Altisource's foreclosure auction inventory surges as service revenue rises 26%. Altisource's Hubzu foreclosure-auction inventory climbed to 22,900 properties, while third-quarter service revenue rose 26% to $49.8 million. Altisource Portfolio Solutions reported a sharp increase in foreclosure-auction properties handled by its Hubzu marketplace alongside stronger mortgage and real estate service revenue in the third quarter. The company released results October 29 at 7:22 a.m. Eastern for the quarter ended September 30, 2026. Its official earnings release shows service revenue rising 26% year over year to $49.8 million. Hubzu inventory expands sharply. Altisource said foreclosure-auction inventory on Hubzu increased to 22,900 properties at September 30, compared with 4,000 a year earlier and 19,300 at June 30. Total Hubzu inventory, including real estate owned properties, reached approximately 26,000, up from 5,700 a year earlier. The increase reflects the company's inventory and customer relationships. It is not equivalent to a national foreclosure count and should not be interpreted as a comparable increase in U.S. foreclosure activity. Altisource said it transacted 789 homes through Hubzu during the quarter, up from 583 a year earlier, as newly acquired inventory continued moving through its sales pipeline. Revenue growth, but a net loss remains. Service revenue increased from $39.7 million to $49.8 million. Total revenue, which includes reimbursable expenses, was $51.9 million, up 24%. Adjusted EBITDA rose 17% to $4.3 million. The company nevertheless reported a GAAP net loss attributable to Altisource of approximately $1.4 million, improved from a $2.4 million loss a year earlier. Adjusted earnings per diluted share of 13 cents are a non-GAAP measure and should not be confused with the GAAP diluted loss of 12 cents per share. New customers drive diversification. Altisource said service revenue from customers outside Onity, Rithm and associated portfolios increased 96% and accounted for 72% of total service revenue, compared with 46% a year earlier. Management credited new customer wins and the ramp-up of existing contracts. The company reported that its origination services segment grew service revenue 65%, while the servicer and real estate segment grew 15%. It also cautioned that revenue mix and investments in new business affected margins. What the figures say about foreclosure activity. In contextual industry data cited by Altisource, foreclosure starts during the first eight months of 2026 were 20% higher than in the comparable 2025 period, while foreclosure sales rose 17%. The company said both measures remained below comparable pre-pandemic levels. Those industry figures are distinct from Hubzu's platform inventory and rely on third-party mortgage data. The figures underscore renewed activity in distressed-property servicing and disposition, without implying a return to foreclosure conditions seen during the financial crisis. Simple content summary. Altisource reported 26% growth in third-quarter service revenue to $49.8 million and a narrower $1.4 million net loss. Hubzu foreclosure-auction inventory rose to 22,900 properties from 4,000 a year earlier. The platform's growth is company-specific and should not be confused with national foreclosure rates.

Altisource Portfolio Solutions (NASDAQ:ASPS) releases quarterly earnings results, misses expectations by $0.05 EPS. October 29, 2026 Key points. * Altisource Portfolio Solutions reported adjusted EPS of $0.13, missing analyst expectations of $0.18 by $0.05, despite service revenue rising 26% year over year to $49.8 million and Adjusted EBITDA increasing 17% to $4.3 million. * Growth indicators remained positive, including a $12.8 million annualized revenue pipeline in Servicer and Real Estate, an $18.5 million pipeline in Origination, and Hubzu inventory more than quadrupling to 26,000 assets. * Margins declined because of unfavorable revenue mix, implementation investments, and the wind-down of some Rithm-related business; analysts hold a consensus "Hold" rating with an average price target of $8.00. * Five stocks to consider instead of Altisource Portfolio Solutions. Altisource Portfolio Solutions (NASDAQ:ASPS - Get Free Report) posted its quarterly earnings data on Thursday. The business services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.05), FiscalAI reports. Altisource Portfolio Solutions had a negative return on equity of 1.69% and a negative net margin of 5.93%. Here are the key takeaways from Altisource Portfolio Solutions' conference call: * Third-quarter service revenue rose 26% year over year to $49.8 million, while Adjusted EBITDA increased 17% to $4.3 million; adjusted EPS grew 30% to $0.13. * Recent customer wins continued to ramp, with a weighted average estimated pipeline of $12.8 million in annualized stabilized revenue in Servicer and Real Estate and $18.5 million in Origination, supporting management's expectation for further growth. * Hubzu inventory more than quadrupled year over year to 26,000 assets, and home transactions increased to 789 from 583 a year ago, potentially supporting future sales and revenue as inventory seasons. * Revenue diversification improved significantly, with customers outside Onity, Rithm, and associated portfolios contributing 72% of service revenue versus 46% a year earlier; management also expects AI, automation, and stable corporate costs to drive operating leverage. * Consolidated margins declined amid unfavorable revenue mix, customer implementation investments, and the wind-down of certain Rithm-related business, while mortgage origination volumes fell 6% year over year; management expects margin improvement as new business matures. Altisource Portfolio Solutions price performance. Shares of NASDAQ ASPS traded down $0.25 during mid-day trading on Thursday, hitting $5.40. The company had a trading volume of 5,085 shares, compared to its average volume of 22,401. The business's 50-day simple moving average is $5.71 and its 200-day simple moving average is $6.18. Altisource Portfolio Solutions has a 12 month low of $4.30 and a 12 month high of $10.40. The firm has a market cap of $61.62 million, a P/E ratio of -5.45 and a beta of 0.19. Wall Street analyst weigh in. A number of research analysts have weighed in on ASPS shares. Weiss Ratings raised shares of Altisource Portfolio Solutions from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday. Zacks Research upgraded shares of Altisource Portfolio Solutions from a "strong sell" rating to a "hold" rating in a report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $8.00. Insider transactions at Altisource Portfolio Solutions. In other news, major shareholder Benefit Street Partners Llc purchased 48,991 shares of the business's stock in a transaction on Monday, August 3rd. The stock was purchased at an average price of $5.78 per share, with a total value of $283,167.98. Following the acquisition, the insider directly owned 1,803,045 shares in the company, valued at approximately $10,421,600.10. The trade was a 2.79% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders bought 52,000 shares of company stock worth $299,847 in the last 90 days. Insiders own 19.07% of the company's stock. About Altisource Portfolio Solutions. Altisource Portfolio Solutions SA NASDAQ: ASPS is a technology and services company that supports the mortgage and real estate industries. It provides software, marketplaces and related services designed to help mortgage lenders, servicers, investors and other participants manage loans, properties and real estate transactions. The company's offerings have included Hubzu, an online marketplace for buying and selling residential and commercial properties, along with platforms and services for asset management, property preservation, valuation, real estate brokerage and other mortgage-related processes. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Altisource Portfolio Solutions, you'll want to hear this. 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Altisource Portfolio Solutions reported service revenue of $48.7 million for Q2 2026, marking a 19% year-over-year increase and 8% quarter-over-quarter growth. The origination segment saw particularly strong performance with 62% year-over-year growth. The servicer and real estate segment generated $34.4 million in revenue, up 8% year-over-year, though adjusted EBITDA for this segment fell 2% to $11.7 million. The company used $6.6 million in net cash for operating activities, driven by increased receivables from revenue growth. Altisource ended the quarter with $23.2 million in unrestricted cash. The company repurchased $2 million of its term loan and has diversified its customer base, with 65% of service revenue now coming from customers other than Onity and Rithm.