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Altisource Portfolio Solutions SA
(NASDAQ:ASPS)
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Rating:44Neutral
Price Target:
$5.00
▼(-13.79% Downside)
Action:Reiterated
Date:07/29/26
ASPS scores low overall primarily due to high financial risk (negative equity, ongoing cash burn, and inconsistent profitability) and weak technical trend (trading below all major moving averages). The earnings call provides a meaningful offset with strong service-revenue growth, sales wins/pipeline, and customer diversification, but near-term margin and cash-flow pressure and a negative P/E keep the overall score restrained.
Positive Factors
Service revenue growth
Sustained service revenue growth (+19% YoY, +8% QoQ) indicates durable demand for Altisource’s technology-enabled services. Growing service volumes support scale benefits, improve revenue predictability and provide a foundation for margin recovery and long-term adjusted EBITDA targets if growth and cost control persist.
Negative Factors
Weak balance sheet
Negative shareholders’ equity and meaningful debt structurally limit financial flexibility and heighten refinancing and covenant risk. This weak capital base constrains the company’s ability to fund growth, pursue M&A or weather shocks, making durable execution and external financing critical to survival.
Read all positive and negative factors
Positive Factors
Negative Factors
Service revenue growth
Sustained service revenue growth (+19% YoY, +8% QoQ) indicates durable demand for Altisource’s technology-enabled services. Growing service volumes support scale benefits, improve revenue predictability and provide a foundation for margin recovery and long-term adjusted EBITDA targets if growth and cost control persist.
Read all positive factors
Altisource Portfolio Solutions SA (ASPS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$63.61M
Dividend YieldN/A
Average Volume (3M)17.89K
Price to Earnings (P/E)―
Beta (1Y)-0.70
Revenue Growth-2.41%
EPS Growth77.04%
CountryUS
Employees1,236
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.99
Shares Outstanding11,420,206
10 Day Avg. Volume26,843
30 Day Avg. Volume17,892
Financial Highlights & Ratios
PEG Ratio-0.39
Price to Book (P/B)-0.63
Price to Sales (P/S)0.41
P/FCF Ratio-13.63
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.87
Revenue Forecast (FY)$191.10M
Altisource Portfolio Solutions SA Business Overview & Revenue Model
Company Description
Altisource Portfolio Solutions S.A. operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States. It operates through Servicer and Real Estate, and Origination segments. The Servicer a...
How the Company Makes Money
Altisource makes money primarily by selling technology-enabled services and software solutions that support mortgage and real estate asset management workflows. Revenue is generally generated through: (1) service fees for field and property-relate...
Altisource Portfolio Solutions SA Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Positive
The call presents a predominantly positive operational trajectory: strong service revenue growth (+19% YoY), substantial origination momentum (+62% YoY), meaningful customer diversification (65% non-Onity/Rithm), a growing Hubzu inventory (+30% QoQ) and active pipeline and sales wins across segments. Management is deploying AI and pursuing debt reduction while reaffirming a long-term EBITDA target. Offsetting factors include short-term margin and adjusted EBITDA pressure driven by prior-year non-recurring benefits, investments to support growth, Rithm-related losses, a Q2 operating cash use of $6.6 million tied to receivables, and continued market headwinds in delinquencies and purchase origination volumes. Overall, positives (revenue growth, diversification, inventory, pipeline, AI initiatives) outweigh the short-term financial and market challenges.Positive Updates
Strong Overall Service Revenue Growth
Second quarter 2026 service revenue of $48.7 million, up 19% year-over-year and 8% sequentially.
Negative Updates
Adjusted EBITDA and Margin Pressure
Total company and business-segment adjusted EBITDA and adjusted EBITDA margins declined quarter-over-quarter, primarily due to a non-recurring benefit in Q2 2025 and higher costs to support growth.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Overall Service Revenue Growth
Second quarter 2026 service revenue of $48.7 million, up 19% year-over-year and 8% sequentially.
Read all positive updates
Company Guidance
Management guided to roughly flat adjusted EBITDA in Q3 and higher adjusted EBITDA in Q4, targeting Project 45 of $45 million run-rate adjusted EBITDA by Q4 2028; they expect continued service revenue and adjusted EBITDA growth as recent sales wins ramp (company Q2 service revenue $48.7M, +19% YoY, +8% QoQ), with Originations up 62% YoY in Q2 (Q2 wins $7.1M; pipeline ~$20M) and Servicer & Real Estate at $34.4M service revenue (+8% YoY) with $11.7M adjusted EBITDA (-2% YoY), $5.2M of estimated annualized stabilized S&R wins this quarter and an $8.2M stabilized pipeline; Hubzu inventory grew 30% to 22,300 assets (from 17,200), revenue from post‑2024 wins was $9.1M in Q2 ($36.5M annualized), customer concentration from non‑Onity/Rithm customers rose to 65% (from 46%), corporate costs should track Q1 levels, and capital allocation includes opportunistic debt repurchases (repurchased $2M this quarter; up to $3M/year allowed); operating context includes GAAP pretax nearly break‑even, net cash used in ops $6.6M, unrestricted cash $23.2M, 90+ day delinquency 1.55% (from 1.45% in Dec 2025) with 857,000 90+ delinquents plus loans in foreclosure (+28% YoY), foreclosure starts +14% and sales +19%, and the MBA projecting 5.7M originations in 2026 (+4% YoY).Altisource Portfolio Solutions SA Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
18
Very Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 182.50M | 170.97M | 160.13M | 145.07M | 153.12M | 178.45M |
| Gross Profit | 48.49M | 48.91M | 49.53M | 29.65M | 21.82M | 7.09M |
| EBITDA | 7.00M | 5.02M | 13.62M | -6.90M | -19.63M | 51.83M |
| Net Income | -10.82M | 1.61M | -35.64M | -56.29M | -53.42M | 11.81M |
Balance Sheet | ||||||
| Total Assets | 136.49M | 139.80M | 143.61M | 154.86M | 195.00M | 257.81M |
| Cash, Cash Equivalents and Short-Term Investments | 23.19M | 27.63M | 29.81M | 32.52M | 51.02M | 98.13M |
| Total Debt | 186.21M | 192.23M | 233.86M | 219.13M | 250.96M | 251.56M |
| Total Liabilities | 245.82M | 249.26M | 300.32M | 279.91M | 314.14M | 326.68M |
| Stockholders Equity | -110.11M | -110.21M | -157.38M | -125.67M | -119.65M | -70.14M |
Cash Flow | ||||||
| Free Cash Flow | -2.00M | -5.13M | -5.03M | -21.83M | -45.75M | -61.78M |
| Operating Cash Flow | -1.96M | -5.07M | -5.03M | -21.83M | -44.89M | -60.41M |
| Investing Cash Flow | -660.00K | -319.00K | 2.25M | 0.00 | -767.00K | 102.76M |
| Financing Cash Flow | -5.66M | 3.18M | 55.00K | 2.98M | -2.22M | -2.30M |
Altisource Portfolio Solutions SA Technical Analysis
Negative
5.80
Price Trends
6.54
Negative
6.59
Negative
7.12
Negative
Market Momentum
-0.20
Positive
30.02
Neutral
9.99
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASPS, the sentiment is Negative. The current price of 5.8 is below the 20-day moving average (MA) of 6.35, below the 50-day MA of 6.54, and below the 200-day MA of 7.12, indicating a bearish trend. The MACD of -0.20 indicates Positive momentum. The RSI at 30.02 is Neutral, neither overbought nor oversold. The STOCH value of 9.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ASPS.
Altisource Portfolio Solutions SA Risk Analysis
Altisource Portfolio Solutions SA disclosed 51 risk factors in its most recent earnings report. Altisource Portfolio Solutions SA reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Altisource Portfolio Solutions SA Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | $306.93M | 417.51 | 0.08% | ― | -5.43% | -93.40% | |
52 Neutral | $18.31M | -0.32 | -111.72% | ― | -38.65% | 43.87% | |
48 Neutral | $153.63M | 84.50 | 3.26% | ― | -5.23% | ― | |
44 Neutral | $63.61M | -5.64 | 9.95% | ― | -2.41% | 77.04% | |
42 Neutral | $26.41M | -1.08 | -60.55% | ― | 15.63% | 25.53% | |
41 Neutral | $2.52M | -0.40 | -82.73% | ― | ― | ― |
* Real Estate Sector Average
ASPS
Altisource Portfolio Solutions SA
5.57
-5.83
-51.14%
RMAX
Re/Max Holdings
9.06
1.55
20.64%
FTHM
Fathom Holdings
0.80
-0.36
-31.38%
OPAD
Offerpad Solutions
3.87
-8.13
-67.75%
DOUG
Douglas Elliman Inc.
1.69
-0.49
-22.48%
OMH
Ohmyhome Limited
0.11
-1.03
-90.09%
Altisource Portfolio Solutions SA Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Altisource Shareholders Approve Directors, Auditors and Incentive Plan
Positive
May 20, 2026
Altisource Portfolio Solutions S.A. held its 2026 Annual General Meeting of Shareholders on May 20, 2026, where shareholders re-elected six directors to the board and approved the appointment of RSM US LLP and Atwell S.à r.l. as the company&#...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.