Revenue: As of FY2025 Q3, the actual value is USD 41.91 M.

EPS: As of FY2025 Q3, the actual value is USD -0.22.

EBIT: As of FY2025 Q3, the actual value is USD 2.646 M.

Servicer and Real Estate Segment

Revenue

• Service Revenue: $95.992 million for the nine months ended September 30, 2025, an 8% increase compared to $88.495 million for the same period in 2024. $31.175 million for the three months ended September 30, 2025, a 3% increase compared to $30.389 million for the same period in 2024.
• Reimbursable Expenses: $6.605 million for the nine months ended September 30, 2025, a 1% decrease compared to $6.680 million for the same period in 2024. $2.067 million for the three months ended September 30, 2025, a 4% decrease compared to $2.160 million for the same period in 2024.

Cost of Revenue

• Total Cost of Revenue: $65.724 million for the nine months ended September 30, 2025, a 13% increase compared to $58.357 million for the same period in 2024. $21.977 million for the three months ended September 30, 2025, a 7% increase compared to $20.509 million for the same period in 2024.

Gross Profit

• Gross Profit: $36.873 million, representing 38% of service revenue, for the nine months ended September 30, 2025, compared to $36.818 million, representing 42% of service revenue, for the same period in 2024. $11.265 million, representing 36% of service revenue, for the three months ended September 30, 2025, compared to $12.040 million, representing 40% of service revenue, for the same period in 2024.

Selling, General and Administrative Expenses

• Total SG&A Expenses: $5.707 million for the nine months ended September 30, 2025, a 34% decrease compared to $8.687 million for the same period in 2024. $2.344 million for the three months ended September 30, 2025, a 27% decrease compared to $3.194 million for the same period in 2024.

Income from Operations

• Income from Operations: $31.166 million, representing 32% of service revenue, for the nine months ended September 30, 2025, compared to $28.131 million, representing 32% of service revenue, for the same period in 2024. $8.921 million, representing 29% of service revenue, for the three months ended September 30, 2025, compared to $8.846 million, representing 29% of service revenue, for the same period in 2024.

Origination Segment

Revenue

• Service Revenue: $25.356 million for the nine months ended September 30, 2025, an 8% increase compared to $23.409 million for the same period in 2024. $8.491 million for the three months ended September 30, 2025, a 9% increase compared to $7.761 million for the same period in 2024.
• Reimbursable Expenses: $0.462 million for the nine months ended September 30, 2025, a 15% increase compared to $0.401 million for the same period in 2024. $0.104 million for the three months ended September 30, 2025, a 35% decrease compared to $0.161 million for the same period in 2024.

Cost of Revenue

• Total Cost of Revenue: $20.453 million for the nine months ended September 30, 2025, an 8% increase compared to $18.801 million for the same period in 2024. $6.984 million for the three months ended September 30, 2025, a 11% increase compared to $6.312 million for the same period in 2024.

Gross Profit

• Gross Profit: $5.585 million, representing 22% of service revenue, for the nine months ended September 30, 2025, compared to $5.145 million, representing 22% of service revenue, for the same period in 2024. $1.682 million, representing 20% of service revenue, for the three months ended September 30, 2025, compared to $1.670 million, representing 22% of service revenue, for the same period in 2024.

Selling, General and Administrative Expenses

• Total SG&A Expenses: $5.463 million for the nine months ended September 30, 2025, a 9% increase compared to $5.030 million for the same period in 2024. $2.040 million for the three months ended September 30, 2025, a 54% increase compared to $1.325 million for the same period in 2024.

Income from Operations

• Income from Operations: $0.122 million, representing 0% of service revenue, for the nine months ended September 30, 2025, compared to $0.115 million, representing 0% of service revenue, for the same period in 2024. - $0.358 million, representing -4% of service revenue, for the three months ended September 30, 2025, compared to $0.345 million, representing 4% of service revenue, for the same period in 2024.

Corporate and Others

Revenue

• Total Revenue: $0 for the nine months ended September 30, 2025, compared to $0 for the same period in 2024. $0 for the three months ended September 30, 2025, compared to $0 for the same period in 2024.

Cost of Revenue

• Total Cost of Revenue: $4.759 million for the nine months ended September 30, 2025, a 2% decrease compared to $4.872 million for the same period in 2024. $1.600 million for the three months ended September 30, 2025, a 2% decrease compared to $1.640 million for the same period in 2024.

Gross Profit

• Gross Profit: - $4.759 million for the nine months ended September 30, 2025, compared to - $4.872 million for the same period in 2024. - $1.600 million for the three months ended September 30, 2025, compared to - $1.640 million for the same period in 2024.

Selling, General and Administrative Expenses

• Total SG&A Expenses: $19.532 million for the nine months ended September 30, 2025, a 6% decrease compared to $20.734 million for the same period in 2024. $6.442 million for the three months ended September 30, 2025, a 0% increase compared to $6.446 million for the same period in 2024.

Income from Operations

• Income from Operations: - $24.291 million for the nine months ended September 30, 2025, compared to - $25.606 million for the same period in 2024. - $8.042 million for the three months ended September 30, 2025, compared to - $8.086 million for the same period in 2024.

Consolidated Altisource

Revenue

• Total Revenue: $128.635 million for the nine months ended September 30, 2025, an 8% increase compared to $119.121 million for the same period in 2024. $41.908 million for the three months ended September 30, 2025, a 3% increase compared to $40.531 million for the same period in 2024.

Cost of Revenue

• Total Cost of Revenue: $90.936 million for the nine months ended September 30, 2025, an 11% increase compared to $82.030 million for the same period in 2024. $30.561 million for the three months ended September 30, 2025, a 7% increase compared to $28.461 million for the same period in 2024.

Gross Profit

• Gross Profit: $37.699 million, representing 31% of service revenue, for the nine months ended September 30, 2025, compared to $37.091 million, representing 33% of service revenue, for the same period in 2024. $11.347 million, representing 29% of service revenue, for the three months ended September 30, 2025, compared to $12.070 million, representing 32% of service revenue, for the same period in 2024.

Selling, General and Administrative Expenses

• Total SG&A Expenses: $30.702 million for the nine months ended September 30, 2025, an 11% decrease compared to $34.451 million for the same period in 2024. $10.826 million for the three months ended September 30, 2025, a 1% decrease compared to $10.965 million for the same period in 2024.

Income from Operations

• Income from Operations: $6.997 million, representing 6% of service revenue, for the nine months ended September 30, 2025, compared to $2.640 million, representing 2% of service revenue, for the same period in 2024. $0.521 million, representing 1% of service revenue, for the three months ended September 30, 2025, compared to $1.105 million, representing 3% of service revenue, for the same period in 2024.

Other Income (Expense), net

• Total Other Income (Expense), net: - $13.004 million for the nine months ended September 30, 2025, compared to - $27.134 million for the same period in 2024. - $2.186 million for the three months ended September 30, 2025, compared to - $9.598 million for the same period in 2024.

Income Tax (Provision) Benefit

• Income Tax (Provision) Benefit: $15.069 million for the nine months ended September 30, 2025, compared to - $2.237 million for the same period in 2024. - $0.660 million for the three months ended September 30, 2025, compared to - $0.809 million for the same period in 2024.

Net (Loss) Income

• Net (Loss) Income: $9.062 million for the nine months ended September 30, 2025, compared to - $26.731 million for the same period in 2024. - $2.325 million for the three months ended September 30, 2025, compared to - $9.302 million for the same period in 2024.

Net (Loss) Income Attributable to Altisource

• Net (Loss) Income Attributable to Altisource: $8.842 million for the nine months ended September 30, 2025, compared to - $26.867 million for the same period in 2024. - $2.396 million for the three months ended September 30, 2025, compared to - $9.362 million for the same period in 2024.

Future Outlook and Strategy

Core Business Focus

• Growth Targets: The company aims to grow its business by expanding relationships with existing customers and attracting new customers. The focus is on gaining market share in existing solutions and launching new solutions within the Servicer and Real Estate segment and the Origination segment.
• Margin Improvement: The company is focused on improving margins by reducing its cost structure and maintaining the infrastructure to deliver default-related services for its customer base.
• Market Expansion: The company is looking to expand its market presence by launching new solutions and increasing customer adoption of existing solutions.

Non-Core Business

• Divestitures: The company is not currently focused on divestitures but is evaluating its strategy and core businesses to provide long-term value to its customers and shareholders.
• Emerging Segments: The company is exploring opportunities in the residential renovation business and commercial real estate auction business on its Hubzu platform.
• Exploratory Efforts: The company is continuously evaluating new business opportunities and market trends to stay competitive and provide innovative solutions to its customers.

Priority

• Concrete Projections: The company has set measurable goals for growth, margin improvement, and market expansion. It is focused on achieving these goals through strategic initiatives and continuous evaluation of its business segments.
• Quantitative Indicators: The company is monitoring key financial and operational metrics to track its progress and make data-driven decisions to achieve its strategic objectives.