---
schema_version: "secwatch.filing_event.v1"
accession: "0001462418-23-000032"
form_type: "8-K"
ticker: "ASPS"
cik: "0001462418"
company_name: "ALTISOURCE PORTFOLIO SOLUTIONS S.A."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:46:24.367899+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Altisource Q1 adj. EBITDA turns positive to $1.5M; revenue flat at $37.1M

## Summary
- Adjusted EBITDA of $1.5M vs -$4.1M a year ago; net loss -$12.9M ($0.70 loss per share).
- Servicer & Real Estate segment revenue $29.8M (+10% YoY); gross margin 41% vs 32%.
- Origination segment revenue $7.3M, first sequential growth in eight quarters (+16.5% QoQ).
- Cash $43.1M; net debt $184.1M; raised $20.5M via stock sale, used $20M to repay term loans.
- Debt maturities extended to April 2025 with option to April 2026 via credit agreement amendments.

## SEC filing metadata
- accession: 0001462418-23-000032
- form_type: 8-K
- ticker: ASPS
- cik: 0001462418
- company_name: ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000032/0001462418-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000032/asps-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462418-23-000032
- JSON: https://secwatch.observer/filing/0001462418-23-000032.json
- Plain text: https://secwatch.observer/filing/0001462418-23-000032.txt

## Key facts
- Earnings Releases
  ALTISOURCE PORTFOLIO SOLUTIONS S.A. reported first quarter 2023 results: revenue $37.1 million, net income Net loss attributable to Altisource of $(12.9) million.
  - Period: first quarter 2023
  - Revenue: $37.1 million
  - Net income: Net loss attributable to Altisource of $(12.9) million
  - Result: reported results
  source text: $14.4 million and $3.4 million, respectively, of annualized revenue on a stabilized basis • The weighted sales pipeline in the Servicer and Real Estate segment represents $37 million to $46 million in estimated annual revenue on a stabilized basis based upon our forecasted probability of closing • The weighted sales pipeline in the Origination segment
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000032/0001462418-23-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.