--- title: "ALTISOURCE PORTFOLIO SOLUTIONS S A C/WTS 02/04/2029(TO PUR COM) | 8-K: FY2026 Q2 Revenue: USD 50.66 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293604284.md" datetime: "2026-07-23T11:06:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293604284.md) - [en](https://longbridge.com/en/news/293604284.md) - [zh-HK](https://longbridge.com/zh-HK/news/293604284.md) generator: "portal-rs" --- # ALTISOURCE PORTFOLIO SOLUTIONS S A C/WTS 02/04/2029(TO PUR COM) | 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 2.088 M. #### Service Revenue Second quarter 2026 Service revenue was $48.7 million, an increase of 19% compared to the second quarter of 2025, and an 8% increase compared to the first quarter of 2026. For the year-to-date period ended June 30, 2026, Service revenue was $93.8 million, up 15% from $81.7 million in the same period of 2025. #### Gross Profit Gross profit for the second quarter of 2026 was $12.8 million, a decrease of 2% compared to $13.0 million in the second quarter of 2025. For the year-to-date period ended June 30, 2026, gross profit was $25.9 million, a decrease of 2% from $26.4 million in the same period of 2025. #### Income from Operations Income from operations for the second quarter of 2026 was $1.1 million, a decrease of 65% compared to $3.2 million in the second quarter of 2025. For the year-to-date period ended June 30, 2026, income from operations was $2.9 million, a decrease of 56% from $6.5 million in the same period of 2025. #### Loss Before Income Taxes and Non-Controlling Interests Loss before income taxes and non-controlling interests for the second quarter of 2026 was -$43 thousand, a decrease of $0.2 million compared to $187 thousand in the second quarter of 2025. For the year-to-date period ended June 30, 2026, income before income taxes and non-controlling interests was $313 thousand, compared to a loss of -$4.3 million in the same period of 2025. #### Net Loss Attributable to Altisource Net loss attributable to Altisource for the second quarter of 2026 was -$0.6 million, a $17.1 million decline compared to $16.6 million net income in the same quarter of 2025, which included an $18.5 million benefit from the reversal of reserves for uncertain tax positions. For the year-to-date period ended June 30, 2026, net loss attributable to Altisource was -$1.2 million, compared to net income of $11.2 million in the same period of 2025. #### Adjusted EBITDA Adjusted EBITDA for the second quarter of 2026 was $4.4 million, an 18% decrease compared to $5.4 million in the second quarter of 2025. The Adjusted EBITDA margin was 9%, down from 13% in the prior year, largely due to a non-recurring benefit in Q2 2025 and higher costs to support revenue growth. For the year-to-date period ended June 30, 2026, Adjusted EBITDA was $8.9 million, a 17% decrease from $10.6 million in the same period of 2025. Adjusted EBITDA in the Business Segments (Servicer and Real Estate and Origination segments) was $12.3 million, or 25.2% of Service revenue, compared to $12.9 million, or 31.5% of Service revenue, in the second quarter of 2025. #### Cash Flow Net cash used in operating activities for the second quarter of 2026 was -$6.6 million, a $6.3 million increase compared to -$306 thousand in the same period of 2025, primarily driven by an increase in receivables from revenue growth. For the year-to-date period ended June 30, 2026, net cash used in operating activities was -$2.2 million, compared to -$5.3 million in the same period of 2025. Net cash used in operating activities less additions to premises and equipment for the second quarter of 2026 was -$6.9 million, compared to -$309 thousand in the same period of 2025. For the year-to-date period ended June 30, 2026, this metric was -$2.5 million, compared to -$5.3 million in the same period of 2025. Cash and cash equivalents at the end of the second quarter 2026 were $23.2 million, down from $26.6 million at December 31, 2025. #### Debt and Other Financials Altisource repurchased $2.0 million of its debt at a 23.7% discount, recognizing a net gain of $0.7 million on the early extinguishment of debt. The total long-term debt was $185.0 million as of June 30, 2026. Net debt was $145.8 million as of June 30, 2026. #### Operational Metrics Hubzu inventory grew to 22.3 as of June 30, 2026, compared to 17.2 as of March 31, 2026, and 7.3 as of December 31, 2025. Sales wins are 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. The estimated weighted average sales pipeline ranges between $25.1 million and $31.3 million of potential annual revenue. Industrywide foreclosure initiations and sales were 14% and 19% higher, respectively, for the five months ended May 31, 2026, compared to the same period in 2025. Industrywide mortgage origination unit volume increased by 9% for the second quarter of 2026 compared to the same period in 2025, driven by a 37% increase in refinancing origination unit volume, offsetting a 4% decrease in purchase origination unit volume. #### Outlook / Guidance Altisource aims to achieve its “Project 45” objective of $45 million in run rate Adjusted EBITDA by the fourth quarter of 2028. This objective is supported by the ramp of sales wins, ongoing efficiency initiatives, and continued sales wins. ### Related Stocks - [ASPSZ.US](https://longbridge.com/en/quote/ASPSZ.US.md) ## Related News & Research - [RREEF Property Trust Declares August 2026 Monthly Distributions](https://longbridge.com/en/news/297683233.md) - [Edmond de Rothschild Real Estate SICAV plans CHF 82 million ERRES Commercial Income capital hike in October 2026](https://longbridge.com/en/news/297674809.md) - [Infracore discloses key terms of its binding offer for the real estate of Wetzikon Hospital](https://longbridge.com/en/news/297734172.md) - [Alexandria Real Estate Equities declares Q3 2026 dividend of R$ 0.63 per unit](https://longbridge.com/en/news/297928934.md) - [Pininfarina announces availability of H1 2026 interim financial report](https://longbridge.com/en/news/298044460.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**