Altisource Announces Third Quarter 2026 Financial Results
Globe Newswire•29/10/2026•07:22 ET
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Key Highlights
- ➤Service revenue $49.8 million, up 26% year over year
- ➤Adjusted EBITDA $4.3 million, up 17% year over year
- ➤Adjusted diluted EPS $0.13, up 30% year over year
- ➤Customer wins represent $9.0 million potential annualized stabilized service revenue
- ➤Hubzu inventory 26.0 thousand, more than quadrupled year over year
Expert Statements
William B. Shepro, Chairman and Chief Executive Officer of Altisource
“We are pleased with our third quarter 2026 performance, with year-over-year Service revenue and Adjusted EBITDA growth in both segments. Customer wins continued to ramp, driving a 26% increase in total Company Service revenue, while revenue from customers outside of Onity and Rithm grew 96% year over year and now represents 72% of our Service revenue. Additionally, our AI and other efficiency initiatives began accelerating product development speed and are anticipated to drive scalability and operating leverage over the upcoming quarters,”
William B. Shepro, Chairman and Chief Executive Officer of Altisource
“Together, the continued ramp and seasoning of customer wins, greater operating leverage and disciplined cost management represent the core building blocks of Project 45—our objective of reaching $45 million of run-rate Adjusted EBITDA by the fourth quarter of 2028.”
Third quarter 2026 Service revenue grew 26% compared to the third quarter 2025
LUXEMBOURG, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the third quarter 2026.
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