asset amortization expense, net of tax	1,329		1,270		4,109		3,810
Share-based compensation expense, net of tax	797		1,207		3,063		2,862
Cost of cost savings initiatives and other, net of tax	651		281		1,034		182

Litigation matter, net of tax	9		—		(547)		—
Debt exchange transaction expenses, net of tax	—		194		—		3,646

Certain income tax related items	133		536		583		(16,227)

Adjusted net income attributable to Altisource	$	1,520	$	1,092	$	5,646	$	3,115


Diluted (loss) earnings per share	$	(0.12)	$	(0.22)	$	(0.23)	$	0.81

Impact of using diluted share count instead of basic share count for loss per share	—		—		0.01		—
Intangible asset amortization expense, net of tax, per diluted share	0.11		0.12		0.35		0.35
Share-based compensation expense, net of tax, per diluted share	0.07		0.11		0.26		0.26
Cost of cost savings initiatives and other, net of tax, per diluted share	0.05		0.02		0.09		0.02
Litigation matter, net of tax, per diluted share	—		—		(0.05)		—
Debt exchange transaction expenses, per diluted share	—		0.02		—		0.33


Certain income tax related items, per diluted share	0.01		0.05		0.05		(1.49)

Adjusted diluted earnings per share	$	0.13	$	0.10	$	0.48	$	0.29

Calculation of the per share impact of intangible asset amortization expense, net of tax
Intangible asset amortization expense	$	1,368	$	1,270	$	4,215	$	3,810
Tax benefit from intangible asset amortization	(39)		—		(106)		—
Intangible asset amortization expense, net of tax	1,329		1,270		4,109		3,810
Diluted share count	11,882		10,988		11,742		10,890


	September 30, 2026

Senior secured term loans	$	155,506
Super senior term loan	12,297
Less: Cash and cash equivalents	(25,055)


Net debt	$	142,748


	Nine months ended September 30,
	2026		2025

Supplemental cash flow information:
Interest paid	$	9,457	$	11,315
Income taxes paid (refunded), net	179		(710)

Acquisition of right-of-use assets with operating lease liabilities	380		121


Non-cash investing and financing activities:

Equity issued in exchange for debt reduction	—		45,370