Altisource reports Q1 adjusted EPS 0c vs (20c) last year

Reports Q1 revenue $43.439M vs $39.469M last year. “We are pleased with our first quarter performance as we continue to drive year-over-year and sequential Service revenue and Adjusted EBITDA(1) growth primarily from the ramp of our Renovation Business, stronger foreclosure starts and sales wins. Compared to the first quarter of last year, we grew total Company service revenue by 11% to $40.9 million and Adjusted EBITDA(1) by 14% to $5.3 million. Adjusted EBITDA(1) growth outpaced Service revenue growth from scale benefits and favorable revenue mix. In February 2025, we closed on an exchange and maturity extension transaction with our lenders, significantly strengthening our balance sheet and reducing interest expense,” said Chairman and Chief Executive Officer William B. Shepro.