--- title: "Altisource Portfolio | 8-K: FY2026 Q2 Revenue: USD 50.66 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293604277.md" datetime: "2026-07-23T11:06:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293604277.md) - [en](https://longbridge.com/en/news/293604277.md) - [zh-HK](https://longbridge.com/zh-HK/news/293604277.md) generator: "portal-rs" --- # Altisource Portfolio | 8-K: FY2026 Q2 Revenue: USD 50.66 M Revenue: As of FY2026 Q2, the actual value is USD 50.66 M. EPS: As of FY2026 Q2, the actual value is USD -0.05. EBIT: As of FY2026 Q2, the actual value is USD 2.086 M. ### Second Quarter 2026 Financial Highlights Altisource Portfolio Solutions S.A. reported service revenue of $48.7 million in the second quarter of 2026, an increase of 19% compared to the second quarter of 2025, and total revenue of $50.663 million, up 17% year-over-year. Gross profit for the quarter was $12.820 million, marking a 2% decrease from the same period in 2025, with a gross profit margin on service revenue of 26% compared to 32% in Q2 2025. Income from operations decreased by 65% to $1.131 million from $3.231 million in Q2 2025. The company reported a Loss before income taxes and non-controlling interests of - $43 thousand for Q2 2026, a 123% decrease from $187 thousand in Q2 2025. Net loss attributable to Altisource Portfolio Solutions S.A. was - $0.562 million, a 103% decline from a net income of $16.582 million in Q2 2025, largely due to an $18.5 million benefit in 2025 from the reversal of reserves for uncertain tax positions and related accrued interest. Adjusted EBITDA for the second quarter 2026 was $4.406 million, down 18% from $5.382 million in Q2 2025, resulting in an Adjusted EBITDA margin of 9% compared to 13% in the prior year. This was primarily attributed to a non-recurring benefit in Q2 2025 and higher costs to support revenue growth. #### Cash Flow Cash used in operating activities for Q2 2026 was - $6.630 million, representing a $6.3 million increase in cash used compared to - $306 thousand in Q2 2025, mainly driven by an increase in receivables from revenue growth. Net cash used in operating activities less additions to premises and equipment was - $6.861 million, compared to - $309 thousand in Q2 2025. Altisource Portfolio Solutions S.A. ended the quarter with $23.186 million in cash and cash equivalents. #### Debt and Operational Metrics Altisource Portfolio Solutions S.A. repurchased $2.0 million of its debt at a 23.7% discount, recognizing a net gain of $0.696 million on the early extinguishment of debt. Net debt as of June 30, 2026, was $145.808 million. Business Segments Adjusted EBITDA (Servicer and Real Estate and Origination segments) totaled $12.265 million, or 25.2% of Service revenue, in Q2 2026, down from $12.851 million, or 31.5% of Service revenue, in Q2 2025. This decrease was primarily due to a non-recurring benefit in Q2 2025 related to a legacy matter in the Servicer and Real Estate segment and higher costs to support revenue growth. Operational highlights include sales wins estimated to represent potential annualized service revenue of $5.2 million for the Servicer and Real Estate segment and $7.1 million for the Origination segment. Total Hubzu inventory grew 30% since Q1 2026. The company ended the quarter with an estimated weighted average sales pipeline of $25.1 million to $31.3 million in potential estimated annual revenue. #### Outlook Altisource Portfolio Solutions S.A. believes that sales wins, ongoing efficiency initiatives, and continued sales momentum position it well to achieve its Project 45 objective of $45 million in run rate Adjusted EBITDA by the fourth quarter of 2028. The company anticipates that deploying AI and other efficiency initiatives will improve product development speed and EBITDA margins. ### Related Stocks - [ASPS.US](https://longbridge.com/en/quote/ASPS.US.md) ## Related News & Research - [Igua Sergipe board signs off Q2 2026 financial results](https://longbridge.com/en/news/297932404.md) - [Marisa updates financial events calendar for 2026](https://longbridge.com/en/news/297913424.md) - [Pininfarina announces availability of H1 2026 interim financial report](https://longbridge.com/en/news/298044460.md) - [Quanta Services announces dividend of R$ 0.03 per unit for Q3 2026](https://longbridge.com/en/news/297931955.md) - [LyondellBasell announces dividend of R$ 1.72 per unit for 3Q 2026](https://longbridge.com/en/news/297814383.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**