Altisource Portfolio Solutions S.A. reported a significant improvement in its financial performance for the second quarter and first half of 2025, as detailed in its latest 10-Q filing. The company generated total revenue of $43.3 million for the three months ended June 30, 2025, marking an 11% increase from $39.1 million in the same period of 2024. For the first half of 2025, revenue reached $86.7 million, up 10% from $78.6 million year-over-year. The increase in revenue was primarily driven by growth in both the Servicer and Real Estate segment and the Origination segment, with service revenue rising 11% to $40.8 million in Q2 2025 compared to Q2 2024.
The company also reported a net income of $16.7 million for the second quarter of 2025, a substantial turnaround from a net loss of $8.3 million in the prior year. This resulted in earnings per share of $1.51 for the quarter, compared to a loss of $2.33 per share in Q2 2024. For the first half of 2025, net income was $11.4 million, compared to a loss of $17.4 million in the same period of 2024. The improved profitability was attributed to lower interest expenses and a favorable income tax benefit of $15.7 million, primarily due to the reversal of uncertain tax positions.
Operationally, Altisource saw a notable increase in its customer base, particularly with Onity Group Inc., which accounted for 43% of total revenue in the second quarter. The company also reported a significant rise in service revenue from its Property Renovation Services and Foreclosure Trustee businesses. However, the Marketplace business experienced a decline in home sales, which partially offset gains in other areas. The company’s total assets as of June 30, 2025, were $142.9 million, slightly down from $143.6 million at the end of 2024.
Strategically, Altisource has focused on enhancing its service offerings and expanding its market presence. The company launched a residential renovation business and a commercial real estate auction platform, which are expected to contribute to future revenue growth. Additionally, Altisource has been actively managing its cost structure, resulting in a 15% reduction in selling, general, and administrative expenses for the first half of 2025 compared to the previous year. The company’s outlook remains cautiously optimistic, with expectations of continued revenue growth driven by its strategic initiatives and market conditions.
Looking ahead, Altisource aims to leverage its competitive advantages in the mortgage and real estate sectors to capture additional market share. The company is also focused on maintaining operational efficiency and exploring opportunities for growth through potential acquisitions and new service offerings. The management remains vigilant regarding market conditions, particularly in relation to mortgage delinquencies and foreclosure rates, which could impact demand for its services.
About ALTISOURCE PORTFOLIO SOLUTIONS S.A.
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