Altisource Q3 Service Revenue Grows 26% to $49.8 Million as Net Loss Narrows to $1.4 Million
Altisource Portfolio Solutions S.A., an integrated service provider and marketplace for the real estate and mortgage industries, reported third-quarter 2026 results on October 29. Service revenue was $49.8 million, up 26% from the same quarter of 2025, and total revenue was $51.9 million, up 24%. The net loss attributable to Altisource narrowed to $1.4 million from $2.4 million a year earlier.
Diluted loss per share improved to $0.12, while adjusted diluted earnings per share rose 30% to $0.13. Adjusted EBITDA was $4.3 million, up 17%, at a margin of 8.5%. Operating cash flow was $3.5 million, and the company ended the quarter with $25.1 million in cash and cash equivalents.
Revenue from customers outside Onity and Rithm grew 96% year over year and now represents 72% of service revenue. Inventory on the company's Hubzu marketplace grew 16% from the second quarter and more than quadrupled from a year earlier, to about 26,000 units. New sales wins in the quarter represented an estimated $2.7 million of potential annualized service revenue in the Servicer and Real Estate segment and $6.3 million in the Origination segment.
Chairman and CEO William B. Shepro said customer wins continued to ramp in the quarter and that the company's AI and efficiency initiatives have begun accelerating product development. He said the ramp of customer wins, greater operating leverage and disciplined cost management are the building blocks of Project 45, the company's objective of reaching $45 million of run-rate adjusted EBITDA by the fourth quarter of 2028. Industry-wide, foreclosure initiations were 20% higher in the eight months ended August 31, 2026 than a year earlier, while third-quarter mortgage origination volume fell 6%, the company noted.
Source: GSM · USA (original Chinese edition)
Photo: 图：美国一处住宅区航拍，Altisource 为房地产与抵押贷款行业提供服务与交易平台。照片：David E. Lucas 摄，公共领域，经 Wikimedia Commons。 / An aerial view of a U.S. residential area; Altisource provides services and marketplaces for the real estate and mortgage industries. Photo: David E. Lucas, public domain, via Wikimedia Commons.
