Altisource Portfolio Solutions S.A. (ASPS) Earnings
Altisource Portfolio Solutions S.A. is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $0.20. ASPS has beaten EPS estimates in 4 of its last 8 reported quarters (average surprise +10.9% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.18 | $0.19 | +5.6% | $48M | +19.6% |
| Mar 4, 2026 | — | $0.11 | — | $42M | — |
| Oct 23, 2025 | — | $0.10 | — | $42M | — |
| Jul 24, 2025 | — | $0.19 | — | $43M | — |
| May 1, 2025 | — | $-0.02 | — | $43M | — |
| Mar 13, 2025 | $-2.16 | $-1.44 | +33.3% | $41M | +0.0% |
| Oct 24, 2024 | $-0.23 | $-0.23 | +0.0% | $41M | -9.7% |
| Jul 25, 2024 | $-0.22 | $-0.21 | +4.5% | $41M | -9.7% |
| Apr 25, 2024 | $-0.26 | $-0.20 | +23.1% | $42M | +20.1% |
| Mar 7, 2024 | $-0.33 | $-0.37 | -12.1% | $36M | -0.9% |
| Oct 26, 2023 | $-0.34 | $-0.44 | -29.4% | $36M | -0.4% |
| Jul 27, 2023 | $-0.34 | $-0.68 | -100.0% | $35M | -16.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Off to a strong start in 2026 with growth in service revenue and pre-tax gap earnings. • Origination segment saw accelerated service revenue and EBITDA growth due to sales wins and a stronger origination market. • Servicer and real estate segment has HUD's new inventory at 17,200 homes, with sales wins in title and foreclosure trustee businesses. • Origination segment first quarter service revenue up 71% to $13.7 million, adjusted EBITDA more than doubled. • Servicer and real estate segment first quarter service revenue down 5% to $31.4 million, adjusted EBITDA down 10%. • Secured $12.4 million in annualized stabilized service revenue wins in servicer and real estate segment, with a sales pipeline of $11.7 million. • Total HUBZoo inventory tripled since September 30th to 17,200 assets as of March 31st and over 18,800 earlier this week. • Corporate adjusted EBITDA loss was $7.6 million, with expectation of stable corporate costs as revenue grows.
Guidance
• Anticipates momentum to continue throughout the year. • Forecasts full-year service revenue growth in servicer and real estate segment from HUBZoo inventory growth and recent sales wins, with revenue growth partially offset by lower ONIDI and Rhythm revenue. • Anticipates strong full-year service revenue growth in origination segment based on sales wins, pipeline, and forecasted market conditions. • Guided to positive operating cash flow for the year.
Segment performance
For the first quarter, total service revenue was $45.1 million, a 10% increase over Q1 2025. Origination segment service revenue grew 71% to $13.7 million, with adjusted EBITDA doubling to $1.2 million. Servicer and real estate segment service revenue was $31.4 million, down 5% from Q1 2025, with adjusted EBITDA at $10.8 million, down 10%. Corporate segment adjusted EBITDA loss was $7.6 million. Origination segment contributed 30.4% to total service revenue ($13.7 million / $45.1 million), servicer and real estate segment contributed 69.6% ($31.4 million / $45.1 million).
Risks & headwinds
• Forward-looking statements include risks and uncertainties that could cause actual results to differ. • Need to review forward-looking statements sections, quarterly slides, and 2025 Form 10-K risk factors.
Analyst Q&A
Q: On the sales pipeline in the servicer and real estate segment, why did it decrease from $19.3 million to $11.7 million and what to expect going forward?
A: The difference reflects over $10 million in sales wins, and they'll work to rebuild the pipeline.
Q: Net cash provided by operating activities was $4.5 million, significant increase year over year. Should we expect positive cash flow throughout the year?
A: Guided to positive operating cash flow for the year, with fluctuations from quarter to quarter but anticipate positive for the year.
Q: Is positive cash flow more supported by servicer and real estate segment or origination segment?
A: Servicer and real estate segment has larger EBITDA, so more cash flow comes from there, but expected to become more balanced over time.