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Property management company Altisource's Q2 service revenue up 11%

ReutersJul 24, 2025 11:21 AM


Overview

  • Altisource Q2 service revenue up 11% yr/yr, driven by favorable market conditions

  • Adjusted EBITDA rises 19% yr/yr, reflecting improved operational efficiency

  • On May 28, 2025, co implemented 1-for-8 reverse stock split, reducing shares outstanding


Result Drivers

  • LOW DELINQUENCY ENVIRONMENT - Altisource grew service revenue and adjusted EBITDA in a historically low delinquency environment

  • COST DISCIPLINE - Improved financial metrics attributed to cost discipline and lower interest expenses

  • TAX RESERVE REVERSAL - $9.6 mln reversal of tax reserves related to India operations boosted net income


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Adjusted EPS

$0.19

Q2 EPS

$1.48

Q2 Adjusted Net Income

$2.17 mln

Q2 Adjusted EBITDA

$5.38 mln

Q2 Adjusted Operating Income

$5.44 mln

Q2 Adjusted Pretax Profit

$2.79 mln

Press Release: ID:nGNX625gBM

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