Altisource Portfolio Solutions SA (ASPS)
NASDAQ:ASPS
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Altisource Portfolio Solutions SA
(NASDAQ:ASPS)
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Rating:49Neutral
Price Target:
$6.50
▼(-30.11% Downside)
Action:ReiteratedDate:03/07/26
The score is held back primarily by weak financial quality (negative equity, leverage risk, and ongoing negative free cash flow), with only partial offset from improving operations. Technicals are mixed (short-term stabilization but still below longer-term averages), and valuation is not compelling at a ~43 P/E. The earnings call adds moderate support due to 2026 growth and cash-flow guidance, though near-term customer roll-off and cost pressures remain key risks.
Positive Factors
Revenue rebound and improved profitability
Sustained year-over-year service revenue growth and a move to modestly positive GAAP profitability in 2025 indicate the company’s core services are regaining traction. This durable operational recovery supports steadier margins and underpins multi-quarter revenue visibility if organic volumes and conversions persist.
Negative Factors
Highly stressed balance sheet
Persistently negative equity and debt materially larger than reported assets constrain financial flexibility, limit ability to fund growth organically, and raise refinancing risk. Over several quarters this makes the firm vulnerable to higher funding costs or covenants that can force strategic tradeoffs or asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound and improved profitability
Sustained year-over-year service revenue growth and a move to modestly positive GAAP profitability in 2025 indicate the company’s core services are regaining traction. This durable operational recovery supports steadier margins and underpins multi-quarter revenue visibility if organic volumes and conversions persist.
Read all positive factors
Altisource Portfolio Solutions SA (ASPS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$76.68M
Dividend YieldN/A
Average Volume (3M)17.89K
Price to Earnings (P/E)43.3
Beta (1Y)-0.89
Revenue Growth7.80%
EPS Growth83.33%
CountryUS
Employees1,160
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.11
Shares Outstanding11,276,236
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 Cap3.16
Enterprise Value/Revenue1.42
Enterprise Value/Gross Profit4.95
Enterprise Value/Ebitda48.31
Forecast
1Y Price Target
$8.00Price Target Upside-13.98% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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
Altisource Portfolio Solutions generates revenue primarily through service fees and technology solutions provided to its clients in the real estate and mortgage sectors. The company's revenue streams include mortgage and real estate services, such...
Altisource Portfolio Solutions SA Earnings Call Summary
Earnings Call Date:Mar 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 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
33
Negative
Balance Sheet
18
Very Negative
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 170.97M | 160.13M | 145.07M | 153.12M | 178.45M |
| Gross Profit | 48.91M | 49.53M | 29.65M | 21.82M | 7.09M |
| EBITDA | 5.02M | 13.62M | -6.90M | -19.63M | 51.83M |
| Net Income | 1.61M | -35.64M | -56.29M | -53.42M | 11.81M |
Balance Sheet | |||||
| Total Assets | 139.80M | 143.61M | 154.86M | 195.00M | 257.81M |
| Cash, Cash Equivalents and Short-Term Investments | 26.60M | 29.81M | 32.52M | 51.02M | 98.13M |
| Total Debt | 192.23M | 233.86M | 219.13M | 250.96M | 251.56M |
| Total Liabilities | 249.26M | 300.32M | 279.91M | 313.88M | 326.68M |
| Stockholders Equity | -110.21M | -157.38M | -125.67M | -119.65M | -70.14M |
Cash Flow | |||||
| Free Cash Flow | -5.13M | -5.03M | -21.83M | -45.75M | -61.78M |
| Operating Cash Flow | -5.07M | -5.03M | -21.83M | -44.89M | -60.41M |
| Investing Cash Flow | -319.00K | 2.25M | 0.00 | -767.00K | 102.76M |
| Financing Cash Flow | 3.18M | 55.00K | 2.98M | -2.22M | -2.30M |
Altisource Portfolio Solutions SA Technical Analysis
Positive
9.30
Price Trends
6.29
Positive
6.80
Negative
9.02
Negative
Market Momentum
0.06
Positive
53.21
Neutral
55.67
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 6.61, above the 50-day MA of 6.29, and above the 200-day MA of 9.02, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 53.21 is Neutral, neither overbought nor oversold. The STOCH value of 55.67 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% | |
59 Neutral | $189.67M | 18.48 | 1.84% | ― | -6.06% | ― | |
52 Neutral | $34.41M | -0.97 | -135.60% | ― | -36.25% | 11.92% | |
49 Neutral | $76.68M | 43.32 | -1.48% | ― | 7.80% | 83.33% | |
49 Neutral | $28.02M | -1.60 | -46.07% | ― | 32.78% | 36.50% | |
48 Neutral | $145.56M | 13.94 | 10.23% | ― | 6.62% | 30.94% | |
45 Neutral | $24.33M | -8.84 | -43.53% | ― | ― | ― |
* Real Estate Sector Average
ASPS
Altisource Portfolio Solutions SA
6.80
0.47
7.42%
RMAX
Re/Max Holdings
5.80
-1.41
-19.56%
FTHM
Fathom Holdings
0.85
0.13
18.28%
OPAD
Offerpad Solutions
0.73
-0.76
-51.21%
DOUG
Douglas Elliman Inc.
1.65
0.07
4.43%
OMH
Ohmyhome Limited
1.05
-0.85
-44.58%
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.