---
schema_version: "secwatch.filing_event.v1"
accession: "0001462418-23-000076"
form_type: "8-K"
ticker: "ASPS"
cik: "0001462418"
company_name: "ALTISOURCE PORTFOLIO SOLUTIONS S.A."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:24:49.382137+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Altisource Q3: service revenue $34.1M, net loss $11.3M; Adjusted EBITDA $0.9M, up $7.3M YoY

## Summary
- Service revenue $34.1M, down 6% YoY; net loss attributable $11.3M improved from $14.4M loss.
- Adjusted EBITDA of $0.9M, an improvement of $7.3M YoY and $4.4M QoQ.
- Generated $18.4M net proceeds from September equity sale; used $10M to reduce term loan, eliminating 966,038 warrants.
- Cost reduction plan targeting $13.5M annual savings; September adjusted compensation costs $0.9M lower than Q2 avg.
- Sales wins estimated at $15.3M annual revenue in Servicer/Real Estate and $1.7M in Origination.

## SEC filing metadata
- accession: 0001462418-23-000076
- form_type: 8-K
- ticker: ASPS
- cik: 0001462418
- company_name: ALTISOURCE PORTFOLIO SOLUTIONS S.A.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000076/0001462418-23-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000076/asps-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462418-23-000076
- JSON: https://secwatch.observer/filing/0001462418-23-000076.json
- Plain text: https://secwatch.observer/filing/0001462418-23-000076.txt

## Key facts
- Earnings Releases
  ALTISOURCE PORTFOLIO SOLUTIONS S.A. reported the third quarter 2023 results: revenue $34.1 million, net income Net loss attributable to Altisource of $(11.3) million, EPS Diluted loss per share (0.51).
  - Period: the third quarter 2023
  - Revenue: $34.1 million
  - Net income: Net loss attributable to Altisource of $(11.3) million
  - EPS: Diluted loss per share (0.51)
  - Result: reported results
  source text: Third Quarter 2023 Financial Results • Service revenue of $34.1 million • Loss before income taxes and non-controlling interests of $(10.9) million • Net loss attributable to Altisource of $(11.3) million • Adjusted EBITDA (2) of $0.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462418/000146241823000076/0001462418-23-000076-index.htm

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