Altisource Portfolio Solutions SA (ASPS)
NASDAQ:ASPS
Want to see ASPS full AI Analyst Report?
Top Page
Altisource Portfolio Solutions SA
(NASDAQ:ASPS)
Select Model
Select Model
Rating:46Neutral
Price Target:
$6.50
▼(-30.11% Downside)
Action:ReiteratedDate:04/23/26
The score is held down primarily by elevated balance-sheet risk (deeply negative equity and sizable debt) despite improving profitability and newly positive free cash flow. Technicals remain weak versus key moving averages, and valuation is relatively expensive on a high P/E with no dividend support. Offsetting these negatives, management’s outlook and commentary point to continued revenue growth and positive operating cash flow driven by sales wins, but near-term roll-offs and cost pressure keep execution risk high.
Positive Factors
Cash Generation
Transitioning to positive operating and free cash flow in the trailing twelve months demonstrates the company can internally fund at least near-term operations and modest investments. That improved cash conversion reduces refinancing urgency, supports reinvestment in growth initiatives, and materially improves financial optionality versus prior years of negative cash flow.
Negative Factors
Weak Balance Sheet
Deeply negative equity and leverage materially constrain financial flexibility and amplify solvency risk in stress periods. High debt relative to the asset base restricts capacity for strategic investment, increases refinancing and covenant risk, and elevates the cost of capital—structural headwinds to funding growth or withstanding cyclical downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Transitioning to positive operating and free cash flow in the trailing twelve months demonstrates the company can internally fund at least near-term operations and modest investments. That improved cash conversion reduces refinancing urgency, supports reinvestment in growth initiatives, and materially improves financial optionality versus prior years of negative cash flow.
Read all positive factors
Altisource Portfolio Solutions SA (ASPS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$76.47M
Dividend YieldN/A
Average Volume (3M)17.89K
Price to Earnings (P/E)―
Beta (1Y)-0.91
Revenue Growth-1.72%
EPS GrowthN/A
CountryUS
Employees1,160
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.19
Shares Outstanding11,278,949
10 Day Avg. Volume26,843
30 Day Avg. Volume17,892
Financial Highlights & Ratios
PEG Ratio-0.38
Price to Book (P/B)-0.63
Price to Sales (P/S)0.41
P/FCF Ratio-13.63
Enterprise Value/Market Cap3.08
Enterprise Value/Revenue1.35
Enterprise Value/Gross Profit4.84
Enterprise Value/Ebitda32.35
Forecast
1Y Price Target
$8.00Price Target Upside-13.98% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.85
Revenue Forecast (FY)$183.00M
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, India, Luxembourg, Uruguay, and internationally. It provides property preservation and...
How the Company Makes Money
ASPS generates revenue by delivering fee-based, technology-enabled services and solutions to customers in the mortgage and real estate ecosystem. Its revenue model is primarily a mix of (1) recurring and usage-based software/platform fees (includi...
Altisource Portfolio Solutions SA Earnings Call Summary
Earnings Call Date:Mar 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call conveyed a generally positive outlook driven by revenue growth, strong segment wins (notably HUBZU and origination/Lenders One), improved GAAP results and a constructive 2026 outlook with expected positive operating cash flow at the midpoint. However, the message included notable near-term headwinds: the expected roll-off of Rithm/Onity-related business, a large corporate loss, one-time litigation and debt-related charges, and market/timing risks that temper the pace of consolidated profitability. On balance, the highlights — solid revenue gains, meaningful sales wins and a clear strategic plan — outweigh the lowlights, although execution on ramping wins and offsetting Rithm-related declines will be critical.Positive Updates
Full-Year Service Revenue Growth
2025 service revenue increased 7% year-over-year to $161,300,000. Fourth quarter 2025 service revenue was $39,900,000, up 4% year-over-year. 2026 guidance targets $165,000,000 to $185,000,000 (midpoint ~8.5% growth).
Negative Updates
Rithm and Onity Contract Roll-Off Risk
The cooperative brokerage agreement with Rithm expired 8/31/2025. Management assumes the Rithm-related business will roll off during H1 2026 and Rithm's termination of Onity servicing agreements will reduce foreclosure trustee, title and field service referrals, materially shrinking Rithm/Onity as a revenue source.
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Service Revenue Growth
2025 service revenue increased 7% year-over-year to $161,300,000. Fourth quarter 2025 service revenue was $39,900,000, up 4% year-over-year. 2026 guidance targets $165,000,000 to $185,000,000 (midpoint ~8.5% growth).
Read all positive updates
Company Guidance
For 2026 management is guiding service revenue of $165.0 million to $185.0 million and adjusted EBITDA of $15.0 million to $20.0 million (the midpoint implies ~8.5% service revenue growth and roughly flat adjusted EBITDA versus 2025), and expects to generate positive operating cash flow at the midpoint; the outlook assumes roughly flat industry rates, the MBA’s 2026 origination forecast of 5.8 million loans (≈7% YoY growth with refinance +8% and purchase +6%), the onboarding/ramp of recent sales wins (including $13.2 million of Q4 stabilized annual revenue and 2025 Servicer & Real Estate wins of $20.6 million including $11.5 million in Q4, plus $1.8 million of Origination wins), conversion of pipelines (Servicer & Real Estate weighted pipeline $19.3 million; Origination pipeline $14.9 million), price increases for certain services, and an assumed loss/roll‑off of Rithm/CBA and Onity‑related business in H1 2026, with projected benefits from scale efficiencies partly offset by product mix and modestly higher corporate costs as the company pursues its Project 45 target of $45.0 million adjusted EBITDA by 2028.Altisource Portfolio Solutions SA Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
24
Negative
Cash Flow
47
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 175.12M | 170.97M | 160.13M | 145.07M | 153.12M | 178.45M |
| Gross Profit | 48.70M | 48.91M | 49.53M | 29.65M | 21.82M | 7.09M |
| EBITDA | 7.29M | 5.02M | 13.62M | -6.90M | -19.63M | 51.83M |
| Net Income | 6.32M | 1.61M | -35.64M | -56.29M | -53.42M | 11.81M |
Balance Sheet | ||||||
| Total Assets | 142.15M | 139.80M | 143.61M | 154.86M | 195.00M | 257.81M |
| Cash, Cash Equivalents and Short-Term Investments | 30.34M | 26.60M | 29.81M | 32.52M | 51.02M | 98.13M |
| Total Debt | 189.75M | 192.23M | 233.86M | 219.13M | 250.96M | 251.56M |
| Total Liabilities | 251.80M | 249.26M | 300.32M | 279.91M | 313.88M | 326.68M |
| Stockholders Equity | -110.46M | -110.21M | -157.38M | -125.67M | -119.65M | -70.14M |
Cash Flow | ||||||
| Free Cash Flow | 4.05M | -5.13M | -5.03M | -21.83M | -45.75M | -61.78M |
| Operating Cash Flow | 4.21M | -5.07M | -5.03M | -21.83M | -44.89M | -60.41M |
| Investing Cash Flow | -433.08K | -319.00K | 2.25M | 0.00 | -767.00K | 102.76M |
| Financing Cash Flow | -3.75M | 3.18M | 55.00K | 2.98M | -2.22M | -2.30M |
Altisource Portfolio Solutions SA Technical Analysis
Positive
9.30
Price Trends
6.50
Positive
6.65
Positive
8.95
Negative
Market Momentum
0.12
Negative
55.79
Neutral
63.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASPS, the sentiment is Positive. The current price of 9.3 is above the 20-day moving average (MA) of 6.72, above the 50-day MA of 6.50, and above the 200-day MA of 8.95, indicating a neutral trend. The MACD of 0.12 indicates Negative momentum. The RSI at 55.79 is Neutral, neither overbought nor oversold. The STOCH value of 63.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ASPS.
Altisource Portfolio Solutions SA Risk Analysis
Altisource Portfolio Solutions SA disclosed 49 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% | |
62 Neutral | $352.53M | 18.48 | 1.84% | ― | -5.23% | 8.20% | |
54 Neutral | $31.53M | -0.75 | -135.60% | ― | -38.20% | 31.79% | |
50 Neutral | $172.91M | 13.94 | 10.23% | ― | 3.75% | ― | |
47 Neutral | $30.25M | -1.21 | -49.25% | ― | 25.45% | 31.31% | |
46 Neutral | $76.47M | -27.86 | -5.92% | ― | -1.72% | ― | |
43 Neutral | $23.91M | -8.84 | -43.53% | ― | ― | ― |
* Real Estate Sector Average
ASPS
Altisource Portfolio Solutions SA
6.78
-0.72
-9.60%
RMAX
Re/Max Holdings
10.78
2.84
35.77%
FTHM
Fathom Holdings
0.92
0.11
13.83%
OPAD
Offerpad Solutions
0.67
-0.36
-35.34%
DOUG
Douglas Elliman Inc.
1.96
0.14
7.69%
OMH
Ohmyhome Limited
1.04
-2.36
-69.47%
Altisource Portfolio Solutions SA Corporate Events
Business Operations and StrategyExecutive/Board ChangesLegal Proceedings
Altisource Director Plans Exit Amid Legal Settlement Resolution
Positive
Feb 18, 2026
On February 13, 2026, Altisource disclosed that board member and Audit Committee Chair Roland Mueller-Ineichen will not stand for re-election at the 2026 Annual General Meeting, though he will remain in his roles until his current term expires, an...
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.