Altisource Earnings Reports

Altisource delivered a strong Q4 2024, with service revenue rising by 19% year-over-year to $38.4 million and adjusted EBITDA increasing significantly to $4.7 million. The company improved operational efficiency, strengthened its balance sheet through debt restructuring, and ended the quarter with $29.8 million in cash and cash equivalents.

Altisource reported a solid quarter with growth in Service revenue both sequentially and year-over-year. The company generated $38.2 million in Service revenue, representing an 11.8% increase compared to the same period last year. Adjusted EBITDA also improved, driven by higher Service revenue and margin expansion.

Altisource reported a strong second quarter with Service revenue of $36.9 million and Adjusted EBITDA of $4.4 million. The company modestly increased cash and cash equivalents to $29.7 million. Altisource is on track to achieve its 2024 guidance of 13% to 32% service revenue growth over 2023 and Adjusted EBITDA between $17.5 million and $22.5 million in 2024.

Altisource reported financial results for the first quarter 2024, with a service revenue of $36.9 million and an Adjusted EBITDA of $4.6 million, marking the best quarterly performance since Q3 2020. The company is winning new business and ramping up 2023 sales wins on a lower cost base.

Altisource reported a service revenue of $32.2 million and a net loss of $13.2 million for Q4 2023. Despite market headwinds, the company improved its Adjusted EBITDA compared to the previous year.

Altisource reported an improvement in Adjusted EBITDA to $0.9 million, a $4.4 million increase over the previous quarter and a $7.3 million increase compared to the same quarter of the previous year. The company generated $18.4 million in net proceeds from the sale of equity and used $10 million to reduce the principal balance of its term loan.

Altisource reported financial results for the second quarter 2023, with Adjusted EBITDA improving by 47% compared to the same period in 2022. The company anticipates roughly break-even Adjusted EBITDA for the third quarter and positive Adjusted EBITDA for the fourth quarter and full year. Second quarter service revenue was $33.2 million.

Altisource reported a strong start to 2023 with improved financial performance compared to the previous year. The company's Adjusted EBITDA was $1.5 million, and gross profit margins reached 23%, driven by revenue growth in pre-foreclosure solutions, cost savings measures, and an India tax refund.

Altisource reported a service revenue of $32.8 million and a net loss attributable to Altisource of $11.3 million for Q4 2022. The company's Adjusted EBITDA stood at $0.6 million. They focused on growing the sales pipeline, improving operational efficiencies, reducing costs, and strengthening liquidity.

Altisource reported financial results for the third quarter of 2022, with a focus on improving segment margins, growing sales wins, and reducing costs. The Servicer and Real Estate segment benefited from the restart of the default business and operational efficiencies, while the Origination segment had strong sales wins.

Altisource reported second quarter results with the Servicer and Real Estate segment benefiting from the restart of the default business, showing revenue and Adjusted EBITDA growth. The Origination segment saw growth in the average weighted sales pipeline. The company anticipates a return to growth and creation of substantial value for stakeholders.

Altisource reported first quarter financial results with service revenue of $37.8 million and an adjusted EBITDA loss of $4.1 million, marking the first quarter of sequential revenue growth in 11 quarters and an improvement in adjusted EBITDA loss compared to the previous quarter.

Altisource reported a net income of $70.6 million for Q4 2021, driven by the sale of Pointillist. However, service revenue declined by 36% compared to Q4 2020. The company ended the year with a strong cash position and reduced net debt.

Altisource reported a decrease in service revenue and a net loss attributable to Altisource for the third quarter of 2021. However, the company anticipates generating positive cash flow in the second half of 2022 with a reduced cost structure and expects a significant strengthening of the balance sheet from the sale of its equity interest in Pointillist.

Altisource reported a challenging operating environment but expressed excitement about the future of its Origination and Default businesses. The Origination business saw year-over-year growth, while the Default business was impacted by the pandemic but is expected to grow in 2022 and stabilize in 2023.

Altisource reported a decrease in service revenue by 58% compared to the first quarter of 2020, primarily due to COVID-19 pandemic related foreclosure and eviction moratoriums and borrower forbearance plans, and an MSR investor's instructions to Ocwen to transition field services, title and valuation referrals historically provided by Altisource to the MSR investor’s captive vendors. This decrease was partially offset by a 68% increase in revenue in our origination business.

Altisource reported a service revenue of $57.7 million and a net loss attributable to Altisource of $7.2 million, or $0.46 per diluted share for Q4 2020. The company's performance was negatively impacted by COVID-19 related measures and customer transitions, but cost reduction initiatives were implemented to address lower revenue.

Altisource reported a service revenue of $85.4 million, a loss before income taxes and non-controlling interests of $(11.1) million, an adjusted pretax loss attributable to Altisource of $(1.4) million, and an adjusted EBITDA of $6.4 million for the third quarter of 2020.

Altisource reported a challenging second quarter in 2020 due to the COVID-19 pandemic, which significantly impacted its default-related services. The company took measures to reduce costs and preserve cash, ending the quarter with $68 million in cash and cash equivalents. They are forecasting 2021 service revenue of $250 million to $270 million, adjusted EBITDA of $35 million to $43 million and adjusted EBITDA margins of 14% to 16%.

Altisource reported a decrease in service revenue by 31% compared to the first quarter of 2019, primarily due to the sale, discontinuation, and exit from certain businesses in 2019, as well as the impact of COVID-19 related restrictions. This was partially offset by stronger performance from origination related businesses.

Altisource reported a net loss attributable to Altisource of $306.1 million, or $(19.66) per diluted share. Service revenue was $132.6 million, a 37% decrease compared to the fourth quarter 2018. The company's adjusted net income attributable to Altisource was $4.1 million, or $0.26 per diluted share.