I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q1, the actual value is USD 47.58 M.
EPS: As of FY2026 Q1, the actual value is USD -0.06.
EBIT: As of FY2026 Q1, the actual value is USD 2.945 M.
Consolidated Financial Performance (Three months ended March 31)
Revenue
- Total Revenue: Increased to $47,584 thousand in 2026 from $43,439 thousand in 2025, a 10% increase .
- Service Revenue: Increased to $45,089 thousand in 2026 from $40,895 thousand in 2025, a 10% increase .
- Servicer and Real Estate Segment: Service revenue decreased by 5% to $31,350 thousand in 2026 from $32,865 thousand in 2025 . This was primarily due to a one-time 2025 pricing adjustment benefit in the Foreclosure Trustee business and lower volume in the Renovation business, partially offset by growth in the Title business .
- Solutions: Service revenue was $22,591 thousand in 2026, down 5% from $23,899 thousand in 2025 .
- Marketplace: Service revenue was $6,554 thousand in 2026, down 1% from $6,588 thousand in 2025 .
- Technology and SaaS Products: Service revenue was $2,205 thousand in 2026, down 7% from $2,378 thousand in 2025 .
- Origination Segment: Service revenue increased by 71% to $13,739 thousand in 2026 from $8,030 thousand in 2025 . This growth was driven by sales wins and a stronger origination market .
- Lenders One: Service revenue was $12,275 thousand in 2026, up 93% from $6,354 thousand in 2025 .
- Solutions: Service revenue was $1,264 thousand in 2026, down 16% from $1,499 thousand in 2025 .
- Technology and SaaS Products: Service revenue was $200 thousand in 2026, up 13% from $177 thousand in 2025 .
- Servicer and Real Estate Segment: Service revenue decreased by 5% to $31,350 thousand in 2026 from $32,865 thousand in 2025 . This was primarily due to a one-time 2025 pricing adjustment benefit in the Foreclosure Trustee business and lower volume in the Renovation business, partially offset by growth in the Title business .
- Reimbursable Expenses Revenue: Decreased by 3% to $2,391 thousand in 2026 from $2,471 thousand in 2025 . This decrease was mainly due to fewer asset resolution and asset management activities in the Marketplace business and a decrease in the Solutions business within the Origination segment, partially offset by growth in the Foreclosure Trustee business .
Cost of Revenue and Gross Profit
- Consolidated Cost of Revenue: Increased by 14% to $34,473 thousand in 2026 from $30,114 thousand in 2025 .
- Outside fees and services: Increased to $21,059 thousand in 2026 from $17,021 thousand in 2025, a 24% increase, primarily from service revenue growth in the Lenders One business .
- Consolidated Gross Profit: Decreased by 2% to $13,111 thousand in 2026 from $13,325 thousand in 2025 .
- Gross Profit as a percentage of Service Revenue: Decreased to 29% in 2026 from 33% in 2025, primarily due to a change in revenue mix from growth in the lower-margin Origination Segment and lower revenue in the higher-margin Servicer and Real Estate segment .
- Servicer and Real Estate Segment: Gross profit was $12,108 thousand (39% of service revenue) in 2026, compared to $13,296 thousand (40% of service revenue) in 2025 .
- Origination Segment: Gross profit was $2,603 thousand (19% of service revenue) in 2026, compared to $1,592 thousand (20% of service revenue) in 2025 .
Operating Expenses and Income from Operations
- Selling, General and Administrative (SG&A) Expenses: Increased by 13% to $11,386 thousand in 2026 from $10,080 thousand in 2025 . This was mainly due to higher other SG&A expenses (driven by bad debt expense) and increased compensation and benefits (from higher share-based compensation), and professional services .
- Consolidated Income from Operations: Decreased by 47% to $1,725 thousand in 2026 from $3,245 thousand in 2025 .
- Income from Operations as a percentage of Service Revenue: Decreased to 4% in 2026 from 8% in 2025 .
- Servicer and Real Estate Segment: Income from operations was $9,565 thousand (31% of service revenue) in 2026, down from $10,956 thousand (33% of service revenue) in 2025 .
- Origination Segment: Income from operations was $701 thousand (5% of service revenue) in 2026, up from - $73 thousand (-1% of service revenue) in 2025 .
- Corporate and Others: Income from operations was - $8,541 thousand in 2026, compared to - $7,638 thousand in 2025 .
Other Income (Expense), Net
- Interest Expense: Decreased to - $2,109 thousand in 2026 from - $4,938 thousand in 2025, a 57% decrease, attributed to lower outstanding debt and a lower interest rate from the Debt Exchange Transaction .
- Debt Exchange Transaction Expenses: No expenses in 2026, compared to - $2,980 thousand in 2025 .
- Total Other Income (Expense), Net: Improved to - $1,369 thousand in 2026 from - $7,774 thousand in 2025 .
Net Loss and Income Tax
- Income Tax Provision: Increased to - $887 thousand in 2026 from - $742 thousand in 2025 .
- Net Loss attributable to Altisource: Improved to - $635 thousand in 2026 from - $5,344 thousand in 2025 .
Cash Flows (Three months ended March 31)
- Net Cash Provided by (Used in) Operating Activities: Improved significantly to $4,453 thousand provided in 2026 from - $4,972 thousand used in 2025 . This increase was due to a $4.7 million improvement in net loss and a $5.7 million lower use of cash for working capital .
- Net Cash Used in Investing Activities: Increased to - $138 thousand in 2026 from - $25 thousand in 2025 .
- Net Cash (Used in) Provided by Financing Activities: Switched to - $1,147 thousand used in 2026 from $5,990 thousand provided in 2025 . This included $0.3 million in scheduled debt repayments in 2026, compared to $11.3 million in proceeds from the Super Senior Credit Facility and $1.7 million in debt issuance costs in 2025 .
- Cash, Cash Equivalents and Restricted Cash at Period End: Remained relatively stable at $33,661 thousand in 2026 compared to $33,693 thousand in 2025 .
Liquidity and Capital Resources
- Long-term Debt: Total principal debt was $171,260 thousand as of March 31, 2026 . The New Facility has maturities of $825 thousand in 2026, $2,200 thousand in 2027-2028, and $155,875 thousand in 2029-2030 . The Super Senior Facility has maturities of $94 thousand in 2026, $250 thousand in 2027-2028, and $12,016 thousand in 2029-2030 .
- Future Uses of Cash: Total estimated future payments for the New Facility, Super Senior Facility, interest, and lease payments amount to $221,856 thousand .
- Off-Balance Sheet Arrangements: Amounts held in escrow and other accounts were $53.0 million as of March 31, 2026 .
Outlook and Strategy
ALTISOURCE PORTFOLIO SOLUTIONS S.A. aims to become a premier provider of mortgage and real estate marketplaces and related technology-enabled solutions by leveraging core competencies and competitive advantages to grow and diversify its customer and revenue base . The Servicer and Real Estate segment will focus on gaining market share and launching new solutions, while the Origination segment plans to grow with existing customers, attract new ones, and develop new offerings . The company expects to fund future liquidity requirements using existing cash balances and cash generated by operating activities .