Recent 8-K filings for ASPS
Highest-materiality recent filing
Altisource enters debt restructuring: reduces debt $58M, extends maturity 5 years, grants 63.5% equity to lenders
- Reduces debt by $58M (25%) to $172.5M: up to $110M term loan, $50M exit fee, $12.5M super senior facility.
- Annual cash and PIK interest cut by ~$18M; maturity extended to April 30, 2030 from April 30, 2025.
-
Altisource Q1 service revenue $45.1M (+10% YoY); net loss narrows to $0.6M
Service revenue $45.1M (+10% YoY); gross profit $13.1M, margin 29% (down from 33%).
-
Full year 2025 Service revenue $161.3M (+7% YoY); net income attributable to Altisource $1.6M vs loss $35.6M in 2024.
-
Altisource Hubzu inventory surges 137% to 13,500 assets; records $7.5M litigation settlement
Hubzu inventory grew approx. 137% to ~13,500 assets as of Feb 15, 2026, from 5,700 assets as of Sep 30, 2025.
-
Altisource Q3 net loss narrows to $2.4M; service revenue up 4% to $39.7M
Service revenue $39.7M (+4% YoY); net loss attributable to Altisource $2.4M, improved from $9.4M loss in Q3 2024.
-
Altisource shareholders approve 1-for-8 reverse stock split, effective May 28, 2025
Shareholders approved 1-for-8 reverse stock split at Extraordinary Meeting; outstanding shares to drop from ~88.95M to ~11.12M.
-
Altisource Q2 2025 net income $16.6M vs loss; service revenue up 11% to $40.8M
Service revenue $40.8M (+11% YoY); net income attributable $16.6M vs ($8.3M) loss in Q2 2024.
-
Altisource announces 1-for-8 reverse stock split effective May 28, 2025 to regain Nasdaq compliance
Reverse stock split at ratio 1-for-8 effective 12:01 a.m. CET on May 28, 2025.
-
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.
-
Warrant distribution date is April 3, 2025; record date was Feb 14, 2025.
-
Q4 service revenue $38.5M, up 19% YoY; Adjusted EBITDA $4.7M vs $0.2M in Q4 2023.
-
Altisource Portfolio Solutions regains Nasdaq compliance for minimum public float rule
Received Nasdaq notice on March 12, 2025 confirming compliance with MVPHS minimum $15M listing rule.
-
Altisource completes exchange of $232.8M term loans for new $160M facility and 58.2M shares
Lenders exchanged $232.8M of senior secured term loans for $160M new first lien loan ($110M interest-bearing + $50M exit fee) and 58.2M common shares.
-
Share capital decreased by $30.5M via par value reduction from $1.00 to $0.01 per share.
-
CEO Shepro and CFO Esterman rescind voluntary stock-for-cash pay modification, effective Feb 1, 2025; full base salary in cash.
-
Altisource receives Nasdaq deficiency notices for bid price and market value of public float
Closing bid price below $1.00 for 30 consecutive days; must regain compliance by June 17, 2025.
-
Reduces debt by $58M (25%) to $172.5M: up to $110M term loan, $50M exit fee, $12.5M super senior facility.
-
Altisource Q3 service revenue $38.2M, up 12% YoY; adjusted EBITDA $3.6M vs $0.9M
Service revenue $38.2M, up 11.8% YoY; gross profit margin improved to 31.6% from 21.1%.
-
Altisource Q2 service rev $36.9M (+11% YoY); Adj EBITDA $4.4M vs ($3.5M) loss
Service revenue $36.9M, up 11% YoY; gross profit margin improved to 34.0% from 16.7%.
-
Altisource Q1 2024: Service revenue $36.9M, Adj. EBITDA $4.6M best since Q3 2020
Service revenue of $36.9M; gross profit margin 33.4% vs 22.9% YoY.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.65 · Most common event other_material