Altisource Portfolio Solutions Swings to $667,000 Net Loss in Q1 2026

Altisource Portfolio Solutions S.A., a provider of real estate and mortgage services, swung to a net loss of $667,000 for the quarter ended March 31, 2026, compared to a net loss of $5.4 million in the same quarter of 2025. The company reported revenue of $47.6 million, up 9.5% from $43.4 million in the year-ago period. Read more earnings reports.

Operating income fell to $1.7 million from $3.2 million in the first quarter of 2025, a decline of 47%. The quarter's gross profit was essentially flat at $13.1 million versus $13.3 million a year earlier, even as revenue rose by more than $4 million.

Cost of revenue climbed to $34.5 million from $30.1 million, outpacing the revenue gain. Selling, general and administrative expenses increased to $11.4 million from $10.1 million in the prior-year quarter.

Segment Performance

The company's Service segment generated $33.6 million in revenue, down from $35.2 million in Q1 2025. The Marketplace segment posted $14 million in revenue, up sharply from $8.3 million in the year-ago quarter. A separate revenue category contributed $2.4 million compared to $2.6 million a year earlier.

Income tax expense for the quarter was $887,000, up from $742,000 in the first quarter of 2025.

Balance Sheet and Cash Flow

Total assets increased to $142.2 million as of March 31, 2026, from $139.8 million at the end of December 2025. Cash and cash equivalents stood at $30.3 million, down slightly from $30.8 million three months earlier.

Accounts receivable rose to $20.7 million from $18 million at year-end 2025. Long-term debt decreased modestly to $188.5 million from $189.9 million.

The company generated $4.5 million in cash from operations during the quarter, a reversal from negative $5 million in the first quarter of 2025. Cash used in investing activities totaled $138,000, while financing activities consumed $1.1 million.

Total stockholders' deficit widened to $110.5 million from $110.2 million at December 31, 2025. Retained deficit expanded to $368.3 million from $363.7 million over the same period.

Per Share Data

The company reported a loss of $0.06 per share for the quarter, compared to a loss of $0.74 per share in Q1 2025. Weighted average shares outstanding increased to 11.1 million from 7.3 million, reflecting share issuances during the intervening period.

Common shares outstanding totaled 11.3 million as of March 31, 2026, compared to 11 million at the end of 2025.