Luxembourg's Altisource Q2 service revenue rises on customer wins

Altisource Portfolio Solutions

23/07/2026 12:15

    

    Overview
  
Luxembourg real estate and mortgage services provider's Q2 service revenue rose 19% yr/yr
Q2 adjusted EBITDA fell 18% yr/yr due to higher costs and absence of non-recurring benefit
Company repurchased $2 mln of debt at a 23.7% discount, recognizing a $0.7 mln gain

    

    Outlook
  
Altisource aims to achieve $45 mln run rate Adjusted EBITDA by Q4 2028
Company expects efficiency initiatives to improve product development speed and EBITDA margins

    

    Result Drivers
  
CUSTOMER WINS - Co said service revenue growth from new customers more than offset loss of some Rithm-related business, resulting in a more diversified customer base
HIGHER COSTS - Adjusted EBITDA margin declined due to higher costs to support revenue growth and absence of non-recurring benefit from prior year
HUBZU INVENTORY GROWTH - Total Hubzu inventory grew 30% since Q1, driven by recent sales wins

    
Company press release: ID:nGNX8LRYfL

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Adjusted EPS
Miss
$0.17
$0.20 (1 Analyst)
Q2 Loss Per Share
 
$0.05
 
Q2 Adjusted Net Income
Miss
$1.99 mln
$2.20 mln (1 Analyst)
Q2 Adjusted EBITDA
 
$4.41 mln
 
Q2 Adjusted Operating Income
Beat
$3.56 mln
$1.50 mln (1 Analyst)
Q2 Adjusted Pretax Profit
 
$2.34 mln
 

    

    Analyst Coverage
  
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the real estate services peer group is "buy"
Wall Street's median 12-month price target for Altisource Portfolio Solutions SA is $8.00, about 22% above its July 22 closing price of $6.56

    

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July 22 - Stewart Information Q2 revenue beats, helped by data center transactions
July 23 - Mortgage Advice Bureau H1 revenue rises on strong refinancing activity

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)