--- title: "ALTISOURCE PORTFOLIO SOLUTIONS S A C/WTS 30/04/2032 (TO PUR COM) | 10-K: FY2025 Revenue: USD 170.98 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/277776150.md" datetime: "2026-03-04T12:11:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277776150.md) - [en](https://longbridge.com/en/news/277776150.md) - [zh-HK](https://longbridge.com/zh-HK/news/277776150.md) generator: "portal-rs" --- # ALTISOURCE PORTFOLIO SOLUTIONS S A C/WTS 30/04/2032 (TO PUR COM) | 10-K: FY2025 Revenue: USD 170.98 M Revenue: As of FY2025, the actual value is USD 170.98 M. EPS: As of FY2025, the actual value is USD 0.15. EBIT: As of FY2025, the actual value is USD 12.59 M. #### Consolidated Financial Performance - **Service Revenue**: Altisource’s service revenue increased by 7% to $161.3 million in 2025, up from $150.354 million in 2024. - **Total Revenue**: Total revenue also saw a 7% increase, reaching $170.975 million in 2025 from $160.134 million in 2024. - **Gross Profit**: Gross profit was $48.910 million in 2025, representing 30% of service revenue, a decrease from $49.529 million (33% of service revenue) in 2024, primarily due to a shift in revenue mix towards lower-margin businesses. - **Selling, General and Administrative (SG&A) Expenses**: SG&A expenses decreased by 10% to $40.976 million in 2025 from $45.620 million in 2024, mainly due to lower professional services and other SG&A expenses. - **Income from Operations**: Income from operations declined to $0.417 million (less than 1% of service revenue) in 2025, compared to $3.224 million (2% of service revenue) in 2024, impacted by a - $7.517 million litigation settlement loss and lower gross profit margins. - **Net Income (Loss) Attributable to Altisource**: The company reported a net income of $1.615 million in 2025, a significant improvement of $37.3 million from a net loss of - $35.636 million in 2024. - **Net Cash Used in Operating Activities**: Net cash used in operating activities was - $5.065 million in 2025, slightly higher than - $5.025 million in 2024. - **Cash and Cash Equivalents**: Cash and cash equivalents stood at $26.603 million as of December 31, 2025, down from $29.811 million as of December 31, 2024. #### Servicer and Real Estate Segment - **Service Revenue**: This segment’s service revenue increased by 5% to $126.057 million in 2025 from $119.939 million in 2024, driven by growth in Property Renovation Services, Foreclosure Trustee, Granite, and Field Services businesses. - **Solutions**: Increased by 12% to $92.338 million in 2025 from $82.438 million in 2024. - **Marketplace**: Decreased by -10% to $24.293 million in 2025 from $26.894 million in 2024. - **Technology and SaaS Products**: Decreased by -11% to $9.426 million in 2025 from $10.607 million in 2024. - **Reimbursable Expenses Revenue**: Decreased by -3% to $8.780 million in 2025 from $9.011 million in 2024. - **Total Revenue**: Total revenue for the segment rose by 5% to $134.837 million in 2025 from $128.950 million in 2024. - **Gross Profit**: Gross profit was $48.085 million (38% of service revenue) in 2025, down from $49.319 million (41% of service revenue) in 2024, primarily due to revenue mix shifts. - **Income from Operations**: Operating income was $33.065 million (26% of service revenue) in 2025, a decline from $37.898 million (32% of service revenue) in 2024, mainly due to the - $7.517 million litigation settlement loss and lower gross profit margins. #### Origination Segment - **Service Revenue**: Service revenue for this segment increased by 16% to $35.200 million in 2025 from $30.415 million in 2024, primarily due to growth in reseller products within the Lenders One business. - **Lenders One**: Increased by 18% to $28.158 million in 2025 from $23.837 million in 2024. - **Solutions**: Increased by 7% to $6.306 million in 2025 from $5.915 million in 2024. - **Technology and SaaS Products**: Increased by 11% to $0.736 million in 2025 from $0.663 million in 2024. - **Reimbursable Expenses Revenue**: Increased by 8% to $0.625 million in 2025 from $0.581 million in 2024. - **Total Revenue**: Total revenue for the segment grew by 16% to $36.138 million in 2025 from $31.184 million in 2024. - **Gross Profit**: Gross profit was $7.277 million (21% of service revenue) in 2025, a slight decrease from $6.711 million (22% of service revenue) in 2024 due to revenue mix. - **Income from Operations**: Income from operations remained relatively flat at $0.115 million (less than 1% of service revenue) in 2025, compared to $0.127 million (less than 1% of service revenue) in 2024. #### Corporate and Others - **Gross Profit (Loss)**: Reported a loss of - $6.452 million in 2025, an improvement from - $6.501 million in 2024. - **Income (Loss) from Operations**: The loss from operations was - $32.763 million in 2025, an improvement from - $34.801 million in 2024. - **Other Income (Expense), Net**: Net other expense was - $14.786 million in 2025, an improvement from - $36.211 million in 2024, primarily due to lower interest expense, partially offset by higher debt exchange transaction expenses. #### Unique Metrics and Key Events - **2025 Sales Wins**: Estimated potential annualized service revenue of $20.6 million for the Servicer and Real Estate segment and $20.9 million for the Origination segment on a stabilized basis. - **Hubzu Inventory Growth**: Foreclosure Auction Inventory increased by 154% to 10.1 thousand units between September 30, 2025, and February 15, 2026. - **REO Inventory (excluding Rithm)**: Increased by 230% to 2.4 thousand units during the same period. - **Debt Exchange Transaction**: On February 19, 2025, Altisource exchanged $232.8 million in senior secured term loans for a $160.0 million new first lien loan and approximately 7.3 million common shares. - **Interest Expense Impact**: This transaction is expected to reduce annual cash and payment-in-kind interest by approximately $18 million to $13 million, and annual GAAP interest expense by $23 million to approximately $9.5 million. - **Tax Benefit**: In Q2 2025, Altisource recognized a net income tax benefit of $17.7 million, primarily from the reversal of a $9.6 million reserve for uncertain tax positions related to India operations and a $9.0 million reversal of associated accrued interest. - **Litigation Settlement Loss**: A loss of - $7.517 million was recorded for the three months ended December 31, 2025, related to a settlement with the National Fair Housing Alliance. #### Outlook / Guidance Altisource expects that reduced interest expenses from the February 2025 Debt Exchange Transactions, recent revenue growth in the renovation business, and an anticipated improvement in the default market will contribute to enhanced operating cash flow. The company plans to utilize generated cash for developing and growing complementary services, funding negative operating cash flow if needed, and repaying long-term debt and capital investments. Altisource believes it possesses sufficient liquidity to meet business requirements for the next 12 months and beyond, with debt obligations anticipated to be satisfied through prepayments and new debt issuance. ### Related Stocks - [ASPSW.US](https://longbridge.com/en/quote/ASPSW.US.md) ## Related News & Research - [Does Instacart’s New Exclusivity And Category Expansions Reshape The Bull Case For Maplebear (CART)?](https://longbridge.com/en/news/298119807.md) - [Why CF Industries (CF) Is Up 6.0% After Blue Ammonia JV and Leadership Transition News](https://longbridge.com/en/news/298114954.md) - [Is Camtek (CAMT) Options Frenzy Quietly Reframing Its Near‑Term Earnings Story?](https://longbridge.com/en/news/298114664.md) - [Is Huntington Bancshares (HBAN) Undervalued As Its Growth Narrative Expands?](https://longbridge.com/en/news/298114667.md) - [Elon Can’t Build His Empire Alone](https://longbridge.com/en/news/298114289.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**