earnings
confidence high
sentiment positive
materiality 0.75
Altisource Q1 service revenue $40.9M (+11% YoY); Adj EBITDA $5.3M (+14%); debt exchange reduces debt by $73M
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
2025-Q1 EPS reported
-$0.09
revenue$43,439,000
- Service revenue $40.9M, up 11% YoY; Adjusted EBITDA $5.3M, up 14% YoY; net loss $5.3M improved from $9.2M in Q1 2024.
- On Feb 19, exchanged $232.8M senior secured loans for $160M new first lien loan + 58.2M shares; issued warrants for 114.5M shares at $1.20.
- Closed $12.5M super senior credit facility for transaction costs and general corporate purposes.
- Foreclosure initiations up 25% YoY; foreclosure sales down 2% YoY; mortgage origination volume down 1% YoY.
- Generated sales wins with estimated potential annualized service revenue of $9.4M combined for Servicer/Real Estate and Origination segments.