Service Revenue and Adjusted EBITDA Growth
Total company service revenue increased by 11% to $40.8 million, and adjusted EBITDA grew by 23% to $5.4 million compared to the second quarter of last year.
Significant Improvement in Net Income
Net income attributable to Altisource improved to $16.6 million in Q2 2025 compared to a net loss of $8.3 million in Q2 2024, driven by an income tax benefit and improved financial performance.
Strong Performance in Originations Segment
Second quarter 2025 service revenue for the Originations segment was 13% higher than Q2 2024, with adjusted EBITDA improving by 81%.
Servicer and Real Estate Segment Growth
Service revenue in the Servicer and Real Estate segment increased by 10% to $32 million, and adjusted EBITDA rose by 8%.
Robust Sales Pipeline and New Business Wins
The Servicer and Real Estate segment's sales pipeline is estimated at $25.3 million in annual service revenue, with new business wins expected to generate $1.1 million annually.