---
schema_version: "secwatch.filing_event.v1"
accession: "0001462418-23-000048"
form_type: "8-K"
ticker: "ASPS"
cik: "0001462418"
company_name: "ALTISOURCE PORTFOLIO SOLUTIONS S.A."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:18:22.748532+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Altisource Q2 net loss widens to $18.9M; service revenue down 12% YoY

## Summary
- Q2 service revenue $33.2M (down 12% YoY); net loss attributable to Altisource $(18.9)M vs $(15.5)M a year ago.
- Adjusted EBITDA $(3.5)M, improved 47% from $(6.6)M in Q2 2022; year-to-date Adjusted EBITDA $(2.0)M, up 81%.
- Cash and equivalents $35.0M at period end; net debt $194.7M.
- Expects roughly break-even Adj. EBITDA in Q3 and positive Adj. EBITDA for Q4 and full year.
- Company-wide cost reduction plan launched in July to cut annual cash operating expenses by $13.5M.

## SEC filing metadata
- accession: 0001462418-23-000048
- form_type: 8-K
- ticker: ASPS
- cik: 0001462418
- company_name: ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000048/0001462418-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000048/asps-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462418-23-000048
- JSON: https://secwatch.observer/filing/0001462418-23-000048.json
- Plain text: https://secwatch.observer/filing/0001462418-23-000048.txt

## Key facts
- Earnings Releases
  ALTISOURCE PORTFOLIO SOLUTIONS S.A. reported the second quarter 2023 results: revenue $33.2 million, net income $(18.9) million. Guidance initiated.
  - Period: the second quarter 2023
  - Revenue: $33.2 million
  - Net income: $(18.9) million
  - Guidance: initiated
  - Result: reported results
  source text: Second Quarter 2023 Financial Results • Service revenue of $33.2 million • Loss before income taxes and non-controlling interests of $(18.2) million • Net loss attributable to Altisource of $(18.9) million • Adjusted EBITDA (2) of $(3.5) million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000048/0001462418-23-000048-index.htm

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