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ASPS-News
ASPS-Events
Altisource Q4 Revenue $42.34M, Up 3.2% YoY
Reports Q4 revenue $42.34M vs $41.013M last year. "We are pleased with our full year and fourth quarter 2025 performance driven by disciplined execution, reduced interest expense and strong sales wins. For the year, we grew Service revenue by $10.9 million, or 7%, to $161.3 million, Adjusted EBITDA by $0.9 million, or 5%, to $18.3 million and significantly improved our GAAP loss before income taxes by $18.7 million to $14.1 million. The sales wins, including fourth quarter wins estimated to generate $13.2 million in stabilized annual revenue, should put us in a strong position to mitigate the impact of anticipated legacy revenue losses, materially diversify Altisource's revenue base and support our growth. Our first quarter 2026 progress onboarding fourth quarter wins provides increased visibility on our potential ability to grow as we move through 2026," said Chairman and Chief Executive Officer William Shepro.
Altisource Appoints Rick Seehausen as President of Lenders One
Altisource Portfolio Solutions announced the appointment of Rick Seehausen as President of Lenders One. In this role, Seehausen will lead the strategic direction and day-to-day operations of Altisource's Origination segment, including the delivery of Altisource's direct origination solutions through the Lenders One brand. Most recently, Seehausen served as President, Chief Operating Officer, and Vice Chairman of Cherry Creek Mortgage.
Statebridge Selects Equator as Real Estate Management Platform
Equator, an Altisource business unit and a leading SaaS platform for residential real estate management, today announced that Statebridge Company, a mortgage servicer specializing in non-agency, GSE portfolios and business purpose loans, has selected Equator as its platform to manage real estate owned operations. "As our inventory increased, we needed a platform that could scale with our business," said Bryce Fendall, VP at Statebridge Company. "We chose Equator because it supports consistent operations across in-house, outsourced, and hybrid models. We also appreciate Equator's continued investment in modernizing the platform, including new AI capabilities that can drive efficiency and deliver stronger portfolio insights."
Altisource Files Form S-3 for Shares Previously Issued to Lenders
Altisource Portfolio Solutions filed a Form S-3 Registration Statement with the Securities and Exchange Commission on October 24 related to the registration of the resale of the shares previously issued to its lenders under the Securities Act of 1933, as amended. On February 19, Altisource entered into agreements with 100% of the lenders under its senior secured term loans. Under these agreements, the Lenders exchanged the senior secured term loans with an outstanding balance of $232.8M for a $160M new first lien loan facility and 7.3M shares of common stock. As required under the terms of agreements between Altisource and the Lenders, Altisource filed the Form S-3 to register the resale of the Debt Exchange Shares. The Form S-3 includes a preliminary prospectus, which is not complete and may be changed. The Form S-3 is not yet effective.
Altisource Submits Registration for Previously Issued Shares for Potential Sale
On Friday, Altisource filed a prospectus related to the possible sale from time to time by the selling security holders of up to 7.22M shares. "Our registration of the Shares covered by this prospectus does not mean that the Selling Stockholders will offer or sell any of the Shares pursuant to this prospectus. The Selling Stockholders may sell the Shares covered by this prospectus in a number of different ways and at varying prices," the filing stated. This note corrects a prior headline which stated Altisource filed to sell 7.22M shares for holders.
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